Financing Of Innovative Activity Research Articles

Innovation activity of industrial enterprises: the current situation and areas of improvement

The article is devoted to topical issues of research of innovative activity at domestic industrial enterprises, its importance for the domestic economy is substantiated. The purpose of the study is to analyze the current state of innovation activity of industrial enterprises and to formulated irections for its improvement. The methodological basis of the study is the current abstraction, analogies and theoretical generalizations - generalization of existing approaches to ensuring the innovative activities of industrial enterprises, justification of the need and highlighting the main problems of introducing innovation processes in domestic enterprises; methods of system, comparative and economic-statistical analysis - to study the state of innovative activity of industrial enterprises of Ukraine; graphic - for visual representation and schematic and graphic construction of theoretical and practical provisions of the study; abstract-logical - for the logical generalization of theoretical principles and formulation of research conclusions. The object of research is innovation. The subject of the research is the current state and directions of increasing the innovative activity of industrial enterprises. Dynamics of innovation activity and process of introduction of innovations in the domestic industryare analyzed. Data on implementation of innovations at domestic enterprises are presented. The structure of sources of financing of innovative activity of industrial enterprises of Ukraine is formed. The factors that impede the activation of innovative activity in modern industrial enterprises are considered. The ways and directions of the problem of activation of innovative development of the enterprises are offered. The directions for innovative activity increase of the industrial enterprises of Ukraine are offered. Thus, based on the conducted research, the most promising areas for increasing the innovative activity of industrial enterprises should be: effective cost management and reducing the cost of production; application of international product certification and standardization of production processes as components of quality management; support of innovation ideas and proposals; improving the level of production organization through the use of upgraded equipment and advanced software; introduction of the latest production technologies and reduction of the duration of the production process; use of modern methodical methods of financial support of innovation activity; introduction of innovative products into the production process and increase their share in the total volume of products; establishing close cooperation with business partners. Conclusions and prospects for further research. Thus, the results of the research indicate the presence of a number of problems in intensifying the innovative activity of industrial enterprises. With the help of the analysis of innovative activity of domestic industrial enterprises the main problems which constrain innovative development of the enterprises are revealed. Mostly financing was carried out at the expense of own funds of enterprises, and the volume of expenditures on innovation activities at the expense of foreign investors, the state budget and lending is observed at a fairly low level. The declining dynamics in the areas of innovation in domestic enterprises and their low share in the volume of industrial production is a manifestation of forced compulsion to increase imports of new equipment and technologies, manufactured products and reduce export operations for domestic innovative products. According to the obtained results the directions directed on activization of innovative activity of the industrial enterprises are formed. The implementation of the proposed measures will significantly increase the level of innovation activity of industrial enterprises in Ukraine, stabilize the accelerated process of renewal of production, effectively use domestic and foreign investment for innovation. Further research on the issue may concern the formation of modern methods of assessing the innovation potential of industrial enterprises and the formation of a mechanism foren hancing the irinnovation activity, which will provide a significant increase in the level of innovation activity of industrial enterprises, stabilization of production renewal processes, expedientuse of internal and attracted external investment ininnovation.

Financing the Development of Science and Innovation in the Republic of Belarus

The strategic priority for the innovative development of Belarus is the formation of a technology intensive sector based on the V and VI technological modes in addition to the traditional sectors of the national economy. However, the scientific and technical potential of the Republic of Belarus is currently not fully utilized. There is a risk of technological lagging against the increasing level of knowledge-intensive GDP in the world. The improvement of the financing of scientific, technical and innovative activity can become an important factor for the development and efficiency of the national innovation system (NIS) and Belarusian economy as a whole. The purpose of the article is to assess and identify current trends in the financing of science and innovation in the Republic of Belarus. The analysis of the dynamics and structure of domestic costs for research and development (R&D) in the Republic of Belarus by industry, type of cost and type of work, source of funding is carried out. The following conclusions are made as a result of the analysis: the costs of research and development tend to increase; the largest share of R&D costs is concentrated in the business sector; the current costs for R&D significantly increased; the current costs are directed mainly to experimental development; the budget fund is the main source of funding for science and innovation in the Republic of Belarus; there are reserves for the expansion of financing of innovative activities through own funds of organizations, foreign investors, money from extra budgetary funds and other organizations.

