FINANCIAL MECHANISM OF PUBLIC-PRIVATE PARTNERSHIP IN ENSURING THE INNOVATIVE DEVELOPMENT OF UKRAINIAN ENTERPRISES

Abstract

The article considers the financial mechanism of public-private partnership in ensuring the innovative development of enterprises. The interpretation of the concepts of public-private partnership by different authors is given, the advantages and economic, financial and social benefits and responsibilities of participants are given. The general and specific features of public-private partnership are outlined, the spheres of its application in innovative support of enterprise development are analyzed, and the main risks arising in the process of public-private partnership projects are clarified. The list of favorable conditions that determine the success of the public-private partnership projects' development and implementation is identified. The innovative aspects of public-private partnership are highlighted and the financial mechanism of this partnership in ensuring the innovative development of domestic enterprises is characterized. It is established that public-private partnership in the field of innovation and investment is considered as a new technology for the development of enterprises and the state economy. The purpose of the study is to determine the nature and components of the financial mechanism of public-private partnership in ensuring the innovative development of enterprises. The object of research is the main public-private partnership financial mechanism tools for enterprises' innovative development in Ukraine. To achieve this goal, various methods of scientific research are used: systematic, empirical research and analysis and synthesis. The results of the study made it possible to determine the essence of the concepts of "public-private partnership", "financial mechanism of public-private partnership". The main instruments of the financial mechanism of public-private partnership in ensuring the innovative development of Ukrainian enterprises are highlighted.