scholarly journals Formation of innovation and investment development directions of the Samara Region systemic enterprises

2021 ◽  
Vol 12 (2) ◽  
pp. 67-77
Author(s):  
Kristina Yu. Orlova
Keyword(s):  
Investment Decisions ◽  
Payback Period ◽  
Rate Of Return ◽  
Investment Behavior ◽  
Real Situation ◽  
Investment Activity ◽  
Investment Projects ◽  
Loan Rate ◽  
Economic Justification ◽  
Strategic Goals

The article discusses the directions of innovation and investment development of the strategic, system-forming, enterprises of the Samara Region, which were determined on the basis of an analysis of information about the real situation (20182020) and the planned future (from 2021), obtained as a result of a questionnaire survey of managers about the directions of investment, criteria for making investment decisions, as well as the strategic goals of investment plans. The analysis of investment directions was carried out, on the basis of which the types of investment activity of enterprises were identified as active, proactive and passive. Criteria for making investment decisions are considered, on the basis of which the types of investment behavior of enterprises were divided into leader behavior associated with the economic justification of investment decisions, and follower behavior characterized by an empirical decision rule. The average values of the investment projects characteristics the payback period of investments, the excess of the rate of return over the loan rate, and the discount rate required for making a decision on investment, as well as the volumes of investment projects in different periods are given. On the basis of the investment objectives considered, three types of strategies of system-forming enterprises are formulated: aggressive, moderate and conservative. Based on the analysis of the results of the survey, the features of innovative activity, as well as the directions and prerequisites for the innovative development of the Samara Region strategic enterprises are determined.

scholarly journals EXPLANATION OF THE BENEFIT OF THE INVESTMENT PROJECT ON THE CASH BASIS / IZRAŽAVANJE KORISTI INVESTICIONOG PROJEKTA NA GOTOVINSKOJ OSNOVI

2019 ◽  
Vol 16 (2) ◽  
Author(s):  
Dijana Kremenović
Keyword(s):  
Growth And Development ◽  
Investment Decision ◽  
Investment Decisions ◽  
Investment Project ◽  
Capital Budgeting ◽  
Investment Activity ◽  
Investment Projects ◽  
Investment Process ◽  
Additional Value ◽  
Cash Basis

Decisions about the choice of investment projects can significantly affect the destiny of the company, its competitive position in the market, market participation, the direction of further technological development, and even the survival of the company. The aim of this paper is, in the conditions of the current economic reality, to point out the significance of the choice of methods of expressing the benefit of an investment project. In this sense, we have explained in detail all currently applicable methods for assessing the viability of investment projects on a cash basis, comparing the good and bad sides of all the methods presented. In this connection, we especially pointed out the importance of the time value of money. The decision to apply the capital budgeting process, certainly, is the decision of the company itself. However, the outcome of investment activity is borne by a wider circle of consumers, which should be a sufficient reason to encourage education and the application of current methods in this area. If you want to realistically look at the investment process and evaluate the justification of an investment project, it is necessary to identify and analyse the effects of exploitation of a particular investment. In order to ensure the realization of the company’s basic strategic goals and thus ensure its growth and development, it is necessary to make decisions in which the company will focus its investment activities on this investment projects whose effects will ensure the highest return on investment. This work deals with the complex issues of making adequate investment decisions using a method for assessing the viability of investment projects on a cash basis. Bearing in mind the significance of investment activity, we can conclude that for the purpose of making a good investment decision, it is necessary to realistically look at the entire investment process and assess the justification of the implementation of the investment project. In this sense, we identify, measure and quantify the overall effects of the realization of a particular investment. Capital budgeting for the purpose of making an investment decision today is a generally accepted concept in developed economies. There is no doubt that there are many disagreements regarding the choice of the methods of assessing the viability of investment investments, and then the selection of criteria within a certain method. However, it is quite certain that the rich experience of developed countries undoubtedly points to the need for capital budgeting, investment project management, with particular emphasis on the use of discounted methods for assessing the viability of investment investment and respecting both economic and non-economic effects. Implicit benefits that the application of capital budgeting brings to the overall growth and development of the company, in terms of reducing uncertainty in making investment decisions, easier ranking of investment projects, exact measurement of expected benefits, transparency of investment activity criteria, attracting investors and ultimately creating additional value and greater degree of realization of strategic company goals.With this work, we pointed out the fact that capital budgeting is crucial in the process of making an investment decision and in that way has influenced enterprises to seriously deal with the choice of the method of estimating the profitability of investment projects that will surely result in additional value for the company.

