The feasibility study for investment project’s sources
Students Name: Abkieliamov Hirei-Khan Ernestovych
Qualification Level: magister
Speciality: Business Economics
Institute: Institute of Economics and Management
Mode of Study: part
Academic Year: 2022-2023 н.р.
Language of Defence: ukrainian
Abstract: Abkelyamov G.E., Voitsekhovska V.V. (head). Justification of sources of investment project financing. Master’s qualification work. - Lviv Polytechnic National University, Lviv, 2022. The effectiveness and efficiency of investment activities as a whole depends on the effectiveness of individual investment projects. The effectiveness of the investment project depends on the quality of its management, primarily on the timeliness and optimality of the financing of each of its stages. Investigating the effectiveness of financing investment projects makes it possible to determine where it is appropriate to invest capital - in which industry, specific enterprise or production. This is explained by the fact that, when comparing options for capital placement (investment projects), all the main elements of the process of depreciable labor are determined: the initial cost of fixed assets, their service life, productivity, profit rate, etc. However, determining these indicators is not the solution to all problems. Therefore, at the next stage, it is necessary to determine the best way to finance (pay) the cost of the selected option of the investment project. Recently, with small volumes of long-term investments, there is a need to search for new sources of financing. In contrast to the already existing principles and methods of sectoral and regional distribution of capital investments, the problem of financing individual projects at the expense of investment resources provided by individuals and enterprises of various forms of ownership is now becoming relevant. Since the main and only criterion for evaluating the effectiveness of projects is their profitability, in world practice financing is becoming more and more widespread, under which the main security for loans provided to banks is the project itself, or rather the income received as a result of its implementation. The purpose of the work is to reveal the types and directions of financing investment projects, as well as to substantiate the sources of financing investment projects. The goal is revealed in the process of solving the set tasks: to reveal and generalize the types of sources of financing investment projects; analyze such sources of financing investment projects as leasing and long-term credit; consider and analyze the legislative and regulatory framework for financing investment projects; to conduct an analysis of indicators of economic activity and profitability of the enterprise. The object of research in the work is the process of financing an investment project. The subject of the study is the theoretical and methodological provisions for the justification of the choice of sources of financing of the investment project. The scientific novelty of the work consists in the application of innovative sources of financing innovative projects. The methodological basis of the work was the Laws of Ukraine, Resolutions of the Verkhovna Rada, Decrees of the President of Ukraine, resolutions and orders of the Cabinet of Ministers of Ukraine, statistical materials of the Ministry of Statistics of Ukraine, monographs, articles from periodicals, official reporting documents of Chervonogradrembud LLC and other materials. The practical significance of this work lies in the possibility of applying the results obtained in it in the practice of the work of Chervonogradrembud LLP when planning measures to finance investment projects. The master’s thesis consists of four sections. The first chapter presents the theoretical basis of the selected problem, provides an overview of literary sources, new developments, and other information related to the sources of financing investment projects. Based on the study of scientific and methodical literature, the approaches of various authors to solving this problem are revealed. In the second section, the analysis of the production activity of the enterprise is carried out. The third chapter is devoted to research, analysis and modeling of the impact of investments on the development of the economy of Ukraine. The fourth chapter examines various options for financing investment projects. At the end of the work, conclusions are made. The main content of the work is laid out on 72 pages. Key words - investments, sources of financing, evaluation, profitability, own funds, borrowed funds, loans. List of used literary sources. 1. Yemelyanov, O., Symak, A., Petrushka, T., Zahoretska, O., Kusiy, M., Lesyk, R. & Lesyk, L. (2019). Changes in Energy Consumption, Economic Growth and Aspirations for Energy Independence: Sectoral Analysis of Uses of Natural Gas in the Ukrainian Economy. Energies, (12(24)), 4724. 2. Rogozhyn P.S., Goyko A.F. Economics of construction organizations. — K: Publishing house "Treasures", 2018. — 448 p. 3. Skvortsov I.B. Paradoxes, dogmas and reality of economic theory: microeconomics for economists: Monograph. – Lviv: Publishing House of the National University "Lviv Polytechnic", 2013. – 340