Subject The article discusses risk-reducing factors in investment project financing due to a new classification of risks developed specifically for investment projects, and presents the results of integrated analysis of risk reduction. Objectives The aim is to undertake an empirical study of solutions to the new problem in investment project financing, i.e. to identify better financing options and maximize generated cash flows. Methods The study employs the net present value method, the index method, comparative analysis, and time series analysis. Results I developed my own version of risk classification. Risks are identified by group of affecting factors and described. The paper presents methodological recommendations for innovative approach to managing the investment project financing based on specified tools, namely, a catalog of risk-reducing factors in investment project financing. The recommendations enable informed investment decisions based on such criteria as the net present value, rate of return on investment, reasonable expenses for maintaining the investor’s economic potential. Conclusions It is necessary to introduce a step-by-step process of forming a catalog of risk reduction factors, to use the recommendations on choosing alternative forms of investment project financing, applying the net present value criterion.
Prokhorova M.V. [Measures to reduce project risks]. Molodoi uchenyi = Young Scientist, 2019, no. 26, pp. 371–373. URL: Link (In Russ.)
Akinfiev V.K., Korgin N.A. [Organizational methods to reduce the risk of investment decisions]. Problemy upravleniya = Problems of Management, 2011, no. 1, pp. 40–46. URL: Link (In Russ.)
Kazanskii A.V. [Risks of project financing and methods of their overcoming in Russian projects]. Problemy sovremennoi ekonomiki = Problems of Modern Economy, 2015, no. 1, pp. 139–143. URL: Link (In Russ.)
Vyakina I.V., Aleksandrov G.A. [On the need to develop a methodology for evaluation of investment performance]. Rossiiskoe predprinimatel'stvo = Russian Journal of Entrepreneurship, 2018, vol. 19, no. 1, pp. 195–206. URL: Link (In Russ.)
Fomin P.B. [Risks of financing of the innovative project and business plan as factor of decrease in innovative risk]. Transportnoe delo Rossii = Transport Business of Russia, 2011, no. 11, pp. 151–153. URL: Link (In Russ.)
Bakeeva I.R., Kozlova A.A. [Risk management in the implementation of investment projects]. Vestnik akademii znanii = Bulletin of Academy of Knowledge, 2018, no. 3, pp. 39–43. (In Russ.)
Kovalev P.P. [Insurance of risks when implementing an investment project]. Ekonomika: vchera, segodnya, zavtra = Economics: Yesterday, Today, Tomorrow, 2018, vol. 8, no. 2A, pp. 47–55. URL: Link (In Russ.)
Tkhakushinov E.K. [Features of management of investment risk: Subject and object approach]. Mezhdunarodnyi zhurnal prikladnykh i fundamental'nykh issledovanii = International Journal of Applied and Fundamental Research, 2015, no. 8-2, pp. 343–346. URL: Link (In Russ.)
Yalmaev R.A., Eskiev M.A., Chazhaev M.I. [Risk management as a necessary condition for investment project financing]. Molodoi uchenyi = Young Scientist, 2015, no. 14, pp. 328. URL: Link (In Russ.)
Kleimenova A.V. [Classification of risks in project finance]. Ekonomika i sovremennyi menedzhment: teoriya i praktika = Economics and Modern Management: Theory and Practice, 2014, no. 37, pp. 144–156. (In Russ.)
Kovalev V.V. Finansovyi analiz: metody i protsedury [Financial analysis: Methods and procedures]. Moscow, Finansy i statistika Publ., 2001, 559 p.