ASSESSMENT OF INVESTMENT ATTRACTIVENESS OF HIGH-TECH COMPANIES
https://doi.org/10.26425/1816-4277-2020-11-165-173
Abstract
The article considers and systematize different approaches to assessment of investment attractiveness of companies, including high-tech ones, by criteria of the number of used indicators and assessment approach. The paper proposes and tests the authors’ methodology for evaluating the investment attractiveness of high-tech companies, including the assessment of company current situation and development potential, the integral indicator of investment attractiveness and its recommended value. The study forms portfolios of stocks of high-tech companies traded on the Moscow Stock Exchange, using Markowitz and Fisher models to identify the correlation between the level of investment attractiveness of a company and the type of stock portfolio. The paper reveals the correlation between the level of investment attractiveness and shares in the portfolio, as well as the type of portfolio (minimum risk, maximum return, optimal).
Keywords
assessment methods,
current position,
development potential,
evaluation indicators,
high-tech companies,
integral indicator,
investment attractiveness,
stock portfolio
Supporting agencies: The article was prepared based on research results carried out at the expense of budget funds for state assignment of the Federal State Educational Budgetary Institution of Higher Education “Financial University under the Government of the Russian Federation”
About the Authors
E. B. Tyutyukina
Financial University under the Government of the Russian Federation
Russian Federation
Russian Federation
Doctor of Economic Sciences
Moscow
A. I. Danilov
Financial University under the Government of the Russian Federation
Russian Federation
Russian Federation
Doctor of Economic Sciences
Moscow
O. M. Abrosimova
Financial University under the Government of the Russian Federation
Russian Federation
Russian Federation
Graduate student
Moscow
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Review
For citations:
Tyutyukina E.B., Danilov A.I., Abrosimova O.M. ASSESSMENT OF INVESTMENT ATTRACTIVENESS OF HIGH-TECH COMPANIES. Vestnik Universiteta. 2020;(11):165-173. (In Russ.) https://doi.org/10.26425/1816-4277-2020-11-165-173
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