Does Stock Liquidity Kill Innovation Investment? Evidence from Chinese Listed Firms

Stock liquidity is one crucial financial consideration for investors, which will inevitably affect the equity financing of innovation activities. It is urgent and necessary to investigate the role of stock liquidity on innovation behaviors. Employing the panel datasets that cover 5920 private manufacturing firms listed in China during 2013-2018, we empirically study the impact of stock liquidity on firm innovation investment. Results show that there is a significant inverted U-shaped relationship between stock liquidity and innovation investment, indicating that stock liquidity is a double-edged sword regarding firm innovation. Specifically, the increase of stock liquidity will reduce the cost of stock transactions and attract major shareholders, while active monitoring of major shareholders will promote firm innovation. However, excessive liquidity will increase the pressure on firms to be takeovers, which will lead to short-sighted behavior of firm executives to reduce their investment in long-term innovation activities. Therefore, maintaining moderate stock liquidity could drive firm’s innovation, and the excessive stock liquidity could hurt firm’s innovation. By bridging the financial market research with firm innovation literature, this study generates crucial empirical evidence for technology innovation management theory and practice.

ПЕРЕДУМОВИ ТА ПЕРСПЕКТИВИ ІННОВАЦІЙНО-ІНВЕСТИЦІЙНОГО СПІВРОБІТНИЦТВА УКРАЇНИ ТА КИТАЮ

In the article, the author considers China's position as an initiator and investor of large-scale infrastructure projects and examines its position in the world innovation ratings of countries. In particular, the most large-scale infrastructure project of China in the framework of international cooperation for the development of the great silk road economic belt, which involves the formation of a common space for China and neighboring countries for their stable development, was considered. Examples of implementation of infrastructure projects in Ukraine and the effectiveness of their practical implementation are analyzed. The dynamics of direct investment concentrated in the economy of Ukraine, including China, is considered. It is concluded that despite the dominance of the global trend of slowing economic development, the innovative activity of the world's countries is also gaining momentum, which is expressed in particular in an increase in investment aimed at research and development. We have studied the pace of development and financing of innovation activities in Ukraine, including through budget financing. It is established that now China's economic policy is focused on enhancing the country's innovative development and implementing structural changes. Measures of state support in this direction should be defined as: reducing tax pressure on innovation-oriented companies; providing financial support to real economy entities; creating a favorable environment for research and development; improving legislation in the field of intellectual property protection, and so on. Comprehensive support for the development of scientific and technical clusters of the country allows us to occupy leading positions in the world. The successful experience of China in financing research and development and the dynamics of their investment in recent years are analyzed. A comparative analysis of the innovation and investment opportunities of Ukraine and China was conducted, which allowed us to conclude that there is a significant gap in the level of their innovation and investment growth and the feasibility of cooperation between the countries in the direction of leveling their territorial development. The strategic significance of implementing joint projects of innovation and investment growth in Ukraine and China is substantiated.

