INVESTMENT SUPPORT FOR ECO-INNOVATIVE MEASURES AIMED AT ENHANCING THE COMPETITIVENESS OF AGRO-INDUSTRIAL ENTERPRISES
DOI:
https://doi.org/10.25313/3083-7782-2026-5-80Keywords:
innovation, eco-innovation, innovative development, investment support, enterprise competitiveness, agricultural enterprises, industrial enterprisesAbstract
Introduction. Global ecological transformation requires agricultural enterprises to transition to sustainable development models in response to rising environmental risks and evolving ESG standards. The study is relevant given the need to develop new sources of investment support to implement environmental innovations as a key factor in competitiveness.
Purpose. The purpose of the article is to deepen the theoretical and methodological foundations for the formation of a system of investment support for environmentally innovative measures by agricultural enterprises to strengthen their market positions under conditions of sustainable development.
Materials and methods. The work uses methods of systemic and comparative analysis, theoretical generalization of concepts of innovative development ("Triple Helix" and "Porter's hypothesis"), and analytical reports from the OECD and FAO. Structural and functional modeling is used to develop the architectonics of integrated competitiveness.
Results. The formation of theoretical approaches to ecological development was studied, and the key areas of implementation of ecological innovations were systematized: the use of renewable energy sources (biogas plants, solar stations), energy-efficient technologies, digitalization of monitoring (IoT, GIS), biotechnological solutions, organic production, and precision farming systems. It was established that eco-innovations have a “double effect”: ecological (emission reduction, soil restoration) and economic (cost optimization, value growth, increased investment attractiveness). The concept of integrated eco-innovation competitiveness was developed, based on the synergy among investment and financial (sources of capital), eco-innovation (technological renewal), and competitive and market (export potential, brand) components. It was determined that an effective investment support system should integrate “green” financing tools, ESG investments, grant resources, and public-private partnership mechanisms to achieve the goals of ecological modernization.
Further research in this area. The implementation of the proposed approaches will ensure the agricultural sector's adaptation to global challenges and strengthen market positions by introducing closed production cycles. Further research will focus on developing applied tools to assess enterprises' ESG maturity to access international financial resources.
References
Batiuk, L. A., & Reznytska, T. O. (2018). Global economic transformations and their features at the present stage. Economy and Society, 16, 24–28. Retrieved from https://economyandsociety.in.ua/journals/16_ukr/5.pdf
Tolstova, A. V. (2023). Transformational changes in the global economy: Experience and impact on the economy of Ukraine. Bulletin of Transport and Industry Economics, 81–82. https://doi.org/10.18664/btie.81-82.288263
Fedorov, E. V. (2023). Influence of the modern global environment on the formation of economic security of Ukraine. Economics: Time Realities, 2(66). https://doi.org/10.5281/zenodo.8155111
Schumpeter, J. A. (1934). The theory of economic development: An inquiry into profits, capital, credit, interest, and the business cycle. Harvard University Press.
Freeman, C., & Soete, L. (1997). The economics of industrial innovation (3rd ed.). MIT Press.
Freeman, C. (1987). Technology policy and economic performance: Lessons from Japan. Frances Pinter Publishers.
Etzkowitz, H. (2008). The triple helix: University–industry–government innovation in action. Routledge.
Leydesdorff, L., & Etzkowitz, H. (2000). The dynamics of innovation: From national systems and “Mode 2” to a triple helix of university–industry–government relations. Research Policy, 29(2), 109–123.
Leydesdorff, L. (2010). The knowledge-based economy and the triple helix model. Annual Review of Information Science and Technology, 44(1), 365–417.
Porter, M. E. (1990). The competitive advantage of nations. Free Press.
Rousselière, S., et al. (2024). Beyond Porter hypothesis: Empirical evidence of heterogeneous and contextual economic returns of eco-innovations on a sample of European SMEs. Journal of Cleaner Production, 484, Article 144329. https://doi.org/10.1016/j.jclepro.2024.144329
OECD. (2021). Assessing the economic impacts of environmental policies: Evidence from a decade of OECD research. OECD Publishing. https://doi.org/10.1787/bf2fb156-en
Scarpellini, S., Valero-Gil, J., & Portillo, P. (2016). The economic–finance interface for eco-innovation projects. International Journal of Project Management, 34, 1012–1025. https://doi.org/10.1016/j.ijproman.2016.04.005
Nosratabadi, S., et al. (2019). Sustainable business models: A review. Sustainability, 11(6), Article 1663. https://doi.org/10.3390/su11061663
OECD. (2020). ESG investing: Environmental pillar scoring and reporting. OECD Publishing. https://doi.org/10.1787/0cc43524-en
Bagorka, M., & Yakubenko, Y. (2025). Protses rozrobky ta vprovadzhennia ekolohichno oriientovanykh innovatsii ta marketynhovykh innovatsiinykh pidkhodiv u diialnosti ahrarnykh pidpryiemstv [Process of development and implementation of ecologically oriented innovations and marketing innovation approaches in the activities of agrarian enterprises]. Stalyi rozvytok ekonomiky, 1(52), 327–334. https://doi.org/10.32782/2308-1988/2025-52-45 [in Ukrainian].
Hubeni, Yu. Ye., Zelisko, N. B., & Raiter, N. I. (2025). Implementatsiia ESG-stratehii yak chynnyk zmitsnennia ekonomichnoho potentsialu ahrarnykh pidpryiemstv [Implementation of ESG strategies as a factor in strengthening the economic potential of agricultural enterprises]. Innovatsiina ekonomika, 4, 68–75. https://doi.org/10.37332/2309-1614-2025-4-10 [in Ukrainian].
Chaikina, A., & Musiienko, Yu. (2022). Problemy ta perspektyvy vprovadzhennia ekolohichnykh innovatsii na ahrarnomu pidpryiemstvi [Problems and perspectives of environmental innovations implementation in an agricultural enterprise]. Ekonomika i rehion, 3(86). https://doi.org/10.26906/EiR.2022.3(86).2646 [in Ukrainian].
Vovk, V. (2025). Implementatsiia ESG-kontseptsii: stratehichnyi imperatyv staloho zrostannia malykh ta serednikh ahrarnykh pidpryiemstv Ukrainy [Implementation of ESG concepts: Strategic imperative for sustainable growth of small and medium-sized agrarian enterprises of Ukraine]. Ekonomika ta suspilstvo, 81. https://doi.org/10.32782/2524-0072/2025-81-117 [in Ukrainian].
Shostak, I. (2024). Kontseptsiia ESG yak vektor vprovadzhennia innovatsiinykh tekhnolohii [ESG concept as a vector of introduction of innovative technologies]. Ekonomika ta suspilstvo, 62. https://doi.org/10.32782/2524-0072/2024-62-89 [in Ukrainian].
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2026 Костянтин Володимирович Павлов, Олена Миколаївна Павлова, Інга Олексіївна Шаповалова
This work is licensed under a Creative Commons Attribution 4.0 International License.
