Kosata I. Mechanism of the state regulation to increase the investmen processes efficiency

The оbject of Research. Investment processes in Ukraine and their economic efficiency. The Purpose of Research. Substantiation fora methodological approach and practical recommendations concerning formation of government control mechanism for increase in efficiency of investment processes. The Methods of Research. Cognition methods and methods for theoretical and empiric researches, including a graphic method, cross-correlative-regressive modeling, NPV-method, method for expert estimations, as well as statistical and accounting data sampling. Practical value consists in real possibility for research results to be used in Ukraine in order to encourage development of both theoretical and practical aspects of enterprise functioning. What constitutes the novelty of the research is revealing the methodological approach and practical recommendations for building the government control mechanism for increase in efficiency of investment processes. This is the first time that the mechanism for government control over efficiency in investment processes has been developed. Based on strategic approach and with a certain perspective orientation taken into account, this mechanism includes a complexof interrelated and interdependent elements alongside the stages informing the investment strategy. Within the framework of the given mechanism, the investment strategy is formed on the basis of rating estimation of regions attractiveness, the choice of investment funding sources, and the methods for their mobilization. A methodological approach to determining the system of market transformations which create conditions favorable for investment activity development has been perfected. Financial institutions have been proved to be responsible for performing the functions of creating an environment favorable both for financial resources to be accumulated bysubjects of economic activity and for the transformation mechanism of these investment facilities to function effectively. The system of economic-legal fundamentals of government control overinvestment processes, which include an aggregate of basic forms of the state influence on investment activity through the balanced investment policy as well as totality of adequate estimation mechanisms for investment processes efficiency has been improved. The research outcomes were successfully introduced into the activity of the main economyadministration of the Kharkiv regional state administration with respect to the application of the research results while the plan for the Kharkiv region development was being drawn up.