ACTIVATION OF INNOVATIVE ENTREPRENEURSHIP DEVELOPMENT

The purpose of the article is to develop proposals for intensifying the development of innovative entrepreneurship in Ukraine. The importance of intensifying innovative entrepreneurship is recognized by any business entity, because new innovative ideas, solutions embodied in a particular product can provide competitive advantages. The presence of entrepreneurial initiative by business entities, the use of effective tools to stimulate innovation, creativity and effectiveness of innovation can significantly enhance innovation entrepreneurship and overall efficiency of the innovation process. The methodological basis of this work is the synthesis of general scientific methods of theoretical and empirical research (method of cognition, analysis and synthesis, generalization and systematization of information). Results. Innovative entrepreneurship covers all stages of the innovation cycle: from the initiation of a new idea to obtaining specific results from the market use of the product. The main subjects of innovative entrepreneurship can be any enterprises and organizations that carry out innovative activities or are innovatively active. To develop effective measures to intensify innovative entrepreneurship, first of all, it is advisable to focus on identifying the strengths and weaknesses of innovative entrepreneurship, as well as opportunities and threats for its intensification in Ukraine. In this sense, it is important to assess the current level of innovation process, its staffing and financial resources, the level of innovation infrastructure, the establishment of integration relations between the main participants in the innovation process, the effectiveness of innovation, demand for innovative products and more. Practical implications. The analysis allowed us to reveal certain results. The strengths of the possible activation of the innovative enterprise include: the presence of a high level of personnel component of scientific potential, which characterizes the ability to generate new ideas; accumulated experience of successful innovation, cooperation between science and business, as evidenced by the main indicators of innovation, the number of innovationactive enterprises and enterprises in industry that implement innovations. Weaknesses for the intensification of innovative entrepreneurship should be highlighted: insufficient funding for science and education; declining trends in almost all performance indicators of innovation, which requires rapid implementation of measures to curb their further development in the field of innovation. Thus, in order to intensify innovative entrepreneurship in the near future, it is advisable to implement a number of measures, the tasks of which cover the following main areas of change: clear awareness of the national economy’s ability to innovate, create conditions for new products, increase its competitiveness; ensuring diversification of sources of financing of innovative activity of enterprises in order to reduce the costs of acquisition and use of innovative products; establishing close and productive interaction of the main participants of innovative entrepreneurship. Value/originality. The use of comprehensive analysis allows to identify the main problems of hidden entrepreneurship, taking into account the specifics of its manifestation in modern conditions.

Particularities in financing tools: A case study of an Agency for Science, Technology and Innovation of Rio de Janeiro State, Brazil

Abstract: This work aims to analyze the objectives and interactions of innovation financing tools from a point of view of a technology, research and innovation foundation. It brings as subject the case of the Technology, Research and Innovation Foundation of the State of Rio de Janeiro (FAPERJ), and its incorporation of a Technology Board. Working side by side with a Scientific Board, it faces the challenge of interact, finance, and boost innovation, whereas the Foundation carries more than 40 years of basic research funding (1980 until 2019) the financing of innovation activities was incorporated in 2002. With the R&D activities in Brazil centered on public University, Research Institutes and only a small presence in companies (only 5% of the innovative companies perform R&D), FAPERJ’s faces the challenge of create financing tools that improves the interaction between these actors. The sample analyzed in this study relates the eligibility criteria used in the FAPERJ’s Technological Development Support (ADT) with similar and inspiring program, the United States of America Small Business Innovation Research (SBIR). As result, we have found the lack of incentives for interaction between universities and business sector, showing that only a small part of the projects financed by FAPERJ can reach the commercialization.

ECONOMIC SUMMARY AND FORMS OF FINANCING INNOVATIVE ACTIVITIES OF AGRARIAN ENTERPRISES

В статті досліджено напрацювання вітчизняних вчених щодо економічної суті, методів та форм фінансування інноваційної діяльності аграрних підприємств. Доведено, що фінансування інноваційної діяльності в цілому та у сільськогосподарських підприємств зокрема потребує використання значних обсягів фінансових ресурсів. Визначено чинники, які впливають на низький рівень залучення фінансових ресурсів. Доповнено перелік принципів фінансування інноваційної діяльності сільськогосподарських підприємств. Проаналізовано можливі джерела фінансування інноваційної діяльності аграрних підприємств та встановлено, що структура джерел фінансування залежить від багатьох факторів, а саме: ринкова вартість позикового капіталу; структура активів підприємства; особливість фінансових цільових рішень на підприємстві; темп зростання реалізації товарної продукції та її стабільність. З'ясовано, що успіх інноваційної діяльності залежить від способу її фінансової підтримки. Крім того значення різних джерел фінансування є не однаковою у структурі фінансування інноваційної діяльності сільськогосподарських підприємств, оскільки залежить від: форми власності господарюючого суб’єкта, строку окупності та особливості інноваційного проекту, що покладений в основу інноваційної діяльності підприємства, а також інших ендогенних та екзогенних факторів. Провідна роль у формуванні власних фінансових ресурсів сільськогосподарських підприємств належить державній фінансовій підтримці. Визначено, що вплив держави на процес фінансування здійснюється за методом прямої фінансової підтримки або непрямого стимулювання інноваційної активності. Використання власних ресурсів як джерела фінансування інноваційної діяльності аграрних підприємств істотно знижує ризик неплатоспроможності й банкрутства господарюючого суб’єкта. Фінансування інноваційної діяльності аграрних підприємств є складним багатогранним процесом, що відображає тісний зв'язок всіх його суб’єктів.

