Abstract
The article is devoted to the methodological approach development of the foundations of organization the credit relations of the bank with agricultural enterprises, taking into account the risk of lending to innovation projects at early stage of financing. The lack of theoretical approaches and methodological practical developments on the formation, means of organization, comprehensive assessment and approaches to the implementation of innovation projects of innovative and active agricultural enterprises in the bank lending process realization is emphasized. As a result of the critical analysis of scientific literature, it is noted that lending to innovation projects of enterprises is a high-risk and underdeveloped segment of the credit market. It is said that the lack of experience and official statistics on the volume of banks loans to the innovative projects realization in the agricultural sector are the main factors that complicate the assessment of the banks participation in the innovation development in Ukraine. It is emphasized that the solution of these problems is important for modern banks, as lending to innovations is a promising direction of the bank resources investment. However, it is required methods of assessment not only the effectiveness of the innovation project, but also the risks are inherent in it. Groups of the innovation risk factors at the early stage of financing have been formed. An empirical scale of the innovation risk level has been developed. The calculation of the risk of bank lending to innovation project is proposed. The use of a step-by-step analysis of the loan agreement terms in the process of organization the bank lending to innovation projects of agricultural enterprises it is recommended. The results of the study can be used by scientists and in practice of the banks in determining the risk level which impacts on the innovation project and amount of the unforeseen costs and materials. Prospects for the further development in this field of research are to develop methodological approaches to the calculation the bank interest rate, taking into account the risk of lending to innovation project of agricultural enterprise.
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