Accounting and analytical support for investment attractiveness evaluation of high-growth companies

Abstract

Subject. The article addresses analytical support for assessing the investment attractiveness of fast-growing companies as a driver of economic growth of the national economy. Objectives. The purpose is to identify optimal investment objects among fast-growing companies through the tools of economic analysis. Methods. The study employs general scientific methods of research, like analysis, comparison, interpretation, and economic and statistical methods. Results. The paper defines the concept of a "fast-growing company", considers the evolution of this economic phenomenon and key works of domestic and foreign scientists that popularized the term, underpins the importance of fast-growing companies for increasing the economic growth rates of an individual State. We reviewed the key challenges faced by fast-growing companies in conditions of global economic uncertainty caused by political instability, described the tools used by advanced companies to mitigate economic risks within their adaptive development strategy. In the context of the analysis of investment attractiveness, we focused on the dynamics of three groups of indicators: profitability, financial stability and efficiency. Conclusions. Based on analyzed coefficients, we conclude that there are certain internal difficulties in some fast-growing companies, which reduce their investment appeal. The assigned rating of a fast-growing company does not always imply the most profitable and efficient business model. To determine the investment attractiveness of companies, additional research would be needed.