Investment policy of the company
An objectively necessary link in the reproduction process is the replacement of worn-out fixed assets with new ones, which is carried out using the mechanism of accumulation of depreciation charges and their use for the purchase of new equipment and modernization of existing fixed assets. At the same time, a significant expansion of production can be achieved only through new investments directed both to the creation of new production facilities and to the improvement, qualitative updating of equipment and technology. It is the investments used for the development and expansion of production in order to generate income in the future that make up the economic meaning of investments. A competent investment policy ensures efficient use of resources, combining optimal financing resources. This article discusses the concept, principles and stages of development of investment policy at the enterprise. The problem of the effectiveness of the investment policy of organizations is presented. The source of the material was textbooks and scientific literature of domestic authors.