METHODOLOGICAL FOUNDATIONS OF INVESTMENT RESEARCH

Abstract

In the article there is a systematic and methodological approach to investments methods of empirical assessment of the impact of research factors on investments are revealed. Four major research classes were also analyzed.
Methodological investment most authors were engaged in empirical assessment of the impact of economic and institutional factors on investments. Among these studies, we distinguish four major classes of research: 1) Q -Tobin's research aimed at substantiating the hypothesis that investments are related to the q -coefficient ; 2) studies related to the consideration of the influence of financial and institutional factors on investments in fixed capital; 3) studies related to the assessment of the impact of risks on investments; 4) studies aimed at determining the optimal investment strategy of the company. A detailed overview of these studies is presented in the table.
Researchers attempted to empirically test the hypothesis of Q -Tobin's effect on the volume of investments in fixed capital [ Tobin , 1969] (the first class of research and one of the main directions of modern research on investment activity), and part of this hypothesis was empirically confirmed for foreign companies [ Oulton, 1982 ; Schiantarelli and Devereux, 1989; Schaller, 1990; Bond, 1992; Googler, 2004; Gehringer, 2015; Verona, 2015 ].