Фінансування інноваційної діяльності: досвід України та зарубіжних країн

Фінансування інноваційної діяльності: досвід України та зарубіжних країн

Principles of providing innovative development of enterprises

Purpose. The aim of the article is to substantiate the feasibility of using theoretical and methodological tools to ensure the innovative development of enterprises and to further forming the practical basis for their effective functioning. Methodology of research. General and special methods are used in the course of research, in particular: dialectical, monographic and system analysis – to substantiate the essence of innovations, innovative development, to determine the possibilities of further use of the “TAMO” model; graphic, abstract and logical – when forming conceptual bases of innovative development of enterprises. Findings. It is determined that the innovative development of an enterprise should be defined as a process of directed regular change of its state, which depends on purposeful, consistent movement to a balanced innovation state under the influence of synergistic action of innovative potential, periodic regrouping of forces caused by the logic of STP, the source of which are innovations that create innovations that create new opportunities through the ability to find strategic priorities and purposeful search for ideas, new solutions, ways to commercialize them and implement them as stimulants ensure victory in the competition. It is proved that the formation of the conceptual foundations for ensuring the innovative development of the enterprise is directly influenced by the features that determine the theoretical foundations, the methodological basis, the main components of management and its further improvement. The scheme of conceptual bases for the management of innovative development of enterprises is formed, which contains the concept of object and subject of research, mission and goals, methodological basis and levels by which they study the need for innovations, the potential of innovative development is evaluated, the directions of realization are determined: theoretical, methodological, instrumental, organizational and practical, commercialization of research results, international and public-private partnership on financing of innovative activity and efficiency in innovative business. Originality. The definition of the essence of innovative development of the enterprise has been further developed; the scheme of conceptual and practical bases of providing of such development of the enterprises with definition of directions of realization has been formed. Practical value. The obtained results of the study can be used to extend the use of the “TAMO” model in the process of creating and commercializing innovations through the formation of an innovative trajectory using the conceptual framework scheme to manage the innovation development of enterprises. Key words: innovative development, enterprise, commercialization of innovations, efficiency, management.

Current trends in the financing of the innovative component in the agricultural sector

The article analyzes the issues of financing the innovative component in the agribusiness of Russia. The article brings the analysis of the main indicators of agricultural production and reveals the current state of development of the agricultural sector. The authors highlight the features of the innovation process in the agricultural sector and the main directions of innovation in the activities of agricultural enterprises. The article also analyzes the main indicators of innovative activity in agriculture for the period 2016-2019. The work describes the sources of financing of innovation activities and the structure of institutions to support the innovation component in the agribusiness. The authors proved that the banking system is reluctant to lend to agricultural enterprises, and only a few Russian banks finance innovative developments in the agricultural sector. It is concluded that for the successful development of the agro- industrial complex, it is necessary to introduce innovations in production technologies, which requires increasing investment, as well as strengthening state support for the industry.

The role of foreign investments in the Ukrainian enterprises innovative development financing

