INFLUENCE OF SOCIAL CAPITAL IN THE FINANCIAL SUPPORT OF INNOVATION ACTIVITY OF ENTERPRISES
Abstract
The present dictates to the Ukrainian society the latest approaches to solving the issue of socio-economic direction: the solution of economic problems provides an opportunity for the implementation of the social fulfillment of the state’s obligations to the population. A significant burden on the implementation of budget policy is borne by the financial sector of the economy, where the main role is assumed by a new economic concept – social capital, which determines and corrects the main role of a person. Society is responsible to the state, in turn, it requires full fulfillment of the state’s obligations to society. This chain of interconnection and interaction "person-business-state" is based on trust and mutual understanding, which is the driver of progress and innovation in all spheres of activity of the state and the Ukrainian people. Social capital has its own tendencies of development and influence on the financial provision and resource of innovation activity of enterprises, which can be identified as a unity of economic interactions and relations that are formed for the effective and comprehensive use of all possible sources of financial savings and resources and obtaining the maximum effect and further growth of efficiency and innovation. It is the management of an enterprise aimed at development and innovation activities aimed at an effective increase in production and economic activity, which affects the socio-economic balance between business and society under the strict control of the state. The development of the theoretical basis of innovations in the enterprise and its practical application in the future can contribute to the development of the financial sector of the state, which is extremely necessary and relevant in the conditions of crisis and war. The development of social capital introduces a new strategy and path of innovation into the system of economic relations, which is aimed at overcoming the crisis and prospects for the future development of the country.
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References
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