Yatsenko Оlexandr, Doctor of Economics, Professor, Head of the Department of Business Economics, Accounting and Audit, Cherkasy National University named after Bogdan Khmelnitsky, Cherkasy, Ukraine

ORCID ID: 0000-0002-6404-1894
e-mail: allexsan74@ukr.net

State Regulation Regional Investment Activities

Abstract. Introduction. Without setting the task of systematizing the set of points of view presented in the literature that reveal the content of investment activity, we consider it possible to propose an author’s methodological approach to its identification as an object of the state’s managerial influence. It is formed by the following theoretical provisions.

Purpose. The purpose of the article is to reveal the role of the state in the development of investment activity at the regional level.

Results. Identifying the role of the state in the development of investment activities in the region is connected with a clear definition of the object of regulation, management influence on which can ensure the growth of its scale and increase in efficiency. Solving this task is possible, first of all, by means of a study of existing interpretations of investment activity, which reveal its meaning. Regarding the interpretation of the concept of “investment activity” in the works of domestic and foreign scientists, there is no unambiguous definition.

Without setting the task of systematizing the set of points of view presented in the literature that reveal the content of investment activity, we consider it possible to propose an author’s methodological approach to its identification as an object of the state’s managerial influence. The implementation of the proposed methodological approach will, in our opinion, allow to develop, clarify and supplement the theoretical ideas about the peculiarities of investment activity as an object of state management (regulation).

The article offers the author’s methodological approach to the identification of investment activity as an object of the state’s managerial influence. The composition of the basic goals, conditions and factors of investment activity and the task of state management of investment activity in the region in modern conditions are determined. The composition of factors (potentials) that determine the possibilities of investment activity in the region is proposed.

Conclusions. In accordance with the current legislation, investment activity is defined as a set of practical actions of citizens, legal entities and the state regarding the implementation of investments for the purpose of obtaining income or profit. In the works of domestic and foreign scientists, there is no unequivocal definition regarding the interpretation of the concept of “investment activity”. In our opinion, investment activity cannot be assessed unambiguously. On the one hand, the position that reveals investment activity in the unity of various processes (attraction of investments, formation of their structure, development and implementation of investment projects) deserves support. On the other hand, various authors absolutize the importance of commercial success, which is achieved by appropriate measures. Investments in human capital, for example, in the state vocational education system, are not initially oriented towards profit.

Without setting the task of systematizing the set of points of view presented in the literature that reveal the meaning of investment activity, the author proposed an author’s methodological approach to its identification as an object of the state’s managerial influence.

Keywords: investment activity; state regulation; content of investment activity; methodological approaches; basic goals; conditions and factors of investment activity; the target function of the state in the sphere of investment activity.

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