Financial support of enterprises in the context of the mechanism of their effective functioning

Tetyana Karpova


Introduction. In today conditions of uncertainty businesses face the problem of finding tools to maintain their positions, to ensure stable, continuous, efficient activity. In achieving the efficiency of activity an important function is performed by financial support, which plays an exceptional role both in the implementation of operational activities and in the implementation of investments according to the development strategy of the enterprise. Given this, it is necessary to develop the system of mechanisms of enterprise financial resources formation on the conceptual approach providing its effective functioning.

Purpose. Development of mechanisms of enterprise financial resources formation in the context of their effective functioning based on the conceptual approach, which includes principles, objectives, tasks and directly mechanisms of financial provision management of the enterprise.

Method (methodology). It is used general scientific methods, in particular, the analysis and synthesis, the method of modeling, graphic method.

Results. The article investigates groups of financial resources formation sources. As a result, on the basis of the conceptual approach, the system of mechanisms has been developed: the mechanism of management of own financial resources formation, the mechanism of mobilization of enterprise financial resources from borrowed sources. Because the formation approach of financial security should be balanced, with an optimal combination of own and borrowed funds, mechanisms are developed as constituent elements of the concept of improving the management of financial support of the enterprise. Its main goal is defined: ensuring effective management decisions to attract sufficient financial resources to maximize profits and increase the market value of the enterprise. The article proposes a division of internal factors of production development into three groups: factors of resource support of production, factors that ensure the desired level of economic and technical development of the company, factors that ensure the commercial efficiency of industrial and economic activity of the enterprise. The direction of further research is determined by the development of methods for assessing the effectiveness of financial support for enterprise development.


financial support; efficiency of activity; mechanisms; concept; own funds of enterprises

Full Text:



Balashova, R. I. (2016). Vlijanie finansovogo obespechenija na jekonomicheskoe razvitie predprijatij [Influence of financial security on the economic development of enterprises]. Vestnik Instituta jekonomicheskih issledovanij – Bulletin of the Institute of Economic Research, 3, 37-45 [in Russian].

Bezditko, Iu. M. (2011). Pryntsypy rozrobky prohram finansovoho zabezpechennia investytsiinoi diialnosti malykh pidpryiemstv [Principles of development of financial support programs for small enterprises' investment activity]. Efektyvna ekonomika – Effective economy. Retrieved from http:// [in Ukrainian].

Hatska, L. P. & Zhuravskyi, V. L. (2005). Problemy finansovoho zabezpechennia maloho biznesu v Ukraini [Problems of financial support of small business in Ukraine]. Visnyk Kyivskoho natsionalnoho universytetu imeni Tarasa Shevchenka. Ekonomika – Bulletin of the Taras Shevchenko National Taras Shevchenko University. A Series “Economy”, 80, pp. 37-40 [in Ukrainian].

Diba, E. F. (2012). Opredelenie soderzhanija sanacii proizvodstvennoj dejatel'nosti predprijatija [Determination of the content of the reorganization of the production activity of the enterprise]. Vestnik Omskogo universiteta. Ser: Jekonomika – Bulletin of Omsk University: Collected papers. A Series ‟Economicsˮ, 3, 149-154 [in Russian].

Dikan, L. V. & Holub, Iu. O. (2007). Finansove zabezpechennia diialnosti pidpryiemstva: sutnist ta dzherela [Financial support of the enterprise activity: essence and sources]. Ekonomika rozvytku – Development economics, 3 (43), 65-68 [in Ukrainian].

Ziatkovska, L. I. (2007). Metodolohichni zasady finansovoho zabezpechennia pidpryiemstv [Methodological Principles of Financial Support of Enterprises]. Finansy Ukrainy – Finances of Ukraine, 6, 148-155 [in Ukrainian].

Lomachivska, I. A. (2012). Formuvannia dzherel finansovoho zabezpechennia rozvytku sub’iektiv maloho pidpryiemnytstva [Formation of sources of financial support for the development of small business entities]. Visnyk Odeskoho natsionalnoho universytetu imeni I. I. Mechnykova – Bulletin of the Odessa I. Mechnikov National University, 17, (3-4), 37-43 [in Ukrainian].

Okseniuk, K. I. (2017). Finansove zabezpechennia rozvytku maloho pidpryiemnytstva v Ukraini [Financial Support to the Development of Small Entrepreneurship in Ukraine]. Molodyi vchenyi – Young Scientist, 7 (47), 440-443 [in Ukrainian].

Poyda-Nosyk N.N. (2003) Financial resources of the enterprise. Finance of Ukraine, 1, 96-103 [in Ukrainian].

Zhuravlova, I. V., Yastremska, O. M., Merenkova L. O. (2010). Finansy pidpryiemstva: teoretyko-metodychne zabezpechennia formuvannia ta vidtvorennia [Finances of the enterprise: theoretical and methodological support of formation and reproduction]. I. V. Zhuravlova (Ed.). Kharkiv: KhNEU [in Ukrainian].

Copa, N. V. (2010). Upravlenie razvitiem promyshlennyh predprijatij: metodologija, modeli, metody [Management of the development of industrial enterprises: methodology, models, methods]. Doneck: IT «ARIAL» [in Russian].

Hridchyna, M. V. (2012) Korporatyvni finansy (zarubizhnyi dosvid ta vitchyzniana praktyka): navchalnyi posibnyk [Corporate finance (foreign experience and domestic practice): the manual]. Kyiv: IAPM [in Ukrainian].

Buriak, P. Yu. (2007) Mobilizatsiia finansovykh resursiv dlia aktyvizatsii maloho ta serednoho pidpryiemnytstva [Mobilization of financial resources for activation of small and medium business]. Finansy Ukrainy [Finance of Ukraine], 12, 33-38. [in Ukrainian].

Kramarenko, H. O. (2012). Finansovyi analiz i planuvannia [Financial analysis and planning]. Kyiv: Tsentr navchalnoi literatury [in Ukrainian].

Vankovych, D. O. (2001). Orhanizatsiia systemnoho pidkhodu v upravlinni finansovymy resursamy [Organization of a systematic approach in financial resources management]. Rehionalna ekonomika [Regional economy], 3, 225-331 [in Ukrainian].


Article Metrics

Metrics Loading ...

Metrics powered by PLOS ALM


  • There are currently no refbacks.

Copyright (c) Tetyana Karpova

Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.


Articles are distributed under Creative Commons Attribution  International 4.0 (CC-BY-NC 4.0) 

Science Works Journal "Ekonomichnyy analiz"

ISSN 1993-0259 (Print)  ISSN 2219-4649 (Online) DOI: 10.35774/econa

© West Ukrainian National University

© «Ekonomichnyy analiz», 2007-2023