The market economy opens wide opportunities for intensification of innovation, so therefore its characteristic feature is the acquisition, use of new knowledge and transformation of knowledge and technologies into a full-fledged factor of production. One of the characteristic features of the market economy and the national economy in general is the ability to attract foreign direct investment, which determines the rapid pace of the country's economic development. Foreign investments, in turn, are indispensable for Ukrainian enterprises in today's realities. Foreign direct investment indicates the long-term interest of foreign investors in the functioning of enterprises, it also stimulates development of enterprises through access to foreign capital. It is a way of development stimulation of enterprises through access to foreign capital. Thus, FDI is a way of combating the problem of low domestic savings. The dynamic development of market relations in Ukraine in the context of the transitive type market transformation requires new approaches to economic management both at the macro level and at the level of individual enterprises. The problems of creating such mechanisms for managing the activities of enterprises, which, in addition to ensuring a sufficient level of solvency, liquidity and profitability, would contribute to the direct growth of the general level of scientific and technical knowledge and, as a result, its use in order to boost business efficiency. In general, innovation is a novelty in the field of engineering, technology, labor organization or management, based on the use of scientific advances and best practices. Innovation is the result of innovative activity, as an activity aimed at transforming research and development or a new approach to the process of providing services. As a result of research the basic problems of financing of innovative activity of the enterprises are studied. Emphasis is placed on the fact that innovation activity involves attracting investment resources of foreign business entities to the process of development and implementation of innovations.

ПЕРСПЕКТИВИ ВПРОВАДЖЕННЯ МЕХАНІЗМУ ВЕНЧУРНОГО ФІНАНСУВАННЯ ІННОВАЦІЙНОЇ ДІЯЛЬНОСТІ ТА ІННОВАЦІЙНО-ІНВЕСТИЦІЙНИХ ПРОЕКТІВ

The article investigates the prospects of implementation of the mechanism of venture financing of innovation activity and innovation and investment projects. The theoretical foundations and the essence of forming the mechanism of venture financing in investment providing innovation activity is generalized. It is revealed that the introduction in Ukraine of venture financing of innovation activity and innovative investment ensuring of industry modernization requires the formation and implementation of the mechanism of such financing, as this mechanism is an important economic tool and is effectively applied by Western countries for innovation and implementation of effective changes. The essence of this mechanism is to collect financial resources, selection of innovative projects for further financing, direction of the venture investment placement and control over the timeliness of the full return of invested investments. It is determined that the main focus of venture capital is to finance enterprises that carry out risky innovations as venture capital is a highly risky capital invested in young enterprises with high potential of rapid growth, developing or implementing innovations. It was investigated that the main goal of venture financing is getting high profit rate, and first of all it concerns high-tech companies with new products and active introduction of innovative processes. It was investigated that integral elements of the venture financing mechanism are the formation and use of levers for stimulating and regulating venture activities. It is reasonable that the implementation of the mechanism of venture financing in the country to modernize the industry and to finance innovative activities of innovative development of enterprises requires the establishment of a complex of instruments of state regulation of venture investment. It is determined that the indisputable advantages of venture financing will also be the possibility of attracting and accumulating financial funds of individual investors of individuals and legal entities, which is able to become the basis of innovative activity and at the same time activates these innovative processes by making population and enterprises of the country immediate participants of the innovation process interested in its positive results, which can result in the socio-economic growth of the country's economy and its economic technological innovation potential.

EVALUATION OF THE EFFICIENCY OF INNOVATIVE PROJECTS UNDER UNCERTAINTY OF THE ADMINISTRATIVE AND LEGAL REGULATION OF EXPERT SCIENTIFIC ACTIVITY IN THE RUSSIAN FEDERATION

The article is devoted to the problems of administrative and legal regulation of expert activities in the scientific and technological sphere, analysis of project financing of innovation activities, methods for evaluating the efficiency of investment and innovation projects, methods for calculating the actual cost of work performed under a government contract, calculating the discounted payback period of innovative projects in the planning and actual implementation stages.

Research of Innovation Development Trends of Ukraine Economy

The article examines the tendencies of innovative development of the national economy of Ukraine. The technological structure of domestic production of goods and services is analyzed and the main problems and threats are identified. The dynamics of innovative activity of Ukrainian enterprises and the structure of financing of innovative activity in the country have been determined, which has allowed to identify problems in this direction. The dynamics of changes in the number of scientific personnel and financing of education and science as the basis for the development of innovative infrastructure of the national economy have been revealed. Keywords innovation development, national economy, technological structure, investment, science, education, capital.