scholarly journals Capital Budgeting Practice of Thai Firms

2015 ◽  
Vol 7 (1) ◽  
pp. 59-66
Author(s):  
Kereboon Champathed
Keyword(s):  
Capital Investment ◽  
Investment Decisions ◽  
Capital Budgeting ◽  
Payback Period ◽  
Internal Rate Of Return ◽  
Discounted Cash Flow ◽  
Investment Projects ◽  
Analysis Techniques ◽  
Corporate Capital ◽  
Individual Project

This paper examines the capital budgeting practice of Thai firms and the relationships between capital budgeting techniques and the firm size, length of operation and type of firms. The results indicated that most Thai firms used capital budgeting techniques for the analysis of investment projects (74.1%) and more than half (51.7%) of total corporate capital investment expenditures were screened by capital budgeting techniques. Discounted-cash-flow techniques were used by the majority of the firms with Internal Rate of Return (IRR) the most used evaluate techniques. Moreover, risk is quantified on individual project basis in assessing risk in investment decisions. Shortening the desired payback period was used most among the risk analysis techniques and the most likely scenario received most attention in the financial justification in relation to risk.

scholarly journals Risks of environmental opposition to the investment projects implementation

2020 ◽  
Vol 176 ◽  
pp. 05025
Author(s):  
M.B. Vidrevich ◽  
G.Yu. Pakhalchak
Keyword(s):  
Economic Development ◽  
Economic System ◽  
Significant Role ◽  
Environmental Risks ◽  
The State ◽  
Investment Activity ◽  
Investment Projects ◽  
Social Risks ◽  
Strategic Goals ◽  
Social And Environmental Risks

Investment activity plays a significant role in achieving the strategic goals of the development of society, and has a significant impact on the state of the environmental and economic system. Recently, quite often, the interests of various groups related to the preservation of the environment come into conflict with the need for economic development, and hence the impossibility of investing in this development. In this case, potential or real investors lose the money invested. The purpose of the research is to consider the features of environmental and social risks of implementing investment projects, to consider the features of social and environmental risks and to show the need to take into account social and environmental risks for the implementation of investment projects, as well as suggest ways to minimize them. It is shown that the effectiveness of the implementation of investment projects and the reduction of possible losses of investors can be achieved by real consideration of social and environmental risks. Some instruments to reduce the risks of implementing investment projects are proposed.

scholarly journals Analysis capital budgeting investment projects substation 150 kV for tires company

2020 ◽  
Vol 12 (2) ◽  
pp. 189
Author(s):  
Andi Setyawan ◽  
Hasbullah Hasbullah
Keyword(s):  
Interest Rate ◽  
Net Present Value ◽  
Electricity Consumption ◽  
Electrical Energy ◽  
Capital Budgeting ◽  
Payback Period ◽  
Rate Of Return ◽  
Internal Rate Of Return ◽  
Investment Projects ◽  
The Interest Rate

The electricity consumption continues to increase, including in Indonesia, where the average electricity consumption rises 6.86% per year. In line with the ever-increasing production needs of companies needing more electrical energy during these electrical disturbances often occur due to power shortage. Therefore, the company proposes the investment of the construction of substations 150kv Expected to improve the reliability of electrical energy supply. This research conducted to analyze the value of investment carried by tire companies using historical data and company forecasts using the technical method of economics to analyze its finances. Based on the calculation result with the Payback period (PP) and Discounted Payback Period generates 5.35 years and 6.24 years.  Meanwhile, in the calculation of net present value (NPV) obtained favorable results in the 6th year of Rp 40,944,770,640.32, using an interest rate of 5%. In the calculation of the internal rate of return (IRR), the result of 5.5% concluded that the project return is higher than the minimum attractive rate of return (MARR) of the company by 5.17% of the Bank Indonesia interest rate. Then based on the sensitivity analysis gained that the lower the interest rate on this project, then the faster the return on the investment, and vice versa. The overall analysis of the scenario stated that the investment is worthy of running because it brings profit directly to the company.

scholarly journals Examination of investment proposals for their inclusion in the infrastructure programs of the energy industry

2019 ◽  
Vol 110 ◽  
pp. 02133
Author(s):  
Natalya Moiseenko ◽  
Olga Gorelova
Keyword(s):  
Investment Decisions ◽  
Energy Industry ◽  
Real Sector ◽  
Mechanism Of Formation ◽  
Investment Activity ◽  
The Real ◽  
Investment Projects ◽  
Investment Program ◽  
Key Issues

