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Formation of Multichannel Financial Support of Innovative Development of the Enterprise

Author

Listed:
  • Olena Hudz

    (State University of Telecommunications, Kyiv, Ukraine)

  • Seimur Bairamov

    (State University of Telecommunications, Kyiv, Ukraine)

Abstract

The article is devoted to the development of author's approach to the formation of multichannel financial support of innovative development of the enterprise. The analysis of development trends of innovation activities of enterprises and channels of innovative projects financing in Ukraine was held. Principles of formation of multichannel financial support of innovative development of the enterprise were discovered. The review of scientific approaches to the selection of financial support strategies of the innovative development of the enterprise was held. Suitability was justified and the sequence of the formation of multichannel financial support of innovative development of the enterprise was determined. During the formation of multichannel financial support, it is suitable proceed from the fact whether it is capable to stimulate the adaptation of innovative opportunities of the enterprise to the specific economic conditions. It was emphasized that justification and filtering of financial support channels and formation of strategies should be based on the study of conditions and the assessment of opportunities of financial and innovative development of the enterprise in a strategic perspective.

Suggested Citation

  • Olena Hudz & Seimur Bairamov, 2016. "Formation of Multichannel Financial Support of Innovative Development of the Enterprise," Oblik i finansi, Institute of Accounting and Finance, issue 3, pages 57-62, September.
    • Handle: RePEc:iaf:journl:y:2016:i:3:p:57-62
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    File URL: http://www.afj.org.ua/en/article/402/
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    More about this item

    Keywords

    financial support; innovative development; enterprise; financial strategy; multi-channel approach;
    All these keywords.

    JEL classification:

    • G31 - Financial Economics - - Corporate Finance and Governance - - - Capital Budgeting; Fixed Investment and Inventory Studies

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