Efficiency Of Investment Activity Research Articles

Efficiency of investment activity in the dairy subcomplex

The article presents the results related to the evaluation of the effectiveness of investment activities in the dairy subcomplex. It is established that investments are an important component of the economic development of the dairy subcomplex, the effectiveness of which depends on a set of factors of the macro- and microeconomic environment, its organizational and economic characteristics, the investment strategy of enterprises, objects and sources of investment, the period for which capital is invested, the certainty of its future effect and the associated risk level. It was found out that in the conditions of low competitiveness of dairy subcomplex enterprises, there is a need to use effective investment projects, which significantly strengthened the role of investment efficiency analysis as a tool within which it is possible to justify, evaluate and select priority investment projects. It is determined that the task of analyzing the effectiveness of investments is the calculation of profits and cash flows, the assessment of their effectiveness, the identification of the influence of uncertainty factors on their profitability, the selection of optimal investment projects. It is advisable to organize the analysis of the effectiveness of investments in the following areas: the definition of subjects and objects of analysis; the choice of organizational forms of analysis, depending on the organizational structure and the distribution of responsibilities between individual performers; the preparation of the analysis program and its information support; analytical data processing, design and generalization of the analysis results. The proposed methodological approach to the analysis of investment efficiency takes into account the conditions of an unstable market environment (variable macroeconomic conditions, insufficient supply of dairy raw materials, uncertainty about wholesale purchase and sale prices), makes it possible to determine the effectiveness of investments, conduct risk analysis by simulation and predict data for risk analysis using regression methods.

Current state and ways to improve the efficiency of investment activities of domestic banks

Subject of research is the current state of activity of domestic banks of Ukraine and ways of their effective investment activities. The purpose of the article is to study and characterize the ways of effective management of the bank's investment strategy. Methods used in the research process: method of system-structural analysis and synthesis, method of comparative analysis, generalization, general science, special methods of scientific knowledge and other research methods. Study results. Credit institutions in world practice are a significant segment of the investment market and play a significant role in this process. One of the components of effective management of a modern banking institution is the implementation of effective investment activities, which requires the selection of an effective investment strategy. The imbalance of domestic banking processes, as shown by domestic and international practice, is often the main prerequisite for the development of a crisis situation in an individual bank, is a threat to the stable development of the banking sector as a whole. One of the main problems in the functioning of domestic commercial banks is the instability of the economic situation in the country, namely declining GDP growth, inflation and devaluation of the national currency, which in turn led to the outflow of bank deposits, bankruptcy of many commercial banks in Ukraine. Covid-19. Over the past year, Ukrainian commercial banks have allocated about 17% of total bank assets to invest in securities. For many years, there has been a negative decline in the share of the banking sector in investing in securities, but there has been an increase in total assets of banks in Ukraine. In addition, the positive point is the increase in the share of investments in securities in the total assets of banks over the past two years, namely from 13.97% in 2020 to 16.88% in 2021. The strategy of the bank's investment activity is an integral interconnected structured complex (system) of consecutive actions (balanced management decisions) under resource constraints, which is aimed at forming long-term effective investment activities of the bank, strengthening the bank's competitive position in the investment market. Application of results. The results of the study can be used in the activities of the Ministry of Finance of Ukraine, the Verkhovna Rada of Ukraine, the National Commission on Securities and Stock Market, in the activities of banking institutions, as well as in higher education institutions in teaching economic disciplines. Conclusions. Thus, there is an extremely high degree of risk in the activities of commercial banks, and managerial errors can lead to the most serious consequences - so effective management for commercial banks becomes especially important. However, the key components of the theory of banking management are still poorly implemented in the practice of most domestic commercial banks. This also applies to the aspect of this theory, which is related to the management of the investment banking portfolio. Thus, the adaptation of the theory of investment portfolio management of commercial banks to the specifics of the Ukrainian economy is an unalterable necessity.

Analytical assessment of efficiency parameters of investment processes in the national economy of the region

The stability and efficiency of economic processes in modern Russia should be based on active support and development of the investment direction in the development, technical and technological renewal and digital transformation of all spheres of activity. The transition from a raw material orientation of production to a high-precision one should change the structure of GDP and NI, increase the share of foreign exchange earnings from the sale of high-tech equipment. Considering the budgetary type of the country’s financial system, the state must participate actively in the investment process. The pace and scale of investment activity in recent years have been negatively impacted by economic crises, sanctions from the EU and the United States, the COVID-19 pandemic, drawing off significant financial resources for social support of the population and the fight against the pandemic. An analysis of the investment situation in the country and regions indicates structural shifts in sources of financing and lending for investments, as well as some attenuation and decrease in the efficiency of investment activities. It is proposed to assess the efficiency of investment costs using the coefficient (indicator) of the return on investment (Ii), which is determined by the ratio of the growth of the gross regional product (GRP) for a certain period to indicators of the growth in the value of fixed assets (F) and the size of investments in fixed assets (C).

