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Assessment of the impact of innovation and investment activities on the restoration of economic potential of ukrainian enterprises in the context of industry 5.0 and the circular economy

Author

Listed:
  • Kopytko Marta

    (Lviv State University of Internal Affairs, Lviv, Ukraine)

  • Kaplenko Halyna

    (Ivan Franko National University of Lviv, Lviv, Ukraine)

  • Ruda Iryna

    (Ivan Franko National University of Lviv, Lviv, Ukraine)

  • Bida Marianna

    (Ivan Franko National University of Lviv, Lviv, Ukraine)

  • Dubyk Viktoriia

    (Ivan Franko National University of Lviv, Lviv, Ukraine)

Abstract

The purpose of this article is to assess the extent to which the activation of innovation and investment activities contributes to the restoration of the economic potential of enterprises in Ukraine under the conditions of transition to Industry 5.0 standards and the implementation of circular economy principles. The focus is placed on Ukrainian enterprises as the object of the study, considering sectoral differences and the specific challenges caused by the ongoing war. The task is to present a methodological approach that will allow us to present how to assess the significance of the influence of certain areas in the activation of innovative and investment activities of an enterprise on the restoration of economic potential. The principles of Industry 5.0 and the circular economy are also taken into account. As a result, the method of pairwise comparison was chosen and, by involving experts, to determine the most significant factors of the activation of innovative and investment activities of an enterprise that affect the restoration of economic potential, taking into account the standards of Industry 5.0 and the circular economy. The results may have practical significance in further use within the activities of enterprises of Ukraine and beyond. This article examines the impact of activating innovation and investment activities on the restoration of economic potential of Ukrainian enterprises amid the transition to Industry 5.0 and the adoption of circular economy principles.

Suggested Citation

  • Kopytko Marta & Kaplenko Halyna & Ruda Iryna & Bida Marianna & Dubyk Viktoriia, 2025. "Assessment of the impact of innovation and investment activities on the restoration of economic potential of ukrainian enterprises in the context of industry 5.0 and the circular economy," Financial Internet Quarterly (formerly e-Finanse), Sciendo, vol. 21(4), pages 30-38.
    • Handle: RePEc:vrs:finiqu:v:21:y:2025:i:4:p:30-38:n:1003
    DOI: 10.2478/fiqf-2025-0025
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    References listed on IDEAS

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    1. Sylkin, Oleksandr & Shtangret, Andriy & Ogirko, Olha & Melnikov, Alexander, 2018. "Assessing the financial security of the engineering enterprises as preconditions of application of anti-crisis management: practical aspect," Business and Economic Horizons (BEH), Prague Development Center (PRADEC), vol. 14(4), October.
    2. Sylkin, Oleksandr & Shtangret, Andriy & Ogirko, Olha & Melnikov, Oleksandr, 2018. "Assessing the financial security of the engineering enterprises as preconditions of application of anti-crisis management: practical aspect," Business and Economic Horizons (BEH), Prague Development Center, vol. 14(4), pages 926-940, October.
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    More about this item

    Keywords

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    JEL classification:

    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • O35 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Social Innovation

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