scholarly journals FINANCIAL MODEL OF INVESTMENT PROJECT AND PECULIARITIES OF ITS USE IN PROJECT FINANCING

2019 ◽  
Vol 4 (44) ◽  
pp. 65-78
Author(s):  
Ievgen Tishchenko
Keyword(s):  
Investment Project ◽  
Project Managers ◽  
Point Of View ◽  
Ease Of Use ◽  
Project Financing ◽  
Validity And Reliability ◽  
Financial Model ◽  
Financial Flows ◽  
Investment Process ◽  
Model Formation

The article explores the main directions for improving the management of the investment process on the basis of the development and use of the financial model of the investment project, which is proposed to be considered as a decision making tool at all stages of financing. From a practical point of view, such a model is a digital form of presenting the results of the calculation and analysis of the main parameters of the investment project in order to assess the feasibility and effectiveness of its implementation. The purpose and main tasks of the development and use of the financial model of the investment project, which consists in ensuring its functionality, accuracy and reliability of the calculations, coverage of all stages of implementation and the main indicators of the project, informativeness, as well as ease of use for the purpose of effective project management, are determined. The basic principles of model formation, which include integrity, systemicity, uniformity, transparency and consistency, are distinguished. The methodology and sources for forming the Book of assumptions and input data collection for building a financial model are described. Its structure and conditions, which form the level of validity and reliability of the results of calculations, are determined. The sequence of actions of project managers regarding the development, verification and use of the financial model in project financing is characterized. The system of indicators, which, in a generalized way, characterize the main results of the project implementation, its investment attractiveness, sustainability and economic efficiency, is defined. The factors of sensitivity of the investment project to the influence of external and internal shocks are described. The necessity of using a single methodology and unification of the financial indicators and calculation processes used in the construction of the financial model to optimize financial flows and improve project risk management is proved

scholarly journals Economic Efficiency of Establishing Russian Aircraft Repair and Maintenance Service Centers using Subsidized Project Financing

2020 ◽  
Vol 8 (5) ◽  
pp. 2312-2318
Keyword(s):  
Investment Project ◽  
Aviation Industry ◽  
Project Financing ◽  
Financial Model ◽  
Project Risk ◽  
Maintenance And Repair ◽  
Technical Maintenance ◽  
Maintenance Service ◽  
The Russian Federation ◽  
Project Risk Analysis

This study analyses the development of the aviation industry in Russia, based on the "Strategy for the Development of the Aviation Industry of the Russian Federation until 2030". Also, it examines the procedures for developing an investment project to create aviation service centers for after-sales maintenance and repair of aircraft, as well as the mechanisms for justifying the discount rate and methods for assessing the effectiveness of the investment project (risk analysis). Furthermore, this article sets and solves the task of developing and evaluating the efficiency of the investment project of creating an aircraft after-sale technical maintenance and repair center for Sukhoi Superjet 100 (SSJ 100). In order to solve these problems, the methods of financial and economic analysis, budgeting, economic and mathematical modelling were used. The result of the work is a financial model of the investment project for the creation of SSJ 100 aircraft after-sales service and repair center.

Using Technology Acceptance Model to Study Customers’ Perception Towards Green Banking

Think India ◽  
2019 ◽  
Vol 22 (3) ◽  
pp. 402-409
Author(s):  
Deepak Shrivastava ◽  
Apurva Shrivastava ◽  
Gyan Prakash
Keyword(s):  
Technology Acceptance ◽  
Technology Acceptance Model ◽  
Perceived Risk ◽  
New Technology ◽  
Banking System ◽  
Point Of View ◽  
Ease Of Use ◽  
Perceived Usefulness ◽  
Perceived Ease Of Use ◽  
Acceptance Model

Tech-friendliness in this new era is an important quotient considered and the persons’ acceptance towards the technology frequency matters a lot. But still the frequency varies from person to person, this brought in the concept of Technology Acceptance Model given by Fred Davis in 1989. The theory of TAM is based on two theories that are Theory of Reasoned Action and Theory of Planned Behavior, TAM is extended version of these two. Green Banking is a new technology introduced by the banks that focuses on the growth of Sustainable development and Banking system too. Thus, banks ask their customers to use it or practice it in their daily life transactions. But every customer has their own point of view on the usage of Green banking. Thus, the research aims to understand the customers’ perception towards the Green Banking for this TAM is used. The research states that Perceived risk is the primary factor that is followed by perceived usefulness and perceived ease of use that impacts the decision to use green banking. Thus, the behavioral intention results in actual use of green banking usage for which people are trying to accept the new technology. So, the banks have earned points for creating awareness among their customers but still they have to work hard and clarify their customers’ problems and vanish that hitch that is stopping them to use green banking easily.

