%0 Journal Article %T EFFICIENCY - ESSENTIAL ELEMENT OF THE INVESTMENT DECISION %A RAMONA LILE %A V.V. PANTEA %A SUZANA MONICA B£¿JA %J Lucr£¿ri £¿tiin£¿ifice : Management Agricol %D 2009 %I %X The objective of each domestic or foreign investor is to achieve profit and purpose of investment decision and particularly the foreign one is to get efficiency. In terms of competitiveness, propelled at extremely high levels of free market economy, investment decision may be adopted only based on an essential element - the efficient investment. In the context of the current crisis caused by the reduction in volume of energy resources, raw materials, degradation of environment and natural disasters multiplication is necessary to use the concept of efficiency to justifying any investment decisions overall, especially foreign investment, which require much greater efforts to achieve change of very ambitious objectives. %K investment %K decision %K efficiency indicators %U http://www.usab-tm.ro/%5CPdf%5C2009%5Cxi2%5Cmanagement09_41.pdf