REGISTRATION CERTIFICATE

KV #19905-9705 PR dated 02.04.2013.

 FOUNDERS

RESEARCH CENTRE FOR INDUSTRIAL DEVELOPMENT PROBLEMS of NAS (KHARKIV, UKRAINE)

According to the decision No. 802 of the National Council of Television and Radio Broadcasting of Ukraine dated 14.03.2024, is registered as a subject in the field of print media.
ID R30-03156

 PUBLISHER

Liburkina L. M.

 SITE SECTIONS

Main page

Editorial staff

Editorial policy

Annotated catalogue (2011)

Annotated catalogue (2012)

Annotated catalogue (2013)

Annotated catalogue (2014)

Annotated catalogue (2015)

Annotated catalogue (2016)

Annotated catalogue (2017)

Annotated catalogue (2018)

Annotated catalogue (2019)

Annotated catalogue (2020)

Annotated catalogue (2021)

Annotated catalogue (2022)

Annotated catalogue (2023)

Annotated catalogue (2024)

Thematic sections of the journal

Proceedings of scientific conferences

The Theoretical Basis for the Formation of an Investment Banking Strategy for Financing Venture Business
Lahoda Y. I.

Lahoda, Yurii I. (2024) “The Theoretical Basis for the Formation of an Investment Banking Strategy for Financing Venture Business.” Business Inform 8:365–371.
https://doi.org/10.32983/2222-4459-2024-8-365-371

Section: Finance, Money Circulation and Credit

UDC 336.7

Abstract:
The article generalizes the theoretical basis and develops scientifically grounded approaches and models that allow to effectively form banking strategies for financing venture business. It is defined that the methodology for studying the formation of investment banking strategies for financing venture business can vary depending on specific goals and approaches. The most common methods that can be used to conduct such studies include: system analysis, quantitative and statistical analysis, case method, qualitative analysis, generalization method, and others. It is proved that the definition of investment banking strategy covers various aspects of the formation and implementation of investment strategies that banks use to support and develop venture business. This allowed to form the theoretical foundations of such a strategy, which are based on a number of elements, in particular: market analysis and definition of strategic goals; assessment of risks and opportunities; development of an investment strategy; the process of selection and evaluation of investments; investment management and monitoring; exit from investments; ethical and regulatory aspects. Theoretical approaches to determining the investment banking strategy for financing venture business are systematized. Thus, among the most common theories in the scientific space, the following theories were allocated: ecosystems of venture capital, institutional support, globalization of venture capital, crowdfunding and alternative financial mechanisms, sustainable development and green investments. Overall, venture capital business has been proven to be an important element of investment banking strategy, as it not only expands investment opportunities but also promotes innovation and economic development. Banks that actively incorporate venture capital investments into their strategy can gain significant competitive advantages and increase profits.

Keywords: venture business, venture capital, banking strategy, investment, financing.

Fig.: 1. Tabl.: 3. Bibl.: 14.

Lahoda Yurii I. – Applicant, Department of Accounting and Finance, National Technical University «Kharkiv Polytechnic Institute» (2 Kyrpychova Str., Kharkіv, 61002, Ukraine)
Email: [email protected]

