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Enhancing investment attractiveness in wartime: a comprehensive analytical approach

Author

Listed:
  • Mariia Karpushenko

    (O. M. Beketov National University of Urban Economy in Kharkiv)

  • Tetiana Momot

    (O. M. Beketov National University of Urban Economy in Kharkiv)

  • Inna Kraivska

    (O. M. Beketov National University of Urban Economy in Kharkiv)

  • Galyna Shapoval

    (O. M. Beketov National University of Urban Economy in Kharkiv)

  • Oleg Karpushenko

    (O. M. Beketov National University of Urban Economy in Kharkiv)

Abstract

The study focuses on analyzing the changes in investment attractiveness during wartime, when certain regions are occupied or destroyed, some enterprises are non-operational due to damaged production facilities, there is a significant outflow of labor force, and energy issues arise. The core issue of the study lies in the necessity of considering the complex political and economic situation’s impact on Ukraine’s investment climate. This requires developing more adaptive assessment methods that can account for both economic and socio-political risk factors. In such circumstances, reliable data is hard to obtain, which prompted the goal of substantiating the factors that characterize the country’s investment attractiveness. To provide a comprehensive assessment of investment attractiveness, an integrated indicator is proposed, which combines data reflecting investment attractiveness, including indices calculated by leading global organizations. The analysis includes such indices as the Innovation Development Index, the Corruption Perception Index, and the Judicial System Index. As a result, an average value of the changes was calculated, showing a comprehensive shift in the indicators related to investment attractiveness. The analysis using the integrated indicator demonstrated that investment attractiveness has decreased by 10 % during the war, but certain indicators, such as the Corruption Facilitation Index and the Judicial Index, have actually improved during the war. The results obtained can be used to develop risk management strategies for both international and local investors. They can also serve as a basis for creating recommendations for improving the investment climate, which in turn can attract capital and stimulate economic growth under challenging conditions

Suggested Citation

  • Mariia Karpushenko & Tetiana Momot & Inna Kraivska & Galyna Shapoval & Oleg Karpushenko, 2024. "Enhancing investment attractiveness in wartime: a comprehensive analytical approach," Eastern-European Journal of Enterprise Technologies, PC TECHNOLOGY CENTER, vol. 5(13 (131)), pages 6-13, October.
    • Handle: RePEc:baq:jetart:v:5:y:2024:i:13:p:6-13
    DOI: 10.15587/1729-4061.2024.312761
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    References listed on IDEAS

    as
    1. Maria Karpushenko & Tetiana Momot & Yuliia Mizik & Galyna Shapoval & Oleg Karpushenko, 2023. "Accounting and analytical provision of enterprise risk management in the conditions of the state of war: identification, assessment, measurement and display of risks," Eastern-European Journal of Enterprise Technologies, PC TECHNOLOGY CENTER, vol. 3(13(123)), pages 42-51, June.
    2. Renata Činčikaitė & Ieva Meidute-Kavaliauskiene, 2023. "Assessment of Attractiveness of the Baltic States for Foreign Direct Investment: The TOPSIS Approach," JRFM, MDPI, vol. 16(2), pages 1-15, January.
    Full references (including those not matched with items on IDEAS)

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