Kornieieva Y. State regulation of investment activity in Ukraine.

The dissertation investigates the theoretical and methodological foundations of the system of state regulation of investment activity through the prism of the evolutionary development of economic thought concerning the necessity and features of state regulation of economic processes in general and investments in particular. The categorical apparatus of investment activity regulation is characterized. The theoretical recombinant pluralism of the genesis of the formation of state regulation of investment activity, as a basis for the development of multi-vector directions of orthodox and heterodox theories of investing is disclosed. The conceptual foundations and directions for improvement of the system of regulation of investment activity according to specific features of transitive economies based on the synthesis concepts of behaviorism, climate economics, social economics and evolutionary trends that will provide a synergistic effect of market and state regulation are substantiated. The specific factors that significantly affect the tools of regulatory system and belong to the category «path dependence» for the economies in transition are defined (transitive consciousness, weakness of state regulatory institutions, institutional complementarity with supranational regulation). The scientific position on the necessity and possibility of applying the principles of regulation of investment activity adapted to the main factors of «path dependence» of the transitive economy is substantiated. The principle of regulatory invariant sustainability, the principle of adaptive synergistic coordination, the principle of institutional coordination complementarity, the principle of transparency and accountability, the principle of regulatory divergence, the principle of global-local binary are specified. The distributive role of state regulation of investment activity in realization of the concept of sustainable development is investigated. Particular attention is paid to the analysis of state regulation of institutional changes in investment activities, determining the role of the government in the institutional transformation of the investment component of digital development. The institutional architecture of digital developments in the mechanism of investment attraction is outlined. The institutional bases of stimulation of investment activity of enterprises belonging to the public sector, by creating an export-credit agency is defined. The research contains a methodology for a new non-financial reporting indicator allowing to evaluate the purpose of enterprise’s capital investments policy - maximizing profits or following the concept of sustainable development. The comprehensive assessment of the system of factors that influence the investment decision-making process in terms of the post-industrial transformations is developed. The strategic priorities of modernization of state regulation of investment attraction in the public sector in Ukraine are substantiated.