ANALYSIS OF THE MANAGEMENT OF THE FINANCIAL PERFORMANCE OF A POLITICAL PARTY IN ROMANIA USING THE CONCEPT OF BALANCED SCORECARD

The research is a case study on the analysis of the financial performance of a political party in Romania, at the end of 2020, using the strategic model for measuring the performance of the Balanced Scorecard. A review of the existing international scientific literature and case studies was conducte...

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Bibliographic Details
Published in:Bulletin of the Transilvania University of Brașov. Series V, Economic science Economic science, 2021-12, Vol.14(63) (2), p.111-120
Main Authors: Ungureanu, Ecaterina Cornelia, Moga, Liliana Mihaela, Cristea, Dragoș Sebastian, Mihalache, Andi
Format: Article
Language:English
Subjects:
Balanced Scorecard
Business metrics
Case studies
Computers
Economic models
Financial management
Financial performance
Funding
Interest groups
Light
Measurement techniques
Parliamentary elections
Political organizations
Political parties
Public finance
Software
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Summary:The research is a case study on the analysis of the financial performance of a political party in Romania, at the end of 2020, using the strategic model for measuring the performance of the Balanced Scorecard. A review of the existing international scientific literature and case studies was conducted to define a balanced plan of performance indicators for one of the four perspectives of the BSC theoretical model, namely the financial perspective, which is common to both an economic organization and a political organization. The paper evaluates the financial activity of a political party through a computer application - BSC Designer Light, whose architecture allows customizing the theoretical model of the Balanced Scorecard on the activity of a political organization. The purpose of the scientific approach is to evaluate the result of the financial activity, quantifying the scores obtained by the analysed party for each indicator and sub-indicator defined within the financial perspective. This study can be a consistent basis for expanding research to assess the performance of a political party from an electoral or parliamentary perspective and can be a viable alternative to current methods of quantitative evaluation used by political parties in analysing the activity results.
ISSN:2065-2194
2065-2208
DOI:10.31926/but.es.2021.14.63.2.13