FORMATION OF AN ORGANIZATIONAL AND ECONOMIC MECHANISM FOR ENCOURAGING INVESTMENT ACTIVITY OF ENTERPRISES

Tetyana Korytko, Olga Bogutska, Samira Pіletska

Abstract


Aggravation of crisis processes in the economy impedes trends in technology improvement, which leads to a certain lag behind the current needs of social reproduction and the need to increase the investment activity of enterprises. Encouraging enterprises’ investment activity is carried out through a mechanism in which there are legal, economic, and financial relations between the subjects of investment activity on the attraction of investments predominantly in the priority directions and branches. The research purpose is to determine the essence and provide the author’s interpretation of concept “organizational and economic mechanism for encouraging investment activities of enterprises” and to develop its structure. The research subject is the development of the structure of the organizational and economic mechanism for promoting investment activity of enterprises and substantiation of its main elements. Methodology. The methodological basis of the research is a combination of theoretical and scientific methods: analysis, synthesis, systematization and comparison, theoretical and logical generalization. In particular, the following methods are used: analysis and synthesis – when studying the investment activity of the enterprise; systematisation and comparison – to identify the elements that determine the structure of the organizational and economic mechanism for promoting investment activities of enterprises; scientific abstraction – for the formation of theoretical generalization and conclusions. The paper considers different interpretations of the concept “organizational and economic mechanism for encouraging investment activities of enterprises”. According to the authors, the organizational and economic mechanism for encouraging investment activities of enterprises is a multi-level hierarchical system of the main interconnected elements and their typical groups (subjects, objects, principles, methods, and tools), during and under the influence of which economic relations between all elements of the system are harmonized. Results. As a result of the analysis of the structure of the organizational and economic mechanism, the authors came to the conclusion that any mechanism is a complex structure of interconnected and interacting economic elements, processes, and phenomena that ensure achievement of the set goal. The proposed organizational and economic mechanism for promoting investment activity of enterprises allows investors to minimize investment costs, reduce risks when entering into an investment agreement, or more accurately estimate future revenues from project implementation. Further research directions are deepening of the interrelation of specific features of investment processes in Ukraine with its institutional environment, determination of features of economic relations as the structure of institutes that provide an overflow of investment resources from financial to real sectors of the economy. Practical implications. The practical significance is manifested in the possibility of using the proposed organizational and economic mechanism to encourage investment activities of enterprises, which ensures the effectiveness of managerial influences while promoting investment activity to achieve a specific goal in the external and internal environment of the enterprise. Value/originality. The originality is the substantiation of structural elements of the organizational and economic mechanism for promoting investment activity of enterprises that influence and determine the directions of encouragement of investment activities of enterprises, which allows combining the study of active business processes, financial support, and creation of information support.

Keywords


investment activity, promotion, mechanism, organizational and economic mechanism, investment activities

Full Text:

PDF

References


Amosha, O. I. (2005). Orhanizatsiyno-ekonomichni mekhanizmy aktivizatsiyi innovatsiynoi diyalnosti [Organizational and Economic Mechanisms for Activating Innovation in Ukraine]. Economy of industry, 5, 15-21.

Buleev, I. P., Paderin, I. D. (2006). Sinirgiticheskijj effect povyshenija ekonomicheskojj effektivnosti v Ukraine [Synergetic effect of increasing the economic efficiency of an industrial enterprise]. Economy. Finances. Right, 1, 15-21.

Bryl, I. V., Vasylenko, T. D. (2015). Vyznachennya etapiv mekhanizmu upravlinnya nematerialnymy aktyvamy padpryemstva [Determination of stages of the management mechanism of intangible assets of the enterprise]. Strategy and mechanisms of regulation of industrial development.

Bucel, V. T. (2003). Velykyi tlumachnyi slovnyk suchasnoyi ukrayinskoyi movy [Great tlumachny dictionary of Ukrainian]. K.: Іrpin: WTF "Perun".

