scholarly journals EXPLICATION OF THE INVESTMENT POLICY ESSENCE BY THE CASE OF METALLURGICAL SECTOR COMPLEX

2021 ◽  
Vol 31 (2) ◽  
pp. 204-214
Author(s):  
V.S. Vasiltsov ◽  
M.S. Nysh
Keyword(s):  
Capital Investment ◽  
Analytical Data ◽  
Exchange Rate Volatility ◽  
Metallurgical Industry ◽  
Investment Policy ◽  
Enterprise Management ◽  
Investment Activity ◽  
Investment Projects ◽  
Currency Exchange ◽  
Enterprise Investment

The article analyzes multiple definitions of enterprise investment policy. It reveals the scientists’ judgments on the essence of the enterprise investment policy and presents the term definitions integrated with the scientific approach, applying semantic-syntactic criteria in the ontological analysis methodology. In terms of the scientific approaches, suggested by the authors, the objectives of the industrial enterprise investment policy, methods for evaluating the investment policy in general, and the capital investment projects specifically are considered. The authors outline the main problematic issues that require further in-depth research. Differences in the objectives of the investment policy between the enterprises inside the branch, as well as factors of influence on institutional conditions of investment into the metallurgical industry are identified based on the analysis of the strategic profile of the national metallurgical companies and analytical data of the World Steel Association. The authors give the essential criteria of the investment activity efficiency in the field, among which are: fluctuation in world metal prices; the national currency exchange rate volatility; vertical integration in metallurgic enterprise management; oligopoly in the domestic metallurgical market. Approaches, proposed by the authors, are relevant both methodologically and practically, and encourage to further investigation of the enterprise investment policy and investment activity specifics in the metallurgical industry sector.

scholarly journals Investment projects and development of municipal and regional investment policy

2018 ◽  
pp. 63-67
Author(s):  
I. V. Bolganova
Keyword(s):  
Corporate Culture ◽  
Investment Policy ◽  
Rational Approach ◽  
Infrastructure Development ◽  
Investment Climate ◽  
Investment Activity ◽  
Climate Conditions ◽  
Investment Projects ◽  
The Social ◽  
Skilled Personnel

The article examines the relevant issues related to the investment projects, the creation of investment programs and to carrying out the investment policy on the municipal and regional levels. Any municipality has to solve a lot of problems concerning a decent level of economic and social development of the area and the life standard of their residents. In conditions of the constant shortage of financial resources needed to solve the objectives, the investment policy becomes the major tool. Its main aim is not only to attract extra resources but also to distribute them properly. It requires both some certain legal conditions which allow correct evaluation of the social and economic situation in the municipalities, investment climate, conditions for the investment activities infrastructure development and the properly developed business, investment and corporate culture of the population.For most of the Russian territories the problem of attracting investments into the real production sector remains urgent. The solution of this problem requires rational approach to the determination and selection of the most appropriate investment directions and the evaluation of the perspective investment projects development – suggestions and activities aimed at the achievement of the particular economic, social, ecological and other objectives requiring capital funds.The relevance of the examined problem leads to another important issue connected with the training of a highly skilled personnel capable of giving proper evaluation of the political situation in the country, specific features of tax policy, microeconomic indexes of the certain area and other factors essential for the investment activity.

scholarly journals INFLUENCE OF INVESTMENT ACTIVITY ON INDICATORS OF ENTERPRISE DEVELOPMENT

2021 ◽  
Author(s):  
Olexandr Pankov ◽  
Keyword(s):  
Impact Analysis ◽  
Enterprise Management ◽  
Investment Efficiency ◽  
Economic Competition ◽  
Absolute Size ◽  
Investment Activity ◽  
Investment Projects ◽  
Goods And Services ◽  
Enterprise Management System ◽  
The Impact

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.

scholarly journals Effectiveness of the EBRD Strategies in the Eurasian Economic Union Countries

2019 ◽  
Vol 8 (3) ◽  
pp. 716-721
Keyword(s):  
Capital Investment ◽  
Point Of View ◽  
Green Economy ◽  
Investment Activity ◽  
Economic Space ◽  
Investment Projects ◽  
European Bank ◽  
Political Opportunities ◽  
Stage Of Development ◽  
Banking Institutions

