Creating mechanisms of attracting private investment resources in the implementation of innovative projects in low-rise construction

2016 ◽  
Vol 11 (2) ◽  
pp. 171-179
Author(s):  
Волкова ◽  
Alla Volkova

An important source of investment resources of low— rise housing construction is the investment activity of the population. The author developed a mechanism for attracting private investment resources in the implementation of innovative projects in the field of low— rise building, which will lead to the creation of an environment conducive to investment of construction sector, as well as to attract external sources of financing innovation. The article discusses how to create a favorable environment for the development of investment processes in the innovation environment of construction companies.

2021 ◽  
Vol 7 (5) ◽  
pp. 315-321

In the construction sector, various risks affect the success of a company. Research has shown that the construction industry is exposed to multiple sources of internal and external risks, which underscore the investment climate, inflation, effective demand dynamics and social responsibility for the safety of projects. This article is aimed at identifying the most pressing risks inherent in construction companies, with a focus on the group of financial and economic risks and the creation of final products in this industry.


2018 ◽  
Vol 6 (1-2) ◽  
pp. 18-23
Author(s):  
A. I. Bogdanenko

The article is devoted to the consideration of the scientific-source basis of the issues of investment activity in housing construction. On the basis of historical analysis, the main stages of the evolution of the problems of reducing investment attractiveness in the housing market in Ukraine are determined. The foreign practice of state regulation of investment and construction processes relevant for borrowing, or refinement, in such developed countries as Ukraine, Great Britain, Germany, Sweden and the United States of America is considered. Summarizing the experience of developing mortgage lending abroad, it should be noted that mortgage lending was one of the main factors of economic development in the United States (new Roosevelt course), in Germany (post-war reforms of Erhard), in Argentina («Kovalio plan») and in Chile (Pinochet reforms). It is proved that the development of housing construction is significantly dependent on the level of development of mortgage lending, as this is one of the main sources for obtaining additional funds for the further development of construction.It is noted that the problems existing today in the housing and construction complex of the country are largely provoked by the ineffectiveness of the system of investment activity that was established even in a planned economy. The Soviet housing finance system was based on the centralized allocation of budgetary resources for the construction of public housing and its free provision to citizens who were officially recognized, in due course, in need of better housing conditions. It is concluded that the system of state construction and housing distribution inevitably led to a spiraling growth in demand for housing and stagnation of its supply, which caused a steady deficit of housing stock.The processes of stabilization, reformation and development of investment in housing construction are always experienced by all developed countries of the world. Seeking a way of output from a difficult situation, governments are pursuing a policy that should provide state financial support to construction companies and, at the same time, facilitate the wider involvement of the private sector in providing construction services, resulting in the emergence and development of a competitive construction environment in general.


2021 ◽  
Vol 22 (4) ◽  
pp. 438-458
Author(s):  
Margarita F. SAFONOVA ◽  
Yuliya V. MARCHENKO

Subject. This article discusses the issues of reflection of information on settlements with equity construction investors both on off-balance and balance sheet accounts of the developer. Objectives. The article aims to determine the extent of the transition to project financing of housing construction using escrow accounts, explore options for accounting for incoming funds of equity construction investors, and develop a methodology that helps avoid tampering with the balance sheet total of developers. Methods. For the study, we used induction, deduction, analysis, synthesis, and the calculation and graphic, monographic, and accounting and analytical methods. Results. In some cases, the findings have revealed significant discrepancies the way funds available to escrow accounts get accounted for. An analysis of the causes of these deviations confirms the need to develop an off-balance sheet accounting methodology. Conclusions and Relevance. The updated methodology is structured in such a way that the investors' funds are accounted by the developer in one account, another account is used for settlements with the equity construction investors, and the funds placed by the bank on the escrow accounts are reflected in the off-balance sheet of the developer, without misrepresenting the balance sheet total. The results can be used in the theory and practice of construction companies in the process of accounting and reporting by business entities of various forms of ownership, as well as for further scientific developments and practical applications.


Author(s):  
Asma Ayari

The purpose of this study is to give a description of ethical business cultures in Bahraini construction companies. Construction companies in the Middle East are facing charges in terms of exploitation of workers and poor working conditions. The construction sector is one of the most dynamic in Bahrain, and its participation in national GDP is increasing. It is also the most important sector in the creation of jobs. Bahrain, as in the Gulf countries, employs a workforce from India and Asia, one of the lowest in the international labor market. This study analyzes the reality of the CSR in the construction sector and proposes some guidelines for the role of Bahraini stakeholders in the implementation of the social responsibility.


