Formation of a Credit-Monetary Mechanism for Ensuring the Sustainable Development of Ukrainian Trade Enterprises

• Main Authors: Blуznіuk Оksana P., Staverska Tetiana О., Ivanyuta Oksana М.
• Format: Article
• Language: English
• Published: Research Centre of Industrial Problems of Development of NAS of Ukraine 2019-07-01
• Series: Bìznes Inform
• Subjects: financial and credit-monetary mechanism; sustainable development; enterprise of trade
• Online Access: http://www.business-inform.net/export_pdf/business-inform-2019-7_0-pages-240_249.pdf

The article is aimed at substantiating the essence, functions, principles, structural-logical links of the components, levers and instruments of formation of the credit-monetary mechanism for ensuring the function of trade enterprises, identifying tendencies of its impact on the efficiency and sustainable socio-economic development of trade enterprises in Ukraine. The features of the financial-credit mechanism, which represents a set of institutional and organizational-managerial elements, methods, forms, levers, instruments, information-legal provision of the financial-credit influence on the current status and the socio-economic development of market structures are defined. It is proved that the financial and monetary-credit components of the economic mechanism operate in close interdependence and interconnection, complementing each other. In the process of expanded reproduction, they should be considered as a single system, which provides the necessary financial-credit resources to the socio-economic activities of the State and economic entities. A special feature of the credit-monetary mechanism for ensuring the development of trade enterprise is its focus on the formation of temporary funds of borrowed resources of the enterprise, involved on the principles of return, urgency, payment, voluntary behavior, effective use in the process of trade-economic activity, which would ensure repayment of the borrowed funds and the socio-economic development of the entity of entrepreneurship. The effect of the credit-monetary mechanism, functioning of its structural elements, their relationships, forms, methods, instruments and levers of influence on ensuring the constant development of trade enterprises is researched. Taking attention of the high level of use of borrowed capital in the activities of trade enterprises in Ukraine, key methods, levers and instruments of the credit-monetary mechanism for ensuring the sustainable development of trade enterprises are allocated, that are directly related to the efficient management of leveraged financial resources, such as: general market, inflation, price, cost, temporal, spatial, organizational-technical, structural-dynamic, efficient, risky.