Nargiza kasimova farkhod mukhamedov elkan harebov

 Classification of investment resources 
Types of investment 
resources 
Description of investment resources 
Own 
Profit, depreciation, cash 
Borrowed 
Bond loans, bank, and budget loans 
Budgetary investment 
appropriations: 
 
in material form 
Buildings, structures, land, equipment, machinery, etc. 
in intangible form 
Know-how, computer programs, trademarks, patent rights, etc. 
Internal 
Own and borrowed funds that are on the balance sheet of the 
enterprise and may be involved in the investment process 
External 
Resources to be attracted both by increasing the authorized capital 
and by obtaining loans 
 
 
49 

---

The investment policy of the enterprise determines the principles of activity 
in segments of the investment market, the conditions under which the company 
agrees to invest in investment objects. 
The investment policy of the enterprise includes three stages: 
Stage I - the study of the investment market, i.e. the external environment 
that forms the investment climate 
Stage II - analysis of the state of the enterprise, a forecast of its investment 
needs and investment opportunities, i.e. considering internal factors determining 
investment policy. 
Stage III - the development of principles and models of enterprise behavior 
in the investment market. 
The first stage includes an analysis of the current situation and the forecast 
of the investment market with its division into levels: 
- macroeconomic 
- industry 
- regional 
- individual investment objects (production, securities, etc.) (Table 7). 
The result of the assessment and forecasting of the development of the 
investment market is the ranking of industries, regions, and enterprises by the 
degree of their investment attractiveness. Based on expert estimates, all 
investment objects receive a weighted average indicator of investment 
attractiveness (𝑅𝑅𝑅𝑅). It is determined by the formula 
𝑅𝑅𝑅𝑅 = � 𝑅𝑅
𝑙𝑙
× 𝑞𝑞
𝑙𝑙
𝑛𝑛
𝑙𝑙=1
� 𝑞𝑞
𝑙𝑙
𝑛𝑛
𝑙𝑙=1
�
, 
where 𝑅𝑅 is assessment of investment attractiveness 𝑙𝑙 is the number of indicators 
characterizing investment attractiveness 𝑞𝑞 is  rank of investment attractiveness 
indicator. 
Thus, countries, regions, industries, and individual enterprises can be 
ranked according to four degrees of attractiveness: 
- super attractive 
- highly attractive 
- medium attractive 
- unattractive 
At the second stage, an analysis of financial and investment risks based on 
an assessment of the financial condition of the enterprise is carried out, the 
behavior of the enterprise on the investment market as an investor, as well as an 
investment object, is determined based on the phases of the life cycle. 
The parameters proposed for consideration are evaluated on a ten-point 
scale (points are assigned from 0 to 10 depending on the magnitude, degree, and 
significance of the influence of one or another factor) and is expert in nature. 
 
 
50 

---

---

Table 7.