UDC 330.33.01:69; JEL L74, O18
Paranchuk, S. V., Chervinska, O. S., Popadynets, N. M., & Kornachuk, O. Yu. (2022). Finansovi resursy budivel'nykh kompaniy v kryzovykh umovakh [Financial resources of construction companies in crisis conditions]. Rehional'na ekonomika - Regional Economy, 104 (2), 79-84. DOI: https://doi.org/10.36818/1562-0905-2022-2-8. [in Ukrainian].
Sources: 10

Authors



Paranchuk Stepan Vasylyovych

Ph.D. of Economics, Professor

Professor of the Department of finance of the Institute of Economics and Management of the Lviv Polytechnic National University

Contacts: stepan.v.paranchuk@lpnu.ua

Webpages:

Chervinska Oksana Stepanivna

Ph.D. of Economics, Associate Professor

Associate Professor of the Department of finance of the Institute of Economics and Management of the Lviv Polytechnic National University

Contacts: oksana.s.chervinska@lpnu.ua

Webpages:

Popadynets Nazariy Mykolayovych

Doctor of Economics, Senior Researcher

Senior Researcher of the Department of regional economic policy of the Dolishniy Institute of Regional Research of NAS of Ukraine; Professor, Deputy Director for Scientific and Pedagogical Work of the Department of economics and marketing of the Academic Institute of Spatial Planning and Prospective Technologies of the Lviv Polytechnic National University

Contacts: popadynets.n@gmail.com, (032)270-7089, (096)945-9098

Webpages:

Kornachuk Olesya Yuriyivna

Master of the Department of finance of the Lviv Polytechnic National University

Contacts: olesia.kornachuk.mnfb.2020@lpnu.ua

Webpages:

Resume

The construction industry is the most attractive investment for both domestic and foreign investors, although the industry is developing in today’s modern conditions. Since the beginning of the war, it has been especially obvious that market companies are forced to adapt to the conditions, including changing suppliers, sales patterns, and marketing strategy. The effective functioning of construction enterprises depends on management decisions, which should be aimed at developing a strategy that would lead the enterprise out of financial instability. Approaches to the creation and implementation of management decisions should be based on the features of construction structures as a product, determined by the specifics of the construction process. The following features of the construction process are distinguished: a long period of the production cycle; the factor of natural and climatic, political, and economic conditions that create the need to take into account additional risks; seasonality of construction, when the pace of work decreases in the cold season; the impossibility of building a large number of objects at the same time. In order to support and ensure the necessary level of competitiveness, enterprises involved in the construction industry select priority areas of development, adapt to fluctuations in the external environment, maintain an appropriate level of economic security, and use the latest technologies for the organization of management processes. Construction companies that have enough experience in the real estate market themselves encourage and explain to the client the attractiveness of investing in certain objects. Usually, the investor offers three schemes of operation: buying companies for himself, investing with the purpose of resale, and investing with the purpose of renting. This article examines the process of attracting funds in schemes for the formation of financial resources of construction companies and their sensitivity to changes in the current market conditions.

Keywords:

construction, investment, derivative securities, property rights

References


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