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Comparison of Investment Activity of the Russian and Foreign Manufacturers: Case from Manufacturing of Transportation Vehicles

Author

Listed:
  • Vladislav Spitsin

    (National Research Tomsk Polytechnic University, 30 Lenin Avenue, Tomsk 634050, Russia)

  • Aleksandr Mikhalchuk

    (National Research Tomsk Polytechnic University, 30 Lenin Avenue, Tomsk 634050, Russia)

  • Vladimir Zalmezh

    (National Research Tomsk Polytechnic University, 30 Lenin Avenue, Tomsk 634050, Russia)

  • Irina Antonova

    (National Research Tomsk Polytechnic University, 30 Lenin Avenue, Tomsk 634050, Russia)

  • Igor Tsekhanovsky

    (National Research Tomsk Polytechnic University, 30 Lenin Avenue, Tomsk 634050, Russia)

  • Valeriy Zadorozhnyi

    (National Research Tomsk Polytechnic University, 30 Lenin Avenue, Tomsk 634050, Russia)

  • Nataliya Shabaldina

    (Tomsk State University, 36 Lenin Avenue, Tomsk 634050, Russia)

  • Larisa Dorzheeva

    (National Research Tomsk Polytechnic University, 30 Lenin Avenue, Tomsk 634050, Russia)

Abstract

The purpose of this paper is to study the indices of investment activity of subsection DM manufacturing of transportation vehicles and equipment enterprises under Russian, foreign and joint ownership (JO). Multivariate statistical analysis of the investment activity was performed at the Russian regional level. Using analysis of variance we identified statistically significant differences of the investment to shipped products ratio and investment structure in fixed capital between Russian, foreign and JO enterprises. Using methods of hierarchical classification, two models of clustering of regions were performed for each form of ownership. The clustering demonstrated that during the years of 2010-2013 the process of intensive creation of enterprises under foreign ownership in certain regions of Russia continued. In regions with enterprises under Russian and JO a low intensity of investment processes was identified. Some region clusters with enterprises under JO have high share of investment into foreign machinery and equipment.

Suggested Citation

  • Vladislav Spitsin & Aleksandr Mikhalchuk & Vladimir Zalmezh & Irina Antonova & Igor Tsekhanovsky & Valeriy Zadorozhnyi & Nataliya Shabaldina & Larisa Dorzheeva, 2016. "Comparison of Investment Activity of the Russian and Foreign Manufacturers: Case from Manufacturing of Transportation Vehicles," International Journal of Economics and Financial Issues, Econjournals, vol. 6(2), pages 484-491.
    • Handle: RePEc:eco:journ1:2016-02-17
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Domestic and Foreign and Joint Enterprises; Manufacturing of Transportation Vehicles; Investments; Multivariate Statistical Analysis;
    All these keywords.

    JEL classification:

    • C10 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - General
    • G31 - Financial Economics - - Corporate Finance and Governance - - - Capital Budgeting; Fixed Investment and Inventory Studies
    • L62 - Industrial Organization - - Industry Studies: Manufacturing - - - Automobiles; Other Transportation Equipment; Related Parts and Equipment
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology

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