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The Substantiation of the Investment Decision

Author

Listed:
  • Madalina Gabriela ANGHEL

    (Universitatea „ARTIFEX” din Bucuresti)

  • Constantin ANGHELACHE

    (Universitatea „ARTIFEX” din Bucuresti, Academia de Studii Economice, Bucuresti)

  • Emilia STANCIU

    (Academia de Studii Economice, Bucuresti)

  • Marius POPOVICI

    (Academia de Studii Economice, Bucuresti)

Abstract

In this paper, we have analysed the mode in which an investment project is substantiated. Starting from the role played by the investments in securing economic growth and macro-stabilization, we granted full attention to conditions and stages to be taken into account in investment design. Of course, an important element in investing are the resources, internal or external, involved in investments. Simultaneously, there must be studied the effect of the economic objectives achieved through investment, especially the modality and recovery of expenses made. For such analysis of investment substantiation, we have followed the design of a model that would be relevant in the impact study. Furthermore, it must be stated that the impact study must be subjected to a procedure of simulation, in the scope of guaranteeing the efficiency of expenses. In the scope of presenting this topic, we have made clear some aspects regarding the investments concept; the classification of investments, the financial contents and elements regarding the investments; the role of investments in the social-economic evolution of a country. In this context, together with the theoretical aspects, we have presented some indicators used in the analysis and substantiation of investment projects.

Suggested Citation

  • Madalina Gabriela ANGHEL & Constantin ANGHELACHE & Emilia STANCIU & Marius POPOVICI, 2016. "The Substantiation of the Investment Decision," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 64(8), pages 94-103, August.
    • Handle: RePEc:rsr:supplm:v:64:y:2016:i:8:p:94-103
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    References listed on IDEAS

    as
    1. Alexander Ebner & Fabian Bocek, 2015. "Best Practices as to How to Support Investment in Intangible Assets. WWWforEurope Working Paper No. 101," WIFO Studies, WIFO, number 58258, August.
    2. Constantin ANGHELACHE & Alexandru MANOLE & Mădălina Gabriela ANGHEL, 2015. "Analysis of final consumption and gross investment influence on GDP – multiple linear regression model," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(3(604), A), pages 137-142, Autumn.
    3. LUPU, Radu & CALIN, Adrian Cantemir, 2014. "A Mixed Frequency Analysis Of Connections Between Macroeconomic Variables And Stock Markets In Central And Eastern Europe," Studii Financiare (Financial Studies), Centre of Financial and Monetary Research "Victor Slavescu", vol. 18(2), pages 69-79.
    4. Constantin ANGHELACHE & Gabriela Victoria ANGHELACHE & Cristina SACALA, 2016. "General Aspects on Developments in Equity Investments in Romania," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 64(4), pages 83-90, April.
    5. Robin Greenwood & Andrei Shleifer, 2014. "Expectations of Returns and Expected Returns," The Review of Financial Studies, Society for Financial Studies, vol. 27(3), pages 714-746.
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    8. Salman Arif & Charles M. C. Lee, 2014. "Aggregate Investment and Investor Sentiment," The Review of Financial Studies, Society for Financial Studies, vol. 27(11), pages 3241-3279.
    9. Guido Lorenzoni, 2009. "A Theory of Demand Shocks," American Economic Review, American Economic Association, vol. 99(5), pages 2050-2084, December.
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