Phases and workup order of pre-investment stage of projects in metallurgy by the example of OJSC “BMZ - managing company of holding “BMK”

Preparation, organization and managing by investment projects are efficient mechanism of increasing efficiency of investment activity of an enterprise. OJSC “BMZ - managing company of holding “BMK” accumulated practical experience on preinvestment workup in the sphere of implementation of investment projects in the industry. It was noted that before the industrial production of a new for an enterprise products, it is necessary to pass a unique way from the project idea to the implementation of equipment, division, shop or creation of a new plant at all, using definite knowledge, methodology and instruments of managing by the projects. Theoretical fundamentals were presented to accomplish a pre-investment workup on a project, as well as requirements of legislation of Republic of Belarus' to the content and order of work on pre-investment stage of a project, phases and order of development of the pre-project (pre-investment) documentation for projects in the industry by the example of OJSC “BMZ - managing company of holding “BMK”.

Efficiency of investment activities of insurance companies in the framework of state investment policy

The article defines the essence of the investment activities of insurance companies. The peculiarities of the investment activity of insurance companies. Substantiates the basic problems of investment activity of insurance companies and offered possible solutions. The contribution of the insurance sector in the formation of investment resources. Directions of perfection of state regulation of investment activity of insurance companies in Russia.

Offer of methods for minimizing key investment risks of “R-Pharm” JSC

The article is devoted to the assessment of potential investment risks of the pharmaceutical company “R-Pharm” JSC with the aim of identifying the highest priority risks and developing methods for minimizing them. The relevance of the study is determined by the fact that the pharmaceutical business is characterized by a high degree of social orientation and annually invests $ 140 billion in the development of production and research, which determines the need for a risk-based approach to ensure the return on investment. The subject of this article is the investment risks of pharmaceutical companies, and the subject of research is the domestic pharmaceutical company “R-Pharm”. In order to assess the potential investment risks of “R-Pharm” JSC, the authors used elements of simulation modeling and system analysis. The proposed methods to minimize key investment risks are aimed at improving the efficiency of investment activities and is recommended as an element of the strategic planning of the company.

Diagnosis of the perspective condition of the investment activity of the cargo auto-operating enterprises

The object of research is the investment activity of cargo auto-operating enterprises. Investment activity is a generalizing characteristic of the state of investment activity, which is determined by its size and efficiency within the existing financial potential of an economic entity. Indicators of the state and efficiency of investment activity characterize the current state of investment activity, and financial potential – its prospective state. Therefore, a system of private indicators was used to diagnose the prospective state of the investment activity of cargo auto-operating enterprises, covering an assessment of the financial possibilities for raising its level. This system covers the assessment of own and attracted sources of financing investment expenses. In particular, to assess the direction of using own sources of financing investment activities, an algorithm for estimating the targeted use of hoarding profits and depreciation deductions are used. The results of the evaluation of the possibilities of increasing the investment activity of the enterprise show their considerable limitations. An assessment of the use of own sources of financing shows that, on average, only 30 % of profitable cargo auto-exploitation enterprises of the hoarding profit and depreciation charges are used for their intended purpose. At the same time, 24 % of the enterprises studied internal sources of financing investment expenditures are fully used for no purpose – to meet the additional requirements of operating activities. A low level of attraction of borrowed sources of financing is noted – only 20 % of the entire set of enterprises used loan funds. This is due to low values of current liquidity ratio and operating profitability of assets. The value of the first indicator, although it indicates the provision of loans with current assets, however, remains below the standard. The level of operational profitability does not exceed the interest on bank loans, which makes it impossible to pay them. Consequently, the assessment of the future state of investment activity of cargo auto-operating enterprises indicates the limitations of their own and attracted sources of financing investment expenditures, hinders the economic development of these economic entities. This requires a review of their investment strategy.

