Archive Issue
International Interdisciplinary Scientific Journal "Expert"
Volume 1, Issue 2
(December 2023 – January 2024)
Language of the original article: Ukrainian
УПРАВЛІННЯ ІНВЕСТИЦІЙНОЮ ПРИВАБЛИВІСТЮ АГРОПРОМИСЛОВИХ УТВОРЕНЬ: ПІДХОДИ ДО ВИВЧЕННЯ ТА АНАЛІЗУ СТРУКТУРНИХ ЕЛЕМЕНТІВ
ABSTRACT. The article assesses the management of investment attractiveness of agro-industrial entities and approaches to the study and analysis of its structural elements. The authors have made a theoretical generalization and proposed ways to solve the problem of modeling investment decisions in the current economic and political environment. The authors emphasize that a deeper approach will reveal not only the effectiveness of investment strategies, but also the internal mechanisms that facilitate or limit the implementation of these strategies. By combining aspects of decision-making methodology with the analysis of intra-organizational interactions, it is possible to obtain a more complete understanding of the investment process in the context of a particular organization. The paper emphasizes that in the agro-industrial sector of Ukraine, under the influence of the desire for integration, significant changes are taking place, which are expressed in an increase in the scale of production, an increase in the diversity of production areas, the expansion of inter-sectoral relations, accelerated use of scientific achievements, qualitative shifts in technological processes, and increased competition - significantly increasing the requirements for the quality of investment decisions and their relevance. The authors prove that the core of integration of mechanisms and instruments in the investment market is information and organizational technologies, which form the basis of the pyramid of management decisions. The organizational infrastructure of investments is becoming increasingly international and integrated. The more diverse the composition of such an infrastructure, the more fully the investment opportunities of enterprises are realized, the wider the range of investment technologies, and the greater the amount of resources involved. The model for assessing the efficiency of an investment project based on the theory of fuzzy sets developed by the authors is a way to assess the efficiency of investment projects, which is a complement to traditional methods of analysis, but lacks some of the disadvantages inherent in the latter.
Keywords: investment decision, agency conflicts, corporate governance mechanisms, agro-industrial formations, model for assessing the efficiency of an investment project.
2. Bojadziev, G., & Bojadziev, M. (2007). Fuzzy logic for business, finance and management (2nd ed.). World Scientific Publishing Co., Ltd.
3. Gerasimov, B.M., Grabovskii, et al. (2002). Nechetkie mnozhestva v zadachakh proektirovaniia, upravleniia i obrabotki informatsii [Fuzzy sets in design, management, and information processing tasks]. Tekhnika.
4. Chiu, C.Y., & Park, C. S. (1994). Fuzzy cash flow analysis using present worth criterion. The Engineering Economist, 39(2), 113-137.
5. Kaufmann, A., & Gupta, M. M. (1988). Fuzzy mathematical models in engineering and management science. Elsevier Science Publishers B.V.
6. Kuchta, D. (2000). Fuzzy capital budgeting. Fuzzy Sets and Systems, 111, 367–385.
7. Samofalova, M.O., Slobodianyk, A.M., & Strebkov, A.A. (2020). Otsinka systemy stymuliuvannia pratsi u Pershii filii PRAT “UFG” u m. Vinnytsia [Evaluation of the labor incentive system at the First branch of PJSC "UFG" in Vinnytsia]. Suchasni pytannia ekonomiky i prava: zb. nauk. prats, 1(11), 58-69.
8. Mogylevska, O.Yu., Romanova, L.V., & Slobodianyk, A.M. (2021). Problemy formuvannia liudskoho kapitalu v systemi upravlinnia personalom na promyslovykh pidpryiemstvakh mashynobudivnoho kompleksu Ukrainy [Problems of human capital formation in the personnel management system at industrial enterprises of the machine-building complex of Ukraine]. Ekonomika ta suspilstvo, (28). Available at: https://www.economyandsociety.in.ua/index.php/journal/article/view/512
9. Slobodianyk, A.M., Plotnyk, P.A., & Zazymko, S.A. (2020). Problema vprovadzhennia suchasnoho upravlinnia ahrokholdynhom v umovakh didzhitalizatsii [The problem of implementing modern management of agroholdings in the conditions of digitalization]. Efektyvna ekonomika, (4). Available at: http://www.economy.nayka.com.ua/?op=1&z=7808
10. Slobodianyk, A.M. (2017). Zarubizhnyi dosvid praktychnoi realizatsii antykryzovykh instrumentiv upravlinnia pidpryiemstvom [Foreign experience in practical implementation of crisis management tools in enterprises]. Visnyk Kharkivskoho natsionalnoho tekhnichnoho universytetu silskoho hospodarstva imeni Petra Vasylenka, 185, 80-86.
