scholarly journals ENTERPRISES INVESTMENT ACTIVITY: SOURCES OF RECOVERY

Author(s):  
GULIAIEVA Nataliia ◽  
VAVDIICHYK Iryna

Background. The article examines the essence and main factors influencing the investment activity of economic entities, identifies the main means of stimulating it. The directions of attracting investments by the sectors of Ukraine’s economy are considered. The main transformation vectors of the state mechanism of investment processes mana­gement in Ukraine are singled out. The aim of the article is to determine the prerequisites and reserves for increasing investment activity of economic entities of Ukraine, its means in a multi-vector environment based on the study of the state, recovery sources in modern conditions of the investment process analysis of state initiatives to change the paradigm of the influence mechanism on the formation of a new phase of the investment cycle. Materials and methods. General scientific methods such as methods of logical generalization, abstraction and formalization, synthesis and analysis, induction, analogies, etc., were used in this paper. Results. Ukraine does not have a stable system of motivation and stimulation of investment supply, which does not completely launch the national investment market, and in the presence of a high demand level for them, the investment mechanism has not been developed and even has braking nature. Analysts consider that the statistical reflection system of economic processes needs radically restructuring, which significantly affects the quality of their diagnosis, development of forecasts, investment proposals, and justification of the parameters of their implementation. The attracting policy of foreign investment at least at the level of foreign direct investment is not systematic. The investment climate is improving in Ukraine, so it is necessary to revise the list of business profiles of the enter­prises that may receive state support for their investment initiatives. Conclusion. The systematic reform of state mechanisms for managing investment processes is based on the formation of investment behavior of all participants according to modern world models, their activation in new coordinates of sources of investment needs, and tools to meet it. It is necessary prerequisite for increasing investment activity of eco­nomic entities in Ukraine. According to the latest publications of government developments over a long period, a new paradigm of managing country economic development is beingformed in Ukraine, where the introduction of investment activity of all participants is given a fundamental role. Keywords: investment activity, investment resources, investment cycle, business climate, competitive advantages.

2020 ◽  
pp. 176-185
Author(s):  
Svitlana TARABAN

The article examines the processes of inflow of investments into the economy of Ukraine, highlights the main problems and factors affecting investment activity and investment attractiveness of the country and regions. Functions of investments without which effective management and development of the economy of the state are impossible are considered. The peculiarities and tendencies of the investment activity in Ukraine are revealed, the ways to intensification of attraction of capital investments are determined. It has been found that the process of attracting capital investments in the Ukrainian economy has significantly slowed down due to the political and economic crises of recent years. As a result, the financial condition of enterprises has deteriorated, the number of unprofitable financial institutions has increased, the volume of bank lending to enterprises has decreased, the investment activity of foreign investors has decreased. Attention is drawn to the fact that the successful realization of the objectives of the socio-economic development of the regions depends on the efficiency of the organization of the investment process. The revitalization of the investment process is the main component of economic requirements, which are intended to identify real changes in the structure of the economy of the country and the region, to accelerate the transition of the economy to a qualitatively new level of industrial development, to improve the quality of domestic products and its competitiveness in the world market, to contribute to overcoming interregional disproportions, to provide growth in the state. The dynamics and structure of capital investments in Ukraine and Kharkiv region in 2017-2019 are analysed. The structure of capital investments for this period by sources of financing, types of economic activity, types of assets is studied. The conclusions on the materiality of the changes and direction that have occurred during this period have been made, the positive and unfavourable changes in the formation of capital investments have been characterized. It is determined that the socio-economic development of Ukraine is impossible without sufficient financing of capital investments. First of all, it is about modernizing the production of high-tech and competitive high-value-added goods and increasing their exports, as well as the introduction of innovative and energy-saving technologies. It is stated that the conditions for attracting investment in Ukraine are political, economic and financial stability, investment guarantees, improvement of legislative acts regulating investment activity and general improvement of the investment climate. Keywords: investment activity, capital investments, dynamics, structure, economic development, investment processes.


