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The article examines the system of factors and conditions that affect the process of improving the investment climate. Through the implementation of large investment projects through syndicated lending, the ways to use the opportu...
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The article examines the system of factors and conditions that affect the process of improving the investment climate. Through the implementation of large investment projects through syndicated lending, the ways to use the opportunities of large-scale production and its financing in the economy have been assessed. Ways to use important financial mechanisms to maximize the requirements for attracting investment are outlined. Scientific proposals and practical recommendations for improving the organizational and economic mechanism of the investment climate in Uzbekistan have been formed.
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This article substantiates the theoretical features of the formation of the investment climate in the country, as well as the essence of investments.
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Developing countries are on the threshold of an economic emergence. India tops among them as a giant with unsurpassed economic growth. Knowing the need for massive capital formation in sustaining the momentum, government authoriti...
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Developing countries are on the threshold of an economic emergence. India tops among them as a giant with unsurpassed economic growth. Knowing the need for massive capital formation in sustaining the momentum, government authorities and financial services firms have begun channelizing disposable incomes of suburban and rural masses into productive investments. But in providing scientifically-rooted investment guidance these agencies do not have enough empirical or research material to rely on in understanding the investment priorities, goals and orientations of the nonurban populations. This study explores into the investment goals, risk attitudes, and investment return expectations of nonurban investors in India. Conducted in a fast changing nonurban region in the country, findings of the study are expected to provide empirical insights useful for policy making and for designing investor education programs both in India and other developing countries.
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The concept of the systems organization mechanism of the investment activity in the region is consid ered. The b asic elements which are necessary and sufficient for the effective functioning of the given system are briefly d escr...
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The concept of the systems organization mechanism of the investment activity in the region is consid ered. The b asic elements which are necessary and sufficient for the effective functioning of the given system are briefly d escribed. The main actions realized in the Rostov region for the improvement of the business mechanis m of spurring the investment activity are analyzed.
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The article provides an overview of the essence of foreign investments in the implementation of entrepreneurial activity in the modern world, where no business is organized without its own and attracted resources. At the same time...
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The article provides an overview of the essence of foreign investments in the implementation of entrepreneurial activity in the modern world, where no business is organized without its own and attracted resources. At the same time, it is necessary to recognize, in particular, that globalization has led to the pooling of capital, scientific technologies and resources within the framework of the activities of States around the world. In order to achieve the maximum level of competitiveness in today's conditions, attracting foreign investments is extremely relevant and important, since they allow the most efficient use of the available resources of the economy and are one of the main means of increasing competitiveness.
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Some questions of need of improving the regional investment policy under the market relations development as one of the major tasks for creating an attractive investment climate in the region are considered. The basic principles a...
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Some questions of need of improving the regional investment policy under the market relations development as one of the major tasks for creating an attractive investment climate in the region are considered. The basic principles and stance of the investment policy in the Rostov region at the present stage are discussed.
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Increasing the investment attractiveness of agro-industrial business and expanding the sources of attracting private investment by agricultural producers of Ukraine is an important task today. The purpose of the study is an econom...
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Increasing the investment attractiveness of agro-industrial business and expanding the sources of attracting private investment by agricultural producers of Ukraine is an important task today. The purpose of the study is an economic assessment of the investment potential of the agricultural sector of Ukraine and the development of scientific and practical principles for increasing the investment attractiveness of the industry, which can be used in the post-war period for the development of the national economy. In the research process, general scientific and special methods were used, such as: dialectical, abstract-logical, monographic, economic-statistical, system analysis, graphic and generalization. The article systematizes the approaches of scientists to the assessment of investment potential. For the first time, the authors summarized and characterized the components of the investment potential of the country/region as a set of economic, resource, political, social and labour, production, financial, innovative, infrastructural and institutional factors. The dynamics of the development of the investment attractiveness of Ukraine in general and the agrarian sector of the economy, in particular, are analysed. It was found that capital investments in agriculture have an unstable trend; in particular, investments in the industry are disproportionate to production. It has been proven that the potential direction of innovation-oriented development of the agricultural sector is the increase in the processing of plant and animal products, which maximizes the added value of goods on the foreign and domestic markets and will allow to increase the rate of growth of the country's GDP, attract foreign investments and technologies, and ensure economic stabilization in the war and post-war periods The following priority goals of investment activities in the agricultural sector of Ukraine are highlighted: improvement of soil fertility; improvement of the country's food and, at the same time, economic security; comprehensive social protection and provision of decent living conditions for the population in rural areas, which were disturbed by the war.
