Enterprises are able to launch different investments, including financial and tangible investments, which are involved in implementation of the basic investor's goal. In this article the author depicted different types of investment definitions, introduced financial investment and tangible investments of companies and characterised features of these investments. There were also emphasised differences and similarities between mentioned types of investments.
On the basis of statistical information an analysis is carried out and recommendations are given for the conducting of effective policy of banks in the field of financial investments. A complex of measures in a bank sphere and also the activity of the state, which need clarification, theoretical, methodical and practical decision for stimulation of investment and innovative activity have been substantiated. International experience of investment activity of banks and investing and investment of money, in particular in various types of securities, have been considered.
Financial advisory services have been developing extensively since 2001. Because of the short period of functioning of that type of services in the financial market the clients perceive the currently available offer with reserve. So far, they have been interested mainly in loan advisory services, mainly in the housing market. Until recently that area was the main domain of banks although the wide range of available products caused that the clients started looking for professional advise not only from the bank consultant, who is interested in selling the products of represented company, but also from professional loan adviser who was able to collect information from the market and prepare the best financial options for the client. The study aimed at determining the scope of financial advisory services implemented in the area of placing the financial surplus of medium affluent households and directions of its development. The study covered 496 medium affluent households from Warmia and Mazury voivodeship. They possess adequate funds for implementing long-term investment programmes, they are more aware of the necessity of saving and they see their gaps in knowledge on financial instruments. They lack confidence in financial advisers and belief that the quality of services provided, and first of all their effectiveness, would be worth the price demanded for the advice.
Financial efficiency is one of the basic categories used to describe status, functioning and development opportunities for various types of institutions. Essentia of financial efficiency, content and tools evolve constantly. The same goes for agriculture. Although this sector still observes domination of classical measurements and accounting indicators, describing past accomplishments, not linked to market appraisal, still gradually new concepts arise, and they are better suited to contemporary conditions of farming as well as to the goals and expectations of farmers themselves. The above induces implementation of financial efficiency measurement patterns based on economical profit and cash flows. Such patterns feature reference to the process of value production for owners of farms, thus treating the latter as financial investments and subjects of investment decisions.
This paper analyses the determinants of financial risk attitudes and portfolio allocations as established by large-scale surveys in developed countries. After a literature review the paper proceeds with an analysis of two large-scale surveys on financial risk attitudes and the ownership of financial products in Slovakia. Risk attitudes are examined via a stated and revealed preference over portfolio allocations. Two dependent variables were used to test assumptions on investment choices: subjective financial risk tolerance (expressed via stated preferences over hypothetical portfolios) and objective risk tolerance (expressed via the actual share of risky investments out of the total financial assets). The standardised regression coefficients indicated that the risk attitudes seemed to be the most important predictors of both subjective and objective risk tolerance, followed by perceived and actual experience with financial investments. Sociodemographic variables (gender, age, education) had a relatively lower impact on portfolio allocations.
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