Исследование факторов, влияющих на инвестиционную активность компаний
In the article are considered various approaches to the problem of the choice of investments' level of the company: a number of the factors which influence the investment activity of the company is revealed; influence of return on investments (ROI) on the investment policy is analysed. The review of economic researches on determinants of investment policy of the companies is studied, various approaches to calculation of ROI are considered. The basic steps and results of the empirical research based on the russian companies' data are presented.
The article describes proposed by the authors methodology of analysis of the Russian mutual funds. The aim of this methodology is to find out how attractive they are to investors and if they are able to provide the possibility of obtaining higher returns with less risk than the market in general. The study determines what type of fund management (active or passive) is more optimal. It also explains the effectiveness of focusing on past performance of the funds for making future investments. In addition, the ability of the management companies to repeat their past results is analyzed. Moreover, it is shown if it makes sense to focus on management companies that achieved the best results in the past while making decisions about future investments. These and other results achieved in this article reveal the features of the Russian market of collective investments and allow investors to form more competent policy of mutual funds’ investments. The methodology proposed by the authors is universal. Its application for the analysis of the other markets of collective investments will allow revealing their features.
This paper presents a new approach to designing integrated simulation models for large corporations. This approach is based on the use of system-dynamics methods for implementing models of segments of the vertically integrated company taking into account the available direct and feedback links. All models have been designed with the help of power simulation tool - Powersim Studio. In addition, the designed simulation system has been integrated with created genetic algorithm and the corporate data warehouse.
The paper analyzes the foreign experience in estimating investment process efficiency and its applicability in the Russian conditions. The author examines the methodology of calculating investment efficiency by means of static and dynamic techniques and shows their strengths and weaknesses.