Specific Features of Managing Investments as a Factor of Increase of the Level of Economic Security of Enterprises of Mining and Smelting Complex
The article identifies that ensuring economic security of an enterprise at a set level requires necessary investment resources. It offers to consider investments not in the context of investment security as a component of economic security of an enterprise, but as a factor of influence upon the level of the latter. Investment projects on holding (achieving) the set level of economic security are offered to be considered alternative and non-uniformly scaled. The key stage of investments management is their assessment. The article justifies a methodical approach to assessment of economic efficiency of alternative non-uniformly scaled investment projects on the basis of reduced increases of their investments, in which, unlike in existing ones, determination of values of reduced increases of investments and relevant income on them is conducted by means of reducing sums of investments of both projects at the beginning of the period of their receipt, and sums of income by them - at the end of the assessed period. Moreover, different discount rates by each of the compared variants are taken into account depending on the level of their risk. The sums of the found reducd increases are compared with each other with consideration of the discount rate of the project with a bigger volume of investments. This allows justification of expediency of carrying out not only the sum of investments into an investment project of ensuring the set level of a certain component of economic security with lower volume of necessary investments, but also their increase in the alternative variant.
Volume (Year): (2013)
Issue (Month): 5 ()
|Contact details of provider:|| Web page: http://www.business-inform.net|
When requesting a correction, please mention this item's handle: RePEc:idp:bizinf:y:2013:i:5:p:91_95. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Alexey Rystenko)
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 references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link 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 profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.