scholarly journals ANALYSIS AND SYNTHESIS OF EXPERIENCE OF PROJECT FINANCING OF INDUSTRIAL ENTERPRISES

2017 ◽  
pp. 120-133
Author(s):  
Irina Aleksandrovna Trushina
Keyword(s):  
Large Scale ◽  
Oil And Gas ◽  
Industrial Sector ◽  
Investment Climate ◽  
Project Financing ◽  
Basic Principles ◽  
Investment Projects ◽  
Industrial Enterprises ◽  
New Directions ◽  
Analysis And Synthesis

The article describes specific features of project financing in the Russian Federation. It is stated that in Russia in recent years new investment projects have been launched, which are expected to be implemented using the project financing method, which indicates a favorable investment climate and the state's readiness to develop and improve this mechanism. Most of the projects are related to the industrial sector; in this regard, the analysis of projects and a synthesis of experience in the application of project financing have been conducted. Projects that were not always successful were analyzed, as well as an example of a project implemented with the assumption of design errors, in which the basic principles of project financing were not applied, but the result of its functioning turned out to be positive. According to the results of the analysis, the author grouped the general trends of project implementation, formulated the conditions that confirm the use of project financing, and identified key errors in the implementation of large-scale investment projects involving industrial enterprises. Priority sectors of the economy are defined, in which large-scale investment projects are most often developed and implemented (oil and gas extraction, processing and transportation). A review of Russian experience of project financing made it possible to understand the level of prevalence of this method and the effectiveness of its use, as well as to identify the main factors constraining and stimulating the use of project financing by industrial enterprises. Taking into account these factors will contribute to the formation of new directions and the development of methods for stimulating project financing for their successful use in the implementation of large-scale investment projects.

Stimulating the Development of "Greening" of Ukrainian Industry

2021 ◽  
pp. 55-67
Author(s):  
Ella Sheludko ◽  
◽  
Mariia Zavgorodnia ◽  
Keyword(s):  
Public Policy ◽  
Large Scale ◽  
Industrial Enterprises ◽  
Valuation Method ◽  
Circular Model ◽  
Analysis And Synthesis ◽  
Logical Method ◽  
Modern Economic ◽  
The Relationship ◽  
Further Development

The object of this study is the further development of eco-innovations for the rise of industry and the economy. Emphasis is placed on the growing relevance of "green" incentives in line with climate challenges, the economical use of natural resources, as well as the need for a systematic vision of environmental issues and the implementation of international requirements. The study is based on the work of foreign scientists, international rankings and world best practices for the introduction of modern economic mechanisms of state incentives for greening the economy, green modernization, the transition to a circular model of the economy. There is a difference in the implementation of environmental policy - some local projects in Ukraine and the European approach - with the assessment of eco-innovation, systemic change, the formation of ecosystems, scaling technological solutions. The main methods used in the study are: methods of system-structural analysis, analysis and synthesis, grouping - for preliminary analysis and selection of appropriate tools in the study of the implementation of eco-innovation in Ukraine and EU countries; index valuation method and method of comparative analysis - used in the analysis of public policy to stimulate the company to "green" growth; abstract-logical method - used to establish the relationship between the need to introduce new instruments of public policy in the environmental sphere with elements of large-scale reform in the context of climate modernization of industry and to form a systematic vision of major achievements in implementing international requirements for eco-modernization of industrial enterprises. The paper analyzes the forms of international assistance that can compensate for the lack of available financial resources for the purposes of green modernization of the economy in conditions of limited financial capabilities of the state, intensification of competition for European and international environmental investments. The obtained result - a set of possible tools to stimulate Ukrainian industry - allows more systematic implementation of "greening" of Ukrainian industry, and their implementation and combination in a specific mechanism will determine the success of an industrial socially-oriented economy.

