Тип публикации: статья из журнала
Год издания: 2020
Идентификатор DOI: 10.29013/EJEMS-20-2-76-80
Ключевые слова: a multi-storey housing complex, financing of investment projects, bond issuance, savings scheme, credit scheme
Аннотация: Thing. The author of the work reveals the effectiveness of a multi-story building investment project and represents the criteria of debt financing through bond issues. Furthermore, the research includes the analysis of a two-level financial scheme based on the example of a multi-story building project. Goals. The first objective isПоказать полностьюthe development of a universal financial scheme with the ability to modify the parameters to particular investment projects in the construction sector and apply this scheme in practice. The second objective is to develop an effective alternative to escrow accounts that allows to provide an optimal distribution of financial burdens. Such a measure, eventually, must prevent the trend towards the increasing cost of a real estate per square meter. This action also helps to avoid the extension of the construction and selling period. Methodology. The methodological framework involves analysis, synthesis and simulation of the cumulative-credit financing scheme. Results. The investment project has been developed for an existing construction company which was subsequently applied. The project is to simplify the understanding of applying the bond issues for this company by providing them with a detailed the cumulative-credit financing scheme. Conclusions and Relevance. A multi-story building investment is one of the most perspective directions of Russian estate market development. Previously, the bond issue was described neither as the instrument of debt financing nor as the precise mechanism of the enterprise financing. It created a misunderstanding of the practical use and economical effectiveness of such an instrument. The given article contents the description of the cumulative-credit financing scheme of a multi-story building investment project.
Журнал: European Journal of Economics and Management Sciences
Выпуск журнала: № 2
Номера страниц: 76-80
ISSN журнала: 23105690
Место издания: Вена
Издатель: "East West" Association for Advanced Studies and Higher Education GmbH