Эффект финансовых ограничений и реальных опционов в инвестиционной политике компаний
In order to provide competitive advantages companies are forced to carry out projects in foreign countries. During designing development and investment programs, oil and gas companies have to estimate the cost of participation in international projects. In this article the authors developed methodology for assessing participation cost in the international oil and gas projects. Approbation was conducted on the Wheatstone LNG project. Application of the results will allow oil and gas companies to estimate the effectiveness of participation in international projects, and reduce the time and improve the scientific justification of development and investment programs.
Smoking is a problem, bringing signifi cant social and economic costs to Russiansociety. However, ratifi cation of the World health organization Framework conventionon tobacco control makes it possible to improve Russian legislation accordingto the international standards. So, I describe some measures that should be taken bythe Russian authorities in the nearest future, and I examine their effi ciency. By studyingthe international evidence I analyze the impact of the smoke-free areas, advertisementand sponsorship bans, tax increases, etc. on the prevalence of smoking, cigaretteconsumption and some other indicators. I also investigate the obstacles confrontingthe Russian authorities when they introduce new policy measures and the public attitudetowards these measures. I conclude that there is a number of easy-to-implementanti-smoking activities that need no fi nancial resources but only a political will.
One of the most important indicators of company's success is the increase of its value. The article investigates traditional methods of company's value assessment and the evidence that the application of these methods is incorrect in the new stage of economy. So it is necessary to create a new method of valuation based on the new main sources of company's success that is its intellectual capital.