Науковий вісник НГУ

Investment policy of construction enterprises under the conditions of marital state

• 
• 

User Rating:  / 0

PoorBest 

Details

Category: Content №1 2024

Last Updated on 29 February 2024

Published on 30 November -0001

Hits: 2754

Authors:

O.Iastremska, orcid.org/0000-0002-5653-6301, Simon Kuznets Kharkiv National University of Economics, Kharkiv, Ukraine, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

T.Ivanova, orcid.org/0000-0001-8883-7881, Kyiv National University of Construction and Architecture, Kyiv, Ukraine, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

T.Ordukhanov*, orcid.org/0009-0002-5697-0244, Interregional Academy of Personnel Management, Kyiv, Ukraine, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

O.Denysiuk, orcid.org/0000-0001-5294-4933, Kyiv National University of Construction and Architecture, Kyiv, Ukraine

M.Zinchenko, orcid.org/0000-0003-3775-8862, Kyiv National University of Construction and Architecture, Kyiv, Ukraine

* 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. 2024, (1): 197 - 202

https://doi.org/10.33271/nvngu/2024-1/197

Abstract:

Purpose. Studying the investment policy in construction in wartime conditions, namely: determining the general characteristics of the investment process in construction in wartime conditions; identification of factors affecting investment activity; analysis of the problems of investment activity in these conditions; development of recommendations for improvement of investment policy in construction in wartime conditions.

Methodology. In the process of studying the investment policy of construction enterprises in the conditions of martial law, the following methods were used: expert assessment (allowed obtaining conclusions and recommendations regarding the possibilities of investing in construction projects in conditions of military conflict), scenario modeling (development of various scenarios investing in the construction sector made it possible to analyze the possible consequences and results of each of them), system analysis (taking into account the relationships between various aspects of the investment policy of construction enterprises and its impact on the economy and society as a whole) and marketing research (determining the needs and requirements of the market in relation to investments in the construction sector in the conditions of a military conflict).

Findings. The authors indicated the main problems of construction financing: lack of long-term loans and investments for construction; high interest rates on loans; imperfect legislation in the field of construction; lack of transparency and efficiency in the management of public finances allocated for construction. It is proposed to take the following measures: to create conditions for attracting long-term loans and investments in construction; to reduce interest rates on loans; to improve legislation in the field of construction; to improve the transparency and efficiency of the management of public finances allocated for construction; to improve mechanisms of public-private partnership in the field of construction; to develop programs to stimulate housing construction for low-income citizens; to create conditions for the development of small and medium-sized enterprises in the field of construction. To form the investment attractiveness of the construction industry in Ukraine, the authors suggest creating a favorable investment climate that will guarantee investors the protection of their rights and interests; developing transparent and effective rules and procedures for regulation of construction; ensuring access to quality construction materials and equipment at competitive prices; improving the qualification and level of professional training of construction personnel.

Originality. The article comprehensively researches the investment policy in construction in the conditions of war for the first time. The authors revealed new regularities in the development of the investment process in construction under martial law, developed recommendations for its improvement.

Practical value. The results of the study can be used to form an effective investment policy in construction in wartime conditions. They can also be used to develop measures to support investment activities in construction under martial law.

Keywords: investment policy, construction, martial law, investment process, influencing factors

References:

1. Bohinska, L. O. (2018). Status and prospects of development of the construction industry of Ukraine. Economic studies, 2, 25-28.

2. Dmytrenko, V. I. (2020). Problems and prospects of development of construction industry enterprises. Scientific notes of KROK University, 2(58), 120-127.

3. Luchko, H. Y., & Kohut, I. V. (2020). Current projects of strategic development of the construction industry of Ukraine. Efficient economy, 8. Retrieved from http://www.economy.nayka.com.ua/?op=1&z=8108.

4. Latysheva, O. V., & Saiko, A. D. (2019). Construction industry of Ukraine: current state and its role in ensuring sustainable development of the national economy. Economic Bulletin of Donbass, 2(56), 66-73.

5. Zhovtiak, H. A., & Volokhova, I. V. (2020). Status and prospects of development of construction companies. Scientific notes of TNU named after V.I. Vernadsky. Series: Economics and Management, 31(70), 50-55.

6. Adamska, I. (2019). Current state and development trends of the construction industry of Ukraine. Galician Economic Bulletin, 5(60), 7-15.

7. Atroshchenko, O. (2021). Problems of attracting investments into the economy of Ukraine. Education and science of today: Intersectoral issues and development of sciences. European Scientific Platform. https://doi.org/10.36074/logos-19.03.2021.v1.03.

8. Balanska, O., Yemelyanov, O., & Melnyk, V. (2021). Indicator system of retrospective assessment of the riskiness of investing in residential construction. Scientific practice: Modern and classical research methods. European Scientific. https://doi.org/10.36074/logos-26.02.2021.v1.06.

