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Digest Finance
 

Theoretical and practical aspects of equity finance of investment: Sources, forms, mechanisms, tools

Vol. 24, Iss. 3, SEPTEMBER 2019

PDF  Article PDF Version

Received: 15 November 2018

Received in revised form: 9 January 2019

Accepted: 23 January 2019

Available online: 30 September 2019

Subject Heading: INNOVATION AND INVESTMENT

JEL Classification: Е62

Pages: 244–255

https://doi.org/10.24891/df.24.3.244

Edronova V.N. National Research Lobachevsky State University of Nizhny Novgorod (UNN), Nizhny Novgorod, Russian Federation
v.n.edronova@mail.ru

ORCID id: not available

Maslakova D.O. Vladimir State University named after Alexander and Nikolay Stoletovs, Vladimir, Russian Federation
mas-dariy@yandex.ru

https://orcid.org/0000-0001-9340-3359

Subject Technological and technical upgrade of the Russian economy, development of the digital economy require to increase investment and elaborate some theoretical and practical issues of investment more profoundly. For example, the systematization of equity financing sources, their forms, mechanisms and tools.
Objectives The research specifies the concepts of source, forms, mechanisms and tools for equity financing of investment, and suggests the classification of forms, mechanisms and tools for equity financing of investment. We assess how some forms of equity financing contribute to the development of investment financing.
Methods The research relies upon empirical and logical projections, analysis and synthesis, generalization, systems approach, methods of comparative analysis.
Results We identifies and classified forms, tools and mechanisms of equity financing of investment and propose our technique for assessing the equity financing of investment by form of such financing for periods which are not covered with official statistical data.
Conclusions and Relevance The systematization fills in some gaps in the theory of investment financing. Techniques for assessing structural components of equity financing of investment are indispensable for determining the role of certain forms in the development of investment financing. Such techniques underlie the comparison of the Russian and foreign practices and efforts. The findings can serve for further research into investment financing.

Keywords: investment, financing, sources, forms, mechanisms, instruments

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