Year: 2023 | Month: May | Volume 68 | Special Issue

Management of the Financial Potential of Innovative Development of the National Economy in the Context of Digital Transformation

Iryna Lomachynska Yevgen Maslennikov Olga Poberezhets Olena Shebanina Ivan Plets
DOI:10.46852/0424-2513.2s.2023.23

Abstract:

The relevance of the study is conditioned by the need to find ways to improve the financing management of innovative development of Ukraine in the conditions of global digitalisation. The purpose of the study is to analyse the financial support for innovative economic development in the context of digitalisation, identify problems, and develop proposals for its improvement. The methodological approach is based on: analysis of statistical information; comparison; graphical method; generalisation. The main results of the study should be considered: identification of the relationship between the volume of expenditures of industrial enterprises on innovation activities and the dynamics of innovation implementation; analysis and selection of the most significant sources of financing for innovative development of industrial enterprises; identification of the positive impact of informatisation on the introduction of innovations in the economy and improving the well-being of the population; substantiation of the need to increase state financial support for innovative activities of enterprises with the advantage of those innovative ideas that are the most cost-effective and aimed at the use of information and digital technologies, and the innovative product meets the requirements of environmental friendliness and provides for its use in the most necessary ways during the war period, in particular: machine-building, energy, agricultural, defence.

Highlights

  • The article aims to analyze the financial support for innovative economic development in the context of digitalization, identify problems, and propose improvements, including increasing state financial support for innovative activities, utilizing venture capital investment, and prioritizing innovative ideas in information and communication technologies.




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