Kucherenko A. Financial engineering at the enterprises of the real sector of the economy of Ukraine

In the dissertation the scientific and theoretical substantiation of financial engineering was carried out, the status determination of financial engineering as a projection of business engineering was considered, which is represented as a system of economic relations of organizationally responsible structural elements concerning distribution and redistribution of financial resources in order to optimize the provision of business processes and achievement of target indicators. The business of an entity, which, unlike existing ones, is based on the use of financial inventions trumentiv and technologies with minimal involvement and influence of the financial intermediaries’ sector. The principles of organization of financial engineering in the enterprise of the real sector of the economy are formulated, which consist of the availability of the underlying asset (or investment capital), the obligatory identification of the risk component, the dynamism and instability of prices (or internal cost), the ability to modify the process of designing a management model. The classification of financial innovations has been systematized with the allocation of additional features, namely: crisis innovations, development innovations, new financial transactions, new financial products. The approaches to the definition of the essence of financial engineering are generalized and refined, methods and forms of realization of financial engineering at the level of enterprises of the real sector of Ukrainian economy are grounded. The analysis of functioning of financial engineering at the level of enterprises of the real sector of economy of Ukraine is carried out, factors which led to negative tendencies of functioning of financial engineering were determined. According to the results of the research on the implementation and use of financial technologies in the structure of financial management of construction enterprises of Ukraine, it was stated that the implementation of financial engineering tools and techniques was slow. Among the common types of financial investments are: securitization, hedging, factoring, as financial instruments; much less - smart contracts. The conceptual model of the impact of financial engineering effectiveness on the quality of financial management of the enterprise is presented. The model approaches to the creation of a system of informational and organizational support of financial engineering at the enterprise of the real sector of the economy are substantiated.