Bryukhovetska, N. Yе., Korytko, T. Yu., Bryl, I. V. (2016). Otsinyuvannya investytsiynoyi akryvnosti pidpryemstva za kriteriem dodanoyi vartosti [Estimation of investment activity of the enterprise on the criterion of added value].

Strategy and mechanisms of regulation of industrial development.

Bryukhovetska, N. Yе., Ivanenko, L. V. (2017). Nauchnye podkhody k opredeleniju ehkonomicheskojj sushhnosti investicionnojj aktivnosti predprijatijj Ukrainy I ee ocenka [Scientific approaches to the definition of the economic essence of investment activity of enterprises of Ukraine and its evaluation]. Problems of the economy, 2, 184-192.

Budyakov, V. Ye. (2008). Metody pidvyshchennya investytsiynoyi aktyvnosti rehionu [Methods of increasing investment activity in the region] (PhD Thesis), Donetsk: Institute of economic and legal research.

Butyrina, V. M., Charhaziya, T. Z. (2012). Investicionf aktivnost ta proaktyvnist v ekonomitsi mista [The essence and features of investment activity in the economy of a large industrial city]. Scientists note the Taurian National University, 3, 46-54.

Bohutska, O. A., Bryukhovetskyi, Ia. S. (2017). Ocenka urovnja investicionno-innovacionnojj aktivnosti vo vzaimisvjazi s politilojj intelektyalizacii I motivacii tryda personala promyshlennukh predprijatijj [Evaluation of the level of investment and innovation activity in connection with the policy of intellectualization and motivation of labor of industrial personnel]. Visnyk ekonomicheskojj nauki Ukrainu, 1, 19-25.

Chukina, I. V. (2014). Orhanizatsiyno-ekonomichni mekhanizm u systeni upravlinnya vyrobnycho-hospodarskoyi diyalnosti ahrarnykh pidpryemstv [Organizational and economic mechanism in the system of management of production and economic activity of agrarian enterprises]. Economic analysis, 3, 230-236.

Cherep, A. V., Krylov, D. V. (2014). Orhanizatsiyno-ekonomichni mekhanizm investytsiynykh proektiv [Organizational and economic mechanism of investment projects of industrial enterprises: the essence, approaches to the definition]. Economic Herald of the University, 30(1), 102-108.

Shkilniuk, O. M. Orhanizatsiyno-ekonomichni mekhanizm reguluvannya innovatsiynoyi diyalnosti [Organizational and economic mechanism of regulation of innovation activity] (PhD Thesis), Kyiv: Research Institute of Economics.

Charhaziya, T. Z. (2014). Sutnist ta osoblyvosti investicionnojj aktivnosti v ekonomitsi promyslovoho mista [The essence and features of investment activity in the economy of a large industrial city]. Investment Economics, 5, 157-162.

Honcharuk, A. H. (2009). Formirovanie obshego mekhanizma upravlenija ehffektivnostju predprijatiha [Formation of the overall mechanism of enterprise performance management]. Economy of industry, 2, 164-175.

Holyshcheva, Ye. O. (2012). Pryntsypy formuvannya orhanizatsiyno-ekonomichni mekhanizmu upravlinnya spozhyvchim kapitalom promyslovoho pidpryyemstva [Principles of formation of organizational and economic mechanism of management of consumer capital of an industrial enterprise]. Effective economy (electronic journal), no. 7. Retrieved from: http://www.economy.nayka.com.ua/?op=1&z=2635 (accessed 10 May 2018)

Khryniuk, O. S., Derhaliuk, M. O. (2017). Henezys naukovoyi dumky shchodo ponyattya «orhanizatsiynoekonomichnyi mekhanizm» [Genesis of scientific thought regarding the concept of "organizational and economic mechanism"]. Economic Bulletin of NTUU "KPI", 14, 82-97.

