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№ 4/2016№ 4/2016 | Nauk. pr. NDFI 2016 (4): 102–112 | FINANCES OF THE INSTITUTIONAL SECTORS DYBA Oleksandr 1 1SHEE “Kyiv National Economic University named after Vadym Hetman” OrcID ID : https://orcid.org/0000-0002-3615-1180
Financial resources of innovatively active enterprises in Ukraine
The author introduces theoretical definitions of innovatively active enterprises, characterizes the approaches to substantiating the nature of financial resources and provides their classifications. The structure of financial resources involved in financing innovative activity in our country and correlation between them are researched. Particular attention is paid to the nonsystematic character of innovative activity of national entities and the imperfect background for its implementation on the basis of financial resources. The author examines the structure of financial resources at macro- and micro- levels and identifies problems related to their formation. At the macro level this is lack of state financial resources and resources of national and foreign financial institutions; at the micro level – lack of own financial recourses and inadequate level of the use of long-term loans for innovative activity growth. It is proved that the combination of efforts at micro- and macro- levels contributes to problem-solution and innovative activity stimulation. Particularly important outcomes of the research are deeper understanding of the theoretical basics and applied aspect of innovative activity and substantiation of the composition and structure of financial resources of innovatively active enterprises in Ukraine, which directly stimulate innovative development of the national economy and ensure its competitiveness on the international markets.
Keywords:financing, resources, innovative activity, innovative development, innovatively active enterprise. JEL: D92, O31.
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