scholarly journals Investment attractiveness of the real sector of the economy in the framework of sustainable development

2021 ◽  
pp. 135-140
Author(s):  
O. E. Astafieva ◽  
A. V. Kozlovsky ◽  
N. A. Moiseenko

The article discusses the main problems associated with the development and implementation of investment projects at enterprises of the real sector of the economy for sustainable development. The current situation in the investment and construction sector of the economy has been evaluated and the ways of solving the main problems of investment activity in the construction industry are outlined. The issues of formation mechanism of the investment attractiveness of industries and individual organizations, production and investment activities have been consistently considered. Traditional indicators and criteria of investment efficiency have been analysed. The expediency of using indicators of the return on capital or assets of the organization necessary for the implementation of the project has been substantiated. It has been noted that in the process of developing an organization’s sustainable development strategy, it is necessary to take into account its digital transformation, within the framework of the possibility of functioning in a single digital environment in order to increase competitiveness. The applying a comprehensive assessment of the effectiveness of attracting investments for the implementation of investment programs based on the selected criteria, taking into account their functioning in the digital environment, – has been recommended.

2019 ◽  
Vol 110 ◽  
pp. 02133
Author(s):  
Natalya Moiseenko ◽  
Olga Gorelova

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.


2020 ◽  
pp. 160-165
Author(s):  
A. V. Kozlovsky ◽  
N. A. Moiseenko ◽  
O. E. Astafieva

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.


Author(s):  
Inna Rykova ◽  
Denis Taburov

The article deals with the investment forecast for the energy sector of Russia in the long term for the period up to 2030, analyzes the dynamics and identifies cause-effect relationships. The hypothesis of growth of investment attractiveness is formed on the basis of revenue assessment of the largest companies of the fuel and energy complex of Russia. The authors describe the possibilities for the use of financial instruments for the development of the real sector of the economy. The indicators of evaluating the effectiveness of investment projects in the field of oil exploration and production are given. The potential of the world leaders in the field of oil supply to the international energy market is studied. Methods, forms and sources of financing of the real sector of economy are defined. The measures to stimulate economic growth and increase the investment attractiveness of the studied industry are recommended. The analysis of the oil and gas complex is carried out on the following economic indicators: criteria of return on capital and sales, coefficients of business activity, financial leverage, liquidity and capitalization of assets of companies operating in a single industry. This made it possible to identify inefficient producers of raw materials whose investment strategies are in dire need of adjustment and optimization of sources of financing. As a result of the study, proposals are formulated to redistribute investments into more profitable segments of the extractive industry, to combine the mechanisms of taxation of mineral extraction with the extraction of economic benefits from the expansion of the range of export duties levied on foreign trade operations. The article traces the economically significant idea of the need to modernize infrastructure organizations, the construction of new facilities in the activities of generating industries based on the optimization of investment flows in the companies of the real sector of the economy. As a result of the research, the authors substantiate the proposals for linking the economic growth of the country with the processes of investment in oil production and exploration taking into account the elimination of imbalances in the structure of revenue and capital.


Author(s):  
A. Ursul ◽  
D. Kalyuzhnaya

The article points out that the progressive deterioration of the social and environmental situation on the planet and the emergence of the real threat of anthropo-ecological catastrophe necessitate the abandoning of the current model of civilizational development and the formation (first in theory and then in practice) of an ultimately new one. This innovative strategy, which means taking account of the main socio-natural contradiction, is called a sustainable development strategy. This new form of civilizational development must become rationally governed on a planetary scale, thus providing the survival and temporal continuation of the existence of humans and biosphere. The authors regard sustainable development as a vitally important (later on - dominating) orientation of international, political and global processes. This vision makes it crucially important to embed this conception into the proper scientific disciplines and research fields. The authors make use of the A.D. Bogaturov's conceptualization approach for the scientific discipline of world politics and consider the latter as an evolutionary form of global political development. The real global integrity of the world political system serves as a global attractor of this evolutionary transformation, and this aspect represents the specific pattern of all global processes. It is supposed that these processes will unfold through transition to sustainable development. The development of the global system of political actorship is considered a fundamental process within the growth of overall complexity of the global political structure. In the evolutionary sustainable development perspective it should result in the formation of an integral subject of global politics and global activity. The article shows that the dominating state-centric approach reproduces the political model of unsustainable development, which is characterized by archaic prerequisites of political realism, spontaneous formation of system, and growing threats to global security.


