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Finance and Credit
 

New approaches to risk assessment of investments in industrial activity

Vol. 21, Iss. 37, OCTOBER 2015

PDF  Article PDF Version

Received: 27 April 2015

Accepted: 14 May 2015

Available online: 19 October 2015

Subject Heading: INVESTING

JEL Classification: 

Pages: 23-30

Volkov I.V. Nizhny Novgorod State University of Engineering and Economics, Knyaginino, Nizhny Novgorod Oblast, Russian Federation
Volkov-iv@ngiei.ru

Ryabova I.V. Nizhny Novgorod State University of Engineering and Economics, Knyaginino, Nizhny Novgorod Oblast, Russian Federation
ryabova-inna-2012@yandex.ru

Importance At present, the basis of dynamic development of a modern organization is continuous innovation within extended reproduction. Any innovative activity implies a high degree of risk of investment in innovation creating and commissioning. Therefore, innovative activity largely depends on the efficient investment policy that identifies both the areas of innovation development and methods of assessing their risk.
     Objectives The major goal of the study is to find new approaches to investment risk identification in production activities, and to determine investment yield based on the degree of risk, taking into account the prevailing conditions.
     Methods We propose a new mechanism for risk assessment based on the rating and scoring method, considering the multifactor impact on the result of investment activity.
     Results We have developed a diagram-matrix approach to identify the degree of risk of investment in production activity, and the risk-based methodology to calculate the yield.
     Conclusions We conclude that in the event of extended reproduction, when evaluating the return on investment in production, the offered mechanism enables to incorporate the risk level and the existing conditions.

Keywords: investment, innovation project, matrix, risk, factor indicator

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