List of references in article

Herasymchuk, V. H., Dovhan, L. Ye., and Davydenko, V. R. “Innovatsiino-investytsiinyi rozvytok promyslovosti Ukrainy: problemy i perspektyvy“ [Innovative and Investment Development of Ukrainian Industry: Problems and Prospects]. Investytsii: praktyka ta dosvid, no. 12 (2006): 14-17.
“Venture Monitor“. PitchBook-NVCA. 2024. https://pitchbook.com/news/reports/q2-2024-pitchbook-nvca-venture-monitor
Teare, G. “Global Startup Funding In 2023 Clocks In At Lowest Level In 5 Years“. crunchbase news. January 04, 2024. https://news.crunchbase.com/venture/global-funding-data-analysis-ai-eoy-2023/
Block, J. H. et al. “New players in entrepreneurial finance and why they are there“. Small Business Economics, vol. 50, no. 2 (2018): 239-250. DOI: https://doi.org/10.1007/s11187-016-9826-6
Spigel, B. “The relational organization of entrepreneurial ecosystems“. Entrepreneurship Theory and Practice, vol. 41, no. 1 (2017): 49-72. DOI: https://doi.org/10.1111/etap.12167
Pushak, Ya. Ya. “Suchasni tendentsii rozvytku merezhevoi ekonomiky na pidpryiemstvakh v umovakh hlobalnykh vyklykiv“ [Modern Trends in the Development of a Network Economy in the Context of Global Challenges]. Hlobalni ta natsionalni problemy ekonomiky. 2017. http://global-national.in.ua/archive/18-2017/113.pdf
Dziekonski, K., and Ignatiuk, S. “Venture Capital and Private Equity Investment Preferences in Selected Countries“. Financial Internet Quarterly “eFinance”, vol. 11, no. 3 (2015): 128-137. DOI: 10.14636/1734-039X_11_3_010
Ferrary, M., and Granovetter, M. “The role of venture capital firms in Silicon Valley's complex innovation network“. Economy and Society, vol. 38, no. 2 (2009): 326-359. DOI: https://doi.org/10.1080/03085140902786827
Drozdovskyi, Ya. P., and Fedynets, M. M. “Venchurne investuvannia v suchasnykh umovakh rozvytku svitovoi ekonomiky“ [Venture Investment in the Current Conditions of the World Economy Development]. Naukovyi visnyk Uzhhorodskoho natsionalnoho universytetu. Seriia «Mizhnarodni ekonomichni vidnosyny ta svitove hospodarstvo», no. 43 (2022): 48-53. DOI: https://doi.org/10.32782/2413-9971/2022-43-8
Bruton, G. D., Ahlstrom, D., and Puky, T. “Institutional differences and the development of entrepreneurial ventures: A comparison of the venture capital industries in Latin America and Asia“. Journal of International Business Studies, vol. 40, no. 5 (2009): 762-778. DOI: 10.1057/jibs.2009.3
Tesliuk, S. A., Matviichuk, N. M., and Demchuk, N. V. “Kraudfandynh yak suchasnyi sposib finansuvannia: problemy ta perspektyvy yoho rozvytku v Ukraini“ [Crowdfunding as a Modern Method of Financing: Problems and Prospects of its Development in Ukraine]. Ekonomika ta suspilstvo, no. 37 (2022). DOI: https://doi.org/10.32782/2524-0072/2022-37-16
Hornuf, L., and Schwienbacher, A. “Market mechanisms and funding dynamics in equity crowdfunding“. Journal of Corporate Finance, vol. 50 (2018): 556-574. DOI: https://doi.org/10.1016/j.jcorpfin.2017.08.009
Horbach, L. M., Ruban, O. O., and Humeniuk, Ya. M. “Zelena ekonomika ta stale vyrobnytstvo v umovakh hlobalizatsii“ [Green Economy and Sustainable Production in Globalization]. Ekonomika ta suspilstvo, no. 59 (2024). DOI: https://doi.org/10.32782/2524-0072/2024-59-8
Hockerts, K., and Wustenhagen, R. “Greening Goliaths versus emerging Davids - Theorizing about the role of incumbents and new entrants in sustainable entrepreneurship“. Journal of Business Venturing, vol. 25, no. 5 (2010): 481-492. DOI: https://doi.org/10.1016/j.jbusvent.2009.07.005

 FOR AUTHORS

License Contract

Conditions of Publication

Article Requirements

Regulations on Peer-Reviewing

Publication Contract

Current Issue

Frequently asked questions

 INFORMATION

The Plan of Scientific Conferences

 OUR PARTNERS

Journal «The Problems of Economy»