9. Balanska, O. I. (2016). Typology of risks of the housing construction financing system. Bulletin of Mykhailo Ostrogradsky National University of Kremenchug, 4(99),100-107.

10. Bukreeva, D. S., & Nosal, O. V. (2022). International financing and restoration of financial stability of Ukrainian enterprises in the post-war period. Efektyvna ekonomika, 12. https://doi.org/10.32702/2307-2105.2022.12.39.

11. Viter, O., Kylin, O., & Martyn, O. (2023). World experience of post-war economic recovery: An example for Ukraine. Theoretical and practical aspects of modern scientific research. European Scientific Platform. https://doi.org/10.36074/logos-28.04.2023.02.

12. Goncharov, Yu. V., & Korotenko, V. V. (2022). Successive steps towards the recovery of Ukraine’s economy. Research on innovations and prospects for the development of science and technology in the 21^st century. Publishing house “Liha-Pres”. https://doi.org/10.36059/978-966-397-278-7-69.

13. Dzyubanovska, N., & Maslii, V. (2023). Foreign direct investments and their impact on the finances of business entities: Theoretical aspect. Transformational processes of the national economy in today’s conditions. Publishing house “Liha-Pres”. https://doi.org/10.36059/978-966-397-296-1-26.

14. Zayats, V. S. (2019). The development of residential construction as a factor in the formation of living conditions of the population. Demography and social economy, 2(36), 137-151.

15. Ivakhnenko, I. (2021). Prospects for the use of modern construction financing mechanisms. Economy and society, 25. https://doi.org/10.32782/2524-0072/2021-25-26.

16. Kulakov, O. O. (2023). Foreign investments as a factor in the development of international relations. Reforming international economic relations and the world economy in modern conditions. Publishing house “Liha-Pres”. https://doi.org/10.36059/978-966-397-295-4-4.

17. Latysheva, O., Rovenska, V., Smyrnova, I., Nitsenko, V., Balezentis, T., & Streimikiene, D. (2020). Management of the sustainable development of machine-building enterprises: A sustainable development space approach. Journal of Enterprise Information Management, 34(1), 328-342. https://doi.org/10.1108/JEIM-12-2019-0419.

18. Kryshtanovych, M., Akimova, L., Akimov, O., Kubiniy, N., & Marhitich, V. (2021). Modeling the process of forming the safety potential of engineering enterprises. International Journal of Safety and Security Engineering, 11(3), 223-230. https://doi.org/10.18280/ijsse.110302.

19. Sumets, A., Kniaz, S., Heorhiadi, N., Skrynkovskyy, R., & Matsuk, V. (2022). Methodological toolkit for assessing the level of stability of agricultural enterprices. Agricultural and Resource Economics, 8(1), 235-255. https://doi.org/10.51599/are.2022.08.01.12.

20. Lelyk, L., Olikhovskyi, V., Mahas, N., & Olikhovska, M. (2022). An integrated analysis of enterprise economy security. Decision Science Letters, 11(3), 299-310. https://doi.org/10.5267/j.dsl.2022.2.003.

21. Akimov, O., Karpa, M., Parkhomenko-Kutsevil, O., Kuprii­chuk, V., & Omarov, A. (2021). Entrepreneurship education of the formation of the e-commerce managers professional qualities. International Journal of Entrepreneurship, 25(7), 1-8.

22. Mia, M. M., Rizwan, S., Zayed, N. M., Nitsenko, V., Miroshnyk, O., Kryshtal, H., & Ostapenko, R. (2022). The impact of green entrepreneurship on social change and factors influencing AMO theory. Systems, 10(5), 132. https://doi.org/10.3390/systems10050132.

23. Nikonenko, U., Shtets, T., Kalinin, A., Dorosh, I., & Sokolik, L. (2022). Assessing the policy of attracting investments in the main sectors of the economy in the context of introducing aspects of industry 4.0. International Journal of Sustainable Development and Planning, 17(2), 497-505. https://doi.org/10.18280/ijsdp.170214.

24. Kovalko, O., Eutukhova, T., & Novoseltsev, O. (2022). Energy-related services as a business: Eco-transformation logic to support the low-carbon transition. Energy Engineering. Journal of the Association of Energy Engineering, 119(1), 103-121. https://doi.org/10.32604/EE.2022.017709.

25. Novak, A., Pravdyvets, O., Chornyi, O., Sumbaieva, L., Akimova, L., & Akimov, O. (2022). Financial and economic security in the field of financial markets at the stage of European integration. International Journal of Professional Business Review, 7(5), e0835. https://doi.org/10.26668/businessreview/2022.v7i5.e835.

• < Prev
• Next >