11. Mayer, K. (1996). Korporatyvne upravlinnia v rynkovykh ta perekhidnykh ekonomikakh. U poshukakh krashchoho dyrektora: Korporatyvne upravlinnia v rynkovykh ta perekhidnykh ekonomikakh [Corporate governance in market and transition economies. In search of a better director: Corporate governance in market and transition economies]. Osnovy.
12. Momot, T.V. (2006). Vartisno-oriientovane korporatyvne upravlinnia: vid teorii do praktychnoho vprovadzhennia [Value-oriented corporate governance: From theory to practical implementation]. KhNAMG.
13. Nazarova, G.V. (2004). Orhanizatsiini struktury upravlinnia korporatsiiamy [Organizational structures of corporate management]. VD "INZHEK".
14. Paliga, Y.M. (2002). Korporatyvne upravlinnia vyrobnytstvom v umovakh postpryvatyzatsiinykh vidnosyn [Corporate management of production in post-privatization relations]. Dissertation, National Academy of Sciences of Ukraine; Institute of Regional Studies.
15. Namliiev, Y., & Kacicka, G. (2023). Crisis research foundations in the transforming world economy: A theoretical perspective. Kyiv Economic Scientific Journal, (3), 101-107. DOI 10.32782/2786-765X/2023-3-15
УПРАВЛІННЯ ІНВЕСТИЦІЙНОЮ ПРИВАБЛИВІСТЮ АГРОПРОМИСЛОВИХ УТВОРЕНЬ: ПІДХОДИ ДО ВИВЧЕННЯ ТА АНАЛІЗУ СТРУКТУРНИХ ЕЛЕМЕНТІВ
ABSTRACT. The article assesses the management of investment attractiveness of agro-industrial entities and approaches to the study and analysis of its structural elements. The authors have made a theoretical generalization and proposed ways to solve the problem of modeling investment decisions in the current economic and political environment. The authors emphasize that a deeper approach will reveal not only the effectiveness of investment strategies, but also the internal mechanisms that facilitate or limit the implementation of these strategies. By combining aspects of decision-making methodology with the analysis of intra-organizational interactions, it is possible to obtain a more complete understanding of the investment process in the context of a particular organization. The paper emphasizes that in the agro-industrial sector of Ukraine, under the influence of the desire for integration, significant changes are taking place, which are expressed in an increase in the scale of production, an increase in the diversity of production areas, the expansion of inter-sectoral relations, accelerated use of scientific achievements, qualitative shifts in technological processes, and increased competition - significantly increasing the requirements for the quality of investment decisions and their relevance. The authors prove that the core of integration of mechanisms and instruments in the investment market is information and organizational technologies, which form the basis of the pyramid of management decisions. The organizational infrastructure of investments is becoming increasingly international and integrated. The more diverse the composition of such an infrastructure, the more fully the investment opportunities of enterprises are realized, the wider the range of investment technologies, and the greater the amount of resources involved. The model for assessing the efficiency of an investment project based on the theory of fuzzy sets developed by the authors is a way to assess the efficiency of investment projects, which is a complement to traditional methods of analysis, but lacks some of the disadvantages inherent in the latter.
Keywords: investment decision, agency conflicts, corporate governance mechanisms, agro-industrial formations, model for assessing the efficiency of an investment project.
References
1. Buckley, J. J. (2005). Simulating fuzzy systems. StudFuzz, 171, 53–55.2. Bojadziev, G., & Bojadziev, M. (2007). Fuzzy logic for business, finance and management (2nd ed.). World Scientific Publishing Co., Ltd.
