Economy, finances, management: topical issues of science and practical activity

SCIENTIFIC JOURNALS OF VINNITSA NATIONAL AGRARIAN UNIVERSITY

Issue №: 2 (56)

Published: 2021.06.29

DOI: 10.37128/2411-4413-2021-2

Description:
The journal deals with the issues of efficiency of functioning of the national economics and organizational forms of management of the national economy. Attention is paid to the problems of marketing, management and efficiency of production and economic activity of agrarian enterprises. The issues of public administration and administration, accounting and taxation, banking and insurance, forecasting and modeling of economic processes, foreign economic activity, commodity flows of economic entities and their infrastructure support.

Read about journal

THEORETICAL ASPECTS OF THE ESSENCE AND FEATURES OF CREDIT RELATIONS IN THE AGRICULTURAL SECTOR OF THE ECONOMY

DOI: 10.37128/2411-4413-2021-2-9

PDF Повернутись

ALESKEROVA Yuliia – Doctor of Economics Sciences, Professor of the Department of Finance, Banking and Insurance, Vinnytsia National Agrarian University (21008, Vinnytsia, 3, Soniachna Str., e-mail: aleskerovaaleskerova@gmail.com).

FEDORYSHYNA Lidiya – Candidate of Historical Sciences, Associate Professor of the Department of Analysis and Statistics, Vinnytsia National Agrarian University (21008, Vinnytsia, 3, Soniachna Str., e-mail: fedorishina@i.ua).

Annotation

The article reveals the essence of credit, investigates the evolutionary prerequisites for the emergence and formation of the categorical apparatus of lending, defines the characteristic features of credit, which were studied by representatives of various theories. The stages of development of credit relations in society are systematized. The stages of development of credit relations, principles, functions and features of lending to enterprises in the agricultural sector of the economy have been investigated.

The evolutionary aspects of credit as an economic category have been investigated from the standpoint of the capital-creation theory and the theory of credit regulation.

It has been established that the main provisions of the capital-creation theory treat credit as a category independent of the reproduction process and as a decisive factor in the development of the economy. It is proved that the capital-creation theory received its development in the form of the expansionist theory of credit, based on the provisions on the infinity of credit and the deposits and capital created by it. It is proved that the essence of credit is revealed more deeply by the theory of credit regulation, which determines the priority role of the monetary system in the development of the state's economy, emphasizing its ability to regulate the economic system and prevent crisis phenomena. It has been established that the development of credit theories at the present stage is reflected in the redistribution and stock theories.

It has been proved that it is expedient to use an integrated, multi-level approach to the study of the essence, functions, mechanisms of the functioning of credit and to determine its influence on the development of the state economy. The result of this research is the author's conceptual vision of credit as an economic category, which systematically covers the essence, role and functions of credit. The legitimacy of the existence of a separate mechanism of credit relations in the agricultural sector of the economy, covering credit institutions, the credit market, credit policy and the credit flows themselves, has been proved. The essential characteristics and features of agricultural credit are systematized and the priority features of credit facilities in agriculture are highlighted. Five groups of factors have been formulated that affect the availability of credit for business entities in agriculture in modern conditions.

Keywords: credit, credit relations, agricultural credit, risk, lender, borrower.

List of references

1. Kvit, N. (2011). Unifikatsiia ponyattevoho aparatu vidnosno ipotechnoho kredutyvannia [Unification of the conceptual apparatus in relation to mortgage lending]. Visnyk lvivskoho universytetu. Seriia: Yurydychna – Bulletin of Lviv University. Series: Legal, 54, 224-231 [in Ukrainian].

2. Versal, N.І. (2007). Teoriya kredytu [Credit theory]. Kyiv: Vydavnichiy dim Kievo-Mohilyanska akademiia [in Ukrainian].

3. Hahn, L. Albert. (2015) Economic theory of bank credit. Oxford University Press [in English].

4. Shchetinin, A.І. (2006). Hroshi ta kredyt [Money and credit]. Kyiv: Tsentr uchbovoi literatury [in Ukrainian].

5. Bandurka, O.M., Hlushchenko, V.V., & Hlushchenko, A.S. (2014). Hroshi ta kredyt [Money and credit]. Lviv: Mahnoliia [in Ukrainian].

6. Bechko, P.К., & Herasimova, T.T. (2013). Bankivske kredytuvannia ahrarnogo vyrobnytstva [Bank lending for agricultural production]. Uman: Visavi. Vydavets Sochinskyi [in Ukrainian].

7. Valentseva, N.I. (2010). Zakony i zakonomernosti razvitiia kredita [Laws and patterns of credit development]. Bankovskie uslugi – Banking services, 12, 2-9 [in Russian].

8. Gula, A.S. (2016). Teoretychni kontsepsii kredytu: evolutsii pohlyadiv [Theoretical concepts of credit: the evolution of views]. Regionalna ekonomika ta upravlinnia – Regional economy and management, 1 (08), 48-51 [in Ukrainian].

