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<article article-type="research-article" dtd-version="1.3" xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xml:lang="ru"><front><journal-meta><journal-id journal-id-type="publisher-id">economyprom</journal-id><journal-title-group><journal-title xml:lang="ru">Экономика промышленности / Russian Journal of Industrial Economics</journal-title><trans-title-group xml:lang="en"><trans-title>Russian Journal of Industrial Economics</trans-title></trans-title-group></journal-title-group><issn pub-type="ppub">2072-1633</issn><issn pub-type="epub">2413-662X</issn><publisher><publisher-name>MISIS</publisher-name></publisher></journal-meta><article-meta><article-id pub-id-type="doi">10.17073/2072-1633-2015-3-82-87</article-id><article-id custom-type="elpub" pub-id-type="custom">economyprom-450</article-id><article-categories><subj-group subj-group-type="heading"><subject>Research Article</subject></subj-group><subj-group subj-group-type="section-heading" xml:lang="ru"><subject>Финансовый менеджмент</subject></subj-group><subj-group subj-group-type="section-heading" xml:lang="en"><subject>Financial  management</subject></subj-group></article-categories><title-group><article-title>Проблемы инвестирования в интеллектуальную составляющую бизнеса</article-title><trans-title-group xml:lang="en"><trans-title>The problem of investment into the intellectual business component</trans-title></trans-title-group></title-group><contrib-group><contrib contrib-type="author" corresp="yes"><name-alternatives><name name-style="eastern" xml:lang="ru"><surname>Устинова</surname><given-names>Л. Н.</given-names></name><name name-style="western" xml:lang="en"><surname>Ustinova</surname><given-names>L. N.</given-names></name></name-alternatives><bio xml:lang="ru"><p>ст. преп. каф. экспертизы и управления недвижимостью Республика Татарстан, 420043, г. Казань, ул. Зеленая, 1</p></bio><bio xml:lang="en"><p>Senior Teacher 1 Zelenaya Str., Kazan, Tatarstan 420043, Russia</p></bio><email xlink:type="simple">buro.ustinova@mail.ru</email><xref ref-type="aff" rid="aff-1"/></contrib><contrib contrib-type="author" corresp="yes"><name-alternatives><name name-style="eastern" xml:lang="ru"><surname>Устинов</surname><given-names>А. Э.</given-names></name><name name-style="western" xml:lang="en"><surname>Ustinov</surname><given-names>A. E.</given-names></name></name-alternatives><bio xml:lang="ru"><p>канд. экон. наук, доц. каф. общего менеджмента ИЭУФ Республика Татарстан, 420111, г. Казань, ул. Кремлевская, 18</p></bio><bio xml:lang="en"><p>Candidate of Economics Sciences, Associate Professor, 18 Kremlyovskaya Str., Kazan, Tatarstan 420111, Russia</p></bio><email xlink:type="simple">phdustinov@mail.ru</email><xref ref-type="aff" rid="aff-2"/></contrib><contrib contrib-type="author" corresp="yes"><name-alternatives><name name-style="eastern" xml:lang="ru"><surname>Вирцев</surname><given-names>М. Ю.</given-names></name><name name-style="western" xml:lang="en"><surname>Virtsev</surname><given-names>M. Yu.</given-names></name></name-alternatives><bio xml:lang="ru"><p>канд. экон. наук, старший преподаватель каф. экспертизы и управления недвижимостью Республика Татарстан, 420043, г. Казань, ул. Зеленая, 1</p></bio><bio xml:lang="en"><p>Candidate of Economics Sciences Senior Teacher</p></bio><email xlink:type="simple">Virtsev1979@mail.ru</email><xref ref-type="aff" rid="aff-3"/></contrib></contrib-group><aff-alternatives id="aff-1"><aff xml:lang="ru"><institution>Казанский государственный архитектурно-строительный университет</institution><country>Россия</country></aff><aff xml:lang="en"><institution>Kazan State University of Architecture and Engineering (KSUAE)</institution><country>Russian Federation</country></aff></aff-alternatives><aff-alternatives id="aff-2"><aff xml:lang="ru"><institution>Казанский (Приволжский) государственный университет</institution><country>Россия</country></aff><aff xml:lang="en"><institution>Kazan Federal University</institution><country>Russian Federation</country></aff></aff-alternatives><aff-alternatives id="aff-3"><aff xml:lang="ru"><institution>Казанский государственный архитектурно-строительный университет</institution><country>Россия</country></aff><aff xml:lang="en"><institution>Kazan State University</institution><country>Russian Federation</country></aff></aff-alternatives><pub-date pub-type="collection"><year>2015</year></pub-date><pub-date pub-type="epub"><day>07</day><month>11</month><year>2015</year></pub-date><volume>0</volume><issue>3</issue><fpage>82</fpage><lpage>87</lpage><permissions><copyright-statement>Copyright &amp;#x00A9; Устинова Л.Н., Устинов А.Э., Вирцев М.Ю., 2015</copyright-statement><copyright-year>2015</copyright-year><copyright-holder xml:lang="ru">Устинова Л.Н., Устинов А.Э., Вирцев М.Ю.</copyright-holder><copyright-holder xml:lang="en">Ustinova L.N., Ustinov A.E., Virtsev M.Y.</copyright-holder><license xml:lang="ru" license-type="creative-commons-attribution" xlink:href="https://creativecommons.org/licenses/by/4.0/" xlink:type="simple"><license-p>Данная работа распространяется под лицензией Creative Commons Attribution 4.0.</license-p></license><license xml:lang="en" license-type="creative-commons-attribution" xlink:href="https://creativecommons.org/licenses/by/4.0/" xlink:type="simple"><license-p>This work is licensed under a Creative Commons Attribution 4.0 License.</license-p></license></permissions><self-uri xlink:href="https://ecoprom.misis.ru/jour/article/view/450">https://ecoprom.misis.ru/jour/article/view/450</self-uri><abstract><p>Современная практика бизнеса сформировала понимание интеллектуального ресурса как одного из важнейших в вопросе построения эффективной системы управления предприятием. Неоспорима также роль интеллектуального капитала как наиболее полно представляющего природу и механизмы использования человеческого ресурса в организации. На наш взгляд, на сегодняшний день высокую степень актуальности имеет вопрос эффективности инвестиционной деятельности при управлении интеллектуальным капиталом. Статья раскрывает специфику инвестиций в нематериальный актив предприятия, освещает основные проблемы инвестирования в данный вид актива, а также раскрываются ключевые причины низкого уровня развития интеллектуальной составляющей бизнеса.</p></abstract><trans-abstract xml:lang="en"><p>The contemporary business practice has created the term of intellectual resource as one of the most important components when building up an effective management system. The intellectual capital plays also an important role representing the nature and the mechanism of human resource employment at an organization in the most spectacular way. The authors believed that the matter of investment activity efficiency becomes very actual in intellectual capital management.The article shows the specificity of investment into non-material assets of an enterprise, throws light upon principle investmen problems into non-matetrial assets, discloses key problems in the low level of the intellectual business component.</p></trans-abstract><kwd-group xml:lang="ru"><kwd>инвестиции</kwd><kwd>образование</kwd><kwd>интеллектуальный капитал</kwd><kwd>человеческий капитал</kwd></kwd-group><kwd-group xml:lang="en"><kwd>investment</kwd><kwd>education</kwd><kwd>intellectual capital</kwd><kwd>human capital</kwd></kwd-group></article-meta></front><back><ref-list><title>References</title><ref id="cit1"><label>1</label><citation-alternatives><mixed-citation xml:lang="ru">Tsibul’ov P.M. Intelektual’niy kapital – osnovnoy resurs ekonomicheskogo razvitiya / Problemy i perspektivy razvitiya innovatsionnoy deyatel’nosti: materialy biznesforuma. 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