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Analysis of Macroeconomic Factors Affecting the Investment Potential of an Enterprise

Author

Listed:
  • Sytnik Inessa
  • Stopochkin Artem
  • Janusz Wielki

Abstract

Purpose: The purpose of this article is the development of a model for optimizing the investment potential formation process for an enterprise based on the analysis of selected macroeconomic management factors. In the course of the study, it was decided to form four groups of macroeconomic indicators: indicators characterizing the overall development and efficiency of the Polish economy; indicators characterizing inflationary processes; indicators characterizing the dynamics of changes in the volumes of foreign and domestic trade of Poland; data that allow assessing the level of public debt and the state budget deficit of Poland. Design/Methodology/Approach: The research methodology is based on the use of the following methods: a descriptive statistics method; the method of grouping statistical data; the method of correlation analysis, as well as the regression analysis method. Findings: The results of the correlation analysis allowed to identify three factors that most affect the economic growth in the country and on this basis to develop a model for optimizing the investment potential formation process for an enterprise. Practical Implications: The model developed by the authors and the resulting rating of macroeconomic factors influencing the process of formation of investment resources can be the scientific rationale for the process of optimization and intensification of investment processes (development processes) in Polish enterprises. Originality/Value: The results of the correlation analysis allowed us to identify three factors that most affect the economic growth in the country and on this basis to develop a model for optimizing the investment potential formation process for an enterprise.

Suggested Citation

  • Sytnik Inessa & Stopochkin Artem & Janusz Wielki, 2019. "Analysis of Macroeconomic Factors Affecting the Investment Potential of an Enterprise," European Research Studies Journal, European Research Studies Journal, vol. 0(4), pages 140-167.
    • Handle: RePEc:ers:journl:v:xxii:y:2019:i:4:p:140-167
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    References listed on IDEAS

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    4. Gunhild Berg & Karolin Kirschenmann, 2015. "Funding Versus Real Economy Shock: The Impact of the 2007–09 Crisis on Small Firms’ Credit Availability," Review of Finance, European Finance Association, vol. 19(3), pages 951-990.
    5. Alexander Chepurenko, 2017. "Entrepreneurial Activity in Post-Socialist Countries: Methodology and Research Limitations," Foresight and STI Governance (Foresight-Russia till No. 3/2015), National Research University Higher School of Economics, vol. 11(3), pages 11-24.
    6. Inna Kanashkina, 2015. "Economic Essence Of Modern Investment Processes In The Grain Processing Industry," Baltic Journal of Economic Studies, Publishing house "Baltija Publishing", vol. 1(1).
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    Cited by:

    1. Robert Lisowski & Maciej Woźniak & Paweł Jastrzębski & Simeon Karafolas & Marek Matejun, 2021. "Determinants of Investments in Energy Sector in Poland," Energies, MDPI, vol. 14(15), pages 1-17, July.
    2. Maciej Wozniak & Robert Lisowski & Marek Dudek, 2021. "Relationships between Macroeconomics Indicators and Investments of Enterprises: Evidence from Poland," European Research Studies Journal, European Research Studies Journal, vol. 0(2B), pages 555-567.

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    More about this item

    Keywords

    Enterprises; investment potential; macroeconomic indicators; model for optimizing; development.;
    All these keywords.

    JEL classification:

    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • E23 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Production
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation

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