State Financial Support Measures and Risk Factors Affecting the Cost of Investment Projects for the Introduction of Industrial Robotic Complex
Year: 2025
Type: article
Abstract: The object of the study is the cost of an investment project for the introduction of an industrial robotics complex (hereinafter referred to as the RTС implementation project). The subject of the study is the factors affecting the cost and effectiveness of the RTС implementation project, including measures of state financial support and the risks of its implementation. The relevance of the study is due to the government’s interest in ensuring the competitiveness and technological independence of the Russian industry based on the development of the robotics industry to achieve the goal set by the President of the Russian Federation of Russia’s entry into the top 25 countries in terms of robotics density by 2030, which requires an assessment of the cost and effectiveness of RTС implementation projects, taking into account government financial support measures and specific risks. The purpose of the study is to determine the impact of government financial support measures and risk factors for the implementation of the RTK project on its investment value and effectiveness. The study employs methods of classification, investment management, risk management, and valuation. The measures of financial state support and risk factors for the implementation of the RTK project are analyzed and their impact on the investment value and effectiveness of the project is characterized. The classification of factors influencing the investment cost of the RTK implementation project is considered. The impact of government financial support measures and tax incentives on the cash flows and financial results of the project is described. A model for calculating the discount rate of the RTK implementation project is proposed, taking into account the risk factors of its implementation (technological, personnel, regulatory, environmental). It is concluded that in order to make a decision on the feasibility of introducing RTK into industrial production, the company must determine the investment cost and basic performance indicators of the project, taking into account the factors considered.
Source: Finance: Theory and Practice
Institution: Financial University
Language: English
Subfield: Finance
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4411453930