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ИД «Финансы и кредит»






Digest Finance

Theoretical and practical aspects of public investment financing: Source, forms, mechanisms, tools

Vol. 26, Iss. 4, DECEMBER 2021

PDF  Article PDF Version

Received: 27 April 2018

Received in revised form: 14 May 2018

Accepted: 28 May 2018

Available online: 27 December 2021


JEL Classification: Е62

Pages: 372–390


Valentina N. EDRONOVA National Research Lobachevsky State University of Nizhny Novgorod (UNN), Nizhny Novgorod, Russian Federation

ORCID id: not available

Dar'ya O. MASLAKOVA National Research Lobachevsky State University of Nizhny Novgorod (UNN), Nizhny Novgorod, Russian Federation

ORCID id: not available

Subject. The paper considers the problem of practical search of investment sources and a deeper understanding of the theory of investment financing, including state funding.
Objectives. The article aims to clarify the definitions of source, forms, mechanisms and instruments of public investment financing; to suggest a logically justified classification of these forms.
Methods. The work uses empirical and logical constructions, analysis and synthesis, generalization, system approach and methods of comparative analysis.
Results. The authors eliminate the ambiguity in the interpretation of the terms of investment financing. The investigation gives clear definitions of the terms and classifies the forms, mechanisms and instruments of finance investment.
Conclusions and Relevance. Currently, there is no definition unity of the most important terms related to the investment financing in the scientific literature and practice. The authors` approach makes it possible to build scientifically based classifications, taking into account the modern regulatory framework and financing practice. The results can serve as a basis for further research in the field of investment financing and are of interest to researchers, undergraduates and graduate students.

Keywords: investment financing, investment forms, investment mechanisms, investment instruments, budget financing, co-financing


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