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Evaluating investment projects efficiency in various conditions

Author

Listed:
  • V. N. Livchits
  • I. A. Mironova
  • A. N. Shvetsov

Abstract

Key concepts for assessing the feasibility of the implementation and calculation of the performance of specific economic, socio-economic events or technical (technological) of the project are the related costs and useful results. Therefore, in all cases, the implementation of investment projects should talk about their effectiveness and the principles of its evaluation. The article formulates the correct content of the concepts of «costs», «results», «efficiency» in various (stationary and non-stationary) conditions, provides algorithms for calculating the efficiency. The most important typical mistakes made in the practice of Russian project investment analysis are analyzed. The presentation of the problem is conducted in coordination with the text of fundamental monographs [1–2], normative documents [3], as well as with a number of domestic and foreign monographs, immanent in content to the specifics of the Russian economy.

Suggested Citation

  • V. N. Livchits & I. A. Mironova & A. N. Shvetsov, 2019. "Evaluating investment projects efficiency in various conditions," Russian Journal of Industrial Economics, MISIS, vol. 12(1).
    • Handle: RePEc:ach:journl:y:2019:id:714
    DOI: 10.17073/2072-1633-2019-1-29-43
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    References listed on IDEAS

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    1. Michael C. Jensen, 2010. "Value Maximization, Stakeholder Theory, and the Corporate Objective Function," Journal of Applied Corporate Finance, Morgan Stanley, vol. 22(1), pages 32-42, January.
    2. V. Livshits & A. Shvetsov., 2011. "What Mistakes Should Be Avoided under Evaluating Investment Projects with State Participation," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 9.
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