Classification of Investments: Real and Financialiurii
- Authors: Shpinev Y.S.1
-
Affiliations:
- Institute of State and Law of the Russian Academy of Sciences
- Issue: Vol 17, No 6 (2021)
- Pages: 69-74
- Section: Articles
- URL: https://journals.eco-vector.com/2541-8025/article/view/532187
- DOI: https://doi.org/10.33693/2541-8025-2021-17-6-69-74
- ID: 532187
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Abstract
In the scientific environment, there are many options for classifying investments, but almost all authors divide investments into real and financial ones. At the same time, there is no single approach to classification by the object of investment in the scientific community, as, however, there is no consensus on the composition of signs that distinguish real and financial investments from the entire spectrum of possible investments. At the same time, the problem of determining the main features of real and financial investments is quite relevant today, since there is no regulatory definition, and the presence of such a definition may be in demand in the near future, which is primarily due to the demand for investments in the real sector of the country's economy, and as a consequence, the establishment of legislative benefits and preferences for enterprises that make real investments in state-defined industries, which is quite problematic to implement in the absence of a regulatory definition. By analyzing the existing points of view on the nature of real and financial investments and their place in the classification, two main directions of opinions on the essence of direct investment can be distinguished. According to some authors, all investments in the object of investment can be divided into real and financial. Another group of scientists suggests a broader classification, adding intangible and intellectual investments, investments in human capital, etc. to real and financial investments. According to the author of the article, investments in intangible assets and tangible assets are components of real investments, and intellectual investments and investments in human capital, in turn, are included in intangible investments. The article also proves that portfolio investments cannot be identified with financial investments, and real investments cannot be identified with direct investments.
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About the authors
Yury S. Shpinev
Institute of State and Law of the Russian Academy of Sciences
Email: shpinev.iurii.sergeevich@mail.ru
Cand. Sci. (Law), Senior Researcher in the Sector of Business and Corporate Law Moscow, Russian Federation
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