MEDZINÁRODNÉ VEDECKÉ DNI 2008

BONDARENKO, A. - KOSODIY, R.

IMPROVEMENT VALUE CHAIN FINANCING IN UKRAINE

Anotácia:

Abstract:
Today new production and marketing relationships have evolved due to economic globalization and commercialization of agriculture, both of which have penetrated rural areas in most countries of CEE. As a result, changes are taking place in farm production systems, distribution channels, financial markets and use of information technologies in the food industry. These changes often require capital-intensive investments. However, rural finance in Ukraine still remains very challenging and is generally weak. Under existing conditions, it is necessary to develop an additional tool, used to study rural finance issues from both supply and demand perspectives, such as value chain approach. Our research deals with analysis of enterprises and financial service providers, which are considered as links in a larger system or chain. We explore financial flows within the value chain among the chain participants, as well as potential linkage between chain participants and third party providers of finance (such as financial institutions) to improve growth of the chain.