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ИД «Финансы и кредит»






International Accounting

Financial statements of companies as an object of investment valuation in the context of global economic uncertainty

Vol. 25, Iss. 10, OCTOBER 2022

Received: 18 August 2022

Received in revised form: 2 September 2022

Accepted: 13 September 2022

Available online: 14 October 2022


JEL Classification: C13, C51, G12

Pages: 1155–1178


Ekaterina Yu. VORONOVA Moscow State Institute of International Relations (University) of Ministry of Foreign Affairs of Russian Federation (MGIMO University), Moscow, Russian Federation


Yuliya A. LUKINA Moscow State Institute of International Relations (University) of Ministry of Foreign Affairs of Russian Federation (MGIMO University), Moscow, Russian Federation


Subject. This article examines the financial statements of companies in the focus of investment valuation as an effective mechanism for reducing risks in the context of global economic uncertainty.
Objectives. The study aims to conduct an investment assessment of "young" companies that went public and entered the stock market after 2020 in the midst of the global pandemic.
Methods. For the study, we used a systems approach, analysis, comprehensive investment assessment, and the table method.
Results. The article presents the results of the investment evaluation of three companies that attracted the most interest among investors during the global pandemic, namely, Krafton Inc., Xpeng, and Airbnb Inc.
Conclusions. Investment valuation of assets helps develop a competent investment strategy that can bring income in the future. In present-day developments, many investors pay more attention to some non-price indicators. However, if building a long-term investment strategy, one should rely on more objective indicators, for example, analysis of financial statements, ratio analysis, and investment evaluation.

Keywords: financial data reporting, investment valuation, economic uncertainty, Initial Public Offering


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