ENTERPRISES INVESTMENT ACTIVITY: SOURCES OF RECOVERY
Cite as APA style citation
Guljajeva N., Vavdijchyk I. Investycijnaaktyvnist' pidpryjemstv: dzherelavidnovlennja. Visnyk Kyi'vs'kogo nacional'nogo torgovel'no-ekonomichnogo universytetu. 2021. № 4. Р. 36-55.
JEL Classification G31
GULIAIEVA Nataliia,
Doctor of Sciences (Economics), Professor,
Professor at the Department of Economics and Business Finance
of Kyiv National University of Trade and Economics
19, Kioto str., Кyiv, 02156, Ukraine
E-mail: Ця електронна адреса захищена від спам-ботів. вам потрібно увімкнути JavaScript, щоб побачити її.
ORCID: 0000-0002-7184-0803
VAVDIICHYK Iryna,
Candidate of Sciences (Economics), Associate Professor,
Associate Professor at the Department of Economics and Business Finance
of Kyiv National University of Trade and Economics
19, Kioto str., Кyiv, 02156, Ukraine
E-mail: Ця електронна адреса захищена від спам-ботів. вам потрібно увімкнути JavaScript, щоб побачити її.
ORCID: 0000-0002-2787-0327
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.
Guljajeva N., Vavdijchyk I. Investycijnaaktyvnist' pidpryjemstv: dzherelavidnovlennja. Visnyk Kyi'vs'kogo nacional'nogo torgovel'no-ekonomichnogo universytetu. 2021. № 4. Р. 36-55.
FREE FULL TEXT (PDF)
DOI: http://doi.org/10.31617/visnik.knute.2021(138)03
JEL Classification G31
GULIAIEVA Nataliia,
Doctor of Sciences (Economics), Professor,
Professor at the Department of Economics and Business Finance
of Kyiv National University of Trade and Economics
19, Kioto str., Кyiv, 02156, Ukraine
E-mail: Ця електронна адреса захищена від спам-ботів. вам потрібно увімкнути JavaScript, щоб побачити її.
ORCID: 0000-0002-7184-0803
VAVDIICHYK Iryna,
Candidate of Sciences (Economics), Associate Professor,
Associate Professor at the Department of Economics and Business Finance
of Kyiv National University of Trade and Economics
19, Kioto str., Кyiv, 02156, Ukraine
E-mail: Ця електронна адреса захищена від спам-ботів. вам потрібно увімкнути JavaScript, щоб побачити її.
ORCID: 0000-0002-2787-0327
ENTERPRISES INVESTMENT ACTIVITY: SOURCES OF RECOVERY
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.
REFERENCES
- Cherep, A. (2018). Upravlinnia efektyvnistiu investytsiinoi diialnosti sub’iektiv pidpryiemnytstva [Managing the efficiency of investment activities of business entities]. Kyiv: Condor [in Ukrainian].
- Fedorenko, V. (2016). Investuvannia v Ukraini v umovakh hlobalizatsii [Investing in Ukraine in the context of globalization]. Kyiv: DKS Center LLC [in Ukrainian].
- Savchuk, L. (2019). Teoriia ta metodolohiia formuvannia investytsiino-finansovoi stratehii rozvytku sub’iektiv natsionalnoho hospodarstva [Theory and methodology of formation of investment and financial strategy of development of subjects of national economy]. Dnipro: Jourfund[in Ukrainian].
- Bryukhovetska, N. (2019). Investytsiina aktyvnist pidpryiemstv z vyrobnytstva produktsii z vysokoiu dodanoiu vartistiu v umovakh obmezhenykh rynkiv paradyhma ta mekhanizmy zabezpechennia [Investment activity of enterprises with production of products with high added value in the conditions of limited markets paradigm and mechanisms of providing]. Kyiv [in Ukrainian].
- Fomishyna, V. (2017). Ukrainayakretsypiientpriamykhinozemnykhinvestytsii: obsiahidynamika. Suchasni tendentsii mizhnarodnykh ekonomichnykh vidnosyn i zovnishnoekonomichni zviazky Ukrainy [Ukraine as a recipient of foreign direct investment: volume and dynamics. Current trends in international economic relations and foreign economic relations of Ukraine]. Kherson: LLC"VKF" STAR"LTD" [in Ukrainian].
- Belenkova, O. (2013). Ekonomichna stiikist malykh budivelnykh pidpryiemstv Ukrainy: otsinka, tendentsii, perspektyvy [Economic stability of small construction enterprises of Ukraine: assessment, trends, prospects]. Problems of the economy, 3, 51-62 [in Ukrainian].
- Muzichenko, T. (2014). Investment and investment activity: the conceptual apparatus of sustainable economic development. International research and production journal,3 (25), 161-167 [in Ukrainian].
