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Factoring in the nature reserve fund of Ukraine as a tool for the development of socially responsible business

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  • Tetyana Nikolaychuk

Abstract

Market changes in all fields of economy of Ukraine demand the creation of new institutions and mechanisms of cooperation between branches, including the sphere of environmental reserve affair requires transformations, which will be directed into the development not only environmentally protected, but also its ecological and economic components. The aim of the article is represented financial cooperation, as partnership, which can attribute economic privileges to the results of innovation activities. Business entities, operating in the format of reserved business, should form a separate segment of entrepreneurship, which requires a special form of cooperation with financial institutions in the face of banks and credit unions. Attracting of the investment flows in the industry of reserve affair is one of the most actual issues nowadays, as there are facilities of nature reserve fund of Ukraine have considerable economic and environmental potential for the development of innovative forms of conducting economic activity. Reserve areas cannot be considered only as a means of reserving and conservation of environmental resources, as thank to use of ecological oriented methods of management in the territories of the facilities of reserve fund, economic activity can be provided, that will contribute economic and ecological development of the region, formation of investing flows of the constant character, supporting the balance between bodies of state authority, local communities and representatives of private sector of economics. In the work the use of environmental factoring for the development of economic potential of protected areas is proposed. Reserve lending is considered, as a sectoral institution of crediting subjects of business activity, which carry out their economic activity in the protected areas or adjacent with them territories

Suggested Citation

  • Tetyana Nikolaychuk, 2022. "Factoring in the nature reserve fund of Ukraine as a tool for the development of socially responsible business," Innovation and Sustainability Articles, Innovation and Sustainability, vol. 2(1), pages 72-83, March.
    • Handle: RePEc:cve:innsjn:v:2:y:2022:i:1:p:72-83
    DOI: https://doi.org/10.31649/ins.2022.1.72.83
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    References listed on IDEAS

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    2. Andrew Leyshon & Dawn Burton & David Knights & Catrina Alferoff & Paola Signoretta, 2004. "Towards an Ecology of Retail Financial Services: Understanding the Persistence of Door-to-Door Credit and Insurance Providers," Environment and Planning A, , vol. 36(4), pages 625-645, April.
    3. Polak, J.J., 1991. "The Changing Nature of IMF Conditionality," Princeton Studies in International Economics 184, International Economics Section, Departement of Economics Princeton University,.
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