scholarly journals BANK PROJECT FINANCING IN THE CONDITIONS OF MACROECONOMIC INSTABILITY IN UKRAINE

2020 ◽  
pp. 126-138
Author(s):  
Nazar DEMCHYSHAK ◽  
Oksana SHCHUREVYCH ◽  
Olha HEORHIIEVSKA
Keyword(s):  
Large Scale ◽  
Rapid Development ◽  
Market Demand ◽  
Project Financing ◽  
Short Term ◽  
Investment Projects ◽  
Long Period ◽  
The World ◽  
Banking Institutions ◽  
Further Development

Introduction. Banking project investments as one of the important factors of economic development of any country should be investigated. Despite the relative novelty of project financing in Ukraine, it should be studied because this process has been widely used for a long period in the world, which is confirmed by the implementation of large-scale projects. The purpose of the article is the implementation of a comparative analysis of bank project financing in Ukraine and the world during the pre-crisis macroeconomic situation, as well as the development of appropriate proposals for further development of the mentioned investments. Results. It substantiated the promotion project financing would be impossible in the conditions of the predominance of the short-term loans and the unwillingness of banking institutions to participate in the financing of infrastructure and investment projects. The factors hindering the development of bank project financing in Ukraine were determined. Significant potential for the rapid development of project financing has been fully confirmed by the corresponding market demand. However, for the development of project financing in Ukraine it is necessary to realistically and in detail assess the viability and profitability of projects. Also, the most effective leverage can and should be appropriate changes in the legislation that might give the guarantee bilateral protection of investors and creditors, as well as describe the approaches to the formation of a simplified mechanism for this type of financing.

scholarly journals Formation of institutional model of project financing in Ukraine

2021 ◽  
pp. 155-161
Author(s):  
M.I Zvieriakov ◽  
D.V Zavadska
Keyword(s):  
Large Scale ◽  
Institutional Environment ◽  
Financial Resources ◽  
Innovative Development ◽  
Project Financing ◽  
Normative Documents ◽  
Investment Projects ◽  
Financing Mechanism ◽  
And Performance

Purpose. Substantiation of the formation of the mechanism of project financing for solving issues of financial maintenance of infrastructural projects of innovative development in Ukraine. Methodology. The information base of the research is legislative and normative documents and results of scientific achievements of leading foreign and domestic scientists. The following methods, such as analysis and synthesis; comparison and systematization; observation; graphic, tabular; logical generalization are used. Findings. According to the results of the research, it is proved that to ensure sustainable economic growth and diversification of Ukraines economy, the importance of institutions for development and use of such a multi-instrumental form of reproduction of real investments as project financing, becomes actual. Based on the system approach, the features, elemental composition and subsystems of the project financing mechanism are determined. It is established that the current legislative basis for the formation of the project financing mechanism in Ukraine is fragmentary and needs further development. It is proved that the implementation of measures of state stimulation of the processes of financing the innovative development of Ukraines economy will be facilitated by the adoption of the Laws of Ukraine On The Bank of Development, On Syndicated Loan and the proposals for the formation of project financing developed in the research. Originality. For the first time, a comprehensive theoretical approach to the formation of the project financing mechanism in Ukraine has been implemented. The need is substantiated for highlighting such subsystems of the mechanism as providing subsystem (institutional environment of which is legislative support and regulatory bodies), transforming subsystem (financial instruments and participants of which are the Bank of Development, international financial organizations, banks, institutional investors, development institutions, project sponsors) and performance subsystem (financial resources in the required amounts, currencies and terms). The effective operation of the proposed mechanism helps to overcome the shortage of long-term financial resources needed for lending support of innovative enterprises that implement large-scale and capital-intensive investment projects and programs of national importance. Practical value. Introduction of the mechanism of implementation of the program for supporting the project financing development will allow accumulating considerable amounts of financial resources from various sources on a long-term target basis; increasing the level of investment and the number of innovative projects; reducing the total cost of funding and risks through their redistribution among participants of the project.

scholarly journals Mexico

2019 ◽  
Vol 19 (336) ◽  
Author(s):  
Keyword(s):  
Large Scale ◽  
Oil And Gas ◽  
Policy Uncertainty ◽  
Budget Cuts ◽  
Policy Action ◽  
Investment Projects ◽  
Policy Frameworks ◽  
Social Transfers ◽  
The Government

