Науковий вісник НГУ

The role of the institutional environment in regulating innovative activities in the industry

• 
• 

User Rating:  / 0

PoorBest 

Details

Category: Content №5 2025

Last Updated on 25 October 2025

Published on 30 November -0001

Hits: 2539

Authors:

T. Herasymenko, orcid.org/0000-0002-5437-437X, Dnipro University of Technology, Dnipro, Ukraine, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

M. Bieloborodova, orcid.org/0000-0001-8329-7679, Dnipro University of Technology, Dnipro, Ukraine, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

L. Bezuhla*, orcid.org/0000-0002-6520-4325, Dnipro University of Technology, Dnipro, Ukraine, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

O. Atamas, orcid.org/0000-0002-7511-8586, Dnipro State Agrarian and Economic University, Dnipro, Ukraine, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Yu. Makukha, orcid.org/0000-0001-6931-9042, Dnipro University of Technology, Dnipro, Ukraine, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

* Corresponding author e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

повний текст / full article

Naukovyi Visnyk Natsionalnoho Hirnychoho Universytetu. 2025, (5): 142 - 152

https://doi.org/10.33271/nvngu/2025-5/142

Abstract:

Purpose. To determine the factors of innovative development of industrial enterprises of Ukraine in conditions of economic destabilization, based on taking into account the asymmetric influence of the institutional environment, human capital and market development, for further identification of priority areas of state policy.

Methodology. To assess the impact of the institutional environment, human capital and market conditions on the results of innovation activity, a multifactor econometric model was applied, which allows for the identification of asymmetries in the impact of different components on innovation efficiency. Statistical analysis of the Global Innovation Index indicators was used to identify key environmental factors that stimulate or inhibit the innovative activity of industrial enterprises.

Findings. The key indicators of innovation activity in Ukraine were analyzed, and their compliance with the target challenges was established. The dynamics of the Global Innovation Index and its components were assessed. Key areas requiring improvement were identified, and the indicators of international ratings relatively to the formation of Ukrainian innovation ecosystem were assessed. The main results of the study indicate the presence of an imbalance in the influence of the institutional environment and human capital on innovation efficiency, which indicates the fragmentation of policy and insufficient integration of scientific developments into industry. At the same time, market mechanisms show a positive impact, emphasizing the importance of investment activity, access to financing and developed innovation infrastructure.

Originality. An economic and mathematical model is constructed of the multifactorial efficiency of state regulation of the innovative activity of industrial enterprises of Ukraine, which considers the asymmetric influence of key factors: the negative impact of the institutional environment and human capital, as well as the positive impact of market development. The proposed approach allows assessing the relationship between the conditions for innovative activity and their performance as well as identifying priority areas of state policy.

Practical value. The developed model can serve as a tool for monitoring the effectiveness of regulatory measures and determining priority areas of economic stimulation of innovations. The results obtained can be used to implement effective mechanisms of state regulation of innovation activity in conditions of limited resources, martial law and economic instability.

Keywords: innovations, industrial enterprises, state regulation, investments, innovation market

References.

1. Bila, I., Posna, V., & Shevchenko, O. (2023). Innovative development as a factor of the post-war economy of Ukraine. Scientific Papers NaUKMA. Economics, 8(1), 10-16. https://doi.org/10.18523/2519-4739.2023.8.1.10-16

2. Bokovets, V., Moroz, O., & Kraevska, A. (2024). Innovation and investment perspective activities in Ukraine. Innovation and Sustainability, 2, 11-19.

3. Dzyuba, O. M., & Shevchenko, O. E. (2021). Economic and legal analysis of the implementation of the “Strategy for the development of the sphere of innovative activity for the period until 2030”. Economy and society, 23. https://doi.org/10.32782/2524-0072/2021-23-14

4. Lepetyukha, N. V., & Lypska, A. S. (2018). Current state of innovative activity of industrial enterprises of Ukraine. Economy and Society, 18, 150-158.

