Abstract
The most important motivating factor for enhancing innovation activity is lending as a stimulus for the development of a modern enterprise. The motivation of the Ukrainian enterprise, based on the need for innovative activity lending in ensuring the efficiency of its economic activity, was explored. The authors use different methods of research, for example, analysis and synthesis methods, method of scientific substantiation and comparison of the main indicators of the activity of the investigated enterprise, as well as correlation and regression analysis method. Here is also used the method of correlation and regression analysis to determine the effect of changes in the average annual cost of fixed assets and investments in their modernization on the motivation to increase revenue from the sale of products (goods, products, services), as well as to characterize the functional relationship between income from the sales of products and capital, expenses, investments. The results of the study indicate a close relationship between the indicators, thus there is a high dependence on the increase of the volume of income from the sale of products due to the need to attract financing in the form of lending to innovative products of the investigated enterprise.Lending of innovative activity contributes to the increase of sales volumes and the emergence of its new products, and also serves as a form of strengthening the motivation of enterprise development. As a result of the research, the theoretical principles of using Ukrainian enterprise motivational space with lending involvement for the introduction of innovations have been substantiated.
Highlights
The main factors holding back the development of the lending system are the lack of economic interest in the implementation of investment projects and the inability to mobilize a sufficient amount of long-term financial resources at acceptable interest rates
A natural phenomenon for Ukrainian enterprises is the formation of resources, first of all, at the expense of their own sources, due to various circumstances, both general and specific for each production enterprise, the need for additional financial resources can suddenly and rapidly increase, which determines the need for obtaining loan
The insufficiency of own funds to finance innovation activity at enterprises leads to the search for additional external sources of funding, the most available among them are loans
Summary
The main factors holding back the development of the lending system are the lack of economic interest in the implementation of investment projects and the inability to mobilize a sufficient amount of long-term financial resources at acceptable interest rates. Pashova (2012) explores the place of to the problems of financial support for innovabank investment lending in the overall structure tion development, examining the volume of lendof sources of financing for innovation activities, ing of enterprises, average interest rates on loans, financing of investment and innovation projects. Opment and suggest the introduction of special conditions for compensation of interest rates on Nick Rees (2017) conducts an applied research on long-term loans, stimulating those enterprises to lending, defining a strategy to achieve long-term develop and implement long-term investment and capital growth, seeking to minimize the risk of innovation projects, which will result in an in- loss through strategic investment of capital into crease in gross output, as well as the quality and an actively managed portfolio of private loans to competitiveness of this product and the creation companies in Latin America. During the period 2012–2016, which allows us to conclude on the entire period of the research
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
