The thesis is devoted to the development of theoretical and methodological basis, practical recommendations for financing of innovative economic development by banks. Theoretical approaches to determining the needs to introduce innovative type of economic development that provides systematization of theoretical and empirical research of innovative development; study of the state participation influence on innovative development of the world countries on the basis of analysis of the evolution of provisions of the concept of growth theory, readiness of transition of Ukraine to the model of innovative development of the «quadruple spiral», substantiation of components of the management model of innovative development of economy have been discussed. The above mentioned made it possible to develop measures and state incentives for banks to lend to innovative economic development.
The components of the system of financing innovative development of the economy are substantiated: identified subjects, objects, goals and instruments of their achievement; economic levels of management (macro-, meso- and micro) are determined. The author`s interpretation of the concept of «system of financing of innovative development of economy» is proposed. Implementation of the proposed system will ensure synergetic effect and fulfillment of strategic goals and innovative development, realization of economic interests of the state and participants of innovative process.
A method for assessing the credit potential of Ukrainian banks has been developed: author`s interpretation of credit potential is proposed and approaches to quantitative assessment are grounded. Differences from existing approaches have been substantiated: first, determining credit potential as prospective gain in credits; secondly, the necessity of bank`s compliance with prudential regulations in determining its quantitative evaluation. The use of the proposed methodology makes it possible to assess the prerequisites for the development of bank lending and for the positive contribution of the banking system to economic growth.
Scientific and methodological approaches to determining financial results of interaction of banks along with other actors in the innovation process under the influence have been formed: exogenous factors and endogenous factors; unity of these potentials, depending on the innovative risks, will lead to positive or negative synergistic effects. Understanding this will help to create an effective system of credit risk management to obtain the positive effect of lending to banks for the needs of innovative economic development.
Improved scientific and methodological approaches to assessing the impact of the banking sector on enhancing the innovation activity of economic agents, the use of which allows to substantiate the priority of the tools in innovation policy in achieving the goals of technological development of the countries of the world, to prove the stimulating value of bank credit for the balanced growth of the Ukrainian economy.
The analytical tool for estimating the participation of banks in assessing the needs of innovative development of enterprises in the real sector of the Ukrainian economy is substantiated. Using the method along with nonparametric statistics, regression and correlation analysis grounded statistically significant participation of banks in the process of modernization and economic growth of new enterprises, defined the contribution of long-term bank loans in the processes of modernization and economic growth of industrial enterprises, interaction between bank loans, indicators that characterize innovation in industrial activity and the country`s capacity for development. The above measures will facilitate the development of the state stimulation of banks lending to innovative economic development.
Theoretical approach to the mechanism of banking project financing has been made, its components and the relationships between them have been defined; It was proposed to consider the mechanism of bank project financing as a complex phenomenon, consisting of secure, transformative and efficient subsystems, the use of which allows to achieve the planned result of the interaction of participants of the process of financing innovative projects of national importance. This approach will allow to accumulate and distribute significant amounts of financial resources from different sources, eliminating risks based on their redistribution between participants of a state-owned innovative project.
