Capitalization as a factor in increasing the competitiveness of the forest industry

Svitlana Nesterenko

Ekonomika, Journal for Economic Theory and Practice and Social Issues, 2021, vol. 28, issue 3

Abstract: The purpose of the article is to define and substantiate the system of indicators of the forest industry capitalization as a factor in increasing its competitiveness. Research methods. Empirical method (for estimating the indicators of the level of capitalization of the forestry complex in the dynamics), synthesis (problems and directions of increasing the capitalization of the forest industry), abstract-logical (theoretical generalizations and formulation of conclusions) are used. Research results. The features of forestry activities are disclosed and the classification of forest industry entities is given depending on regional characteristics, in particular, the forest resource potential on them and their geographical location. Ways are proposed regarding the possibility of increasing the level of capitalization (as a factor in increasing competitiveness) of the forest industry by introducing a number of organizational, technical and managerial innovations, including diversification of activities, priority areas of cooperation with local governments and with subjects of the agro-industrial complex. Scientific novelty. The conclusions about the features of the investment attractiveness of the forestry industry as a necessary factor in increasing the level of capitalization were further developed, and positive and negative trends were generalized in the context of the prospects for increasing the level of capitalization of the forestry complex. For this, the system of indicators of forestry capitalization has been identified and studied, and the calculation of each of them in dynamics has been provided. Practical significance. The necessity of applying relative criteria for diagnosing the competitiveness of the forestry sector of the economy has been established. Proposals for a list of relevant criteria have been made. Tabl.: 1. Refs.:10

Keywords: Financial; Economics (search for similar items in EconPapers)
Date: 2021
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