Purpose: The purpose of this study was to investigate the effects of knowledge management on innovation capability in the banking sector. Research methodology: Cross-sectional research design was employed in this study as it supports the use of questionnaire for data collection. Fifteen deposit money banks constitute the accessible population. Questionnaire was used as an instrument for data collection. A sample size of 272 was drawn from the overall population of 920. Overall, 259 staff participated in the study. Demographic characteristics of participants were analysed with frequency distribution while linear regression was used to analyse formulated hypotheses with the aid SPSS. Findings: This study found that knowledge management has significant positive effects on innovation capability. Research limitations: The research limitation is associated with cross-sectional survey and geographical scope. Future studies should employ longitudinal survey that support data collection for a year. Secondly, future studies should be carried out in other countries other than Africa. Practical implications: The implication of the finding is that managers and directors of banks should encourage knowledge management practices in their workplaces as this has proven by this study to improve innovation capability in terms of marketing innovation capability, product innovation capability and process innovation capability. Originality/Value: There is no research that has investigated the effects of knowledge management on innovation capability. Thus, this study provides new insight on promoting innovation capability through knowledge management.

Брежнєва-Єрмоленко О.В. кандидат економічних наук, доцент, доцент кафедри фінансів та обліку Дніпровського державного технічного університету Золотарьова О.В. кандидат економічних наук, доцент, доцент кафедри фінансів та обліку Дніпровського державного технічного університету Москаленко К.О. студент Дніпровського державного технічного університету Статтю присвячено актуальним питанням інвестиційної діяльності комерційних банків. Розглянуто основні детермінанти, що впливають на обсяги та структуру інвестиційних вкладень банків України. Проаналізовано динаміку структури інвестиційної діяльності АТ «Райффайзен Банк Аваль» у розрізі фінансових та реальних інвестицій за період 2013-2017 рр. Досліджено причини низького рівня інвестиційної діяльності банківських установ України. Охарактеризовано основні умови активізації інвестиційної діяльності комерційних банків. Ключові слова: комерційні банки, інвестиції, інвестиційна діяльність, інвестиційний портфель, цінні папери, нормативи інвестування, інвестиційний ризик. Брежнева-Ермоленко О.В., Золотарева О.В., Москаленко К.О. ДЕТЕРМИНАНТЫ ИНВЕСТИЦИОННОЙ ДЕЯТЕЛЬНОСТИ КОММЕРЧЕСКИХ БАНКОВ Статья посвящена актуальным вопросам инвестиционной деятельности коммерческих банков. Рассмотрены основные детерминанты, влияющие на объемы и структуру инвестиционных вложений банков Украины. Проанализирована динамика структуры инвестиционной деятельности АО «Райффайзен Банк Аваль» в разрезе финансовых и реальных инвестиций в период 2013-2017 гг. Исследованы причины низкого уровня инвестиционной деятельности банковских учреждений Украины. Охарактеризованы основные условия активизации инвестиционной деятельности коммерческих банков. Ключевые слова: коммерческие банки, инвестиции, инвестиционная деятельность, инвестиционный портфель, ценные бумаги, нормативы инвестирования, инвестиционный риск. Brezhnyeva-Yermolenko O.V., Zolotaryova O.V., Moskalenko K.O. DETERMINANTS OF INVESTMENT ACTIVITY OF COMMERCIAL BANKS The article is devoted to the actual issues of investment activity of commercial banks. The main determinants influencing volumes and the structure of investments of Ukrainian banks were overviewed. The dynamics of the investment activity structure of "Raiffeisen Bank Aval" was analyzed in terms of financial and real investments during the years 2013-2017. The reasons of the low level of investment activity of Ukrainian banking institutions were investigated. The basic conditions of activation of investment activity of commercial banks were characterized.

Abstract. One of the trends in the development of the market of alternative motor fuels is the production and use of biofuels, biodiesel in particular. Biodiesel which is used by domestic farmers is mainly self-produced. The current situation is related, first of all, to the lack of a single standard (regulation) for biodiesel production technology and is not enshrined in any legal act in Ukraine. In the conditions of the market functioning, agricultural producers face various risk factors, in particular, instability of prices for fuels and lubricants, monopolization of certain regions or market segments by traders, low quality of fuel, etc. Conditions of biodiesel production, as well as other economic activities, usually require the creation or involvement of labor, financial and material resources, which also affects the change in the level of risk. These problems can be solved by adapting and improving the existing mathematical apparatus to risk assessment for biodiesel production projects by agricultural enterprises. The main legal act that allows to determine and assess the level of risk is the state standard of Ukraine «Risk Management. Methods of general risk assessment», which served as the methodological foundation of the study. We propose to use three main technological schemes of biodiesel production, namely: cyclic scheme of production with the use of catalysts; non-catalytic cyclic circuit and multi-reactor continuous circuit scheme. In order to analyze each of these schemes, it is proposed to analyze the feasibility of investment in terms of their effectiveness and tie-in to the risks of introducing innovative technologies. The developed methodology provides a substantiation for the choice of technological option for biodiesel production. An algorithm for calculating risks has been proposed for the introduction of biodiesel production, the preparation of business plans and the assessment of criticality of possible losses for the production. The use of methods of vector algebra and fuzzy logic in the formation of the mathematical model makes it possible to estimate the probability indicators of each risk. Keywords: biodiesel, risks, mathematical model, agriculture, risk assessment, risk assessment methods. JEL Classification C60, Q42 Formulas: 8; fig.: 0; tabl.: 0; bibl.: 18.

In the article analyzes theoretical and practical aspects of financial support of educational institutions in Ukraine. It has been established that since 2014, the state has not been able to ensure the implementation of the amount of funding at the level of 7 percent, as stipulated in the Law of Ukraine "On Education", although in recent years, this indicator has been maintained at a stable level – 6 % of GDP. The state of financing education in Ukraine by components of the education system (preschool, full general secondary, professional (vocational-technical), higher, post-graduate) was considered. The main sources of financial support of institutions of professional (vocational and technical) education in Ukraine have been determined. A parametric and prospective analysis of the coefficients of the budget-estimated financing of the vocational and technical education institution of the city of Kamiansky was carried out. It was established that during the studied period, budget funding gradually increased; the general structure of financial support is actually stable; the total amount of current expenses increased; there are no capital expenditures, which is due to the deficit of the budget of Ukraine for relevant measures; cash and actual expenses demonstrated the targeted spending of budget funds in accordance with estimated allocations; the projected growth of general fund expenditures for the next year is 15.5%. A number of promising directions for improving the system of financial support and development of vocational (vocational-technical) education institutions in Ukraine are proposed, including: improvement of the legal framework for vocational (vocational-technical) education in accordance with modern legislation, which will make it possible to clearly distribute powers from management and financing of professional (vocational and technical) education institutions at each level and introduce responsibility for the irrational use of resources; completion of the transfer of vocational (vocational and technical) education institutions from state to communal ownership and transition to financing from regional budgets of vocational (vocational and technical) education institutions located on the territory of cities of regional importance – regional centers; involvement of the private sector of the country's economy in cooperation with the state within the framework of public-private partnership, etc.

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