The given research is devoted to studying the experience of the European Bank for Reconstruction and Development (the EBRD) in term of developing a roadmap of its strategic plan in the countries of the Eurasian Economic Space. The aim of the article is to consider the results the EBRD investment activity in the Republics of Armenia, Belarus, Kazakhstan, Kyrgyzstan, Tajikistan and in the Russian Federation, to indentify the specific nature of the bank financing strategies of projects in each particular country. The objectives of the article are to consider the investment projects in the EAEU countries from the content point of view, to compare them in terms of implementation conditions, duration, capital investment and volumes of financing, to analyze the effectiveness of ongoing projects, to identify ineffective activities in order to adjust the EBRD strategic plans. Methodology. The research is carried out within the institutional approach, the theory of collective action and the concept of political opportunities. Results. The EBRD projects are categorized in terms of bank activities, a comparative analysis of projects of the same type in the countries of the Eurasian Economic Space was conducted. Conclusion. Studying the experience of the European Bank for Reconstruction and Development in the field of investment projects that implement the Bank’s strategies for the development of "green economy", energy conservation, quality of corporate governance and road infrastructure shows that the scope of activity of traditional banking institutions and their interests are expanding to global institutional projects taking into account the objective circumstances of the modern stage of development of the countries of operations.

scholarly journals INNOVATIVE INVESTMENT POLICY OF ENTERPRISES IN THE CONTEXT OF DIGITALIZATION

2021 ◽  
Author(s):  
Natalia Chernikova
Keyword(s):  
Digital Literacy ◽  
Social Economic ◽  
Developed Countries ◽  
Digital Transformation ◽  
Investment Policy ◽  
Innovation Activity ◽  
Economic Activities ◽  
Investment Activity ◽  
Investment Projects ◽  
The Developed Countries

The investigation has defined the relevance of the topic which lays in the need of studying of questions related to the innovative investment policy of enterprises in conditions of digitalization as well were identified not enough studied aspects in this direction. The article presents features of innovation and investment policy of enterprises in the context of digital transformation in the country. Such features are related to the development of digital infrastructure, digital literacy of the population, the degree of state involvement in these processes, and the expected social, economic, technological and environmental effects. Was studied the experience of the developed countries on this issue and considered the possibility of applying some innovative investment models in domestic practice. Was Performed an analysis of innovation and investment activities in terms of economic activities and region, which indicates a low level of innovation activity and investment attractiveness. At the same time, the data of the official statistics testify that in the first place of the direction of investment in innovations are the expenses for procurement of machines, equipment, and software. However, in recent years there has been an increase in investment in the IT sector. Was performed grouping of development endeavors by volume of investment was carried out, which showed that most investments are directed to the development of blockchain technologies, artificial intelligence, and robotics. Was studied innovative investment activity in the IT sector and identified the effects of such activities of enterprises in terms of social, economic, technological, and environmental transformations, as well as conditions that procure them. Conclusions were made about the need for active participation of the state in the development and implementation of innovative investment policy for enterprises. Proposed measures to support the implementation of innovative investment projects that will accelerate the digital transformation of advanced technologies in the activities of domestic enterprises, etc.

Tax incentives of China’s investments in Zabaykalsky Krai: implementation of behavioral economic models

2020 ◽  
pp. 69-84
Author(s):  
Evgeniya Mikhailovna Popova ◽  
Irina Vitalevna Mezentseva
Keyword(s):  
Behavioral Economics ◽  
Tax Incentives ◽  
Human Mind ◽  
Investment Climate ◽  
Investment Activity ◽  
Investment Projects ◽  
Tax Incentive ◽  
Regional Budget ◽  
Subjective Aspect ◽  
Investment Process

Currently, the Russian regions apply a vast array of tools for regulating the investment process, including tax incentives. Active use of tax preferences is dictated by the fact that in the conditions of regional budget deficit, tax incentives, unlike subsidies, do not require direct budget expenditures for stimulating investment activity. However, the world experience demonstrates that tax incentives do not fall under the group of factors that strongly affect investment decisions. For determining the degree of preference of tax incentives in relation to other measures of regional support, a survey was carried among Chinese investors, who implement investment projects on the territory of Zabaykalsky Krai. The survey was based on a method of hierarchical analysis based on the special matrices by filed in by the investors. The acquired results displayed that out of ten measures of state support, tax incentives hold the eighth place. The calculated coefficient of the significance of tax incentives testifies to the low attractiveness of fiscal stimuli for the Chinese investors. The authora attempted to find the reasons for tax incentive not being in demand. The scientific novelty of this work consists in conducting the analysis of regional legislation that regulates the order of granting investment tax incentives based on the concept of behavioral economics. In the course of application of the provisions of behavioral economics, emphasis was made on the subjective aspect of the mechanism of preferential taxation. The reasonableness of considering such peculiarities of human mind as cognitive inertia and relativity is substantiated with regards to arranging the structure of tax incentives that would allow increasing the importance of tax incentives in formation of investment climate on the territory of Zabaykalsky Krai. The authors make recommendations on increasing the attractiveness of tax incentives among Chinese investors based on the concept of reference point and the effect of loss aversion.