2019 ◽  
pp. 13-16
Author(s):  
Alona PROKOPCHUK ◽  
Lidiia KOSTYRKO

By and large, investments provide the mechanism needed to finance, develop and grow the economy. In all developed countries the agricultural economy enjoys state support. Investors consider the current state of the investment climate in Ukraine as unsatisfactory. There are a number of factors: a sharp reduction in government funding, the absence of an efficient credit system, a tight tax policy. Credit and banking organizations also do not want to finance in the agricultural sector, as there are risks. Basically, businesses rely only on their own funds. In this article, we will reveal the prerequisites, essence and consistency of the formation of the investment strategy of agricultural enterprises. At present the tool for ensuring the efficiency of agricultural enterprise development management is to formulate and implement an optimal investment strategy. The process of forming an investment strategy involves the selection of objects of strategic management of the organization. Such objects are investment activity of the enterprise as a whole, strategic economic zones and investment projects. The enterprise development strategy is also focused on attracting internal and external investments. Instruments of investment activity of the enterprise can be divided into financial and non-financial.


2021 ◽  
Vol 9 (3) ◽  
pp. 11-15
Author(s):  
Igor' Mizikovskiy

One of the important tools for incorporating the paradigm of sustainable development into the complex fabric of economic activity of an enterprise in the real sector of the economy is the permanent process of introducing new and updating existing production technologies. Managing this difficult process requires fundamental changes in the traditional approach to structuring the information and tool space of the accounting and calculation process of forming the production cost of products. The solution of this difficult task involves the decomposition of the pool of indirect costs in order to allocate from its composition the costs of introducing new and upgrading used technologies and then assigning them to the production cost. It should be noted that these costs are distributed in proportion to the quantitative characteristics of material cost savings. The choice of this indicator as a distribution base is justified by the fact that it is one of the key components of the economic benefits coming to the enterprise. In the course of the study, various methods were used comprehensively, including: observation, systematization, formalization, modeling and visualization, decomposition and aggregation of data. The results obtained in the course of the study will improve the quality of the information and instrumental space for making managerial decisions aimed at ensuring the sustainable development of economic entities in the real sector of the economy by updating existing and introducing new, advanced production technologies.


2020 ◽  
Vol 15 (11) ◽  
pp. 36-50
Author(s):  
N. A. Sheveleva

Encouragement of domestic investments into the real sector of the Russian economy is a pressing task of state administration at the current stage. As part of the measures of state support the author names tax preferences, including tax incentives both in their economic manifestation and in their legal implementation. Residents of special economic zones and other territories with special status, as well as participants of regional investment projects have the right to use reduced corporate income tax accompanied with a whole system of prohibitive conditions and restrictions. The assessment of the set of conditions and restrictions applied for various economic entities allows to question the real attractiveness of the status of a resident or participant of such a significant activity for the State as the investment activity. Lack of confidence in the rigidity of business conditions, including tax conditions, is a factor that affects adversely the attractiveness of investment activities. The significance of this factor is evidenced by the adoption of Federal Law № 69-FZ dated April 01, 2020, “On Investment Protection and Promotion in the Russian Federation” that provides for a stabilization clause covering tax regulation. The Federal Law has been widely discussed among business people at the stage of a draft. However, the new Law does not solve many problems: the conclusion of an agreement with a stabilization clause will be available to far from every economic entity, real and potential residents of territories with special status or participants in regional investment projects.


Author(s):  
L. I. Kashuk ◽  
Z. A. Arynova ◽  
S. V. Bespaly ◽  
D. I. Zakirova

The main problem of the innovative development of the regions of Kazakhstan is the lack of innovative activity of enterprises, which is reflected in the volume, periodicity and impact of their innovations. At the same time, the majority of enterprises belonging to the real sector of the economy have sufficient resources for the development of innovative activities. However, the prospects for their interaction with enterprises in other sectors and sectors of the economy for technology transfer are insignificant. In this connection, the studies defining the main ways and methods of forming cluster initiatives in the regional economy are relevant. The analysis of the investment activity of industrial enterprises in the region predetermined the multidimensional nature of the research methodology, the need to use methods of system, statistical, comparative and logical analysis, grouping. The practical significance of the study is to develop specific recommendations to increase the investment attractiveness of Pavlodar region through the implementation of several cluster initiatives in the real sector. The results of the study allowed to develop some recommendations on the formation of a system for the implementation of cluster initiatives in the region, differing in their adaptation to the specifics of the industry, which made it possible to identify priority areas for the development of clusters in the real sector of the regional economy.


