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An Indicator of Financial Condition in Industry Investment Analysis

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Global Economics and Management: Transition to Economy 4.0

Abstract

The paper discusses the issues of the formation of neo-industrial society with its features of the knowledge economy, intellectual labor, automation and computerization of manufacturing, as well as the impact on the economic dynamics of the territories that is related to growing of the telecommunications industry. In this case, the research on methodology of investment analysis in telecommunication industry is very topical. The article proposes a sectoral investment analysis scheme, including two important complementary components: macroeconomic and microeconomic. This gives investors a complete picture of the investment decision. When industrial analysis comes down to analyzing a multitude of companies, it is closer to macroeconomic analysis. If the analysis concentrates on the company’s place in the industry, it is likely to be microeconomic analysis. Industry indicators play an important role in express-evaluation of enterprise value. They allow estimating not only fundamental capabilities of one company in the industry but also comparing the companies of one industry with each other. This article presented one of the variants of calculating the express-evaluation indicator for the telecommunication industry, as one of the industries with the greatest growth potential presented the tertiary sector of the economy, namely, the service sector. The authors made a correlation analysis of market discount for Russian companies of telecommunication industry.

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Correspondence to L. D. Zubkova .

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Zubkova, L.D., Dyachkov, S.M., Maksimov, I.B. (2019). An Indicator of Financial Condition in Industry Investment Analysis. In: Kaz, M., Ilina, T., Medvedev, G. (eds) Global Economics and Management: Transition to Economy 4.0. Springer Proceedings in Business and Economics. Springer, Cham. https://doi.org/10.1007/978-3-030-26284-6_22

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