Структурный анализ инвестиций в основной капитал и направления повышения эффективности инвестиционной деятельности в Орловской области

Инвестиции являются одним из основных факторов, определяющих социально-экономическое развитие регионов и экономический рост страны в целом. От объема инвестиций напрямую зависят скорость и эффективность процесса воспроизводства основных средств, уровень производительности труда и конечные финансовые результаты организации. Проанализирована динамика и структура инвестиций в основной капитал, сформулированы направления повышения эффективности инвестиционной деятельности в Орловской области. В частности, представлены технологическая структура инвестиций, видовая структура, структура инвестиций в основной капитал по источникам финансирования. На основе детального анализа структуры инвестиций обоснованы направления повышения эффективности инвестиционной деятельности в регионе, такие как применение мер налоговой поддержки инвесторов и инвестиционного налогового кредита, использование в инвестиционном процессе механизма финансового и инновационного лизинга, создание собственных инвестиционных ресурсов за счет прибыли и амортизационных отчислений, совершенствование методики учета и аудита инновационно-инвестиционной деятельности. Теоретическая и практическая значимость выполненного исследования заключаются в том, что на основе структурного анализа инвестиций выявлены факторы, влияющие на инвестиционный процесс в регионе, которые позволяют определить направления активизации инвестиционной деятельности и повысить эффективность инвестиционной политики региона.

Determining the efficiency of investment activity of industrial holding enterprises

The article estimates the efficiency of investment activity of industrial holding enterprises. The ways to increase the efficiency of investment activity at the state and regional levels are developed. The basic methods of regulation of investment processes, the priority directions of use of state and non-state financing sources are determined. Investments contribute to the upgrade of obsolescent and deprecated equipment, modernization of technological processes of production, the application of the latest technologies and knowledge that ultimately leads to increase in the competitiveness of products, enterprise, its profits from production activities and the improvement of financial condition. The priority purpose of investment activity is to satisfy the participants’ interests to the fullest extent. Therefore, the qualitative characteristic of the investment efficiency is to obtain the highest level of efficiency. The in-depth study of the essence of the investment activity effectiveness of industrial enterprises is carried out; management instrument, which gives the opportunity to increase the investors’ motivation and to raise the level of manageability of the results and the efficiency of investment activity of industrial holding enterprises, is improved. There is a problem of choice for investing in industrial enterprises with the best prospects of development and which will be able to ensure the high efficiency of invested capital. The main factors hindering the processes of the investment activity are summarized. The priority tasks for the reform of administrative mechanisms at the enterprise level are identified. According to the results of the study, it is possible to conclude that each industrial enterprise should invest actively for the successful and efficient functioning and reflect its investment attractiveness

Problems of forming of productive potentialof regional AIC

The current state and ways of updating the material and technical base of agriculture in the Saratov region are analyzed. The conducted researches proved expediency and efficiency of investment activity. Together with this they also revealed a number of problems facing the agrarians. And, first of all, it is a lack of own funds and expensive banking services for the formation and development of the infrastructure of the agro-food market. A decisive role in the development of the economy of the agribusiness sector should be assumed by the state institutions of power. The implementation of investment projects on co-financing terms will help to increase production and innovation potential, increase the competitive positions of agricultural producers.

The Issues Regarding the Refinement of Effective Management of the Company

Despite of the active participation of our country in the condition of globalization, a lot of problemsstill exist. The essential role for solving the given problems is granted to the audit. For making the right decisions,governmental agencies as well as economic entities should possess the complete and accurate information. Since the areaof economic activity overshoots country’s borders and the local legislation, international legislation as well as legislation ofthe country, in which business relationships are carried, should be taken under consideration. The process of audit of suchtype of operations is quite complex and lengthy process. Thus, audit should be carried out by highly qualified specialists.The effective management of the company that is a precondition for economic growth and sustainability is dependenton the reports prepared by auditors. The goal of the research is to analyze and evaluate the current state of regulatingthe financial statements of auditing in Georgia, identifying the priorities of regulating the accounting and auditingspheres. In this work are described in detail the aim of Internal Audit, functions, obligations, its hierarchical structure,audit process on its own and its main parts: planning, distance monitoring, conclution of act, issued recommendations,and its inspection. The work reveals that the information obtained by the internal auditors should be transparent andadequate. In this work are also shown innovation attitudes and methods, which are new in Georgian companies and arebeing implemented in Internal Audit. Very soon the programs will become very progressive and many big companies willnot be able to work without it. The research is the prospect of improvement of accounting and audit national system,combined with organizational-legal and financial relations established in the management of the budgetary resources ofthe country and targeted use of state property. The objective of the research is the state financial control and non-statesector in Georgia: development of reform in accounting regulation and auditing regulation, education and certification ofaccountants (auditors), efficiency of investment activities, and valuation of business valuation .

