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Rating Approach to Assess the Level of Investment Risks of Power-Generating Companies: The Case of Russia

  • A. Domnikov
  • G. Chebotareva
  • M. Khodorovsky
Chapter
Part of the Innovation and Discovery in Russian Science and Engineering book series (IDRSE)

Abstract

The paper is devoted to assessing the risk of development of capital-intensive investment projects in the electricity sector. The paper hypothesizes that the modern condition of the branch system of risk management does not allow us to objectively and quickly assess the threat level of investment risks of power-generating companies, causing a slowdown in investment activity and innovative development of this sector. This creates a need for improving the quality of evaluating investment risks with the allocation of object-structural component. The original methodological approach allows us to rank the investment risk level of hazard and to assess its impact on the process of making investment decisions. In the research process, mathematical tools used analysis of multidimensional data, which allows one to solve the problem of subjectivity in the implementation of the objectives. In practice, the use of the proposed methodological approach allows us to develop a comprehensive program of measures to reduce the specific risks of the development in the financing of capital-intensive investment projects in the power sector.

Keywords

Development Capital Projects Risk Mathematical tools Investment risks Power-generating company Financing 

Notes

Acknowledgment

The work was supported by Act 211 Government of the Russian Federation, contract № 02.A03.21.0006.

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Copyright information

© Springer International Publishing AG, part of Springer Nature 2018

Authors and Affiliations

  • A. Domnikov
    • 1
  • G. Chebotareva
    • 1
  • M. Khodorovsky
    • 1
  1. 1.Academic Department of Banking and Investment ManagementUral Federal UniversityYekaterinburgRussia

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