{"id":20953,"date":"2025-12-03T20:15:11","date_gmt":"2025-12-03T18:15:11","guid":{"rendered":"https:\/\/modecon.mnau.edu.ua\/?p=20953"},"modified":"2025-12-03T23:01:47","modified_gmt":"2025-12-03T21:01:47","slug":"improving-investment-activity-efficiency-of","status":"publish","type":"post","link":"https:\/\/modecon.mnau.edu.ua\/en\/improving-investment-activity-efficiency-of\/","title":{"rendered":"Polishchuk N., Sydorenko O. Improving Investment Activity Efficiency of an Enterprise under Current Challenges"},"content":{"rendered":"

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JEL Classification:<\/strong> E22; G31; L25; M21; O16.<\/span><\/i><\/td>\nDOI<\/b>: https:\/\/doi.org\/10.31521\/modecon.V53(2025)-28<\/a><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

[\/vc_column_text][vc_column_text]Polishchuk Natalia, <\/b>Doctor of Economic Sciences, Professor, Professor of the Department of Finance and Banking, Vasyl\u2019 Stus Donetsk National University, Vinnytsia, Ukraine.<\/span><\/p>\n

ORCID ID:<\/strong> 0000-0001-8037-0471<\/span><\/a>
\ne-mail: <\/strong>n.polishchuk@donnu.edu.ua<\/span><\/a><\/p>\n

Sydorenko Oleksandra, <\/b>Applicant for higher education of the second (master\u2019s) level, Vasyl\u2019 Stus Donetsk National University, Vinnytsia, Ukraine.<\/span><\/p>\n

ORCID ID:<\/strong> 0009-0007-0161-7247<\/span><\/a>
\ne-mail: <\/strong>sydorenko.o@donnu.edu.ua<\/span><\/a><\/p>\n

Improving Investment Activity Efficiency of an Enterprise under Current Challenges<\/b><\/h2>\n

Abstract. Introduction<\/i><\/b>. <\/span><\/i>In the context of volatile macroeconomic conditions, energy price shocks, and supply-chain disruptions, improving investment efficiency is critical for Ukraine\u2019s food-processing enterprises. For canning plants, investment activity directly affects capacity utilization, product quality, and export readiness. Understanding investment dynamics and responding promptly to seasonality and raw-material risks are essential for long-term resilience.<\/span><\/i><\/p>\n

This article examines the investment activity of Yarmolynetskyi Cannery LLC in 2021\u20132024 \u2013 a period marked by unstable demand, spikes in input costs, and logistics constraints. Unlike retail, canning requires capital-intensive modernization (thermal processing, sterilization, packaging), strict quality-control systems (HACCP, ISO), and robust working-capital management to bridge seasonal procurement. These features shape both the structure of capital expenditures and their economic impact.<\/span><\/i><\/p>\n

Purpose<\/i><\/b>. The aim is to substantiate theoretical and methodological approaches to improving an enterprise\u2019s investment activity by analyzing internal financial performance and evaluating the effectiveness of capital investment projects in the context of the canning industry. The study identifies key factors that affect investment outcomes \u2013 such as raw-material seasonality, energy intensity, compliance costs, and market access \u2013 and develops practical recommendations for optimizing investment policy at Yarmolynetskyi Cannery LLC.<\/span><\/i><\/p>\n

Results<\/i><\/b>. The paper presents a four-year (2021\u20132024) assessment of the cannery\u2019s investment activity, covering the composition and dynamics of capital investments, sources of financing (both equity and debt), and the enterprise\u2019s financial autonomy. Investment effectiveness is assessed using ROA, ROE, revenue dynamics, and the investment-to-operating-result ratio. The analysis reveals uneven cash flows caused by harvest cycles, rising energy and packaging costs, and periods of negative profitability that suppress ROE. At the same time, targeted capital expenditures (CAPEX) in processing lines, energy-efficiency retrofits, and cold-chain upgrades show potential to increase capacity utilization and reduce unit costs. Identified bottlenecks include the absence of a formalized post-investment monitoring loop, limited use of risk-adjusted appraisals (e.g., scenario or Monte Carlo analysis for seasonality and price volatility), and underdeveloped export-readiness procedures. In response, the paper proposes a strategic concept integrating phased modernization, HACCP\/ISO-driven quality investments, supplier diversification, energy-efficiency projects with measurable paybacks, and adaptive planning aligned with seasonal procurement windows.<\/span><\/i><\/p>\n

Conclusions<\/i><\/b>. Yarmolynetskyi Cannery LLC possesses tangible investment potential, yet achieving higher efficiency depends on strengthening investment governance, instituting continuous monitoring, and embedding risk-adjusted evaluations tailored to seasonality and energy exposure. Integrating ESG and innovation principles \u2013 such as waste reduction, water\/heat recovery, and recyclable packaging \u2013 supports cost control and market access. The proposed concept offers a comprehensive framework for managing investment activity under uncertainty. When implemented consistently, it can stabilize profitability, enhance export readiness, and support sustainable growth.<\/span><\/i><\/p>\n

Keywords<\/b>: investments; investment process management; efficiency; enterprise.<\/span><\/i><\/p>\n

References<\/b>:<\/strong><\/p>\n

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    [\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]Received: <\/strong>24 October 2025<\/span><\/p>\n

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    Polishchuk N., Sydorenko O. (2025). Improving Investment Activity Efficiency of an Enterprise under Current Challenges. Modern Economics, 53(2025), 200-205. DOI: https:\/\/doi.org\/10.31521\/modecon.V53(2025)-28.<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

    [\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text css=”.vc_custom_1657628632157{margin-top: 10px !important;}”]<< \u041f\u043e\u0432\u0435\u0440\u043d\u0443\u0442\u0438\u0441\u044f \u0434\u043e \u0437\u043c\u0456\u0441\u0442\u0443<\/a>[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n<\/section>","protected":false},"excerpt":{"rendered":"

    [vc_row][vc_column][vc_column_text] JEL Classification: E22; G31; L25; M21; O16. DOI: https:\/\/doi.org\/10.31521\/modecon.V53(2025)-28 [\/vc_column_text][vc_column_text]Polishchuk Natalia, Doctor of Economic Sciences, Professor, Professor of the Department of Finance and Banking, Vasyl\u2019 Stus Donetsk National University, Vinnytsia, Ukraine. ORCID ID: 0000-0001-8037-0471 e-mail: n.polishchuk@donnu.edu.ua Sydorenko Oleksandra, Applicant for higher education of the second (master\u2019s) level, Vasyl\u2019 Stus Donetsk National University, Vinnytsia, Ukraine.
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