2020 ◽  
Vol 9 (3) ◽  
pp. 78
Author(s):  
Viktoriia Rudenko ◽  
Ruslan Voloshchuk

The issues of the place and role of the state in the investment process has not lost relevance for many decades. Some scholars, appealing to the experience of developed countries, propose to minimize the role of the state in the investment sphere. This view is based on the fact that state participation cannot ensure a more efficient allocation of investment resources than a market mechanism of self-regulation. Other scholars believe that all the troubles in the economy are due to the fact that the state has minimized its influence on the investment sector, thereby causing a decrease in its activity. Obviously, both positions of scientists cannot be rejected mechanically. However, the practice of conducting investment activities in Ukraine has clearly shown that the state's departure from the investment sphere has actually cleared the way for anarchy and inconsistency in the investment process. At present, the state is obliged to influence investment activity by choosing effective means of its regulation, relying primarily on the fiscal mechanism. The article is devoted to the study of the essence of the fiscal mechanism for regulating the investment development of the national economy and the identification of its specific features. The specifics of the scientific tasks that are the subject of the study required the use of a set of special methods, the use of which helped to analyze the essence of the fiscal mechanism for regulating the investment development of the national economy and to highlight its specific characteristics. The etymology of the concept of “fisc” is considered in the article. Approaches to the interpretation of the term “mechanism” are highlighted. The economic meaning of the definition of “regulation” is substantiated. The essence of the fiscal mechanism for regulating the investment development of the national economy is determined. The specific features of the fiscal mechanism for regulating the investment development of the national economy are singled out and characterized. The study found that the impact of the fiscal mechanism on the investment development of the national economy is due to its specific characteristics and the focus of its components at solving specific problems and achieving a real effect due to financial resources that are formed, distributed and used to meet the investment needs of economic entities.  Keywords: fisc, mechanism, regulation, investment development, fiscal mechanism for regulating the investment development of the national economy


2021 ◽  
pp. 135-147
Author(s):  
Olga L. Trukhinova

The article focuses on the long-term ship leasing market, which is in fact an alternative financing market for the industry. The aim of the study was to provide an overview of the state of the Russian leasing market in the field of shipbuilding in the current economic conditions and to show the positive aspects of using this financial instrument as a means of increasing the activity of participants in the investment process in the shipbuilding industry, aimed at accelerating the renewal of the civilian fleet and recovering the industry after the crisis. The problematic issues arising in the practice of leasing activities in the industry are considered. The use of leasing in Russian shipbuilding is supported by the state with the help of an existing program that provides preferential terms for leasing transactions for shipbuilding. The article examines the conditions, results and prospects for the implementation of the state program of civil shipbuilding leasing.


Author(s):  
Serhii Revutskyi

Revutsky S. The state of innovative development and further steps towards the neo-economy of Ukraine in the first quarter of the XXI century. The article examines the state of innovative development in Ukraine in comparison with world leaders. Comparative analysis of goals, priorities and directions of development and modernization of public policy to achieve the level of neo-economy, which is formed under the influence of the new paradigm of scientific and technological development and technological revolution, which is now observed in many countries. From the above data we see that among the common shortcomings of our economic strategy and development program are: ambiguity and inconsistency of goals, mechanisms and objectives, sources of funding and general backwardness in approaches, which requires the use of European approaches to achieve the goal. Relying only on outdated methods of production and labor, the country loses competitiveness in the world market, lagging behind in technological development due to lack of innovation and research in the necessary areas, while the existing system is uncertain and has no financial or legal basis for efficient operation. When the whole world moves to new technological levels, raising its level to the fifth and sixth levels, our state, without a clear leadership and base, lags behind in innovation. That is why the article substantiates the conceptual principles of strategic development of the state, priorities and mechanisms for using the innovation potential to increase the competitiveness of Ukraine.The article also considers the possibility of implementation European practices for effective management of the implementation of targeted innovation programs, substantiation of software, strengthening of existing and modernization of existing to obtain competitive advantages in the modern world market. Currently, the country has a major lack of a clear line of leadership on innovation. There are a number of small and fragmented programs that operate separately from each other, there is no clear government leadership, which leads to a slowdown in development. Currently, the main goal for Ukraine should be the scientific development of its capabilities, their development and implementation of the knowledge of European colleagues to modernize existing and explore new ways to improve our level of technological structure.Keywords: steps to neo-economy, technological ways, medium-term priorities of innovative development, high technologies


2021 ◽  
Vol 3 (518) ◽  
pp. 194-201
Author(s):  
N. O. Kondratenko ◽  
◽  
O. Y. Tragniuk ◽  

