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Finance and Credit
 

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

Vol. 25, Iss. 2, FEBRUARY 2019

PDF  Article PDF Version

Received: 15 November 2018

Received in revised form: 9 January 2019

Accepted: 23 January 2019

Available online: 28 February 2019

Subject Heading: INVESTING

JEL Classification: Е62

Pages: 480–496

https://doi.org/10.24891/fc.25.2.480

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 This article discusses the issues of theory and practice of investment, in particular, systematization of own sources of financing, their forms, mechanisms, and instruments.
Objectives The article aims to clarify the content of definitions source, forms, mechanisms and instruments of proprietary investment on the basis of study of theoretical works and current practices of investment financing in the Russian Federation and abroad, and offer a logically substantiated classification of these notions.
Methods For the study, we used the methods of analysis and synthesis, generalization, comparison, a systems approach, and empirical and logical constructions.
Results The article identifies and classifies the forms, instruments and mechanisms of proprietary investment. It also proposes a methodology for determining the amount of investment financing in terms of funding forms for periods for which there are no official statistics data.
Conclusions and Relevance The performed systematization of forms, mechanisms and instruments of proprietary investment eliminates some gaps in the theory of investment financing related to disclosure of the content of the specified definitions. The study results can form a basis of further research in the field of investment financing and are of interest to scholars, undergraduates and postgraduate students.

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

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