Scientific article

The mechanism of influence of security factors on investment processes in Ukraine and the tools for their neutralization

Орленко, Ростислав Володимирович

Ptashchenko, Liana

Orlenko, Rostyslav

The issue of forming a security-oriented investment environment and protecting capital in the face of macroeconomic shocks is in the focus of constant attention of leading domestic and foreign scholars. The article reveals the mechanism of influence of security factors on investment processes in Ukraine and substantiates the tools for their neutralization in order to ensure capital attraction in the conditions of post-war recovery.

The underlying mechanism of the impact of security factors on investment processes in Ukraine is revealed, and the toolkit for their effective neutralization is theoretically substantiated. It is proven that under conditions of high macroenocomic turbulence, fundamental challenges and unprecedented environmental uncertainty, classical models of investment management and instruments of free-market self-regulation completely lose their relevance and effectiveness. This creates an acute need for new scientific approaches to capital management. A fundamental differentiation of the related categories of “security factor”, “vulnerability”, and “investment risk” has been carried out, allowing to eliminate terminological contradictions and form a clear conceptual basis for further analysis. The dual nature of security determinants is substantiated. It is proven that they can act not only as generators of immediate threats to investment assets but also as powerful catalysts for institutional resilience and profound structural reforms. A key achievement of the research is the development of the author’s morphological model of hazard transformation. This model convincingly proves that a primarily objective, neutral factor generates a real threat and transforms into a financial risk exclusively upon overlapping with internal systemic vulnerabilities of the national economy, such as institutional, financial or infrastructural gaps. Based on the developed model, it is argued that the strategy of passively waiting for macroeconomic stabilization is strategically flawed and inevitably leads to stagnation. This demonstrates the uncompromising necessity of a conceptual transition from a model of reactive adaptation to the active construction of a resilient, security-oriented investment space. For the practical implementation of this task, a multilevel toolkit for neutralizing destructive impact has been formed, adapted to the specifics of various types of capital carriers – from dom

безпековий чинник

інвестиційний ризик

investment processes

security factor

investment risk

Dnipro State Agrarian and Economic University, PH "DKS - Center" LLC