The paper discusses the key issues that allow finding approaches to solving the problem of investment activity in the process of developing and implementing investment projects and construction programs in the real sector of the economy. The mechanism of formation of investment programs is considered. The process of examination of investment projects for their inclusion in the investment program has been determined. The algorithm for making investment decisions is proposed.

scholarly journals Investment behavior of short-term versus long-term individual investors of PAN India – An empirical study

2021 ◽  
Vol 18 (2) ◽  
pp. 223-233
Author(s):  
Kannadas S.
Keyword(s):  
Risk Taking ◽  
Investment Decisions ◽  
Behavioral Approach ◽  
Individual Investors ◽  
Investment Behavior ◽  
Short Term ◽  
Investment Activity ◽  
Risk Return ◽  
Risk Appetite

Investment activity, followed by household and external savings, often plays a decisive role in strengthening the financial status of individual investors, as it contributes to further increases in wealth. This study analyzes the investors’ investment motives and actions to find better investment strategies and to do a systematic review of the investment behavior available for both short- and long-term individual investors. The study is mainly focused on factors and priorities influencing investment decisions. The data were obtained using the questionnaire approach from 201 individual investors within the age group from 18 to 80 from different parts of India. Every individual investor’s risk-tolerant score has been calculated on the basis of the investors’ holistic behavior, namely, investors with high-risk appetite, investors with a moderate and low-risk appetite. Non-parametric tests are applied to evaluate the behavioral approach of investors that are differently correlated to these factors. T-test is used to distinguish between the population mean of short-term and long-term investors’ risk-taking ability and priority of safeguarding the principal over return preference, rather than identified investment factors. As a result of the study, the factors influencing the investors’ decisions were found: income level, market participation experience and risk-return proportions, rather than age, gender, risk-taking ability and investment priority. This study enhances the existing literature by analyzing income, risk-return proportion and investment experience factors that influence investment decisions.

scholarly journals SELECTION OF INVESTMENT PROJECTS IMPLEMENTATION OPTIONS

2020 ◽  
pp. 160-165
Author(s):  
A. V. Kozlovsky ◽  
N. A. Moiseenko ◽  
O. E. Astafieva
Keyword(s):  
Construction Industry ◽  
Implementation Process ◽  
Investment Project ◽  
Investment Efficiency ◽  
Construction Sector ◽  
Investment Activity ◽  
Investment Projects ◽  
Economic Justification ◽  
Reduced Costs ◽  
Selection Of

The main unresolved issues of choosing the most effective investment projects aimed at introducing innovative technologies have been considered. The traditional indicators of investment efficiency have been analysed. The expediency of using the indicator of the total reduced costs necessary for the implementation of the project has been substantiated. Attention has been paid to the possibilities of public-private partnership in innovation projects. The issues of shares distribution between participants in innovation and investment projects and the use of such objects have been reviewed. The current situation in the investment and construction sector of the economy has been assessed and ways to solve the main problems of investment activity in the construction industry have been outlined. The expediency of creating a mechanism for economic justification of the investment project implementation process, including the creation of reserve funds, has been substantiated. Recommendations for using the indicator of the of the investor’s total stated costs have been given.

scholarly journals Metode Penilaian Investasi dengan Analisis Sensitivitas Pada Pendirian UMKM “Premier Crepes”

2018 ◽  
Vol 7 (2) ◽  
pp. 43-56
Author(s):  
Tuti Zakiyah
Keyword(s):  
System Performance ◽  
Net Present Value ◽  
Investment Decisions ◽  
Payback Period ◽  
Careful Consideration ◽  
High Rate ◽  
Rate Of Return ◽  
Internal Rate Of Return ◽  
Present Value ◽  
Production Parameters

The main purpose of the investment is to earn a profit or a high rate of return. That is, no investor wants to lose even loss of funds or capital that has been invested in certain instruments. Well, to make no mistake in taking investment decisions, obligatory for investors to conduct investment feasibility analysis. Investment feasibility can not be judged solely on the basis of assumptions or beliefs, but must be analyzed in depth from various aspects. Without careful consideration, investing is like buying a cat in a sack. That is, investors do not know clearly whether the investment is profitable or not. Sensivitas analysis is an analysis conducted to determine the effect of changes in production parameters on changes in production system performance in generating profit. By conducting a sentiment analysis then the likely effect of these changes can be known and anticipated beforehand. An approach based on the Cash flow concept of Payback Period Method, Net Present Value (NPV) Method and Internal Rate of Return (IRR) Method. Minimum Acceptable Rate of Return or Minimum Atractive Rate of Return (MARR). MARR is the minimum rate of return on an investment that a brave investor would undertake.Keywords : NPV, IRR, MARR, sensitivity.