The article improves the mechanism of management of investment activities of economic entities on the basis of coordination of the interests of all participants in the investment process through the use of adequate management instruments. It is found out that the management of investment activity is a complex, multilevel process that involves managerial decisions not only at the level of economic entities – investors and participants in investment activities, but also at the State and region levels. It is noted that the enterprise management system should be flexible and respond in time to changes in the modern economic system. An important aspect in the implementation of investment activity should be the process of both attracting and using investment resources, which in the future will ensure an increase in the value of the enterprise. An improved mechanism of management of investment activity of enterprise is proposed, which includes: consistency and method of management; a sequence of processes and stages, appropriate procedures and instruments; a set of institutional and organizational structures and a complex of forms and methods used by them; a sequence of application of various methods. The practical implementation of such a mechanism is possible by aligning the interests of all participants in the investment process through the use of adequate management instruments. It is concluded that the improvement of the efficiency of management of investment activity of enterprise can be achieved only after taking into account all the factors affecting its level both macro and meso (that is, on the part of the State, region and industry sector), and also at the micro level (on the part of the enterprise itself). Only the combination of efforts both by the State and by individual enterprises at different levels will allow the Ukrainian economy to overcome a number of existing problems and attract the necessary amount of funds for economic development and profitable activities of economic entities. Activation of investment processes in Ukraine is possible under the conditions of development of appropriate mechanisms of management of investment attractiveness of economic entities.


Author(s):  
Yu. Opanasiuk ◽  
Ya. Romanchenko

In modern conditions of public policy reform in all spheres of activity there is a need to re-evaluate the mechanisms of public services. With the advent of a new paradigm of state service to the people, the principles of public services are changing. In democracies, public services are consumer-oriented. Administrative and territorial reform is based on the European experience, so today the concept of providing administrative services from "statehood" to "serving the people of Ukraine" has been completely changed. This concept provides a customeroriented approach to the provision of services and the work of state and municipal bodies. Services are provided on the same principle as in private institutions, because the state now also competes for the consumer. The service idea of the development of the system of public administration is based on the classical economic scheme: "producer of services - consumer". The sustainability and legitimacy of public institutions is related to the quality of modeling, identifying and realizing individual and group interests and needs. The purpose of such a model of management is consumer satisfaction. Responsibility for safety and livelihood rests with the country, which must ensure that the interests and needs of the individual and their groups are met. The article considers the theoretical foundations of providing administrative services at both the state and municipal levels. The experience of foreign countries in the field of administrative services is considered and the main directions that should be introduced into the Ukrainian experience are selected. The concept of administrative service is defined and their classification is given. The key principles of providing administrative services are considered, the range of subjects entrusted with the functions of providing administrative services is determined. When evaluating the current system of providing administrative services, the authors describe in detail the algorithm for providing services by CNAP specialists. A perspective model of functioning of the Centers for providing administrative services is offered. The directions of improvement of the mechanism of management of administrative services by means of electronic government are revealed. On the example of Sumy region, the methods of providing services in the Centers for providing administrative services are analyzed, the main disadvantages and advantages of their functioning are highlighted. One of the ways to improve the provision of administrative services is the introduction of electronic services. Improving the efficiency of providing administrative services by e-government for businesses or citizens, will increase the effectiveness of local governments and public authorities, reduce the risk of corruption in the provision of administrative services and improve the business climate, competitiveness and investment attractiveness of the state.


2017 ◽  
Vol 19 (1(63)) ◽  
pp. 110-115
Author(s):  
M.S. Kukosh

The article considers the institutional framework for the formation of the country and the region investment potential. The state and prospects of Ukrainian legislation in the field of investment, as well as the organization of attraction and support of investments at the state and regional level are investigated. The necessity of systematization of investment legislation of Ukraine, the outcome of which should be the adoption of the Investment Code. It is also grounded that the process of attracting and supporting investments, namely the creation of a separate body for which it would be assigned the task of promoting foreign investment both at the state and at the regional level, also needs to be improved. It is determined that the necessary conditions for increasing the investment activity of domestic enterprises at the state level are the formation and implementation of a well-balanced investment policy, ensuring favorable business climate in the country, development of investment and infrastructure provision of investment processes, etc. At the level of regions and certain sectors of the economy, the development and implementation of regional and sectoral investment development programs should contribute to the effective implementation of investment activities. It is expedient to create a special body that would engage in investment and support of investment projects at the state level, and also had its representative offices in all regions of Ukraine, which would be engaged in supporting local investment projects. This will enable the creation of an effective regional policy, the formation of investment attractiveness, and, thus, to ensure the receipt of investment resources.


