Methodological aspects of financial support investment and innovation development of agricultural enterprises

Abstract

With the change in the geopolitical and economic situation, the emergence of new threats and challenges for domestic agricultural enterprises, the problem of increasing the efficiency of development, implementation, practical implementation of innovations and investment support of this process is becoming increasingly important. It has been established that the investment climate in Ukraine is extremely unfavorable for investors due to military actions on the territory of our country. Although, the indicator of the investment climate in 2021 acquired a "rather unfavorable" value by 53%, despite the fact that this year Ukraine reached the highest level of income from investments. The main groups of external and internal threats (at the state and enterprise level) to the innovative and investment development of agrarian enterprises are systematized and the system of financial support for their investment development is presented. Among the methods used to finance the investment and innovative development of agricultural enterprises, the following are distinguished: self-financing, equity, loan, state financing, financing at the expense of free assistance and charitable contributions, mixed financing, leasing, project financing. The principles of the functioning of the investment mechanism of agricultural enterprises are developed and the most important positive and negative aspects of investment financing sources are presented in a generalized form. With the help of rational formation and distribution of limited resources to obtain the necessary result, it is possible to achieve investment efficiency. In turn, improving the quality of investment becomes the basis of the effective process of development and implementation of innovations, innovative development of the economic system. An innovative approach to determining the investment and innovation mechanism of agricultural enterprises is proposed. The list of principles of the investment and innovation mechanism (as an interacting set of methods, forms, sources of investment) is supplemented by the principles of scientificity and priority. The advantages and disadvantages of the main sources of investment financing (state financing; public-private partnership; profit; depreciation deductions; insurance reimbursements; bank credit; leasing; issue of shares; project financing; bond loans; public funds; funds of foreign investors) are revealed. The main factors affecting the choice of specific sources of investment resources formation of agricultural enterprises are noted. A system of indicators for evaluating the effectiveness of innovation implementation by types of effect is provided.