Hamaili A. The mechanism of investment of small and medium enterprises

The presented work is devoted to solving the scientific problem of theoretical substantiation and development of methodological approaches and practical recommendations for improving the investment mechanism of small and medium enterprises. The object of research is the process of formation and implementation of the mechanism investment of small and medium enterprises. Subject of research is a set of theoretical, methodological and applied provisions to ensure the formation and effective implementation of investment mechanism of small and medium enterprises. The research used theoretical principles of economic science on investment development of small and medium enterprises, streamlined scientific positions on the interpretation of content and essence of small and medium enterprises, systematized scientific approaches to research evaluation and formation investment mechanism of small and medium enterprises, modeling income and expenses at each stage of the life cycle of small and medium enterprises, developed methodological tools for evaluating investment, as well as substantiated some parameters of development small and medium enterprises, this model graphical interpretation of estimating the levels of break-even production and profit in relative units of Electro Lux Montazh LLC is constructed. The given graphic interpretation of dependences values of relative profit and a stock of financial durability gives the chance to estimate visually probability of transition the enterprise to certain states of functioning characteristic of it. Scientific and practical recommendations for the formation the investment mechanism of small and medium enterprises are proposed. The main stages of integration investment activity into the anti-crisis management system are specified and the scheme of anti-crisis management in their investments is improved. A model for managing the investment activities of small and medium-sized enterprises, which takes into account the peculiarities of their operation. A conceptual model of the mechanism of investment of small and medium-sized enterprises according to the criterion of efficiency is proposed, taking into account the details of the structural relationships between sources of investment, forms and stages of development these entities. An important improvement the investment mechanism of small and medium enterprises is the use of a methodological approach to assessing the need to raise funds in the enterprise on the basis of rational justification for the use of various forms and key areas of investment in its life cycle stages. The proposed methodological approach is based on the criterion of break-even point as a key aspect of crisis management, taking into account estimates this financial strength and entrepreneurial risk. A method of applying numerical methods to calculate the amount of income and expenses at each stage of the life cycle for the entire period of operation of such business entities has been developed. A system of integrated indicators of the feasibility of investing funds in the course of its economic activity has been formed. Estimates of the stability and riskiness of the company's position in the implementation of investment measures in the process of stages of its life cycle. The results of such an assessment are identified in the context of the probable increase in profit or loss, which provides an opportunity to increase the level of economic justification for investment decisions in the relevant areas of the enterprise.