Author(s):  
Oleksandr A. Zadoia ◽  
◽  
Valerii S. Fomenko ◽  

The paper reviews the processes of direct and portfolio investment, outlines the differences and the main directions of implementation of ways to achieve economic goals using these tools at both international and national levels. The arguments and reasons for the growing popularity of portfolio investing in the modern world are given, given the wider range of sources of primary information on the state of the stock market in global trading platforms and the ever-increasing tools for managing investors’ assets. Based on the systematization of the work of foreign and domestic scientists, the assessment of the role of investment activity in the formation and further successful development of the national economy is given. Taking into account the experience of developed countries, the need to develop the stock market of Ukraine, identify problems and, taking into account the specifics of the domestic economic and geopolitical space, proposed effective steps to improve the investment climate in our country. In order to detail and classify possible areas of investment activity, the study analyzes the types of investment instruments and identifies their likely target use in modern realities. The analysis of investment activity of Ukraine in the period 2014-2020 provided an opportunity to find out the main trends in the dynamics of changes in direct and portfolio investment. From the point of view of the root causes of the low level of investment activity in this period, gaps in the legislation, the presence of corruption schemes, inconsistencies in the strategies of regulatory financial institutions, a large share of the shadow economy, military action in industrial regions were highlighted. Therefore, despite the high level of return on capital in Ukraine, our country has found itself on the sidelines of global investment flows. The study of the ratio of direct and portfolio investments and their dynamics shows a certain pattern. First, Ukraine is characterized by a constant excess of direct investment over portfolio investment. Secondly, the gap between these types of international capital movements in our country is narrowing due to the increase in portfolio investment. This situation makes it possible to state the invariability of the negative level of investment attractiveness of the domestic economy in the real sector, and the problems of economic imbalance are covered by external borrowing through the use of one of the portfolio instruments, namely placement of foreign and domestic government bonds. The main emphasis is on the inadmissibility of such a state of affairs, which makes it possible only temporarily to maintain Ukraine’s economy in a stable state. A review of the dynamics of the country’s debt growth and the decline in the competitiveness of domestic production in the context of a very high degree of depreciation of production capacity, only confirms the need for urgent measures to stimulate the process of direct investment. Regarding the development of the portfolio investment process, it is proposed to bring the regulatory framework to international standards in the first place. Combining the stimulation of direct investment, especially in the real sector of the economy, in the presence of relevant laws and financial institutions, inevitably revival in the stock market, which in turn will change the structure of portfolio investment in Ukraine. The opinion also expresses the need to take into account the external effects of the investment process, namely to pay attention to increasing the indicators of inclusive economic development.


2021 ◽  
Author(s):  
Olexandr Pankov ◽  

Investment activity is central to economic process and determines the overall economic growth of the enterprise. As a result investment increases production volumes, income is growing, evolving and moving forward in economic competition between industry and enterprise, who came forward in the competition and in most meet the demand for one or another goods and services. Received income in part again accumulates and increases, occurs further expansion of production that leads to the prosperity of the enterprise. This the process is repeated continuously. So, investment activity itself causes growth extended playback generated by income account as a result of its effective distribution. At the same time the more effective investment activity, the greater the growth of income, the greater the absolute size accumulation of cash of the enterprise, which can be re-invested in production. At high enough investment efficiency activity income growth can provide increasing the share of accumulation at full consumption growth. Investment impact analysis activities on the efficiency of production, financial and further development of the enterprise is final in order to determine the degree of impact of the implemented investment projects and innovations. However, during the analysis it is important to identify trends in the scale of the impact of implemented investment projects and innovations on change generalizing and private indicators that characterize the efficiency of production, financial and investment activities of the enterprise as a whole. As shown by the analysis of literature sources from issues of investment activity and its impact on development of economic activity of enterprises, on today there is no single approach of the authors to relationship between development factors and components of the enterprise management system. IN during the study of the problem, the impact was identified investment activity as one of the components enterprise management systems, production and financial activities identified and systematized main factors limiting development investment activities in modern enterprises conditions.


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