scholarly journals Determinants of the Innovative and Investment Development of Agriculture

2021 ◽  
Vol 9 (4) ◽  
pp. 81-100
Author(s):  
Natalia V. Trusova ◽  
Oksana V. Hryvkivska ◽  
Nataliia M. Kotvytska ◽  
Svitlana A. Nesterenko ◽  
Tetiana I. Yavorska ◽  
...  
Keyword(s):  
Agricultural Development ◽  
Systematic Approach ◽  
Methodological Approach ◽  
Animal Husbandry ◽  
Scientific Development ◽  
Investment Activity ◽  
Investment Projects ◽  
Intersectoral Cooperation ◽  
Scientific Organizations ◽  
Additional Value

The article considers the conditions for the formation of determinants of innovative-investment development of agriculture. A systematic approach to the development of agriculture in a single integration space of intersectoral cooperation and state support through the introduction of effective innovative and investment determinants, which form the criteria of investment attractiveness of economic entities and provide conditions for innovation in production and technological process, is implemented. The levels of innovative and investment development of agriculture are structured. Determinants of innovative and investment development of agriculture and indicators of its estimation are offered. A comprehensive methodological approach to financing innovative and investment projects with state guarantees to potential investors to obtain additional value from the introduction of scientific development in the technological cycle of agricultural production, taking into account economic, social, budgetary, environmental, resource, intellectual, scientific and technical components of innovative and investment processes proposed. It is recommended to evaluate the effectiveness of the introduction of innovations in agriculture by an integrated indicator with the ratio of effects (results) and costs by certain components. Scientific organizations by sectors of activity, which include development in innovative and investment development of agriculture of Ukraine, are analysed. An assessment of innovative and investment activity of Ukrainian producers with the distribution of the average number of employees in agriculture is carried out. The share of expenditures on research and development on agricultural development in the gross domestic product (GDP) of EU-28 countries and Ukraine is determined. The calculation of priority factors of external and internal environment of influence on the efficiency of innovative and investment development of the animal husbandry industry is carried out. The forecast values of functional risks and the level of efficiency of innovative and investment development of the animal husbandry industry of Ukraine are determined.

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 THE ESSENCE OF INVESTMENT POLICY, ITS ROLE AND PLACE IN THE SYSTEM OF INVESTMENT ACTIVITY

2021 ◽  
Vol 2 (5(69)) ◽  
pp. 9-17
Author(s):  
O. Nechyporuk
Keyword(s):  
Morphological Analysis ◽  
Systematic Approach ◽  
Public Investment ◽  
Methodological Approach ◽  
Investment Policy ◽  
Mechanism Of Formation ◽  
Investment Activity ◽  
Definition Of ◽  
Improved Model ◽  
Public Investment Policy

The article investigates the essence of investment policy, morphological analysis of the definition of "public investment policy". The study determined that the state's investment policy should be considered from the standpoint of a systematic approach. Following the position of the system approach, it was proposed to apply an improved model of investment policy concept formation and the place of investment policy in the economic policy of the state was determined. Also, based on the application of the methodological approach, the components of the mechanism of formation and implementation of investment policy were identified and presented in the form of a diagram.

scholarly journals Investing in road construction infrastructure projects under public-private partnership in the form of concession

2021 ◽  
pp. 184-192
Author(s):  
O Tsimoshynska ◽  
M Koval ◽  
H Kryshtal ◽  
L Filipishyna ◽  
W.E Arsawan ◽  
...  
Keyword(s):  
Quality Function Deployment ◽  
Methodological Approach ◽  
Road Construction ◽  
Public Private Partnership ◽  
Operation Condition ◽  
Investment Activity ◽  
Private Partnership ◽  
Quality Function ◽  
Investment Projects ◽  
Road Development

Purpose. To substantiate an approach to road development investment management in Ukraine in compliance with the principle of syncretism and the use of Quality Function Deployment methodology, to improve the methodological approach to calculating the concession fee for brown-field and green-field road concession projects. Methodology. The study used a set of general and special methods of cognition: the Quality Function Deployment (QFD) method, the environmental approach, multimodal analysis, Decoupling Index, Decoupling Factor, logical generalization, quantitative and qualitative comparison, scientific abstraction and systematization. Findings. According to the results of research on interrelation of cost of an investment project and volumes of works by their types, an economic-mathematical model of estimation of need for investments in projects for construction, reconstruction, repair and maintenance of public motor roads is offered. The proposed model, unlike the existing ones, is based on lateral understanding of the clarity of delineation of capital needs by type of road construction, which will provide taking management decisions on investment projects with model and information tools that will help obtain the most realistic assessment of need for capital needed to improve the transport operation condition of motor roads in Ukraine. Originality. The organizational-economic mechanism of management of investment activity of road economy and the estimation of efficiency of co-financing investment projects under programs on construction, reconstruction, repair and maintenance of motor roads is advanced. The diagnostics of efficiency of investment of construction of public motor roads under public-private partnership in the form of concession is improved. Practical value. The results of the study can be used in the activities of road industry of Ukraine for the development and implementation of investment projects under motor road development programs.

