Abstract

The article deals with the formation of theoretical concepts and approaches to the identification of state-owned companies as subjects of responsible investment in the context of strengthening their investment attractiveness. In the course of this study, it was determined that among Ukrainian scientists, studies of state-owned companies in the context of their financial efficiency, investment attractiveness for VI and activities in the field of sustainable development are only becoming more widespread. Only some practices of responsible activity of companies, mostly private, are covered. It is proved that with the growing share of state-owned companies among the most influential corporations in the world there is an urgent question of assessing their investment attractiveness based not only on traditional indicators of financial efficiency, but also the ability to repeat value for society on responsible principles embodied in the ESG criteria, indicators. A number of indicators and methods for determining the investment attractiveness of the company are considered. The study found that the mobilization of investment resources, its allocation to infrastructure projects, taking into account the ESG criteria through state-owned enterprises creates the foundations for overall economic growth, not only in targeted sectors of strategic importance, where investments are directed. The participation of state-owned enterprises in the investment support of new sectors of the economy or those in need of restructuring may be an alternative to the introduction of special tax regimes.

Highlights

  • Study, it was determined that among Ukrainian scientists, studies of state-owned companies in the context of their financial efficiency, investment attractiveness for VI and activities in the field of sustainable development are only becoming more widespread

  • It is proved that with the growing share of stateowned companies among the most influential corporations in the world there is an urgent question of assessing their investment attractiveness based on traditional indicators of financial efficiency, and the ability to repeat value for society on responsible principles embodied in the ESG criteria, indicators

  • The study found that the mobilization of investment resources, its allocation to infrastructure projects, taking into account the ESG criteria through state-owned enterprises creates the foundations for overall economic growth, in targeted sectors of strategic importance, where investments are directed

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Summary

Formulation of the problem

State-owned companies (state-owned enterprises) are gradually increasing their position in the world rankings of the largest companies and, given the subject of the study, they need more attention as leaders of sustainable development values and key entities of state investment policy (SIP) of a responsible type. Along with the world's largest private corporations, the role of state-owned companies in financing the Sustainable Development Goals by instruments of responsible investment (RI) is growing due to their growing role in global financial and economic processes and due to their immanent focus on achieving strategic socio-environmental and economic goals. From this point of view, the study of investment attractiveness of state-owned companies for the RI implementation becomes especially important, because they can be drivers of investment resources growth to provide countries progress, including Ukraine, on the path to sustainable development

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