3. Gerasimov, B.M., Grabovskii, et al. (2002). Nechetkie mnozhestva v zadachakh proektirovaniia, upravleniia i obrabotki informatsii [Fuzzy sets in design, management, and information processing tasks]. Tekhnika.
4. Chiu, C.Y., & Park, C. S. (1994). Fuzzy cash flow analysis using present worth criterion. The Engineering Economist, 39(2), 113-137.
5. Kaufmann, A., & Gupta, M. M. (1988). Fuzzy mathematical models in engineering and management science. Elsevier Science Publishers B.V.
6. Kuchta, D. (2000). Fuzzy capital budgeting. Fuzzy Sets and Systems, 111, 367–385.
7. Samofalova, M.O., Slobodianyk, A.M., & Strebkov, A.A. (2020). Otsinka systemy stymuliuvannia pratsi u Pershii filii PRAT “UFG” u m. Vinnytsia [Evaluation of the labor incentive system at the First branch of PJSC "UFG" in Vinnytsia]. Suchasni pytannia ekonomiky i prava: zb. nauk. prats, 1(11), 58-69.
8. Mogylevska, O.Yu., Romanova, L.V., & Slobodianyk, A.M. (2021). Problemy formuvannia liudskoho kapitalu v systemi upravlinnia personalom na promyslovykh pidpryiemstvakh mashynobudivnoho kompleksu Ukrainy [Problems of human capital formation in the personnel management system at industrial enterprises of the machine-building complex of Ukraine]. Ekonomika ta suspilstvo, (28). Available at: https://www.economyandsociety.in.ua/index.php/journal/article/view/512
9. Slobodianyk, A.M., Plotnyk, P.A., & Zazymko, S.A. (2020). Problema vprovadzhennia suchasnoho upravlinnia ahrokholdynhom v umovakh didzhitalizatsii [The problem of implementing modern management of agroholdings in the conditions of digitalization]. Efektyvna ekonomika, (4). Available at: http://www.economy.nayka.com.ua/?op=1&z=7808
10. Slobodianyk, A.M. (2017). Zarubizhnyi dosvid praktychnoi realizatsii antykryzovykh instrumentiv upravlinnia pidpryiemstvom [Foreign experience in practical implementation of crisis management tools in enterprises]. Visnyk Kharkivskoho natsionalnoho tekhnichnoho universytetu silskoho hospodarstva imeni Petra Vasylenka, 185, 80-86.
11. Mayer, K. (1996). Korporatyvne upravlinnia v rynkovykh ta perekhidnykh ekonomikakh. U poshukakh krashchoho dyrektora: Korporatyvne upravlinnia v rynkovykh ta perekhidnykh ekonomikakh [Corporate governance in market and transition economies. In search of a better director: Corporate governance in market and transition economies]. Osnovy.
12. Momot, T.V. (2006). Vartisno-oriientovane korporatyvne upravlinnia: vid teorii do praktychnoho vprovadzhennia [Value-oriented corporate governance: From theory to practical implementation]. KhNAMG.
13. Nazarova, G.V. (2004). Orhanizatsiini struktury upravlinnia korporatsiiamy [Organizational structures of corporate management]. VD "INZHEK".
14. Paliga, Y.M. (2002). Korporatyvne upravlinnia vyrobnytstvom v umovakh postpryvatyzatsiinykh vidnosyn [Corporate management of production in post-privatization relations]. Dissertation, National Academy of Sciences of Ukraine; Institute of Regional Studies.
15. Namliiev, Y., & Kacicka, G. (2023). Crisis research foundations in the transforming world economy: A theoretical perspective. Kyiv Economic Scientific Journal, (3), 101-107. DOI 10.32782/2786-765X/2023-3-15
© 2024 The Author(s)
This work is licensed under the Creative Commons Attribution 4.0 International (CC BY 4.0).
Sytyk, R., Ieremenok, V., Nastopyrov, V., Havrylenko, M. & Lysov, O. (2024). MANAGING THE INVESTMENT ATTRACTIVENESS OF AGRO-INDUSTRIAL ENTITIES: APPROACHES TO THE STUDY AND ANALYSIS OF STRUCTURAL ELEMENTS. International Interdisciplinary Scientific Journal "Expert", 1(2), 117-129. https://doi.org/10.62034/2815-5300/2024-v1-i2-008
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