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Рассматриваются два подхода к оценке эффективности инвестиций: первый -традиционный, когда оценивается эффективность всего ...
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Рассматриваются два подхода к оценке эффективности инвестиций: первый -традиционный, когда оценивается эффективность всего бюджета капитала предприятия, и второй, при котором оценивается эффективность использования собственного капитала инвестора. Сделан вывод, что второй метод является более наглядным для кредитного инвестора и более гибким.
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Purpose - The relative performance of five popular nonzero-investment strategies, including Size, book-to-market ratios, earnings-to-price (E/P) ratios, cash flow-to-price (CF/P) ratios and dividend-to-price ratios, and their corr...
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Purpose - The relative performance of five popular nonzero-investment strategies, including Size, book-to-market ratios, earnings-to-price (E/P) ratios, cash flow-to-price (CF/P) ratios and dividend-to-price ratios, and their corresponding zero-investment strategies (also known as premiums) are first examined altogether for equally weighted (EW) and value-weighted (VW) methods to check whether a certain strategy (or some strategies) could be recommended to portfolio managers as the best (better) strategy (strategies). The paper aims to discuss these issues. Design/methodology/approach - This paper uses the stochastic dominance (SD) approach, a non-parametric test, to investigate the relative performance among various strategies and help investors search for the best or better strategy (strategies). Findings - The main results show that both the highest E/P and CF/P strategies (and their corresponding premiums) generally produce higher returns than the other three strategies (and their corresponding premiums) through allocating investors' capital between the risky and risk-free assets for the EW and VW methods, respectively. Research limitations/implications - This study only examines US stock markets by SD approach, whether the results are consistent with non-US markets still needs further investigation. The findings imply that investors can benefit by investing in the highest E/P or CF/P stocks (or their corresponding premiums) to make more profit or less loss for US stock markets. Practical implications - First, the SD findings suggest that investors or portfolio managers can allocate their funds between risky and risk-free assets to maximize their profits. Next, the simulation results again prove that the profits of each nonzero-investment or zero-investment strategy for EW portfolios are higher than those of each corresponding strategy for VW portfolios. Finally, the findings imply that portfolio managers or investors can invest in the highest E/P or CF/P stocks (or their corresponding premiums) to make more profit or less loss. Originality/value - This study first uses an extensive data set (1952-2009) to examine the relative performance of nonzero-investment strategies and their corresponding zero-investment strategies for the five popular indicators altogether for the EW and VW methods with the SD approach for US stock markets. Moreover, the results reveal that the investors or portfolio managers can invest in the highest E/P and/or CF/P portfolios (or their corresponding premiums) to make more profit or less loss.
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Purpose - This study aims to look into how volatility significantly impacts the tracking error for daily-rebalanced leveraged bull and bear ETFs. Design/methodology/approach - Using Morningstar return data and Chicago Board Option...
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Purpose - This study aims to look into how volatility significantly impacts the tracking error for daily-rebalanced leveraged bull and bear ETFs. Design/methodology/approach - Using Morningstar return data and Chicago Board Options Exchange (CBOE) volatility index (ⅥⅩ) data, the paper examines the daily tracking error for leveraged bull and bear ETFs. Tracking error is defined as the difference between the daily returns for a leveraged bull or bear ETF and the multiple of the daily return for that ETF's respective underlying benchmark index. Findings - Changes in the market ⅥⅩ of the CBOE have a significant and opposite effect on the daily returns for both leveraged bull and bear ETFs. Furthermore, these effects are more pronounced for bear ETFs than similarly leveraged bull ETFs. Research limitations/implications - The sample period (June 19, 2006 to September 22, 2009) contains periods of extraordinarily high volatility. Considering that the ⅥⅩ reached an all-time high during this period, the results may be time-period specific and may not translate to other time periods. Practical implications - The implication is that market timing may be feasible for enhancing daily returns for both leveraged bull and bear ETFs. However, any specific timing strategies go beyond the scope of this paper. Originality/value - In this study, the paper examined the effects of expected market volatility on the daily tracking error of leveraged bull and bear ETFs. Specifically, the paper performed multiple linear regression analysis using Morningstar return data for the ETFs and their underlying benchmark and CBOE ⅥⅩ data. The findings suggest that market timing could be beneficial for increasing daily yields for leveraged and inverse ETFs.
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