Kalashnik, V. S. (2002). Tlumachnyi slovnyk ukrayinskoyi movy [Interpretative dictionary of the Ukrainian language]. Kharkiv: Flag.

Khaietska, O. P. (2016). Formuvannya ta efektyvne funktsionuvannya orhanizatsiyno-ekonomichnoho mekhanizmu tsukroburyakovoho vyrobnytstva [Formulation and effective functioning of the organizationeconomical mechanism of the Tsukroburyak vibrobitvita]. Agrosvit, 17, 37-43.

Kozachenko, H. V. (2003). Orhanizatsiyno-ekonomichni mekhanizm yak instrument upravlinnya pidpryemstvom [Organizational and economic mechanism as an enterprise management tool]. Economy. Management. Enterprise, 11, 107-111.

Meyta, V. I. (2014). Formuvannya orhanizatsiyno-ekonomichni mekhanizmu upravlinnya ekonomicjnoyu bezpekoyu pidpryemnytskoyi diyalnosti [Formation of organizational and economic mechanism for managing economic security of entrepreneurial activity]. Scientific notes of the National University "Ostroh Academy", 27, 15-19.

Piletska, S. T. (2016). Orhanizatsiyno-ekonomichni mekhanizm realizatsiyi stratehiyi zabezpechennya innovatsiynoyi akryvnoati aviapidpryemstv [Organizational and economic mechanism for implementing the strategy for providing innovative activity of airlines]. Economic Herald of the National Mining University, 1(53), 102-109.

Savchenko, O. V., Soloviov, V. P. (2013). Sutnist ta skladovi orhanizatsiyno-ekonomichni mekhanizmu stymulyuvannya innovatsiynoi diyalnosti pidpryemstva [The essence and components of the organizational and economic mechanism for stimulating innovation activity in the enterprise]. Effective economy (electronic journal), no. 12. Retrieved from: http://www.economy.nayka.com.ua/?op=1&z=2635 (accessed 10 May 2018)

Savina, S. S. (2012). Orhanizatsiyno-ekonomichni mekhanizm pravlinnya pidpryemstvom molochnoyi promyslovosti [Organizational and economic mechanism of the management of the dairy industry]. Collection of

scientific works of VNAU, 3, 162-166.

Sokolova, A. (2009). Orhanizatsiyno-ekonomichni mekhanizm formuvannya kooperatyviv v Ukrayini [Organizational and economic mechanism of functioning of cooperatives in Ukraine]. Bulletin of the Kiev National Trade and Economic University, 2, 88-96.

Seleznova, O. O. (2012). Orhanizatsiyno-ekonomichnyi mekhanizm upravlinnya rynkovoyu diyalnistyu rozdribnykh torhovelbykh pidpryyemstv: monohrafiia [Organizational and economic mechanism of managing the market activity of retail trade enterprises: monohrafiia]. Odessa: KP OMD.

Tarakanov, V. V. (2016). Mekhanizm finansovoho stymulirovanija investicionnojj dejatelnosti [Mechanism of financial incentives for investment activities]. Bulletin of Volgograd State University, 1(34), 98-6105.

Vyshnytska, O. I. (2011). Formuvannya orhanizatsiyno-ekonomichnoho mekhanizmu upravlinnya ekolohichnooriyentovanymy investytsiynymy proektamy [Formation of organizational and economic mechanism of management of environmentally-oriented investment projects]. Bulletin of the Sumy State University, 3, 58-63.

Voloshin, V. I., Shekhlovich, A. M. (2014). Instytutsiyni mekhanizmy ta instrumenty upravlinnya innovatsiynoyi bezpeky Ukrayiny [Institutional Mechanisms and Tools for Managing Innovation Security in Ukraine]. Actual problems of international relations, 122, 109-116.




DOI: http://dx.doi.org/10.30525/2256-0742/2018-4-5-10-17

Refbacks

  • There are currently no refbacks.


Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.