CURRENT STATE OF INNOVATIVE ACTIVITY OF INDUSTRIAL ENTERPRISES IN UKRAINE

The development of human civilization is characterized by the evolutionary nature of transformations. The driving force behind this process has always been innovation. They are the main tool for coping with crisis phenomena, the emergence of which signals the need for change. Transformational processes of the world economy have an innovative nature: with global innovations the continuity of technological processes is involved, which causes fundamental changes in the system of socio-economic relations. The problem of development of innovation activity is especially relevant for Ukraine in the context of its integration into the world economy and the course of socio-economic transformation processes in the state. The formation of an effective innovative economy is the main means of ensuring balanced socio-economic development and the acquisition of appropriate positions. Research on innovation and innovation is developing dynamically. Foreign and domestic scientists and practitioners believe that one of the main factors of economic development is innovation and innovation. Innovation is recognized as a leading factor in socio-economic growth. Thanks to innovations, science has become a major productive force, and knowledge is a major asset. The development of individual settlements, cities, countries and whole regions of the world is directly related to certain types of activities that are decisive at one or another of its stages. The experience of the developed countries of the world shows that the development and stimulation of innovation activity is a guarantee of economic growth of both the individual enterprise and the economy of the country as a whole. Continuous innovation process is a condition for ensuring high competitiveness of both individual companies and national economies. Increasing the innovation activity of enterprises and intensifying the production of innovative products today is a condition of social and economic well-being in each state. Innovation activity is a key factor in increasing the efficiency of production, one of the components of the successful operation of the enterprise, therefore the intensification of the dynamics of economic growth of Ukraine’s economy implies the innovation of industrial enterprises. Consequently, the article thoroughly explored the peculiarities of development and financing of innovation activity in Ukraine, and suggested ways of activating innovation activity in the regions of Ukraine and directions of improving its financial support. Key words: innovation, innovation activity, intensification, state innovation policy.

The introduction of new technologies and financial support for the innovational pharmaceutical industry in the veterinary medicine sector based on the development of priority areas of the Ukrainian regions

The purpose of the work was to monitor the level of financing of innovation activities and regional level technologies transfer by regions of Ukraine on the basis of medium-term priority directions of innovation activity of the strategic priority on the national level “Technological renewal and development of the agro-industrial complex” and to realization of regional innovation priorities on the development and introduction of the latest biotechnologies and veterinary security medicines for farm animals. Materials and methods . Analytical, comparative, graphical, statistical, descriptive, generalization methods were used in the work. The research materials are normative-legislative acts, official information of regional state administrations on the results of innovation activities within the framework of regional development strategies (in 13 regions of Ukraine), regional programs of scientific-technical and innovation development for 2017–2018. Results . The monitoring results give an opportunity: to assess the legal and regulatory framework for the formation of the medium-term priorities of the innovative activity of the agro-industrial complex (AIC) as a state and each individual region and the veterinary sector as a whole (taking into account the needs of the industry in veterinary medicines, veterinary supplies, premixes, vaccines, serum, diagnostic kits, etc.); to evaluate the financial support of medium-term priorities of the innovative activities by local budgets with the provision of veterinary medicines at the regional level; to evaluate the effectiveness of innovation activities for created, acquired and transmitted new technologies in the pharmaceutical sector of veterinary medicine; to compare the obtained indicators with the previous periods, to track their dynamics and the tendency of development of medium-term priority directions of innovation activity at the regional level; to use the results of monitoring in the formation of the list of medium-term priority directions of innovation activity at the regional level up to 2021 in the form of directing funds for struggling with animal diseases and, thus, creating safe conditions for human health. Conclusions. The elaboration of the regulatory framework, namely, the Resolution of the Cabinet of Ministers of Ukraine from October 18, 2017 No. 980 “Some issues of determining the medium-term priority areas of innovation activity at the sectoral level for 2017–2021”, but this document needs to be improved in the areas of identification the priority directions of innovation activity in the pharmaceutical sector of veterinary medicines.

