RELATIONSHIP BETWEEN FINANCING AND EFFICIENCY OF INNOVATIVE ACTIVITIES OF INDUSTRIAL ENTERPRISES: EVIDENCE FROM UKRAINE

Abstract: The article focuses on the study of the closeness of the relationship obtained from different sources and used in different areas, finance, with the effectiveness of innovation, measured by the number of developed innovative products and the number of introduced new technological processes. The input information was the data of industrial enterprises of Ukraine for the period 2015-2019, summarized in statistical reporting and presented on the official resources of the State Statistics Service. To accomplish these objectives, the methods of correlation-regression analysis and analysis of the dynamics and structure of statistical indicators of innovation of industrial enterprises of Ukraine were used. Possible causes of crisis phenomena of innovative activity of Ukrainian enterprises that hinder the economic development of the national economy are discussed. The basis for further research of complex and individual influence of factors on development of innovative activity of the enterprises of various branches of economy is provided. 

 

Keywords: innovation activity; innovation financing; innovative products; new technological process; correlation-regression analysis.