Challenges and prospects of innovation and investment development of enterprises in the post-war period

• Published in: Ekonomika rozvytku (Online) Vol. 23; no. 2; pp. 27 - 37
• Main Authors: Berdar, Marharyta, Kot, Liudmyla, Martyniuk, Lyudmila, Yevtushevska, Olha, Sapachuk, Yurii
• Format: Journal Article
• Language: English
• Published: Simon Kuznets Kharkiv National University of Economics 01-06-2024
• Subjects: competitiveness; economic recovery; financial incentives; financial resources; government support; infrastructure
• ISSN: 1683-1942; 2304-6155
• DOI: 10.57111/econ/2.2024.27

Innovation and investment development a key factor that will influence the recovery and development of enterprises in the post-war period. Investments in innovations can become a source of economic growth after the war, which will stimulate the creation of new jobs, and increase the productivity and competitiveness of enterprises, which will contribute to the development of all sectors of the economy. Thus, the study aimed to identify the main problems and opportunities for investment and innovative business development in the country in the post-war period. Theoretical research methods such as generalisation, statistical analysis, in particular, data aggregation and sample grouping, and analysis of development indices were used to achieve this goal. The study, based on the analysis of key factors, substantiated the relationship between investment and innovation, as well as between investment opportunities and financial results of business entities. Several key issues that hinder the innovation and investment development of enterprises in Ukraine and will have an impact in the future were identified and analysed in detail using statistical data, including the lack of financial resources, lack of proper infrastructure, problems with human resources, and corruption, which significantly affects Ukraine’s position in certain international investment ratings, resulting in difficulties in attracting foreign capital. It was established that all the above problems were significantly escalated as a result of the war. The features of innovative activity of enterprises in the conditions of war were studied and the main directions of support required by business in this area were formed. The necessity of comprehensive state support to stimulate the innovation and investment development of enterprises in the post-war period was substantiated. The results of the study can be used by public authorities, business entities and the scientific community dealing with the issues of innovation and investment activities of enterprises