In today's economic development, attracting investment is one of the main ways and sources of development and expansion of agrarian enterprises. Investments play the most important role in the formation of enterprise resources. Therefore, the most important for a business entity is the creation of favourable conditions for investing by investors. The basis for an investor's investment decision is the level of investment attractiveness of an enterprise. For this purpose, analysts of farms should be able to professionally and accurately calculate the investment attractiveness of an enterprise based on the rating of the issuer, based on the definition of the financial state and the method of integrated assessment. The application of this approach allows the quick access to the prospects of investing funds and the reliability of the work of investment objects. At the same time, the investment potential of enterprises and investment risks are expressed as an integral indicator, which allows to estimate the investment attractiveness of enterprises. To test the results of the research, three joint-stock agricultural companies have been selected, located in different regions, the companies do not have the same investment climate and specialize in the cultivation of cereals and industrial crops. Based on the calculation of financial indicators, we have determined their investment attractiveness. The proposed methodology for assessing the investment attractiveness of agricultural enterprises, which consists of calculating the integral indicator, will allows to explore all aspects of the activity and take into account a significant set of indicators. The mathematical tools of this technique will allow to standardize the indicators and reduce them to a homogeneous value, and ultimately rank the evaluated enterprises by the level of investment attractiveness. The practical application of the above recommendations will increase the objectivity of assessing the investment attractiveness of agricultural enterprises, will enable the investor to prove the expediency of investing in a particular country, region, industry or enterprise.
Agriculture is one of the most important types of economic activity for the Ukrainian economy, since together with other related economic activities it forms more than half of Ukraine’s GDP and the share of agriculture in the production of goods and services tends to increase. In such conditions, an important and urgent task is a retrospective study of the architectonics of financing of agricultural enterprises in Ukraine, the factors influencing it and the substantiation of the prospects for its optimization. The aim of the study is the empirical assessment of the formation of architectonics of financing of agricultural enterprises in Ukraine under the influence of macroeconomic factors and industry factors. For the empirical assessment of the architectonics of financing of agricultural enterprises of Ukraine, a system of absolute and relative indicators, regression and correlation analysis were applied. An empirical assessment of the financial support of agricultural enterprises in Ukraine in the context of agricultural development allowed to distinguish three periods: 2010-2013 – an increase of financial resources of agricultural enterprises in Ukraine subject to excess of equity, ensuring of financial stability of enterprises; 2014-2015 – reduction of financial resources of agricultural enterprises subject to excess borrowed funds, partial loss of financial stability of enterprises; 2016-2018 – an increase of financial resources of agricultural enterprises in the direction of restoring the potential of financial stability and a deterioration in the payment discipline of the resources of agricultural enterprises.
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