Optimization of the System of Monitoring the Effectiveness of Venture Investments
Larysa Ivanchenkova1, Inna Sysoieva2, Julia Ratushna3, Tetiana Kotenko4, Nataliia Baistriuchenko5, Yurii Melnyk6
1Larysa Ivanchenkova, Department of Accounting and Audit, Odessa National Academy of Food Technologies, Odessa, Ukraine.
2Inna Sysoieva, Department of Accounting and Audit, Vinnytsia Educational and Scientific Institute of Economics, Ternopil National Economic University, Vinnytsia, Ukraine.
3Julia Ratushna, Financial Markets Department, National University of the State Fiscal Service of Ukraine, Irpin, Ukraine.
4Tetiana Kotenko, Central Ukrainian National Technical University, Kropyvnytskyi, Ukraine.
5Nataliia Baistriuchenko, Department of management, Sumy State University, Sumy, Ukraine.
6Yurii Melnyk, Accounting and Audit Department, Odessa National Academy of Food Technologies, Odessa, Ukraine.
Manuscript received on November 15, 2019. | Revised Manuscript received on November 23, 2019. | Manuscript published on November 30, 2019. | PP: 2145-2150 | Volume-8 Issue-4, November 2019. | Retrieval Number: D7727118419/2019©BEIESP | DOI: 10.35940/ijrte.D7727.118419
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: The paper discusses real examples of venture capital firms that have reached a high level, as well as start-ups that have not yet managed to become mature companies. The paper presents statistical data on venture investments in the form of tables and graphs for clarity and simplification of the perception of numerical data. The process of evaluating venture capital enterprises is described, which allows you to decide to invest money in a project or abandon such a decision. In the course of the research, scientific, comprehensive literature, periodical informational publications, and Internet resources of various types were used: websites of venture funds, Internet blogs of famous business angels, research articles on venture investment. The choice of diverse literature made it possible to approach the questions of research critically, which helped to ensure an independent assessment. Besides, scientific calculations were used from related fields – marketing, economic psychology, management, which allowed us to consider the topic from different angles, illuminating the subject and object of research from new perspectives. The economic and mathematical model for assessing the impact of venture network actors on the commercialization of innovative products at the regional level consists of the following indicators: advanced manufacturing technologies used; volume of innovative goods, works, services; the number of personnel engaged in research and development; grant of patents; amount of investment; domestic current expenditure on research and development; share of investments in 1 private equity and venture capital fund; share of expenses of the first organization for research and development.
Keywords: Actors, Effectiveness, Monitoring, Venture Investments.
Scope of the Article: Classification.