Improving the financial investment system as an object of business economics

2020 ◽  
Vol 26 (3) ◽  
pp. 508-526
Author(s):  
O.T. Astanakulov ◽  
E.G. Sheina
Keyword(s):  
Deductive Reasoning ◽  
Methodological Approach ◽  
Investment Project ◽  
Assessment Method ◽  
Expert Assessment ◽  
Business Economics ◽  
Financial Investment ◽  
Economic Relations ◽  
Investment Projects ◽  
Investment Control

Subject. This article explores the economic relations of economic entities concerning effective investment activities, combining elements of investment control and assessment of related risk. Objectives. The article aims to analyze and logically substantiate the stages and types of investment activities of enterprises and investment projects in-progress, as well as define a methodological approach to assessing project risks. Methods. For the study, we used a structural and logical analysis, and deductive reasoning. The methodological base of the study is based on the principles of the theory of finance, investment and risk management. Results. The article defines stages of assessing the financial condition of enterprises and proposes a methodological approach to assessing certain risks of an investment project based on the risk ranking by degree of probability and significance of an event through applying the expert assessment method. The article also presents a practice-oriented risk map for investment projects and clarifies the concept of Investment Control. Conclusions. The results of the study can help address the significant for the Russian economy issue of stimulating and developing investment activities at enterprises, as well as implementing and evaluating the effectiveness of investment projects at the micro-and macro-levels of the country's economy.

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.

USING REAL OPTIONS IN AN INVESTMENT VALUATION AND DECISION-MAKING PROCESSES

2020 ◽  
Vol 1 (8) ◽  
pp. 43-46
Author(s):  
T. T. ADAMIYA ◽  
Keyword(s):  
Decision Making ◽  
Real Options ◽  
Financial Management ◽  
Significant Risk ◽  
Investment Project ◽  
Market Uncertainty ◽  
Investment Activity ◽  
Traditional Assessment ◽  
Decision Making Processes ◽  
Additional Value

The current stage of global development is characterized by opportunities for investment activity, along with an instability of the economic situation and high uncertainty, dictates the need for investors and managers to make effective decisions, taking into account constantly changing conditions. An investor, while making a decision which project to accept, for the most part, uses the standard methods of financial management as a basis for forecasting and analysis. Considering fast-moving processes of technology change, as well as the conditions of market uncertainty, significant risk and agency problems, the article proposes the use of real options as an insurance (hedging) tool for investors against risks at different stages of the investment project. Risk management can be carried out through real options - the tool of flexibility in decision making. Traditional assessment methods ignore the ability to adapt internal and external changes, however management flexibility can significantly reduce risks, and therefore create additional value.

scholarly journals Agricultural Support Policies and China’s Cyclical Evolutionary Path of Agricultural Economic Growth

2021 ◽  
Vol 13 (11) ◽  
pp. 6134
Author(s):  
Xiangdong Guo ◽  
Pei Lung ◽  
Jianli Sui ◽  
Ruiping Zhang ◽  
Chao Wang
Keyword(s):  
Agricultural Economic ◽  
Agricultural Development ◽  
Animal Husbandry ◽  
Agricultural Policies ◽  
Growth Trend ◽  
Agricultural Economy ◽  
Growth Status ◽  
Growth Regime ◽  
Agricultural Support

Due to the weak nature of agricultural production, governments usually adopt supportive policies to protect food security. To discern the growth of agriculture from 2001 to 2018 under China’s agricultural support policies, we use the nonlinear MS(M)-AR(p) model to distinguish China’s agricultural economic cycle into three growth regimes—rapid, medium, and low—and analyze the probability of shifts and maintenance among the different regimes. We further calculated the average duration of each regime. Moreover, we calculated the growth regime transfers for specific times. In this study, we find that China’s agricultural economy has maintained a relatively consistent growth trend with the support of China’s proactive agricultural policies. However, China’s agricultural economy tends to maintain a low-growth status in the long-term. Finally, we make policy recommendations for agricultural development based on our findings that continue existing agricultural policies and strengthen support for agriculture, forestry, and animal husbandry.

Experience in the development of innovative underground geotechnologies for mining of ore deposits

2020 ◽  
pp. 338-350
Author(s):  
I. V. Sokolov ◽  
Y. G. Antipin ◽  
N. V. Gobov ◽  
I. V. Nikitin
Keyword(s):  
Systematic Approach ◽  
Underground Mining ◽  
Mineral Resources ◽  
Environmental Safety ◽  
Ore Deposits ◽  
Operating Costs ◽  
Processing Waste ◽  
Ore Preparation ◽  
Additional Value

Based on an analysis of the design principles and practice of underground mining of ore deposits, the most significant features, trends to develop and directions to enhance of underground geotechnology in the field of opening and preparation, mining systems, filling works and ore preparation have been established. The main signs of innovation - scientific research and implementation in production in order to obtain additional value, are highlighted. Various approaches to the development of innovative underground geotechnologies are shown and a methodology for their justification is formulated based on a systematic approach implemented in the framework of the concept of integrated development of mineral resources and on the principles of economic efficiency, industrial and environmental safety, completeness of subsoil development. The experience of the IM UB RAS on the development and implementation of innovative underground geotechnologies in the design and industrial operation of a number of ore deposits is given, which significantly increased the completeness and quality of ore extraction from the subsoil, increased labor productivity in sinking and stoping works, reduced capital and operating costs for ore mining and to utilize mining and processing waste in the mined-out space.

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