The research on the anti-crisis innovations financing in business structures is determined by the need for modern scientific-based methods of crisis management in economic process. In order to prevent negative financial results in activities of all business structure entities, it is necessary to take measures of the anti-crisis program in terms of innovations introduction. The use of innovations joint financing by an integrated association is able to increase the business structure's economic efficiency and helps to prevent crisis situations. The mechanism for funding anti-crisis innovations in business structures is developed in this paper in order to clarify approaches to crisis management. The interpretation of terms "business structures innovations" and "anti-crisis innovations" is substantiated. It is proposed to include the Institute of innovations into the business structure, where an innovation fund should be created aimed to finance anti-crisis innovations. The theoretical and methodological approach to the economic efficiency estimation of business structures that implement innovations to avoid possible crisis phenomena is developed. The investment risk estimation method for BS participants which invest into a company that may be in a crisis is proposed.
<p><strong>Theoretical background</strong>: There is an ongoing global acceleration of automation and digitalisation in financial processes, which points to significant changes in public spending policies. After an analysis of several scientific studies, fundamental approaches have been elaborated to understand public consumption and the system of state purchases. The basic hypothesis for this research was to study the possible impact of the electronic procurement market ProZorro on state purchases in Ukraine. Possible directions are: increasing competitiveness, optimising state expenditures and saving the budget funds of public services based on innovative digital technology.</p><p><strong>Purpose of the article</strong>: The main goal is to investigate the impact of the electronic public procurement system ProZorro on corruption and bureaucracy in the public sector of Ukraine. The study object is an analysis of the volume and structure of the public procurement market, the number of procedures and participants in a bidding process, and the savings amounts in ProZorro’s public purchases during the study period in Ukraine.</p><p><strong>Research methods</strong>: The following methods were used during the research of the Ukrainian electronic procurement system: dialectical method; analysis and synthesis method – for a comparison of certain types of public procurement; subthreshold and suprathreshold statistical methods – for analysing the dynamics of indicators of the domestic system of public procurement during the period under research for a comparison of the indicators of public consumption of certain ministries and departments, different regions and territorial entities; structural and logical analysis – for generalising the theoretical and methodological principles of building a public consumption system in Ukraine. The main source of data was the data and analytical base of the ProZorro electronic public procurement system.</p><p><strong>Main findings</strong>: Effects of the innovative digital paradigm on the transparency and efficiency of public procurement are determined. Considerable attention is paid to the implementation of the electronic public procurement system ProZorro in Ukraine. The expediency is substantiated for its implementation in the national practice of budget expenditures, and the principles and procedures of implementation are analysed. The practice and dynamics of the public procurement market in Ukraine are summarised. The conclusions of the advantages of electronic system are provided, including transparency and impartiality, stimulation of competition and non-discrimination of bidding participants, reduction of corruption and the effect of reducing the savings of budget funds. Potential risks, threats and disadvantages of the ProZorro system in Ukraine are highlighted. Among them are: a high proportion of non-competitive procedures; possible latent conflict regarding the participants’ interests; unreasonable time spent on individual procedures; the justification of the procurement procedure to one participant due to a dubious “urgent need”; unreasonable application of the procurement procedure to one participant due to the falsification of conditions or the division of the procurement subject; the existence of discriminatory requirements in the documentation of competitive bidding; and a lack of efficiency in the complaints handling mechanism.</p>
The article further develops the system of early warning and response to crisis situations in the local community through the consideration of risks. At the same time, the list of external and internal risks for ensuring effective anti-crisis management at the enterprises of territorial communities is defined. The methods of prevention of internal risks of occurrence of financial crisis at participants of territorial community are offered. In this context, it is justified that the system of early warning and response to crises in the local community will include methods to prevent the risks of financial crisis in the members of the local community. The article presents theoretical aspects of taking into account the risk of investing funds of members of the territorial community in the enterprise, which is in danger of crisis, actualizes the assessment and analysis of the implementation of a new direction of enterprise development, which requires additional financial resources in adverse (crisis). In the study, effective methods of preventing external risks in members of the local community are substantiated. It is established that the external risks that affect the management of crisis phenomena in the territorial community will include: a) economic; b) political; c) social. It is established that diversification is reflected as an influential factor in crisis management. It is substantiated that effective regulation of external risks affecting the management of crisis phenomena includes government regulation. According to the authors, the study of the theoretical foundations for building a risk assessment system to ensure effective crisis management in the enterprises of territorial communities will ensure the effective functioning of various participants in territorial communities.
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