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Financial Management of Innovative Eco-Entrepreneurship

Author

Listed:
  • Purdenko Olena

    (1 Assoc. Prof., State University of Traid and Economic, Kyiv, Ukraine)

  • Artyushok Kostyantyn

    (2 Assoc. Prof., Academician Stepan Demianchuk International University of Economics and Humanities, Rivne, Ukraine)

  • Riazanova Nataliia

    (3 Prof., Luhansk Taras Shevchenko National University, Poltava, Ukraine)

  • Babaiev Ihor

    (4 PhD student, Poltava State Agrarian University, Poltava, Ukraine)

  • Kononenko Anna

    (5 Assoc. Prof., Kyiv National University of Technologies and Design, Kyiv, Ukraine)

  • Lepeyko Tetyana

    (6 Prof. Simon Kuznets Kharkiv National University of Economics, Kharkiv, Ukraine)

  • Zos-Kior Mykola

    (7 Prof. Poltava State Agrarian University, Poltava, Ukraine)

Abstract

The article focuses on the need to stimulate resource-saving and innovative technologies in production entrepreneurship to support environmental security. It is noted that the ecologisation of production will contribute to the reduction of energy intensity of the gross domestic product. The high level of energy intensity of Ukrainian industry was determined and the necessity of transition to alternative fuels was noted. In the scientific world, there is no effective methodology for the estimation of financial management of innovative ecological entrepreneurship. On this basis, our own methodology for such an assessment is offered. The system of indicators for the calculation of multifactor production function of the influence of measures of financial and innovative management on the ecologisation of business and level of power intensity in the GDP of Ukraine was defined. Forecasting of capital investments and current environmental protection costs by type of environmental protection measures was carried out. The insufficient level of investment and innovation support of entrepreneurship in Ukraine to ensure its environmental friendliness and reduction of energy intensity was noted. The purpose of the article is to assess the effectiveness of investment and innovation measures and their impact on the development of environmental entrepreneurship in the conditions of a rapidly changing external environment.

Suggested Citation

  • Purdenko Olena & Artyushok Kostyantyn & Riazanova Nataliia & Babaiev Ihor & Kononenko Anna & Lepeyko Tetyana & Zos-Kior Mykola, 2023. "Financial Management of Innovative Eco-Entrepreneurship," Management Theory and Studies for Rural Business and Infrastructure Development, Sciendo, vol. 45(2), pages 152-165, June.
    • Handle: RePEc:vrs:mtrbid:v:45:y:2023:i:2:p:152-165:n:6
    DOI: 10.15544/mts.2023.16
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    References listed on IDEAS

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    1. Visnjic, Ivanka & Neely, Andy & Jovanovic, Marin, 2018. "The path to outcome delivery: Interplay of service market strategy and open business models," Technovation, Elsevier, vol. 72, pages 46-59.
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    More about this item

    Keywords

    energy intensity of gross domestic product; management; innovations; entrepreneurship; ecology; resource conservation; environmental protection measures; investment; security; climate; finance;
    All these keywords.

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • H32 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - Firm
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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