IDEAS home Printed from https://ideas.repec.org/a/ach/journl/y2017id512.html
   My bibliography  Save this article

Practical use of a method of accelerated assessing the investment attractiveness of an industrial enterprise

Author

Listed:
  • A. G. Kalacheva

Abstract

The article considers the problem of assessing the investment attractiveness of industrial enterprises. Modern methods allow to assessing this parameter in a complex considering the relevant factors and reflecting their action in the integral indicator. However, consideration of a great number of particular indicators in the model is associated with time-consuming process of large information blocks processing while the result is not always defined beforehand. The article contains the results of the practical application of the author’s method of selection and assessing industrial enterprises on an indicator of investment attractiveness which provides purposeful step-by-step selection of an investment object among the group of companies. Selection and final assessing take into account requirements of specific investors. The practical application of the method carried out by the example of group of radio-electronic industry companies and for the three types of investors. As a result we created a list of estimated enterprises ranked in terms of their investment attractiveness indicator. The analysis of particular indicators influence on the final integral indicator value allows to define opportunities of investment attractiveness management by changing these parameters. The model enables to identify factors which parameters values are the most unacceptable and to rationally select ones from them which are the most suitable for the development of the necessary corrective management actions.Â

Suggested Citation

  • A. G. Kalacheva, 2017. "Practical use of a method of accelerated assessing the investment attractiveness of an industrial enterprise," Russian Journal of Industrial Economics, MISIS, issue 4.
    • Handle: RePEc:ach:journl:y:2017:id:512
    DOI: 10.17073/2072-1633-2016-4-319-328
    as

    Download full text from publisher

    File URL: https://ecoprom.misis.ru/jour/article/viewFile/512/526
    Download Restriction: no
    File URL: https://libkey.io/10.17073/2072-1633-2016-4-319-328?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Dimo Dimov & Eric Gedajlovic, 2010. "A Property Rights Perspective on Venture Capital Investment Decisions," Journal of Management Studies, Wiley Blackwell, vol. 47(7), pages 1248-1271, November.
    2. André F. Perold, 2004. "The Capital Asset Pricing Model," Journal of Economic Perspectives, American Economic Association, vol. 18(3), pages 3-24, Summer.
    3. Cooper, Ilan & Priestley, Richard, 2011. "Real investment and risk dynamics," Journal of Financial Economics, Elsevier, vol. 101(1), pages 182-205, July.
    4. Morellec, Erwan & Schürhoff, Norman, 2011. "Corporate investment and financing under asymmetric information," Journal of Financial Economics, Elsevier, vol. 99(2), pages 262-288, February.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ehab Yamani & David Rakowski, 2018. "Cash Flow and Discount Rate Risk in the Investment Effect: A Downside Risk Approach," Quarterly Journal of Finance (QJF), World Scientific Publishing Co. Pte. Ltd., vol. 8(03), pages 1-40, September.
    2. Mortal, Sandra C. & Schill, Michael J., 2018. "The role of firm investment in momentum and reversal," Journal of Empirical Finance, Elsevier, vol. 48(C), pages 255-278.
    3. Vithessonthi, Chaiporn & Tongurai, Jittima, 2015. "The effect of firm size on the leverage–performance relationship during the financial crisis of 2007–2009," Journal of Multinational Financial Management, Elsevier, vol. 29(C), pages 1-29.
    4. Riccardo Borghi & Eric Hillebrand & Jakob Mikkelsen & Giovanni Urga, 2018. "The dynamics of factor loadings in the cross-section of returns," CREATES Research Papers 2018-38, Department of Economics and Business Economics, Aarhus University.
    5. Faris Nasif AL- Shubiri & Ziad Mohammad AL-saidat, 2013. "The Impact of Investment in Creative Activities on Turnover Stock Ratio: An Empirical Evidence of Jordanian Banking," International Journal of Business Administration, International Journal of Business Administration, Sciedu Press, vol. 4(6), pages 134-139, November.
    6. Bennett, Donyetta & Mekelburg, Erik & Williams, T.H., 2023. "BeFi meets DeFi: A behavioral finance approach to decentralized finance asset pricing," Research in International Business and Finance, Elsevier, vol. 65(C).
    7. Victor Olkhov, 2021. "Three Remarks On Asset Pricing," Papers 2105.13903, arXiv.org, revised Jan 2024.
    8. Janick Christian Mollet & Andreas Ziegler, 2014. "Socially responsible investing and stock performance: New empirical evidence for the US and European stock markets," Review of Financial Economics, John Wiley & Sons, vol. 23(4), pages 208-216, November.
    9. Mollet, Janick Christian & Ziegler, Andreas, 2014. "Socially responsible investing and stock performance: New empirical evidence for the US and European stock markets," Review of Financial Economics, Elsevier, vol. 23(4), pages 208-216.
    10. Nishihara, Michi & Shibata, Takashi, 2019. "Liquidation, fire sales, and acquirers’ private information," Journal of Economic Dynamics and Control, Elsevier, vol. 108(C).
    11. Mikhail Drugov & Rocco Macchiavello, 2014. "Financing Experimentation," American Economic Journal: Microeconomics, American Economic Association, vol. 6(1), pages 315-349, February.
    12. Lutz, Stefan, 2013. "Risk premia in multi-national enterprises," The North American Journal of Economics and Finance, Elsevier, vol. 25(C), pages 293-305.
    13. Bruno Coric, 2010. "Investments and capital market imperfections, identification issues: a survey," Financial Theory and Practice, Institute of Public Finance, vol. 34(4), pages 407-434.
    14. Fulghieri, Paolo & Hackbarth, Dirk & Garcia, Diego, 2015. "Asymmetric information, security design, and the pecking (dis)order," CEPR Discussion Papers 10660, C.E.P.R. Discussion Papers.
    15. Wikrom Prombutr & Chanwit Phengpis & Ying Zhang, 2023. "Anomalies in U.S. REIT Returns: Evidence for and against the Q-theory," International Real Estate Review, Global Social Science Institute, vol. 26(1), pages 43-71.
    16. Ziegler, Andreas & Busch, Timo & Hoffmann, Volker H., 2011. "Disclosed corporate responses to climate change and stock performance: An international empirical analysis," Energy Economics, Elsevier, vol. 33(6), pages 1283-1294.
    17. Stefan Lutz, 2011. "Simultaneous determination of market value and risk premium in the valuation of firms," Economics Discussion Paper Series 1120, Economics, The University of Manchester.
    18. Michael J. Brennan & Holger Kraft, 2018. "Leaning Against the Wind: Debt Financing in the Face of Adversity," Financial Management, Financial Management Association International, vol. 47(3), pages 485-518, September.
    19. Fabio Bertoni & Massimo G. Colombo & Anita Quas, 2019. "The Role of Governmental Venture Capital in the Venture Capital Ecosystem: An Organizational Ecology Perspective," Entrepreneurship Theory and Practice, , vol. 43(3), pages 611-628, May.
    20. Thomas Standaert & Sophie Manigart, 2018. "Government as fund-of-fund and VC fund sponsors: effect on employment in portfolio companies," Small Business Economics, Springer, vol. 50(2), pages 357-373, February.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ach:journl:y:2017:id:512. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Главный контакт редакции (email available below). General contact details of provider: http://misis.ru .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.