INNOVATION DEVELOPMENT OF THE FURNITURE INDUSTRY IN BULGARIA

This paper presents an analysis of the innovation performance of furniture enterprises in Bulgaria for two periods – before the economic crisis and after it. It contains general characteristics of the Furniture industry (structure of the enterprises, different type of production, export and import) and the results of the surveys of the innovation activity for two 3 year periods. The results from the studies are of the periods: 2006-2008 (563 enterprises) and 2014-2016 (358 enterprises) and are based on officially used EU definitions and indicators (European Commission, OECD, Oslo Manual), which allows for comparability of results. The used indicators are: introduced product innovations, introduced process innovations, introduced organizational innovations, introduced marketing innovations, revenues and costs of innovation and financing of the innovation activities.
 The results of the comparative analyses of the innovation activity of the furniture enterprises in Bulgaria for the two periods under review showed an increase in: the innovation expenditures and revenues from innovative products, the process innovations - additional activities and the financing of innovation activities by the EU. It also showed a decrease in the number of furniture enterprises, product innovations, process innovations and organizational innovations.

MANAGEMENT OF FLUCTUATION OF FINANCIAL AND ECONOMIC INTEGRATED DEVELOPMENT OF INNOVATIVE ENTERPRISE

The main purpose of this article is to study the fluctuation management of financial and economic performance of innovative enterprises’ activity comprehensively in the context of their effective integrated development. The study found that achieving a high level of management of integrated enterprise development by fluctuation indicators, is possible when evaluating the effectiveness of functioning on the basis of a range of methods of improvement the quality management of integrated development of the enterprise on the fluctuation indicators, resource allocation in order to reduce the level of fluctuation of expectations in the process of integrated development between enterprise and stakeholders using a set of basic and additional features to ensure efficiency of the development management at a high level and corresponding changes in key indicators, as well as maintain the balance in the form of alternatives in the disturbing effects of internal and external environmental factors of the enterprise.The life cycle of fluctuation of key indicators of integrated development of the enterprise with separation of three zones of fluctuation of key indicators of integrated development are considered: synchronicity, pleziochrony, disintegration, as well as opposite fluctuations of key indicators, depending on their parity level (low, medium, high) and stages of the cycle. The sources of financing of innovative activity of industrial enterprises are analysed. The results of the conducted researches were used to construct the synchrony matrix of the processes of integrated development of innovative enterprises taking into consideration the fluctuation of key financial and economic indicators. It is determined that Ukraine has considerable potential for innovation activity, however, there are many problems arising in the way of activation and realization of innovative activity of domestic companies. It is established that the management of fluctuation of financial and economic indicators of the integrated development of innovative enterprises will help to increase the efficiency of their activity and to integrate the processes of development both within the company and beyond. The ways of solving the problems of integrated development of domestic innovative enterprises are suggested.

Інноваційний розвиток національної економіки України: проблеми та перспективи

Розглянуто основні засади інноваційного розвитку національної економіки України. Здійснено оцінку діяльності вітчизняних підприємств, які впроваджують інноваційні продукти у свою діяльність. Запропоновано шляхи покращення інноваційного розвитку національної економіки України, враховуючи причини незадовільної ситуації у сфері виробництва і реалізації інноваційної продукції.

Modeling of the optimum level of financial provision of Ukrainian enterprises' innovative activities

The purpose of the article is the establishment of the tightness of the connection between the various sources of financing and the introduction of innovations at enterprises. In the process of research such scientific methods have been used: modeling – to determine the influence of the source of funding for innovation activities, on the number of new technological processes introduced and the introduction of new types of products; economic-statistical – to evaluate the dynamics of the amount of realized innovative products and the index of the efficiency of innovation costs; correlation-regression analysis – to determine the relationship density and the relationship between factors of influence and performance indicators; abstract-logical – for the implementation of theoretical and methodological generalizations. The results of the research – analyzed the connection of the indexes of dynamics of sources of financing of innovation activity and the amount of implemented new technological processes and development of new types of products for 2011-2017. The influence of the most significant sources of financing on the amount of innovations is described. Further development of methodological and practical aspects of the dependence of the amount of implemented innovative products and the index of the efficiency of innovation costs, using multiple regression models, has been found for the establishment of the influence of system-based economic indexes. The practical significance of the obtained results is to determine the optimal level of financial support for innovation activity of enterprises, which will allow predicting the growth of innovative processes in the country in the short and medium term.