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NEW APPROACH TO FINANCIAL SUPPORT ORGANIZATION OF UKRAINIAN ENTERPRISES` MODERNIZATION

Journal: International Journal of Economics and Society (Vol.1, No. 1)

Publication Date:

Authors : ; ;

Page : 178-181

Keywords : modernization of enterprises; collective financing; crowdfunding; regional fund of enterprises` modernization; center of enterprise` modernization development.;

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Abstract

One of the main conditions for innovational modernization is its proper investment support, which in the current Ukrainian situation is quite problematic. Problems of financial support modernization of Ukrainian enterprises are due to shortage of investment resources, primarily at small and medium enterprises, insufficient capital market development, credit resources that are too expensive. Solving this problem is seen in finding new approaches to financial modernization providing. The authors proposed a new approach to the development of financial support of Ukrainian enterprises innovative modernization that is based on their institutional support and the use of crowdfunding technology and requires the establishment of particular industry regional associations and their working elements - Centers of enterprises` modernization. Formation of such associations as part of the regional modernization fund will contribute to financial security problem solving of Ukrainian enterprises modernization.

Last modified: 2015-09-19 05:07:51