An Empirical Study on the Adoption of E-Commerce in Pondicherry.

Think India ◽  
2019 ◽  
Vol 22 (2) ◽  
pp. 305-314
Author(s):  
Kishore Raaj Suresh
Keyword(s):  
Data Analysis ◽  
Design Methodology ◽  
Measurement Instrument ◽  
Ease Of Use ◽  
Perceived Usefulness ◽  
Perceived Ease Of Use ◽  
Validity And Reliability ◽  
Personal Cost ◽  
Perceived Security ◽  
Perceived Enjoyment

Purpose – This study investigates the consumer’s technology adoption toward electronic commerce. In addition to the variables perceived usefulness and perceived ease of use derived from TAM, the study included and tested factors like perceived security, perceived product value, personal cost, perceived enjoyment, perceived cost and perceived quality. Design/methodology/approach – A questionnaire was developed primarily based on the available scales in the already published literature. All model constructs requested participants to indicate their perceptions of Likert-style responses. The data analysis was executed using Smart PLS to test the validity and reliability of the measurement instrument.

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 Evidencias de Validez Diagnóstica de la Escala Detectaweb-Malestar

2020 ◽  
Vol 25 (3) ◽  
pp. 161
Author(s):  
José A. Piqueras ◽  
Mariola García-Olcina ◽  
María Rivera-Riquelme ◽  
David Pineda
Keyword(s):  
Children And Adolescents ◽  
Emotional Disorders ◽  
Depressive Disorders ◽  
Point Of View ◽  
Diagnostic Process ◽  
Diagnostic Validity ◽  
Validity And Reliability ◽  
Palabras Clave ◽  
Anxiety Depression ◽  
Distress Scale

Evidence of diagnostic validity of the DetectaWeb-Distress ScaleAbstract: The DetectaWeb-Distress Scale is a web-based scale for screening and detecting internalizing disorder symptoms (anxiety, depression, posttraumatic stress, obsessions and compulsions, and suicidality) in children and adolescents. Previous studies examined the validity and reliability of the scale, however, there are no data on its diagnostic validity. The objective of this study was to examine the evidence of diagnostic validity of the DetectaWeb-Distress scale in a sample of 244 children and adolescents from clinical (n = 51) and community (n = 193) settings, all of them with the diagnostic process completed. The results indicated that the DetectaWeb-Distress scale is a useful measure from a diagnostic point of view, as it discriminates between people with emotional disorders such as anxiety and depressive disorders and suicidality, and those without, presenting ROC values of approximately .80 and good sensitivity and specificity for detecting the main emotional disorders. The DetectaWeb-Distress Scale is a valid measure and diagnostically useful for detecting and identifying children and adolescents with anxiety disorders, depression and suicidality, with the advantage that it is a short measure, specifically developed for Internet use, especially relevant in the era of COVID-19.Keywords: DetectaWeb-Distress; assessment, anxiety, depression, children, adolescents.Evidencias de Validez Diagnóstica de la Escala Detectaweb-Malestar Resumen: La Escala DetectaWeb-Malestar es una escala de detección del malestar emocional a través de internet que evalúa síntomas de trastornos interiorizados (ansiedad, depresión, estrés postraumático, obsesiones y compulsiones y suicidalidad) en niños y adolescentes. Estudios anteriores han examinado la validez y fiabilidad de la escala, sin embargo, no cuenta con datos relativos a su validez diagnóstica. El objetivo de este estudio es examinar las evidencias de validez diagnóstica de la escala DetectaWeb-Malestar en una muestra de 244 niños y adolescentes procedentes de contextos clínico (n = 51) y comunitario (n = 193), todos con un proceso diagnóstico completado. Los resultados indicaron que la escala DetectaWeb-Malestar es una medida útil desde el punto de vista diagnóstico, ya que discrimina entre personas con trastornos de emocionales, como son los de ansiedad, depresión y suicidalidad y los que no lo padecen, presentando valores ROC en torno a .80 y adecuada sensibilidad y especificidad para detectar los principales trastornos emocionales. La escala DetectaWeb-Malestar es una medida válida y útil desde el punto de vista diagnóstico para detectar e identificar niños y adolescentes con problemas de ansiedad, depresión y suicidalidad, con la ventaja de que es una medida breve y desarrollada específicamente para su uso a través de Internet, especialmente relevante en la era de la COVID-19.Palabras clave: DetectaWeb-Malestar; evaluación; ansiedad; depresión; niños y adolescentes.

