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National Interests: Priorities and Security
 

Investment climate and investment risks: methodology of relationship analysis and evaluation

Vol. 10, Iss. 22, JUNE 2014

Available online: 12 June 2014

Subject Heading: STRATEGY OF ECONOMIC ADVANCEMENT

JEL Classification: 

Pages: 12-22

Aleksandrov G.A. Tver State Technical University, Tver, Russian Federation
g-alexandrov@rambler.ru

Viakina I.V. Tver State Technical University, Tver, Russian Federation
ivyakina@yahoo.com

Skvortsova G.G. St. Petersburg State University of Economics, Tver Branch, Tver, Russian Fed-eration
gala-skvortsova@yandex.ru

The article points out an urgency of an issue of the investment climate attractiveness and how to reduce investment risks for ensuring national security. The authors propose a new method for the investment climate diagnostics by means of the original principle embodied in the AVS-matrix. Authors emphasize that the developed algorithm enables to evaluate investment climate attrac-tiveness by calculating an unsystematic component of an investment risk (risk premium).

Keywords: national security, investment, investment climate, investment risk, unsystematic risk, AVS-matrix

References:

  1. Aleksandrov G.A., Viakina I.V., Kandaurov M.A. Korruptsiia i formirovanie investitsionnoi privlekatel'nosti regiona [Corruption and generation of regional investment attractiveness]. Regional'naia ekonomika: teoriia i praktika – Regional economics: theory and practice, 2013, no. 24, pp. 14–19.
  2. Aleksandrov G.A., Viakina I.V., Skvortsova G.G. Korruptsionnaia i kriminal'naia sostavliaiushchie v faktorakh, obuslovlivaiushchikh investitsionnyi klimat regiona [Corruption and criminal components in the regional investment climate factors]. Regional'naia ekonomika: teoriia i praktika – Regional economics: theory and practice, 2014, no. 14, pp. 10–22.
  3. Aleksandrov G.A., Viakina I.V., Skvortsova G.G. Metodologiia analiza investitsionnoi privlekatel'nosti promyshlennogo predpriiatiia v ierarkhicheskoi sisteme khoziaistvovaniia [Methodology of investment attraction analysis for industrial enterprise in a hierarchical system of economic management]. Ekonomika v promyshlennosti – Economy in industry, 2013, no. 3, pp. 74–79.
  4. Aleksandrov G.A., Viakina I.V., Skvortsova G.G. Formirovanie investitsionno privlekatel'nogo klimata regiona: kontseptsiia, diagnostika, innovatsii [Formation of an attractive investment climate in region: concept, diagnosis, innovation]. Moscow, Ekonomika Publ., 2014, 302 p.
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  7. Guidelines for evaluating an investment projects effectiveness approved by Ministry of Economy, Ministry of Finance and State Construction Committee of Russia of June 21, 1999 № VC 477. Available at: Link. (In Russ.)
  8. Rossiia v tsifrakh – 2013: kratkii statisticheskii sbornik [Russia in figures – 2013: brief statistical digest]. Moscow, Rosstat Publ., 2013, 573 p.
  9. Aleхandrov G.A., Vyakina I.V., Skvortsova G.G. Investment process: analysis of barrier and restrictive factors. Economics, organization and management of enterprises, industries and complexes in market conditions: methods, mechanisms, tools and technologies: proceedings of the annual international conference, Czech Republic, Prague ,February 18–20, 2013, , pp. 24–30.
  10. Elton T., Gruber M. Portfolio theory and investment analysis, 5th ed. New York, John Wiley & Sons, 1995.

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