IDEAS home Printed from https://ideas.repec.org/a/ach/journl/y2019id714.html

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
    as

    Download full text from publisher

    File URL: https://ecoprom.misis.ru/jour/article/viewFile/714/649
    Download Restriction: no
    File URL: https://libkey.io/10.17073/2072-1633-2019-1-29-43?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    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.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Lee Siew Tee & Ismail Nizam, 2020. "The Influence of Corporate Governance on Financial Performance Mediated by Gender Diversity," Journal of Asian Business Strategy, Asian Economic and Social Society, vol. 10(1), pages 61-79, January.
    2. Chilosi, Alberto & Damiani, Mirella, 2007. "Stakeholders vs. shareholders in corporate governance," MPRA Paper 2334, University Library of Munich, Germany.
    3. Otgontsetseg Erhemjamts & Qian Li & Anand Venkateswaran, 2013. "Corporate Social Responsibility and Its Impact on Firms’ Investment Policy, Organizational Structure, and Performance," Journal of Business Ethics, Springer, vol. 118(2), pages 395-412, December.
    4. C. Richard Baker, 2009. "From Member of the Company to Registered Auditor: The Role of the External Auditor in Corporate Governance," Australian Accounting Review, CPA Australia, vol. 19(1), pages 24-32, March.
    5. Fabrizio Rossi & Maretno Agus Harjoto, 2020. "Corporate non-financial disclosure, firm value, risk, and agency costs: evidence from Italian listed companies," Review of Managerial Science, Springer, vol. 14(5), pages 1149-1181, October.
    6. Taekjin Shin & Jihae You, 2017. "Pay for Talk: How the Use of Shareholder-Value Language Affects CEO Compensation," Journal of Management Studies, Wiley Blackwell, vol. 54(1), pages 88-117, January.
    7. John Dobson, 2009. "Alasdair Macintyre’s Aristotelian Business Ethics: A Critique," Journal of Business Ethics, Springer, vol. 86(1), pages 43-50, April.
    8. Evelyne Ingrid Mitu & Elena Loredana Comanescu, 2019. "Professional Training And Related Problems In Public Institutions," Management Strategies Journal, Constantin Brancoveanu University, vol. 46(4), pages 161-164.
    9. Azar, José, 2017. "Portfolio Diversification, Market Power, and the Theory of the Firm," IESE Research Papers D/1170, IESE Business School.
    10. Alfred C. Korir & Prof. Thomas Cheruiyot, PhD & Prof. Philip Bii, 2025. "The Effect of Board Tenure and CEO Duality on Firm Performance of Companies Listed in Nairobi’s Stock Exchange," European Journal of Business and Strategic Management, International Peer Review Journals and Books, vol. 10(5), pages 31-43.
    11. Farizah Roslan & Nusrah Samat & Norashikin Hussein, 2024. "Employer Brand Knowledge (EBK), Sustainability Practices and Employer Attractiveness: A Perspective of Millennial Employees," Information Management and Business Review, AMH International, vol. 16(3), pages 716-726.
    12. Ulf Richter, 2010. "Liberal Thought in Reasoning on CSR," Journal of Business Ethics, Springer, vol. 97(4), pages 625-649, December.
    13. Alejandra Marin & Ronald Mitchell & Jae Lee, 2015. "The Vulnerability and Strength Duality in Ethnic Business: A Model of Stakeholder Salience and Social Capital," Journal of Business Ethics, Springer, vol. 130(2), pages 271-289, August.
    14. Wolfgang Breuer & Jannis Bischof & Christian Hofmann & Jochen Hundsdoerfer & Hans-Ulrich Küpper & Marko Sarstedt & Philipp Schreck & Tim Weitzel & Peter Witt, 2023. "Recent developments in Business Economics," Journal of Business Economics, Springer, vol. 93(6), pages 989-1013, August.
    15. Yahui An & Zezheng Qin, 2023. "Can local social norms motivate green innovation: Evidence from China," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 44(6), pages 3572-3584, September.
    16. J. Kaler, 2006. "Evaluating Stakeholder Theory," Journal of Business Ethics, Springer, vol. 69(3), pages 249-268, December.
    17. Stulz, René M., 2025. "The lessons of Michael C. Jensen," Journal of Financial Economics, Elsevier, vol. 172(C).
    18. Maha Faisal Alsayegh & Rashidah Abdul Rahman & Saeid Homayoun, 2020. "Corporate Economic, Environmental, and Social Sustainability Performance Transformation through ESG Disclosure," Sustainability, MDPI, vol. 12(9), pages 1-20, May.
    19. Anant K. Sundaram & Andrew C. Inkpen, 2004. "The Corporate Objective Revisited," Organization Science, INFORMS, vol. 15(3), pages 350-363, June.
    20. Costanza Consolandi & Ameeta Jaiswal-Dale & Elisa Poggiani & Alessandro Vercelli, 2009. "Global Standards and Ethical Stock Indexes: The Case of the Dow Jones Sustainability Stoxx Index," Journal of Business Ethics, Springer, vol. 87(1), pages 185-197, April.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ach:journl:y:2019:id:714. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Главный контакт редакции (email available below). General contact details of provider: http://misis.ru .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.