DETERMINATION OF ENVIRONMENTAL FACTORS WHICH AFFECT THE FINANCIAL IMPLEMENTATION OF DEVELOPMENT OF AGRIBUSINESS ENTITIES

  • Marina Berest
  • Maya Dudka
Keywords: environment, factors of influence, financial implementation, agribusiness, factor analysis

Abstract

The agribusiness is one of the main components of the economic system of Ukraine. An important and effective element of the financial mechanism that enables companies of the agribusiness to accumulate and effectively use financial resources to ensure their sustainable development is financial implementation. At the same time, factors of the environment cause significant influence on the structure and composition of sources of financing for the companies of the industry. In the modern economic literature, the approaches of scientists on the identification and characteristics of factors determining the general effect of the environment on the functioning of agribusiness subjects are presented. However, a more detailed study requires specification of the list and characteristics of factors directly related to the financial implementation of their effective operations and sustainable development.

The purpose of the article is to identify a justified list of factors influencing the environment for the financial implementation of sustainable development of agribusiness entities using economic and mathematical tools.

The study made it possible to identify and justify, with the help of economic and mathematical tools, factors that significantly affect the formation of financial implementation for sustainable development of companies in the agribusiness of the economy because of the possibility and feasibility of attracting certain sources of financing in the environment. They include: a monetary-inflationary factor, a factor of direct budgetary support and a factor of state support for concessional lending to the agribusiness. In this connection, in the course of further research in this area, it is advisable to estimate the intensity of environmental factors in the process of developing the financial strategy of the companies of the agribusiness for selecting the optimal sources of financing their activities and ensuring sustainable development.

Published
2018-03-06
Section
Economics, management of sectors and enterprises