scholarly journals Metode Penilaian Investasi dengan Analisis Sensitivitas Pada Pendirian UMKM Premier Crepes

2018 ◽  
Vol 7 (2) ◽  
pp. 150-163
Author(s):  
Tuti Zakiyah
Keyword(s):  
System Performance ◽  
Net Present Value ◽  
Investment Decisions ◽  
Payback Period ◽  
Careful Consideration ◽  
High Rate ◽  
Rate Of Return ◽  
Internal Rate Of Return ◽  
Present Value ◽  
Production Parameters

ABSTRACTThe main purpose of the investment is to earn a profit or a high rate of return. That is, no investor wants to lose even loss of funds or capital that has been invested in certain instruments. Well, to make no mistake in taking investment decisions, obligatory for investors to conduct investment feasibility analysis. Investment feasibility can not be judged solely on the basis of assumptions or beliefs, but must be analyzed in depth from various aspects. Without careful consideration, investing is like buying a cat in a sack. That is, investors do not know clearly whether the investment is profitable or not. Sensivitas analysis is an analysis conducted to determine the effect of changes in production parameters on changes in production system performance in generating profit. By conducting a sentiment analysis then the likely effect of these changes can be known and anticipated beforehand. An approach based on the Cash flow concept of Payback Period Method, Net Present Value (NPV) Method and Internal Rate of Return (IRR) Method. Minimum Acceptable Rate of Return or Minimum Atractive Rate of Return (MARR). MARR is the minimum rate of return on an investment that a brave investor would undertake.Keywords : NPV, IRR, MARR, sensitivity.

EVALUASI TERHADAP PENGELOLAAN SAMPAH DALAM MENINGKATKAN PELAYANAN ASET DI KOTA PEMATANGSIANTAR

2017 ◽  
Vol 13 (3) ◽  
pp. 240
Author(s):  
Novdin M Sianturi
Keyword(s):  
Net Present Value ◽  
Payback Period ◽  
Rate Of Return ◽  
Cost Ratio ◽  
Internal Rate Of Return ◽  
Present Value ◽  
Benefit Cost Ratio ◽  
Internal Rate ◽  
Benefit Cost

Abstrak: Pengelolaan sampah di Kota Pematangsiantar masih bertumpu pada pendekatan akhir (kumpul-angkut-buang), dengan tingkat pelayanan yang rendah, sehingga untuk meningkatkan pelayanan sampah, perlu dilakukan pemilahan di tempat penampungan sementara (TPS). Penelitian ini bertujuan untuk mengkaji sistem pengelolaan sampah dengan melakukan pemilihan di TPS dapat meningkatkan pelayanan aset persampahan sampai tahun  2015 secara teknis operasional dan dari aspek keuangan. Analisa teknis operasional aset pengelolaan sampah mulai dari pewadahan, pengumpulan dan pengangkutan sedangkan analisa keuangan dan analisa kelayakan menggunakan Net Present Value, Internal Rate of Return, Benefit/Cost Ratio, dan Payback Period. Dari hasil analisa tersebut diperoleh suatu sistem pengelolaan sampah dengan pemilihan di TPS berdasarkan zona pelayanan dengan skala prioritas secara bertahap daritahun 2013-2017, dapat meningkatkan cakupan pelayanan sampah eksisting rata-rata 6,69 %, cakupan pelayanan TPS eksisting rata-rata 8,29 %, dan cakupan pelayanan truk pengangkut sampah eksisting rata-rata 12,03 %. Investasinya layak, diperoleh Net Cashflow pada tahun 2020 sebesar Rp 1.720.242.284,-, NPV suku bunga 15 % bernilai positif, IRR > MARR 15 %,  B/C Ratio > 1, dan PP 4,7 tahun, lebih pendek dari periode investasi 10 tahun. Dari Metode penelitian ini maka pengumpulan data, observasi lapangan dan pengukuran contoh timbulan sampah dengan sampel 4 TPS perumahan yang terlayani pengangkutan.

Sign in / Sign up

Export Citation Format

Share Document