Improvement of the management of investment activities of the enterprise
Students Name: Kharin Artem
Qualification Level: master (ESP)
Speciality: Economics
Institute: Institute of Economics and Management
Mode of Study: full
Academic Year: 2023-2024 н.р.
Language of Defence: ukrainian
Abstract: Kharin A. M., Lesyk L. I. (Supervisor). Improvement of the management of investment activities of the enterprise. Master’s thesis. – Lviv Polytechnic National University, Lviv, 2024. Extended abstract The relevance of the topic of this master’s thesis is determined by the need to increase the economic efficiency of investment activities of domestic production enterprises [1–3]. The purpose of the work is the formation and substantiation of measures aimed at improving the investment activity of the researched firm. A comprehensive analysis of the financial results of Agroderev LLC was carried out. Liquidity and degree of solvency of "Agroderev" LLC were analyzed. A numerical assessment of business activity, degree of profitability and degree of financial and economic stability of Agroderev LLC was performed. A numerical assessment of the investment activity of Agroderev LLC was carried out, as well as a comprehensive analysis of the most important sources of its financing. The grouping of the key factors of the innovative potential of industrial firms has been carried out. This potential of Agroderev LLC was measured using an integral analytical indicator and expert survey methodology. The indicated potential of Agroderev LLC was determined using the correlation-regression analysis method. A numerical assessment of the optimal amount of investment in the production and trading enterprise "Agroderev" was carried out. It was established that "Agroderev" LLC conducted successful production and financial and economic activities in 2022, due to the fact that the income received from the production of manufactured products (goods, works, services) increased. At the same time, in 2023, the main analyzed indicators of the financial and economic activity of Agroderev LLC significantly deteriorated, namely, the received income (revenue) from manufactured products (services) decreased compared to 2022, such analyzed indicators as the gross financial result significantly decreased, financial results from operating activities, financial results from economic activities before taxation. The conducted research showed that among the selected woodworking production and trading enterprises, "Agroderev" LLC is characterized by an average level of investment potential according to the calculated integral indicator of the financial condition. Conducted studies have shown that, in the case when depreciation deductions are used to repay a loan taken by a manufacturing enterprise, taking a loan to finance the project is appropriate if the loan repayment term is shorter than the estimated service life of the fixed assets for which this loan is used to purchase. It was found that with a decrease in the specific share of the funds involved in the structure of project financing sources, the lower limit of fluctuation of the financial result decreases, and the mathematical expectation of the financial result increases. In other words, with an increase in the share of loan capital, the average financial result increases, but at the same time the risk increases. Therefore, the task of optimizing the structure of investment sources can generally be reduced to the task of establishing the best ratio between risk and profitability, and in our case to finding the best ratio between the growth rate of the average financial result of the current owners and the rate of decrease of the lower limit of the specified financial result. The solution of the mentioned problem on the example of the selection of the structure of the sources of financing for the project of the purchase of woodworking equipment of "Agroderev" LLC showed that the optimal structure of investment sources for the development of "Agroderev" LLC corresponds to the financing of the investment project by 50% due to the contributions of third parties to the authorized (equity) capital of the production and trading company enterprise and by 50% at the expense of a bank loan. Key words - enterprise, investment, investment activity, financial resources, profit, management, project, evaluation, financing. References. 1. Zaika, S. O. (2015). Investment potential of the enterprise and options for its formation. Scientific Bulletin of Kherson State University, 13(1), 84–86. 2. Kobelya, Z. I., Kutarenko, N. Ya., Rudko, K. I. and Bobchuk, A. M. (2017). Investment potential of Ukraine in the conditions of the economic crisis. Investments: Practice and Experience, 22, 32–37. 3. I. S. Kramarenko (2019). The effectiveness of using the investment potential of the national economy in the context of the impact on economic growth. KHNAU Bulletin, 1, 403–413.