Analysis of the Investment Strategy Analysis from the Stakeholder Theory Standpoint

• Published in: Učët. Analiz. Audit (Online) no. 1; pp. 33 - 38
• Main Authors: S. M. Bychkova, N. N. Makarova, E. A. Zhidkova
• Format: Journal Article
• Language: Russian
• Published: Government of Russian Federation, Financial University 01.01.2019
• Subjects: institutional; investment projects; investment strategy; method of expert evaluations; stakeholders; strategic planning; инвестиционная стратегия; инвестиционный проект; институциональный; метод экспертных оценок; стейкхолдеры; стратегическое планирование
• ISSN: 2408-9303; 2619-130X
• DOI: 10.26794/2408-9303-2017--1-33-38

The article discusses the issue of an investment strategy from the standpoint of the stakeholders. In modern conditions the right choice of strategy results either in the successful development of an economic entity and the rising cost of its capital or in a crisis and the destruction of the cost of capital. The purpose of the research is to develop some theoretical propositions on formation of investment strategy from the stakeholder theory viewpoint. The investment strategy is a fundamentally important part of the strategy of development of any economic entity which involves the coordination of particular actions, necessary resources and the expected effect to achieve of stated goals. The article describes the stages of goal setting strategic investment planning and types of investments. The position of “configuration” school of the strategic management process is used to define the methodological platform for investment strategy development. Also the paper emphasizes the importance of a comparative evaluation of investment strategies, and recommends as a possible one the method of expert evaluation of the results by a concordance coefficient.