投资项目经济评价:确定最终投资决策的关键因素

IF 0.5 4区 管理学 Q4 POLITICAL SCIENCE
Vanja Grozdić, Jelena Demko-Rihter
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引用次数: 0

摘要

投资项目评价是投资决策的重要环节。动态评价技术虽然是精确的,理论上是正确的,但仍然会导致错误的投资决策。本研究的主要目的是从公司、市政当局和社会的角度确定投资项目盈利能力的关键驱动因素。收集和分析了26个投资项目的数据。主成分分析(PCA)结果表明,与内部收益率和贴现回收期相比,净现值是衡量投资项目盈利能力的关键指标。PCA还表明,总销售额和总成本与初始投资和贴现率相比,是影响投资项目盈利能力的关键因素。回归分析(OLS)证实了这些结果,因为总销售额和总成本对投资项目净现值的影响最大,且统计显著。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Economic Evaluation of Investment Projects: Determining the Key Factors for Final Investment Decision
Evaluation of investment projects is a crucial part of the investment decision-making process. Although dynamic evaluation techniques are precise and theoretically correct, they can still lead to the wrong investment decision. The main goal of this study was to identify the key drivers of investment projects’ profitability from the point of view of the company, municipality and society. Data on 26 investment projects were gathered and analyzed. The results of the principal component analysis (PCA) showed that the net present value, when compared to the internal rate of return and discounted payback period, represents the key indicator of the profitability of investment projects. Also, PCA showed that the total sales and total costs, when compared to the initial investment and discount rate, represent the key factors that affect the profitability of investment projects. Regression analysis (OLS) confirmed these results since the total sales and total costs have the highest and statistically significant effect on the net present value of investment projects.
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CiteScore
1.10
自引率
25.00%
发文量
31
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