Project financing: nature, problems and directions of development

DOI

10.2991/mtde-19.2019.64How to use a DOI?

Keywords

project financing, project, investment

Abstract

The article is devoted to an actual scientific and practical problem of research and the search for additional forms of financing investment activities, determining the essence of project financing, identifying problems hindering the effective development of this form of financing investment projects and presenting directions for its further development. The analysis of the theoretical approaches of domestic researchers to this problem allows the author to determine the essence of project financing, systematize the main scientific approaches to the concept of project financing. The conceptual framework of the sphere of project financing was expanded, in particular, the author supplemented the existing concept of project financing, and also classified the main forms of this type of investment and sources of financing. The existing model of project financing was assessed, its main shortcomings were identified at the legislative level, problems were highlighted due to the lack of guidelines for evaluating investment projects and mechanisms for selecting investment sources, and measures were identified that contribute to the further favorable development of project financing in Russia when finalizing legislation and improving prudential funding regulation. The results will be in demand when making management decisions for the implementation of large-scale investment projects in Russia, the successful implementation of which directly affects the growth and stabilization of the economy of the region and the country as a whole.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - N.V. Sobina
PY  - 2019/05
DA  - 2019/05
TI  - Project financing: nature, problems and directions of development
BT  - Proceedings of the 1st International Scientific Conference "Modern Management Trends and the Digital Economy: from Regional Development to Global Economic Growth" (MTDE 2019)
PB  - Atlantis Press
SP  - 336
EP  - 339
SN  - 2352-5428
UR  - https://doi.org/10.2991/mtde-19.2019.64
DO  - 10.2991/mtde-19.2019.64
ID  - Sobina2019/05
ER  -