scholarly journals Bank Loan as a Source of Financing an Investment Project

2019 ◽  
Vol 5 (12) ◽  
pp. 292-297
Author(s):  
S. Belyaev
Keyword(s):  
Russian Federation ◽  
Investment Project ◽  
Bank Loan ◽  
Project Financing ◽  
Investment Projects ◽  
Bank Financing ◽  
Literary Sources ◽  
Fixed Assets ◽  
The Russian Federation

The purpose of this article is to consider a bank loan as a source of financing for investment projects. To achieve this goal, the following tasks were solved: the structure of investments in fixed assets in the Russian Federation by sources of financing was investigated; the forms of bank financing of investment projects are characterized, types of project financing are identified depending on the distribution of risks between the bank and the borrower. During the study, the following methods were used: a review of literary sources, comparison and grouping.

scholarly journals CURRENT ISSUES OF INVESTMENT PROJECT EVALUATION

2020 ◽  
Vol 30 (6) ◽  
pp. 792-798
Author(s):  
O.D. Golovina ◽  
O.A. Vorobyova
Keyword(s):  
Project Management ◽  
Performance Indicators ◽  
Selection Criteria ◽  
Investment Project ◽  
Project Performance ◽  
Project Managers ◽  
Decision Makers ◽  
Project Development ◽  
Strategic Development ◽  
Entire Complex

Evaluation of investment project performance indicators is one of the most important components of project management in any organization. It is carried out at every stage of project development and implementation, up to its completion. Due to the insufficient resources of companies to implement a set of projects, it is almost always necessary to select one or several projects from the entire complex. At the same time, one of the main selection criteria is the maximum compliance of the project with the company's strategic development vector. When calculating quantitative values that serve as a measure of evaluation for project selection, various kinds of inconsistencies and discrepancies between indicators often occur, which requires special attention from investors, project managers and other categories of decision-makers. The article discusses the main, fairly typical situations associated with the evaluation of real projects that arise in the practice of investment activities of companies.

scholarly journals DETERMINATION OF OPTIMAL FUNDING SOURCES FROM A SET OF ALTERNATIVES

2021 ◽  
pp. 55-63
Author(s):  
N. Koshevsky
Keyword(s):  
Capital Structure ◽  
Economic Efficiency ◽  
Investment Project ◽  
Point Of View ◽  
Practical Case ◽  
Baseline Scenario ◽  
Investment Projects ◽  
Funding Sources ◽  
Return On Capital ◽  
The Impact

The introduction provides a brief review of the literature on methods for assessing the effectiveness of investment projects, based on which the choice of optimal sources of financing is made. In the main part of the work, various scenarios for the implementation of an investment project are disclosed: sources of financing that are alternative to the baseline scenario are attracted. In the final part of the work, the considered scenarios are assessed and conclusions are drawn.For each enterprise, improving the financial and economic efficiency of its activities is one of the priority tasks. These tasks include the need to increase the return on capital, the choice of funding sources that have a positive effect on economic efficiency. This paper examines the ways of choosing the optimal, from the point of view of the impact on economic efficiency, instruments for financing an investment project. A practical case of project financing with an assessment of the effectiveness of the implementation of an investment project is considered. To analyze the alternatives, a financial business model was developed, which allows you to quickly make changes, update performance indicators and make decisions about the required capital structure. It is concluded that the optimal capital structure with the highest NPV indicator and that when assessing the efficiency parameters, it is necessary to make an adjustment for the possible presence in the company's capital structure of funding sources that distort the comparability of the project in relation to projects without such sources (for example, budget grants).

scholarly journals The investment project pipeline: cost escalation, lead time, success, failure and speed

2011 ◽  
Vol 36 (3) ◽  
pp. 317-348 ◽  
Author(s):  
Kenneth W Clements ◽  
Jiawei Si
Keyword(s):  
Lead Time ◽  
Choice Model ◽  
Investment Project ◽  
Regulatory Reform ◽  
Lead Times ◽  
Index Number ◽  
Investment Projects ◽  
Binary Choice Model ◽  
Investment Process ◽  
Planning And Construction

As they involve expectations about the future and long lead times for planning and construction, the evolution of investment projects is usually complex and volatile. This paper analyses an important aspect of this volatility by studying the nature of the investment process, from the initial bright idea to the final construction and operational phase of a project. We refer to this process as the ‘project pipeline’. Using a rich source of information on recent Australian resource development projects, an index-number approach is employed to measure the escalation of costs of projects in the pipeline and the time spent there (the lead time). The determinants of the probability of ultimate success of projects is analysed with a binary choice model. Finally, a Markov chain approach is used to model the transitions of projects from one stage in the pipeline to the next, and to examine the implications of regulatory reform that have the effect of speeding up the flow of projects.

Sign in / Sign up

Export Citation Format

Share Document