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CONDITION OF ATTRACTING INVESTMENTS IN ENTERPRISES
Salamov Farrukh Fattoevich
Acting Professor of the Department of Economic Theory at the
Samarkand Institute of Economics and Service.
E-mail:
Key words:
development , criteria, investment, illusion of temporary growth, long-term effect,
investor.
Abstract:
the article is devoted to determining the list of investors with whom one can cooperate
when attracting investments.
The fundamental cause of financial problems is uncontrolled access to financial resources with
their low profitability and lack of responsibility for their irrational use. These circumstances can
create the illusion of temporary growth, but in the long term they lead to complete collapse.
Financial analyst Andrew Sheng once noted: “Why does a financial engineer receive three or
four times the salary of an ordinary engineer? An ordinary engineer builds bridges, a financial
engineer builds illusions. When these illusions become nightmares, other people pay for it
. ”
Investments bring long-term effect only when they are aimed at developing production and
improving the operational activities of the enterprise. Investments in the financial sector can be
equated to an illusion, because the growth of financial assets must be provided by something,
money cannot appear "out of thin air", it must be formed as a result of the creation of a certain
value, that is, as a result of operational activities.
To confirm the above, let us give an example of a game between two players. Let us try to
imagine a set of factors that will influence its outcome, obviously, it will be determined by the
decisions that will be made by these players. Thus, such factors can include countless different
kinds of factors, namely the intellectual abilities of the players, experience, perceptual features,
cognitive capabilities, etc. The factors that will determine the outcome of this game can also
include even such trivial details as the features of the geographical location where the game takes
place, the climatic features of this area and even the personal beliefs of the players. When
predicting the outcome of the interaction between an investor and an enterprise attracting
investments, it is also necessary to take into account a large number of different factors,
information on some of them may be unavailable or unreliable. Moreover, even a complete list
of these factors may be unknown. And if we take into account certain unique features of the two
participants in this interaction, it may turn out that the use of general methods for assessing their
interaction can give inaccurate or incorrect results, which will require the use of a situational
approach to solving this problem
Based on the above, it can be argued that an accurate economic assessment of the result of
interaction between two entities that may be characterized by irrational features of decision-
making is impossible. However , it should still be noted that this problem can be solved. This is,
1
Platonova E.D. Accumulation and investment in the conditions of transformation economy (Theoretical and
Methodological Issues). Abstract of diss … Doctor of Economics [ Text] / E.D.Platonova . - M, 2006. - 42 p.
2
Dyatlov S.A. Digital neural network economy: institutions and technologies of development: monograph. [Text] /
S.A.Dyatlov , O.S.Lobanov , D.I.Gil'manov . - St. Petersburg: Publishing House of St. Petersburg State University of
Economics , 2018.- P.30
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in particular, possible if the purpose of the economic assessment is not an accurate assessment of
the result of using a certain mechanism, but, for example, a relative assessment of its ability to
generate the volume of investments necessary for the enterprise. Such an assessment is also
useful when choosing a mechanism (group of mechanisms) during the implementation of the
process of attracting investments to the enterprise.
It is worth noting that the economic assessment of the mechanism for attracting investment
should be based on factors that express the interest of its active elements: the investor and the
recipient enterprise. As already noted, an investor , when deciding to invest in a certain
enterprise, tries to assess the benefit he receives from this operation. This assessment includes an
analysis of various factors describing the return on investment and the risks that accompany them.
The investor compares the results obtained with other potential opportunities for investing his
funds (other enterprises, derivative securities, debt securities, lending, etc.). As a result, an
assessment is obtained and determines the direction and nature of investments. Obviously, this
analysis can be called an analysis of the investment attractiveness of a certain enterprise, since its
level is determined on the basis of a study of the investor's potential benefits from cooperation
with this enterprise. Therefore, forecasting an investor's decision to invest in a certain enterprise
can be carried out on the basis of an analysis of its investment attractiveness
.
The enterprise, when determining the list of investors with whom it can cooperate when
attracting investments, uses a number of conditions . These include:
an investor who plans to invest in the industry in which the enterprise operates;
an investor who has not invested in competitors;
an investor who is a specialist in the field of activity of the recipient enterprise;
positive experience of cooperation with this investor in the past for the enterprise;
other conditions.
It should be noted that an enterprise that attracts investments must take into account the financial
capabilities of a certain investor, its legal status and many other factors that will shape the nature
of cooperation with it. Therefore, in this case, it can be noted that the decision to cooperate with
an investor on the part of a certain enterprise is based on a situational approach. This assumption
can also be justified by the fact that the enterprise can be the only carrier of information about
the actual required volumes of investments, their form and the conditions under which they can
be attracted.
Thus, the economic evaluation of the mechanism for attracting investments to an enterprise is
complicated by the analysis of factors that influence the enterprise’s decision to begin or
continue cooperation with an investor during the formation of a certain mechanism.
Conclusion:
The enterprise will select a certain group of investors and form a group of
mechanisms with their help. Then the result of using such mechanisms can be determined based
on the analysis of the investment attractiveness of the enterprise "in the eyes" of each investor.
Therefore, the analysis of the investment attractiveness of an enterprise can be considered as a
way of economically assessing the mechanisms for attracting investment to an enterprise from
the investor's point of view.
Bibliographic list
1. Platonova E.D. Accumulation and investment in the conditions of transformation economy
(Theoretical and Methodological Issues). Abstract of diss … Doctor of Economics [ Text] /
E.D.Platonova . - M, 2006. - 42 p.
2. http://www.allbest.ru/
3
Ermilina D.A. Investments in the light of economic theory. [Text] / D.A. Ermilina //- Regional problems of
economic transformation. Makhachkala - 2013 - No. 1 - pp. 239-246
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3. Ermilina D.A. Investments in the light of economic theory. [Text] / D.A. Ermilina //- Regional
problems of economic transformation. Makhachkala - 2013 - No. 1 - pp. 239-246
4. Dyatlov S.A. Digital neural network economy: institutions and development technologies:
monograph. [Text] / S.A.Dyatlov , O.S.Lobanov , D.I.Gil'manov . - St. Petersburg: Publishing
House of St. Petersburg State University of Economics , 2018.- P.30
5. Lyachenkov Yu.N., Konovalova M.E. Development of investment theory in the process of
transformation of the socio-economic system . [ Text] / Yu.N.Lyachenkov , M.E.Konovalova //
Economic sciences. - 2019- No. 12, - pp. 31-34