EFFECTIVENESS OF THE INVESTMENT ACTIVITY OF COMMUNES OF THE LUBLIN PROVINCE IN THE CONTEXT OF THE DEVELOPMENT OF RURAL AREAS

The aim of the study was to assess the efficiency of investment activity in the communes of Lubelskie province compared to the others in Poland. The inputs and effects of investment activity of rural and urban-rural communes in 2011-2014 were compared. The study used a nonparametric method of technical efficiency Data Envelopment Analysis (DEA). The ranking of investment activity for communes were made based of the calculated average for indicators of efficiency. First place received two provinces: Lubelskie and Mazowieckie. Rural and urban-rural communes of this provinces were fully effective throughout the considered period. They represent a model of efficient use of resources for investment activity.

Methodological Approaches to Investment Management at Small Businesses

Background/Objectives: The article deals with theoretical and methodological aspects of estimation of efficiency of innovation investment management at small businesses. Methods/Statistical Analysis: We have defined the essence of social and economic efficiency of innovative activity at small innovative business entities. We have also defined peculiarities of estimation of efficiency of own capital and borrowed capital, and dependence of estimation of investment efficiency on the type of innovation it is injected in. Findings: Study of management of investment processes at small business entities from the point of view of estimation of innovation investments revealed following: 1. From the point of view of a small company it is possible to talk about investment efficiency as well as about efficiency of investment management. At this, social and economic efficiency of investment activity of a small entity is significantly wider then positive indicators of monetary flows, as it assumes establishment of new enterprises and jobs, engagement of entrepreneurs into investment activity, increase of general level on investment activity of all business units. 2. Efficiency of participation of own capital in the project and borrowed capital can be different – this should be taken into account upon forecasting of parameters of innovation investments at a small business entity. 3. From the point of view of innovation investment management, management innovations are crucial, as all the other innovations are associated with them. Efficiency of management of investments into each innovation depends on the structure of innovation investment and share of investment into management innovations. Applications/Improvements: May be applicable in order to increase efficiency of decisions on management of innovation investments.

EFFECTIVE INVESTMENT ACTIVITY OF AGRICULTURAL ENTERPRISES AS INSTRUMENT OF PROVIDING FOOD SECURITY OF THE COUNTRY

There is a problem of development of import substitution and strengthening of food security which solution is impossible without modern and innovative means of agriculture. In this regard the investment activity necessary for ensuring reproduction processes has the main significance. The question of instruments promoting high efficiency of investment processes of agricultural enterprises is still not solved. The aim of the research is development of theoretical issues, methodical and practical recommendations about increasing the efficiency of investment activity of agricultural enterprises. Conducting the research the concept “efficiency of investment activity of agricultural enterprises” is specified and the technique of its assessment is investigated. This approbation on various levels of national economy (for the Nizhny Novgorod Region, the Volga Federal District of Russian Federation) has shown that further activization of investment processes on the basis of improvement of state mechanism of investment regulation is necessary. However, enhancement of investment activity management at the enterprises is also required. By means of the developed methodical approach the optimum level of investment security which achievement by rational distribution of state support measures will, finally, promote growth of a gross agricultural product. Practical recommendations about establishment of regulatiпg principles of investment activity directed to its increase are offered.

THE SYSTEM INTEGRATED ASSESSMENT OF ECONOMIC CONDITIONS AND LEVEL OF DEVELOPMENT OF INNOVATIVE ENTERPRISES

The paper presents an integrated assessment of economic conditions and the level of innovative development, which includes the calculation of the six groups of integrated indicators of the financial position of the organization, the internal resource capabilities, efficiency of investment activity, the viability and efficiency of the enterprise innovation, as well as the level sustainability innovation. Provides a method of dividing the organization into classes sustainability of economic status and level of innovation.

State Regulation of Investment Activities in Russian Mechanical Engineering

The article is devoted to state regulation of investment activities in Russian mechanical engineering. The author analyzes the dynamics of performance indicators and the role of investment in their increase. The article defines main areas of state regulation of investment processes and validates practical measures to raise the efficiency of investment activities based on the improvement of the investment climate and increase the investment attractiveness of industries for different groups of investors.

Risk factors for stakeholders in renewable energy investments

Modern economic development is based on innovative ideas and new investments. The better resources are deployed in investment projects, the higher the level of innovation and return for the society. On the other hand, both the efficiency of investment activities and the pace of economic growth are, to a great extent, conditioned by the quality of the system of selecting investment projects, which correspond to the existing and changing circumstances of economic functioning. The paper aims to identify and assess risk factors for renewable energy investment projects from stakeholders’ perspective. To achieve this objective, the risk analysis methods were examined and factors affecting the investment risk of renewable energy sources and their types were identified and analysed from the point of view of the public sector, funder and investor. The qualitative expert assessment method was used to evaluate the risk factors.