+7 925 966 4690, 9am6pm (GMT+3), Monday – Friday
ИД «Финансы и кредит»

JOURNALS

  

FOR AUTHORS

  

SUBSCRIBE

    
Financial Analytics: Science and Experience
 

Risk distribution between participants of project and its impact on investment attractiveness

Vol. 7, Iss. 24, JUNE 2014

Available online: 13 June 2014

Subject Heading: Investment policy

JEL Classification: 

Pages: 2-8

Trifonov Iu.V. Lobachevsky State University of Nizhny Novgorod - National Research University, Nizhny Novgorod, Russian Federation
decanat@ef.unn.ru

Iashin S.N. Lobachevsky State University of Nizhny Novgorod - National Research University, Nizhny Novgorod, Russian Federation
jashinsn@yandex.ru

Koshelev E.V. Lobachevsky State University of Nizhny Novgorod - National Research University, Nizhny Novgorod, Russian Federation
ekoshelev@yandex.ru

The article deals with an impact of risk distribution between the main participants of project (investors and creditors) on its investment attractiveness. The authors demonstrate that the taking into account of liabilities risk assumed by creditor, leads to an insignificant increase in project attractiveness for an investor. The article points out that if creditor uses the monopoly position in the market and unreasonably enhances credit interest rate, it significantly reduces project attractiveness to an investor.

Keywords: risk distribution, investment attractiveness, project, risk-free debt, risk liabilities

References:

  1. Brigkhem Iu., Gapenski L. Finansovyi menedzhment [Financial management]. St. Petersburg, Ekonomicheskaia shkola Publ., 2005, 669 p.
  2. Krushvits L. Investitsionnye raschety: ucheb. dlia vuzov [Investment calculations: a textbook]. St. Petersburg, Piter Publ., 2001, 432 p.
  3. Limitovskii M.A. Investitsionnye proekty i real'nye optsiony na razvivaiushchikhsia rynkakh [Investment projects and real options in emerging markets]. Moscow, Iurait Publ., 2008, 464 p.
  4. Ogier T., Ragman J., Spaicer L. Nastoiashchaia stoimost' kapitala. Prakticheskoe rukovodstvo po priniatiiu finansovykh reshenii [Real cost of capital. Practical guidance on financial decision-making]. Dnepropetrovsk, Balans Biznes Buks Publ., 2007, 288 p.
  5. Rosh J. Stoimost' kompanii. Ot zhelaemogo k deistvitel'nomu [Company value. From wishful value to the de facto one]. Minsk, Grevtsov Pablisher Publ., 2008, 352 p.
  6. Tukkel' I.L., Iashin S.N., Koshelev E.V. Ekonomika i finansovoe obespechenie innovatsionnoi deiatel'nosti [Economy and financial security of innovation activity]. St. Petersburg, BKHV-Peterburg Publ., 2013, 240 p.
  7. Chetyrkin E.M. Finansovaia matematika [Financial mathematics]. Moscow, Delo Publ., 2007, 397 p.

View all articles of issue

 

ISSN 2311-8768 (Online)
ISSN 2073-4484 (Print)

Journal current issue

Vol. 17, Iss. 1
March 2024

Archive