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The Drivers for Investment Activity of Business: Does the Theory Explain the Russian Practice?
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THE DRIVERS FOR INVESTMENT ACTIVITY OF BUSINESS: DOES THE THEORY EXPLAIN THE RUSSIAN PRACTICE?
UDK 33 Экономика. Экономические науки
L'vova N. 1
Semenovich N. 2
Authors:
1.  State University, Saint Petersburg (Department of Credit Theory and Financial Management, Professor)

Russian Federation
2.  Saint Petersburg State University (Habilitation Candidate)

Russian Federation
Type:
Article
DOI:
https://doi.org/10.12737/2306-627X-2019-24-30
Pages:
from 26 to 32
Status:
Published
Received:
29.11.2019
Accepted:
02.12.2019
Published:
02.12.2019
Subject area:
UDK 33 Экономика. Экономические науки
Language:
Russian, English
Keywords:
investments, investment activity, investment activity of business, fixed assets, investment activity of Russian enterprises, investments of Russian enterprises
Abstract and keywords
Abstract (English):
The article is devoted to the problem of shortage of investments in fixed assets of Russian enterprises (non-financial companies). Theoretical perspectives on the importance and determinants of investment activity of business are opposed to domestic practice. Thus, the provisions of the main investment theories are systematized, the norms of savings and savings in Russia are analyzed in comparison with the developed countries and other BRICS countries; the profile of domestic investment business (industry structure of investments in fixed capital, dynamics of investments by types of economic activity, depreciation and renewal of fixed assets) is considered; the factors hindering the implementation of investments identified by surveys of entrepreneurs are interpreted. The study showed that the causes of the protracted investment crisis in Russia correlate with the provisions of all the basic theories, but to reveal them more accurately allows post-Keynesian one with its emphasis on the phenomenon of uncertainty and the problem of investment financing.

Keywords:
investments, investment activity, investment activity of business, fixed assets, investment activity of Russian enterprises, investments of Russian enterprises
References

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