Real options in business valuation and investment

2018 ◽  
Author(s):  
Андрей Гусев ◽  
Andrey Gusev
Keyword(s):  
Graduate Students ◽  
Real Options ◽  
Scientific Publication ◽  
Investment Analysis ◽  
Investment Activity ◽  
Business Valuation ◽  
Investment Projects ◽  
University Teachers ◽  
Specific Calculations

In the presented monograph discusses the major problems associated with the development of methods of investment analysis and application of real options method in the assessment of efficiency of investment projects and valuation of enterprise (business). Disclosed the content of the basic models of evaluation of real options, a classification of real options, the theoretical principles supported by specific calculations. Scientific publication intended for graduate students, University teachers, scientific employees, specializing in the field of management of investment activity of enterprises and business valuation.

Recommendations for deploying multidimensio

2017 ◽  
Vol 11 (1) ◽  
pp. 68-80
Author(s):  
E. E. Akimkina
Keyword(s):  
Comparative Analysis ◽  
Management System ◽  
Analytical Data ◽  
Enterprise Management ◽  
Multidimensional Data ◽  
Dimensional Approach ◽  
Process Data ◽  
Modeling Systems ◽  
Enterprise Management System ◽  
Practical Recommendations

A comparative analysis of different approaches to analytical data and shows that the most ample opportunities has a multi-dimensional approach, implemented with the help of OLAP technology. Presented multidimensional OLAP-cube model with the measurements for the analysis and processing of process data. Practical recommendations for the deployment of a multidimensional data modeling systems with regard to their integration into existing enterprise management system.

Environmentally and Socially Oriented Investments on Sustainable Development of Rural Areas

2021 ◽  
Vol 12 (2) ◽  
pp. 321
Author(s):  
Valentyna ARANCHIY ◽  
Oleksii ZORIA ◽  
Ilona YASNOLOB ◽  
Svitlana ZORYA ◽  
Oleg GORB ◽  
...  
Keyword(s):  
Sustainable Development ◽  
Rural Development ◽  
Rural Areas ◽  
Investment Policy ◽  
Sustainable Rural Development ◽  
Economic Mechanism ◽  
Investment Projects ◽  
Ecological Aspects ◽  
Block Scheme ◽  
Investment Process

Theoretical, methodological, scientific, methodical and applied principles of managing environmentally and socially oriented investments in sustainable development of rural areas have been developed and substantiated in the article. The model of investment process of ecologically and socially oriented economy has been developed. The analysis of corresponding existing models of investment process enabled to specify the management model, which corresponds to the environmentally and socially oriented economics. The block scheme of the system of analyzing and evaluating the efficiency of investment processes of sustainable rural development has been made. The determined methodological provisions and specified concepts enabled to ground the system of complex analyzing and assessing the effectiveness of investment processes in sustainable development of rural areas, including the evaluation of economic, social and environmental efficiency of investment projects. The mechanism of sustainable rural development, comprising consolidated elements and connections, has been grounded. The ecological aspects of investment policy as a component of the economic mechanism of sustainable rural development have been systematized. It has been determined that attracting investments in environmentally and socially oriented investment projects and programs has to be based on strengthening the ecological aspects of investment policy as part of stimulating sub-system of the economic mechanism of sustainable rural development.

İssues of assessing the investment climate in Azerbaijan

2021 ◽  
Vol 15 (3) ◽  
pp. 94-96
Author(s):  
Aysel Rövşən qızı Baxşəliyeva ◽  
Keyword(s):  
Key Words ◽  
Energy Security ◽  
Economic Assessment ◽  
Investment Policy ◽  
Financial Resources ◽  
Investment Climate ◽  
Investment Activity ◽  
Foreign Countries ◽  
The World

Our country, which is constantly developing economically and carrying out political reforms in parallel, thereby achieving a further increase in its international prestige. One of the important factors contributing to the regular strengthening of Azerbaijan's position in the international arena is the growing role of our country in the field of energy security, as well as its active investment policy. At present, our country is becoming one of the most advanced potential investors in the world. The number of foreign countries expecting to invest in Azerbaijan is constantly growing. Azerbaijan, which has great financial resources, has been investing in various foreign countries in recent years, provided that its interests are ensured. Key words: investment activity, economic assessment, dynamic indicators, economic indicators

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