Testing the Hypothesis of Corporate Investment Life Cycle: The Case of Russia

Viktor Ivanov (), Nadezhda Lvova (), Natalia Pokrovskaia (), Alexander Andrianov () and Svitlana Naumenkova ()
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Viktor Ivanov: Saint Petersburg State University
Nadezhda Lvova: Saint Petersburg State University
Alexander Andrianov: Saint Petersburg State University
Svitlana Naumenkova: Taras Shevchenko National University of Kyiv

A chapter in Digitalization in Finance and Accounting, 2021, pp 169-180 from Springer

Abstract: Abstract This chapter reviews the results of a study into corporate investment with reference to a current life cycle phase of an industrial enterprise. For the purposes of the study, a score-based model of corporate age evaluation was used taking into account objectives of the study and sampling specifics. The study based on Russian extraction companies reveals that massively growing companies tend to intensively raise their capital funds through loans predominantly. Once mature, they show a low-key investment activity. Aging companies lose flexibility from the perspective of effective investment instruments, reduce reinvestment, and enter stagnation.

Keywords: Investments; Investment activity; Investment activity life cycle (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-3-030-55277-0_15

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DOI: 10.1007/978-3-030-55277-0_15

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