The authorities are committed to very strong policies and policy frameworks. However, policy uncertainty and new priorities have created challenges and have clouded the growth outlook. Large-scale investment projects and social transfers—and a commitment to not raise taxes until after 2021—are yet to be reconciled with the administration’s fiscal targets and the objective of putting public debt on a downward path. Meanwhile, drastic budget cuts for some institutions have raised concern about their impact on human capital. A state-centered energy policy that limits the role of the private sector—putting the onus of stabilizing Pemex (the state-owned oil and gas company) squarely on the government—has imposed further pressure on the budget and has weakened prospects for oil production. Promises to tackle some of Mexico’s salient structural challenges—including corruption, informality and crime—have yet to be followed by concrete policy action.

scholarly journals WORLD MARKET OF PROJECT FINANCING: INDUSTRIAL STRUCTURE

2021 ◽  
Vol 119 (6) ◽  
pp. 119-130
Author(s):  
HANECHKO Iryna
Keyword(s):  
Large Scale ◽  
Industrial Structure ◽  
Cash Flows ◽  
World Market ◽  
Global Market ◽  
Bank Loans ◽  
Project Financing ◽  
Investment Activity ◽  
Investment Projects ◽  
Global Industry

Background. The domestic economy remains systemically underfunded due to lack of domestic financial resources and low investment attractiveness for foreign investors. The deepening of this problem is also caused by the situation with COVID-19, which has led to a decrease in global cash flows in the world. Obtaining cross-border investment flows in various sectors of the economy is associated with project financing, the development of co-financing and the use of PPPs. There is a question of research of modern tendencies of development of project financing which change according to present challenges, for the purpose of implementation of experience of foreign countries in the Ukrainian practice of development of investment activity. Analysis of recent research and publications has shown that in the context of abrupt changes, challenges and crises, leading to reduction oflong-term investments, the issue of using large-scale project financing to guarantee future profits (project financing) to develop priority sectors of the economy and individual regions of the country remains relevant. The aim of the work is to study the global industry trends in the development of project financing, taking into account the new socio-economic realities and justification of the feasibility of using world experience in Ukrainian practice. Materials and methods. The research methodology is based on a system of general scientific and special methods, in particular: abstract-logical, analysis, synthesis, comparison, grouping, generalization, graphical method, statistical methods for assessing the dynamics and structure. Legislative documents, scientific works of domestic and foreign scientists, statistical information became the information base of this research. Results. The modern tendencies of the global market of project financing, dynamics of its volumes and branch structure are investigated. The directions of project financing by the main sources are analyzed: bank loans and bond loans. The expediency of using international experience in the implementation of large-scale investment projects in various sectors of the economy of Ukraine using schemes and methods of project financing is substantiated. Conclusion. The introduction of experience in the implementation of investment projects using project financing schemes in Ukraine should contribute to the formation of demand for long-term investments, including foreign ones. This practice of project implementation allows to modernize the economy, increase the potential of regional development and integrate into global value chains.

Economic and legal instruments for the realization of foreigndirect investment in infrastructure sectors of the economy

2020 ◽  
pp. 47-55
Author(s):  
Orshanska Marіana
Keyword(s):  
High Growth ◽  
Well Being ◽  
Investment Climate ◽  
Organizational Changes ◽  
Gradual Improvement ◽  
Fdi Inflows ◽  
Investment Projects ◽  
Analysis And Synthesis ◽  
High Level ◽  
Fdi Attraction

