Evaluation of Investment Attractiveness of Russian Airports Based on Factors of Regional Socioeconomic Development

Abstract

The article describes methods for evaluating investment attractiveness of Russian airports. It demonstrates results of studying regional economy development factors, such as business scales, degree of innovations in regions, demographic and other factors that significantly influence on the parameters of the demand for air services, potential incomes, and passenger traffic of airports. Interdependence between the passenger traffic of airports, the factors of commercial activity, and the regional business scales was revealed through the implementation of economical and mathematical methods. This dependence allows for assessment of further investment benefits. A model for evaluating the investment rating of airport enterprises was proposed. This model enables potential investors to have a true and fair idea of future investment effectiveness at the stage of airport engineering and at the stage of current operation of existing evolutive airport enterprises. Scoring technique for evaluating airport investment attractiveness was developed. The results of investment rating calculations for a group of airports in the Far East were presented.

DOI: 10.5901/mjss.2015.v6n5s4p309