THE ROLE OF FINANCIAL ENSURING FOR THE INNOVATIVE DEVELOPMENT OF ENTERPRISES IN THE FORMATION OF A COMPETITIVE ECONOMY IN THE REGIONS OF UKRAINE
Abstract
The article presents modern trends in the interpretation of the economic content, essential content, role and significance of financial ensuring for the innovative development of enterprises. The diversity of views and the system of approaches regarding the theoretical foundations of financial ensuring for the innovative activities of enterprises are analyzed. The type of economy of the regions and their competitiveness in ensuring the economic growth of the national economy are presented. The state of the innovative capacity of enterprises and the conditions of operation are of crucial importance for the formation and realization of the innovative potential of enterprises and ensuring their competitive development. Transformational transformations taking place at the level of the global economy require new, extraordinary solutions and approaches to ensure competitive advantages in the world market. For this, a necessary condition is to ensure a high level of intellectualization of both management and reproduction processes at the regional level. Existing trends in the understanding of the role of financial resources in the financial activity of enterprises and their importance in ensuring the innovative progress of the regional economy have been revealed. The theoretical principles of financial ensuring for the innovative development of enterprises have been summarized, and the conceptual and categorical apparatus of the economic categories "financial ensuring for the innovative development of enterprises" and "regional competitiveness" has been supplemented. The introduction of innovative technologies and modern business models that enable innovative breakthroughs and sustainable development of enterprises are the main trends in the innovative development of the regional economy, which will ensure the growth of its competitiveness. That is, achieving a high level of innovativeness and ensuring, on this basis, the growth of competitive positions on the world market is a strategic course of functioning of the regional economy, which requires an appropriate system of financial support. It is substantiated that financial ensuring for the innovative development of enterprises is a multifactorial systemic process that correlates with the global trend of innovative foundations of sustainable economic development at the micro-macro- and meso-levels of the world economy.
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