The purpose of the article is to determine the nature, characteristics and keyproblems of the main types of economic and legal instruments for the realizationof foreign direct investment (FDI). the methodological basis of the study is asystematic approach to the processing and compilation of statistics and indicators,as well as methods for their comparison, analysis and synthesis and a method offorecasting decisions on the use of investment potential to increase the attractivenessand volume of FDI attraction. The scientific novelty of the research lies in theanalysis of greenfield and brownfield strategies as the main forms of FDIimplementation, the disclosure of the content and interpretation of data on thereal state of FDI attraction, the search for opportunities to improve the investmentclimate and effective mechanisms for attracting foreign investors. conclusions. Itis confirmed that the investment attractiveness and rating of the country in theinternational market are the main factors for attracting investors. Inaccessibleinfrastructure, inefficient judicial system, high level of corruption and imperfectlegislation are the main obstacles that need to be overcome in order to attractforeign investors’ funds, providing a full package of assistance and support ateach stage of the implementation of investment projects. Greenfield and brownfield(M&A) are the most effective forms of FDI in order to achieve high growth ratesof the domestic economy, improve the level of population well-being andinternationally enter Ukraine. An analysis of the statistics on the effectiveness ofinnovative enterprise development projects, the characteristics of economic andlegal instruments indicate the gradual improvement of the investment climate andthe promotion of FDI inflows into the region’s economy through the implementationof greenfield and brownfield strategies. Examples of effective implementation ofthese strategies in the creation of new enterprises, companies of foreignrepresentation, which are expanding their capacity and entering new domesticmarkets are given. Examples of the brownfield strategy have been analyzed torestart existing and high-quality structural and organizational changes in inefficiententerprises, which have given impetus to improving the economic environment,investment attractiveness of the economy of the region and the country as a whole.

scholarly journals Prospects for Industrial Development in the Republic of Karakalpakstan

2020 ◽  
Vol 6 (10) ◽  
pp. 258-265
Author(s):  
K. Ubaydullaev ◽  
A. Alimov
Keyword(s):  
Industrial Development ◽  
Service Sector ◽  
Oil And Gas ◽  
Life Support ◽  
Raw Materials ◽  
Mining Industry ◽  
Industrial Sector ◽  
Priority Area ◽  
Industrial Enterprises ◽  
The Creation

This article addresses a number of challenges related to the complexity of industry research. The points of view in solving these problems were studied, and methodological bases for the development of the industrial sector were developed. It is proposed to create in the lower reaches of the Amu Darya large centers of the oil and gas chemical industry, mining industry with non-ferrous metallurgy, industrial bases for the agro-drainage cycle of production, light and processing industries. The first priority should be the formation of the foundations of the market environment in industries. This process is currently taking place in two directions: the creation of new private, joint-stock and other forms of enterprises, as well as through the modernization of industries, the second priority area of economic reforms in industry should be the creation of enterprises that are technologically advanced and have the ability to produce innovative products; the third priority area is the development of infrastructure industries that produce life support products for the population and the service sector, as well as the creation of quickly recouped industrial enterprises that provide deep processing of agricultural raw materials and mineral resources.

Large scale industrial enterprises in Turkish industry: their structures, characteristics and spatial distribution

2015 ◽  
Vol 29 (1) ◽  
pp. 89-112
Author(s):  
Kadir Temurçin
Keyword(s):  
Spatial Distribution ◽  
Labor Force ◽  
Large Scale ◽  
Industrial Sector ◽  
Economic Transformation ◽  
Central Anatolia ◽  
Marmara Region ◽  
Industrial Enterprises ◽  
Industrial Companies ◽  
Product Output

Industrialization is a process which is based on precise and quantitative measurements andcontains different basic changes in the economic structure of a country or region. The structural characteristicsand spatial distribution of the industrial enterprises established during the industrialization processwhich is one of the most important elements of the socio-economic transformation in Turkey withina historical process has been the object of this study. The aim of the study was to establish the positionsand significance of one thousand (1000) large industrial companies in the industry of Turkey by usingthe framework of criteria based on sales from production which have been maintained by the IstanbulChamber of Industry on a regular basis. The workplace and number of employees of the companies ona province basis, sector based division, realized exports and sales from product output, corporate entities,structures, spatial distribution and other characteristics were taken into consideration in the study.Although the thousand large scale companies in Turkey based on production output sales comprised only0.40% of the enterprises active in the industrial sector in 2012, they comprised 12% of the labor force,59.6% of product output sales and 65.2% of all exports. On a regional basis, 54% of these companiesare located in the Marmara region, 13.2% are located in Central Anatolia and 12.4% are located in theAegean region; on a province basis, 63.4% are located in Istanbul, Izmir, Bursa, Kocaeli and Ankara.A sector based division of the companies shows that 21.4% are involved in food, beverage and tobaccoprocessing, 19.6% are involved in the industry of metal goods, machinery, automotive industry, electricaltools and equipment and 16.1% deal with textiles, ready-to-wear, leather and the manufacturingof shoes. In terms of labor force numbers, the figures vary as 18.9%, 27.4% and 17.9% respectively.

