Likhutin P.N., Kharitonova V.V.Published in:
Russian Journal of Entrepreneurship
– Volume 18, Number 5 (March 2017)

JEL classification: E22, L21, L67

Keywords: cost approach, garment industry, investment assessment, investment attractiveness, light industry, q-Tobin


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Abstract:

The article examines the basic approaches to assessing the investment attractiveness of companies. We paid a special attention to the cost approach, within which we considered in detail the Tobin’s q coefficient. As a research object we have chosen a group of Russian light industry companies engaged in clothing manufacturing. On the basis of the obtained rates of the q-Tobin coefficient for each company and statistical methods, we made a clusterization of garment industry companies taking into account the degree of variability of investment attractiveness.

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