5. Mamchur, V., & Studinska, G. (2024). The Paradox of Innovative Development of Ukraine. Socio-Economic Problems and the State, 1(30), 65-74.

6. Pidorycheva, I. Yu., & Kovchuha, L. I. (2019). Analysis of correlation between innovative costs and volumes of realized innovative products in the industry of Ukraine. Economy of industry, 3(87), 76-102. http://doi.org/10.15407/econindustry2019.03.076

7. Strilets, V., Franko, L., Dykha, M., Ivanov, M., & Rybina, L. (2024). The influence of innovative development in the EU countries and Ukraine on the competitiveness of national economies: A comparative analysis. Problems and Perspectives in Management, 22(2), 1-16. https://doi.org/10.21511/ppm.22(2).2024.01

8. Tebenko, V. M. (2018). Problems and trends of innovative development of industrial enterprises of Ukraine. Zb. nauk. pratsʹ Tavriysʹkoho Derzhavnoho Ahrotekhnolohichnoho Universytetu (ekonomichni nauky), 2(37), 146-153.

9. Khomenko, O. A. (2020). Development of innovative activity and public administration: some methodological aspects. Inform, 1, 69-77. https://doi.org/10.32983/2222-4459-2020-1-69-77

10.      Coutinho, E., & Oliveira, M. (2024). Innovation’s Performance: A Transnational Analysis Based on the Global Innovation Index. Administrative Sciences, 14(2):32. https://doi.org/10.3390/admsci14020032

11.      Hamid, N., & Zhang, S. (2024). Evaluating innovative factors of the global innovation index: A panel data approach. Innovation and Green Development, 3(1). https://doi.org/10.1016/j.igd.2023.100096

12.      Oturakci, M. (2021). Comprehensive analysis of the global innovation index: statistical and strategic approach. Technology Analysis and Strategic Management, 35(2). https://doi.org/10.1080/09537325.2021.1980209

13.      Verkhovna Rada of Ukraine (2019). Strategy for the Development of the Sphere of Innovation Activity for the Period Until 2030. Retrieved from https://zakon.rada.gov.ua/laws/show/526-2019-%D1%80#Text

14.      National Economic Strategy for the period until 2030 Resolution of the Cabinet of Ministers of Ukraine dated March 3, 2021 No 179. https://zakon.rada.gov.ua/laws/show/179-2021-%D0%BF#Text

15.      Ministry of Digital Transformation of Ukraine (2023). Discussion of the Strategy for the Development of the Innovation Ecosystem in Ukraine. Retrieved from https://surl.li/gjrrsq

16.      State Statistics Service of Ukraine (n.d.). Implementation of innovations at industrial enterprises. Retrieved from http://www.ukrstat.gov.ua

17.      Global innovation index. Retrieved from https://www.wipo.int/en/web/global-innovation-index

18.      Global Startup Ecosystem Index 2024: Ukraine in TOP-50. Retrieved from https://usf.com.ua/global-startup-ecosystem-index-2024-uktaine-in-top-50

19.      Herasymenko, T. V. (2023). Investment and innovation activity of high-tech TNCs in the context of globalization. Scientific Bulletin of the International Humanitarian University. Series: “Economics and Management”, 57, 4-9. https://doi.org/10.32782/2413-2675/2023-57-1

20.      Global Innovation Vision of Ukraine. Full version (public discussions). Retrieved from http://surl.li/ojqwyw

21.      World Bank (2022). The Impact of the War in Ukraine on Global Trade and Investment. Ruta, M. (Ed.), Washington, DC. Retrieved from http://hdl.handle.net/10986/37359

22.      Bieloborodova, M., & Bessonova, A. (2023). Approaches to assessing the environmental responsibility of enterprises in the industrial region. Ekológia (Bratislava), 42(3), 267-278. https://doi.org/10.2478/eko-2023-0030

• < Prev
• Next >