文章基本信息

标题：INVESTMENT ATTRACTIVENESS OF THE PORT INDUSTRY IN CRISIS CONDITIONS
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作者：Svitlana Ilchenko ; Ganna Glushko
期刊名称：Investment Management & Financial Innovations
印刷版ISSN：1810-4967
电子版ISSN：1812-9358
出版年度：2017
卷号：14
期号：3
页码：251-260
DOI：10.21511/imfi.14(3-1).2017.09
语种：English
出版社：LLC “Consulting Publishing Company “Business Perspectives”
摘要：Historically,the maritime industry in Ukraine,which previously was subordinated to the Ministry of Transport of Ukraine and whose successor is the Ministry of Infrastructure of Ukraine,was complex of different organizations(shipping companies, ports,ship-repairing and shipbuilding factories and other related and auxiliary enter?prises).They had their own organizational structures,goals and tasks and in some way interacted with each other.Such organization was aimed,first of all,at achieving target production indicators formed by the state authorities.In fact,such structure of mari?time industry can be regarded as vertically integrated.When the issue of increasing the economic efficiency of the main component of the maritime industry(of the ports) was raised,the main efforts were aimed at minimizing the costs of their functioning. This led to the creation of horizontally integrated(in whole or in part)companies in the maritime industry.The driving factor for their implementation should be the trans formation of organizational and economic mechanisms of regulation of the port's ac?tivity from the point of view of a clearly defined anti-crisis character. Therefore,the goal of the study was to develop and justify the feasibility of using a mod?el that will determine the effectiveness of the strategy of investment into the develop?ment of the organizational and economic mechanism of regulation of the port activity. The calculations of determining the best variant of an investment project under differ ent external conditions are presented.In calculations based on certain criteria(appro?priate levels of capitalization and effective dividend policies),we took into account the factors related to the expectations of the crisis in Ukraine,Ukraine's unpreparedness to enter the new technological phase,the loss of scientific and technical personnel,infla?tionary phenomena and instability of the national and world currencies. In addition,within the framework of the developed model,the authors propose an algorithm that makes it possible to select the characteristics and determine the param?eters of optimization of the organizational and economic mechanism of regulation of the port activity under the conditions of long-term continuation of the crisis situation.
关键词：port activity;investment attractiveness;dividend policy of ports;financial and economic crisis;Ukraine