Tarakanov V.V., Kalashnikov A.A. The Mechanism of Financial Stimulation of Investment Activity

DOI: http://dx.doi.org/10.15688/jvolsu3.2016.1.10

Vasiliy Valeryevich Tarakanov
Doctor of Economic Sciences, Rector, Volgograd State University
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Prosp. Universitetsky, 100, 400062 Volgograd, Russian Federation
Aleksey Aleksandrovich Kalashnikov
Candidate for a Degree, Department of Corporate Finance and Banking, Volgograd State University
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Prosp. Universitetsky, 100, 400062 Volgograd, Russian Federation


Abstract. Modernization of the Russian economy and creation of conditions for its economic growth demand activization of investment activity that is possible by means of its financial stimulation. Financial stimulation of investment activity defines the need of changes of the contents, the directions and ways of implementation of the financial relations between subjects of investment activity. Financial stimulation of investment activity is carried out via the mechanism in the context of which these financial relations are settled. For defining the mechanism of financial stimulation of investment activity the authors consider the very concept of financial mechanism. The conclusion is drawn that all elements of the financial mechanism are the integrated unity, they are interdependent and interconnected, and the combination of types, forms, methods of the organization of the financial relations forms “a design of the financial mechanism”. The article specifies the maintenance of the mechanism of financial stimulation of investment activity, and reveals its essence. The structure of the mechanism of financial stimulation of investment activity is presented by the following elements: subjects of financial stimulation of investment activity, the purpose of attraction of investments by them, set of financial methods and tools, sources of means of achievement of goals, standard - legal and information support of financial stimulation of investment activity. It is proved that in the mechanism of financial stimulation of investment activity the leading role is played by the state by means of forms of direct and indirect participation in attraction of investments, each of which is realized by means of specific methods and the corresponding tools. The widespread instrument of financial stimulation of investment activity is the investments which are carried out by the state institutes of development participating in the organization of the process of financial stimulation of investment activity. For state financing the institutes of development the contribution to their authorized capital is used.
Key words: state, investment activity, sources and forms of mechanism of financial stimulation of investment activity, mechanism of financial stimulation of investment activity, financial techniques and instruments, financial mechanism.

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The Mechanism of Financial Stimulation of Investment Activity by Tarakanov V.V., Kalashnikov A.A. is licensed under a Creative Commons Attribution 4.0 International License.

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