CORPORATE FINANCE INNOVATION ROLE IN SUPPORTING POST-WAR RECOVERY OF UKRAINE: FINANCING UNDER UN SDG CITERIA

Abstract

The post-war recovery of Ukraine is an urgent issue requiring a non-standard approach. Use of corporate finance approaches that combine micro- and macro-level solutions is a potential solution. Aim of this paper is to identify the potential of corporate finance innovations namely UN SDG criterion in solving issue of effective post-war recovery in Ukraine. Paper analyzes the post-war recovery process of Ukraine, requiring a complex approach and innovative methods in the field of financing and implementation of socially significant projects. Need for large-scale and diverse financial resources is studied, emphasizing the importance of stable financing and intangible types of capital. Role of funding sources and its diversity in determining the quality characteristics of these resources for effective recovery is considered. Paper substantiates the application of the UN SDG criterion as a basis for financing from strategic and operational points of view. An analysis of IMF research highlighting successful cases of achieving the UN SDGs by countries with the help of complex strategies that include financial and sectoral policies at various levels is carried out. At the micro-level, the role of the UN SDG criterion in corporate finance and management decisions is highlighted. Importance of investment banks and financial advisors in implementing this criterion in the framework of financing socially significant projects, developing financial products such as «green» bonds, and lobbying for sustainable financing is emphasized. Prospects for further research include the adaptation of the UN SDG target system to key performance indicators to optimize the management of post-war recovery financing.