Author(s):  
Rocio Aliaga Isla

Studies on immigrant entrepreneurship have focused on some groups of immigrants according their ethnicity and citizenship. Nonetheless, there is a configuration of immigrants inside Spain that has been neglected in research arenas. This study analyzes which factors at individual level influence the creation of businesses by EU and non-EU immigrants. Factors acquired in home and host country are considered. Hypotheses are tested using multivariate analysis. Employing data from the National Immigrant Survey of Spain – ENI-2007, the findings showed immigrants who owned or managed a business in their home country have higher probability to create a business. Among factors acquired in Spain, the experience in occupation was the more relevant for EU immigrants. However, the experience in construction sector was significant for non-EU immigrants. Furthermore, the exposure to Spanish context and social contacts were significant, increasing the probability of creating a business by non-EU immigrants in Spain.


2019 ◽  
pp. 13-19
Author(s):  
V. Kudriavtseva

Problem setting. This article deals with the problems of forming the legislative mechanism of creation and state support of the legal investment order, which should ensure the functioning of the investment market in the mode of observance of the principle of freedom of investment activity and at the same time real providing the national economy with investments in the necessary quantitative and qualitative parameters for the expanded reproduction of competitive socially-based production, without the use of excessive enforcement mechanisms labor, intellectual, financial and natural resources of the country and ensure the state of investment security. Analysis of scientific research. It is significant that public procurement has been the subject of scientific research by experts in commercial law: D.V. Zadikhaylo, V.K. Mamutov, O.P. Podserkovniy, V.A. Ustimenko, V.S. Shcherbinа, etc. The purpose of this scientific article is to identify the key problems of the formation of the legislative mechanism for the creation and state support of the legal investment order, which should ensure the functioning of the investment market and ensure the state of investment security. Article’s main body. The concept of national investment security, which is part of the national economic security of the country as a whole, is to systematically prevent the threat of a critical shortage of investment resources through the creation and state support of an appropriate legal investment order. The lack of a clear and systematic definition in the legislation of Ukraine of the legal mechanism of state regulation of economic relations, including investment, is a disadvantage, which frankly reduces the state’s ability to effectively influence economic processes and, consequently, its ability to fulfill its functional responsibilities in the sphere of economy. The investment component is a special subsystem of economic security that creates prerequisites for the best use of socio-economic relations in the development and scientific and technical restoration of productive forces of society through active investment activity. In studying the structure of the investment component we propose to take into account: inclusion of the investment component in the system of economic security of Ukraine; differentiation of the investment component by different levels of economy (country, region, industry, enterprise); the property of synergism, that is, the investment component of the economic security of the country is not a mere set of investment components of the economic security of regions and enterprises; formation of an investment component under the influence of many objective factors; the occurrence of various risks as a result of appropriate conditions. Conclusions and prospects for development. That’s why there is a need to develop and substantiate a system of initial concepts related to the economic and legal support of the implementation of the investment policy of the state: the investment market, the investment policy of the state, the legal investment policy of the state, the legislative investment policy of the state, the mechanism of formation of the legal investment policy, investment order and national investment security, etc.


2010 ◽  
Vol 18 (1) ◽  
pp. 17-23
Author(s):  
E. Jankovichová

The global economy and its influence on the Slovak construction sectorFor the construction industry, globalization is a trend that means two things: many opportunities and many threats. In the conditions of globalization many management approaches, such as organization structure, strategy forming, planning, motivation and control procedures, communication channels, risk management, etc., must transform. The aim of the paper is to analyze the influence of globalization on the construction industry in Slovakia and identify the impact of globalization on construction companies in this area.


2019 ◽  
Vol 262 ◽  
pp. 07009 ◽  
Author(s):  
Józef Myrczek ◽  
Piotr Tworek

A variety of insurance options are used when managing risk in the construction industry. Numerous insurers operating on the Polish market provide suitable types of insurance, thus allowing participants of a construction process to obtain a comprehensive cover against almost all potential risks. Therefore, ‘all-risks’ types of insurance is of particular importance in case of construction and assembly activities. In addition to this instrument, the paper also deals with other forms of insurance used in the construction sector in Poland, which apply to various aspects of activities conducted by actors involved a construction project. This is the main topic of the paper, which also outlines the theory on the subject as well as providing the results of empirical research carried out in this area and emphasizing the practical applicability of the discussions. Consequently, the key aim of the paper is to present the issues related to insurance in the construction industry as a method of financing risk in operations of construction companies. The paper adopts a synthetic approach to these issues. The paper also reviews the related scholarly literature.


2018 ◽  
Vol 931 ◽  
pp. 1118-1121 ◽  
Author(s):  
Tatyana V. Maleeva ◽  
Larisa G. Selyutina

Cities in Russia including St. Petersburg lack of social housing. The state measures involving financial budget support to families have appeared ineffective to solve the problem. Currently, over 170 thousand families in St. Petersburg need to improve their housing conditions. The paper considers alternative financial resources of social housing construction. The paper analyzes the first experience of rental housing, constructed due to budget finances. The social housing construction with private investment resources is proven. The authors suggest the way how regional authorities can effectively stimulate private investors to construct social rental blocks of flats.


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