- Safonova, L. (2013). Analiz regionalnyih osobennostey razvitiya sferyi infokommunikatsiy: issledovanie investitsionnyih prioritetov [Analysis of regional features of the development of the sphere of info communications: research of investment priorities]. Germany: Palmarium academic publishing [in Russian].
- Vektory ekonomichnogho rozvytku 2030. Kabinet Ministriv Ukrajiny [Vectors of economic development 2030. Cabinet of Ministers of Ukraine].nes2030.org.ua.Retrieved fromhttps://nes2030.org.ua/docs/doc-vector.pdf [in Ukrainian].
- Audyt ekonomiky Ukrajiny[Audit of the economy of Ukraine]. nes 2030.org.ua.Retrieved fromhttps://nes 2030.org.ua/docs/doc-audit.pdf [in Ukrainian].
- Derzhavna sluzhba statystyky Ukrajiny [State Statistics Service of Ukraine].ukrstat.gov.ua. Retrieved fromhttps:// www/ukrstat.gov.ua.
- Kravchenko, O. (2014). Ocinka investycijnoji aktyvnosti promyslovykh pidpryjemstv v Ukrajini[Estimation of investment activity of industrial enterprises in Ukraine].Efektyvna ekonomika– Efficient economy, 8.Retrieved fromhttps://www.economy.nayka.com.ua/?op=1&z=3269[in Ukrainian].
- Infljacijnyj zvit NBU [NBU inflation report]. bank.gov.ua.Retrieved frombank.gov.ua/admin_uploads/article/IR_2020_Q4.pdf?v=4[in English].
- Geets, V. M. (2011). Strukturni zminy ta ekonomichnyj rozvytok Ukrajiny[Structural changes and economic development of Ukraine]. Kyiv: NAN Ukrajiny, In-t ekon. ta proghnozuvannja [in Ukrainian].
- Svitovyj rejtyngh za indeksom ghlobaljnoji konkurentospromozhnosti [World ranking according to the global competitiveness index].gtmarket.ru.Retrieved fromhttps://gtmarket.ru/ratings/global-competitiveness-index [in English].
- Doing Business – sim skhodynok ughoru[Doing Business – seven steps up].msfz.ligazakon.ua.Retrieved fromhttps://msfz.ligazakon.ua/ua/magazine_article/FZ002008[in Ukrainian].
- Indeks investycijnoji pryvablyvosti Ukrajiny Nastroji investoriv u 1-mu pivrichchi 2020 roku [Investment attractiveness index of Ukraine Investor sentiment in the first half of 2020]. eba.com.ua.Retrieved fromhttps://eba.com.ua/wp-content/uploads/2020/07/EBA-InvestIndex_1H-2020_UKR.pdf[in Ukrainian].
- Geets, V. (2006). Cinova konkurentospromozhnistj chy cinova stabiljnistj: dualizm polityky ekonomichnogho zrostannja [Price competitiveness or price stability: the dualism of economic growth policy]. Kyiv: Instytut ekonomiky ta proghnozuvannja NAN Ukrajiny [in Ukrainian].
- Postanova Kabinetu Ministriv Ukrajiny "Pro vnesennja zmin do postanovy Kabinetu Ministriv Ukrajiny vid 16.02.2011 № 232" vid 16.09.2015 № 713 [Resolution of the Cabinet of Ministers of Ukraine "On Amendments to the Resolution of the Cabinet of Ministers of Ukraine dated 16.02.2011 № 232" № 713 from16.09.2015].zakon.rada.gov.ua.Retrieved fromhttps://zakon.rada.gov.ua/laws/show/ru/713$ 2015[in Ukrainian].
- Zakon Ukrajiny "Pro vnesennja zmin do dejakykh zakoniv Ukrajiny shhodo usunennja reghuljatornykh bar’jeriv dlja rozvytku derzhavno pryvatnogho partnerstva ta stymuljuvannja investycij v Ukrajini" № 817-VIII vid 24.11.2015 [Law of Ukraine "On Amendments to Certain Laws of Ukraine on Elimination of Regulatory Barriers to the Development of Public-Private Partnerships and Stimulation of Investments in Ukraine" № 817-VIII from 24.11.2015]. zakon.rada.gov.ua. Retrievedfromhttps://zakon.rada.gov.ua/ laws/show/81719 [inUkrainian].
- Zakon Ukrajiny "Pro derzhavnu pidtrymku investycijnykh proektiv zi znachnymy investycijamy" № 1116-IX vid 17.12.2020 [Law of Ukraine "On state support of investment projects with significant investments" № 1116-IX from 17.12.2020 № 1116-IX]. zakon.rada.gov.ua. Retrievedfromhttps://zakon.rada.gov.ua/laws/show/ 1116-20 [inUkrainian].