Author(s):  
Anna Kryvko

The article is devoted to the definition of modern trends in investment development of the hotel industry of Ukraine. The development of the hotel business has a positive impact on the economy of any country. The quality of accommodation services in Ukraine is much lower than in European countries, but Ukraine has all the opportunities to achieve a higher level. It will be possible under the condition of creating a favorable investment climate, as well as attracting foreign investment for the development of the hotel industry of Ukraine. Therefore, it is important to study current trends in investment development of hotel enterprises. The main factors influencing the process of attracting investment in the hotel business are studied. The directions of development and improvement of the investment climate in Ukraine are determined. The modern development of the hotel business investment process is analyzed. New approaches to attracting investment in the hotel industry are proposed. New methods of attracting foreign investment in the hotel business of Ukraine have been developed. The relationship between the development of the hotel industry and other sectors of the economy has been established. The influence of the state on attracting foreign investments is studied. Necessary changes at the state level have been identified in order to attract investments to the country. The dynamics of the investment attractiveness index from 2012 to 2020 is analyzed. The investment climate and business climate of Ukraine are considered and analyzed. The positive and negative moments that have an impact on him are highlighted. The main factors that improve the investment attractiveness of any country are identified. The economic factors that play a crucial role in improving the investment climate are listed. Modern tendencies of hotel business development in Ukraine are revealed. The factors, in particular economic and socio-economic, that affect the development of various industries of the country and directly those that have an impact on the hotel industry are highlighted. The main methods of attracting foreign investment are structured. Factors that ensure overcoming or reducing investment risks are identified. The main tendencies of investment development of hotel business in Ukraine are formed.


Author(s):  
Anara Sherbekova ◽  
Sabina Esenbekova

The article examines the role of investments in the development of the economy of the Kyrgyz Republic in the context of the integration of the Eurasian Economic Union, presents regional aspects of investment processes in the Kyrgyz Republic, analyzes the main indicators of investment activity in terms of economic activities and regional distribution. In our country, investments play an important role in the development of both regions of the country, and medium and large businesses. It is difficult for enterprises to choose independently from the crisis, and the state does not always have the means to subsidize and invest in enterprises and regions. Thus, if the state is interested in a stable and strong economy, then it should create a favorable investment climate at the legislative and executive levels. The formation of a favorable investment climate in the country, which determines the profitability of the investment process, is one of the main tasks facing the state.


Author(s):  
Ю. М. Оборотов

В современной методологии юриспруденции происходит переход от изучения состо­яний ее объекта, которыми выступают право и государство, к постижению этого объек­та в его изменениях и превращениях. Две подсистемы методологии юриспруденции, подсистема обращенная к состоянию права и государства; и подсистема обращенная к изменениям права и государства, — получают свое отображение в концептуальной форме, методологических подходах, методах, специфических понятиях. Показательны перемены в содержании методологии юриспруденции, где определяю­щее значение имеют методологические подходы, определяющие стратегию исследова­тельских поисков во взаимосвязи юриспруденции с правом и государством. Среди наи­более характерных подходов антропологический, аксиологический, цивилизационный, синергетический и герменевтический — определяют плюралистичность современной методологии и свидетельствуют о становлении новой парадигмы методологии юриспру­денции.   In modern methodology of jurisprudence there is a transition from the study the states of its object to its comprehension in changes and transformations. Hence the two subsystems of methodology of jurisprudence: subsystem facing the states of the law and the state as well as their components and aspects; and subsystem facing the changes of the law and the state in general and their constituents. These subsystems of methodology of jurisprudence receive its reflection in conceptual form, methodological approaches, methods, specific concepts. Methodology of jurisprudence should not be restricted to the methodology of legal theory. In this regard, it is an important methodological question about subject of jurisprudence. It is proposed to consider the subject of jurisprudence as complex, covering both the law and the state in their specificity, interaction and integrity. Indicative changes in the content methodology of jurisprudence are the usage of decisive importance methodological approaches that govern research strategy searches in conjunction with the law and the state. Among the most characteristic of modern development approaches: anthropological, axiological, civilization, synergistic and hermeneutic. Modern methodology of jurisprudence is pluralistic in nature alleging various approaches to the law and the state. Marked approaches allow the formation of a new paradigm methodology of jurisprudence.


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