scholarly journals PROFESSIONAL BURNOUT AMONG EMPLOYEES OF ENTERPRISES: RESEARCH OF SPECIFICS

2021 ◽  
Vol 5 (3) ◽  
pp. 289-304
Author(s):  
A.A. Melnikova ◽  
T.I. Korotkina
Keyword(s):  
Coping Strategies ◽  
Large Scale ◽  
Oil And Gas ◽  
Pearson Correlation ◽  
Coping Behavior ◽  
State Level ◽  
Professional Burnout ◽  
Coping With Stress ◽  
Industrial Enterprises ◽  
The Individual

The topic of occupational health is among the top priorities in the general list of tasks assigned not only to psychology, but also requiring solutions at the state level. One of the most relevant directions in this field is the study of psychological mechanisms that resist industrial stress and professional burnout. The article presents the results of a large-scale empirical study of employees of large industrial enterprises belonging to different professional spheres and industries, namely: energy engineering (St. Petersburg, 50 people); production of oil and gas equipment (Kurgan, 50 people); electrical industry (Ryazan, 50 people); automotive industry (Nizhny Novgorod, 61 people). The subject of the study was professional burnout and coping strategies of the individual, creating a model of overcoming behavior. The aim of the study was to identify the coping strategies of the individual, both contributing to burnout and reducing the risk of burnout. Methods used: the questionnaire of K. Maslach and S. Jackson "Professional burnout" (adaptation of Vodopyanova N.E.) and the questionnaire of R. Lazarus "Methods of coping behavior". When processing the results, the Pearson correlation coefficient was used to determine the presence of relationships between the burnout characteristics and the coping strategies used. The results of the study show that professional burnout was diagnosed in employees of all the studied enterprises, while there was a specificity in the degree of severity of individual indicators of professional burnout in employees of enterprises of different industrial spheres. The dominant strategies of coping with stress were determined, and the correlation analysis helped to identify those coping strategies that contribute to reducing professional burnout. In addition, as a generalization of the results of the study, the authors proposed a model of coping with the stress of employees of industrial enterprises.

scholarly journals International Project Finance

2015 ◽  
Keyword(s):  
New York ◽  
Nuclear Power ◽  
Oil And Gas ◽  
Project Finance ◽  
Project Financing ◽  
Basic Principles ◽  
Cross Border ◽  
Telecommunication Infrastructure ◽  
International Projects ◽  
Different Sources

The second edition of this text on project financing continues to provide guidance on the legal and practical issues relevant to international projects. As well as addressing the basic principles which affect the structuring and documentation of project financings, the book also explains structural, legal, and contractual differences between the various sectors such as transportation, telecommunication,infrastructure/public private partnerships, conventional, renewable and nuclear power, mining, and oil and gas, the latter sector focus being new to this edition. The book considers the application of English and New York law in cross-border documentation and legal and practical matters associated with running financing projects in civil law jurisdictions. Different sources of funding are also examined, such as banking and international bond documentation, and Islamic financing practice, in particular the use of Murabaha financing techniques and with additional analysis in this edition of the growing sukuk (Isalmic bond) market. This includes the legal and documentation issues arising from the use of such financing techniques and how they interact with each other from a legal and contractual perspective. The book also provides analysis of project defaults and work-outs giving guidance on how to manage projects when these circumstances arise. The book also contains coverage of dispute resolution in international projects.

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