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The paper addresses evaluating the influence of industry cycles on the investment activity of enterprises. Taking into account the perspectives of sector rotation, the hypothesis is formulated that the industry is a significant factor in the investment activity of enterprises - when business activity declines, enterprises demonstrate a preference for liquidity, which constrains investment activity. This hypothesis is proved by the dynamics of investment activity of enterprises in the Russian Federation.
Translated title of the contributionTHE IMPACT OF INDUSTRY CYCLES ON THE INVESTMENT ACTIVITY OF ENTERPRISES
Original languageRussian
Title of host publicationАрхитектура финансов: форсаж-развитие экономики в условиях внешних шоков и внутренних противоречий
Subtitle of host publicationСборник материалов X Юбилейной международной научно-практической конференции
EditorsИ.А. Максимцев, Е.А. Горбашко, В.Г. Шубаева
Place of PublicationСПб.
PublisherИздательство Санкт-Петебургского государственного экономического университета
Pages242-246
ISBN (Print)9785731048200
StatePublished - 2020

    Research areas

  • INVESTMENTS, INVESTMENT ACTIVITY, INDUSTRY CYCLES, FINANCIAL ASPECTS OF INDUSTRY CYCLES

ID: 70839811