A note on the individual investment account influence on the russian corporate debt and equity capital

The article analyzes the significance of introducing individual investment accounts (IIAs) in Russia from the point of view of the state and corporations. The tax deduction provided to Russian individual investors by IIAs makes these accounts an instrument for implementing tax policy aimed at increasing corporate investment. Research hypotheses are that IIAs have a positive effect on the formation of debt and equity capital of Russian corporations. The main data are identified regarding the amount of funds in IIAs, the volume of investments in Russian stocks and corporate bonds. The regression equations on the corporate debt and equity capital depending on IIAs growth are revealed. As the results, quantitative data on the growth of debt and equity capital of Russian companies due to IIAs are given