9. Savluka M.I. (2011). Hroshi ta kredyt [Money and credit]. Kyiv: KNEU [in Ukrainian].

10. Gudz, О.E. (2005). Kredytuvannia i bankivske obslugovuvannia pidpryemstv agrarnogo vyrobnytstva: suchasni tendentsii ta osoblyvosti [Lending and banking services of agar production enterprises: current trends and features]. Kyiv: NNTS, ІАЕ [in Ukrainian].

11. Vdovenko, L.O. (2019). Kredytuvannia v APK [Lending in the agro-industrial complex]. Vinnitsa: VNAU [in Ukrainian].

12. Grishchuk, N.V. (2019). Kredutne zabezpechennia funktsionuvannia silckohospodarskih pidpryemsv v umovah suchasnogo ekonomichnoho seredovyshca [Credit support for the functioning of agricultural enterprises in the modern economic environment]. Shidna Evropa: ekonomika, biznes ta upravlinnia – Eastern Europe: Economy, Business and Management, 6 (23), 613-624 [in Ukrainian].

13. Demiianenko, М.Y. (2002). Kredytna polityka derzhavy schodo ahrarnoho sektora ekonomiky v rynkovyh umovah [State credit policy on the agar sector of the economy in market conditions]. Ekonomika Ukrainy – Ukraine economy, 1, 51-59 [in Ukrainian].

14. Lahutin, V.D. (2002). Kredytuvannia: teoriia i praktyka [Lending: theory and practice]. Kyiv: Znannya [in Ukrainian].

All journal issues

About the journal

Topics of the journal:

С1 Economics and International Economic Relations (by specialization)

D1 Accounting and Taxation

D2 Finance, Banking, Insurance and Stock Market

D3 Management

D4 Public Management and Administration

D5 Marketing

D7 Trade

J3 Tourism and Recreation

Keywords: economics , international economic relations , accounting , taxation , finance , banking , insurance , stock market , management , public management and administration , marketing , trade , tourism and recreation

Key information:

ISSN (print): 2411-4413

DOI: 10.37128

All-Ukrainian scientific and production journal “Economics, finance, management: topical issues of science and practical activity” is a peer-reviewed open-access journal that publishes original research, theoretical articles and reviews on a wide range of economic and business issues. The articles, which have scientific and scientific-practical significance, highlight theoretical and methodological aspects of the development of agrarian sector of economy and related industries, the results of fundamental and applied research.

The purpose of the journal is to highlight the results of fundamental and applied research in the field of economic sciences, aimed at developing modern approaches to managing economic processes, financial support for enterprise activities and increasing the efficiency of economic systems. The publication is focused on creating a scientific environment for the exchange of research results between scientists, higher education students and practitioners in economic sphere, as well as on the dissemination of modern scientific and methodological approaches to solving current economic and management problems. The journal contributes to the development of the research in the field of enterprise economics, finance, accounting, auditing, management, marketing, entrepreneurship, trade, tourism and recreation, public management and administration, economic development and international economic relations, which meets the modern needs of the socio-economic development of the state.

The journal’s objectives are:

• publishing the results of fundamental and applied research in the fields of economics, international economic relations, finance, management, public administration, accounting, marketing, tourism and recreation, and entrepreneurship;

• promoting the development of modern methods of managing enterprises and organizations, increasing the efficiency of using financial and material resources;

• supporting the research aimed at improving the economic mechanisms of enterprise functioning, developing innovative activity, and increasing the competitiveness of economic structures;

• ensuring the scientific exchange of research results between higher education institutions, scientific institutions, and business entities;

• developing methods of economic analysis, forecasting, and modeling of socio-economic processes;

• disseminating of modern approaches to financial management, accounting, taxation, and control of economic activity;

• promoting the development of interdisciplinary research related to the economic support of the development of agrarian sector of economy and rural areas;

• integration of scientific research results into the international scientific space and increasing the level of scientific communication.

Publisher: Vinnytsia National Agrarian University

Link to the journal on the publisher’s website: ”Economics, finance, management: topical issues of science and practical activity”

Frequency of issue: 4 times a year.

Language of publication: Ukrainian, English.

Editor-in-Chief: Inna Honcharuk

State registration: Decision of the National Council of Ukraine on Television and Radio Broadcasting No. 1337 and No. 1178. Media identifier – R30-05171. Publisher registration number (EDRPOU) 00497236.

Publisher’s ROR: https://ror.org/05m3ysc06 Publisher’s DOI prefix: 10.37128 ISSN (print): 2411-4413

Publisher DOI prefix: 10.37128 ISSN (print): 2411-4413

The scientific journal is included in category "B" of the List of scientific professional publications of Ukraine, in which the results of dissertations for the degree of Doctor and Candidate of Sciences in the specialties C1 (051) - Economics, D1 (071) - Accounting and Taxation, D2 (072) – Finance, Banking, Insurance and Stock Market, D3 (073) – Management, D5 (075) – Marketing, D7 (076) – Entrepreneurship and Trade, (241) – Hotel and Restaurant Business, D4 (281) – Public Management and Administration (Order of the Ministry of Education and Science of Ukraine dated March 17, 2020 №409)

History of journal:

Founded in 1997 under the name ”Bulletin of Vinnytsia State Agricultural Institute”. In 2010-2014 it was published under the name “Collection of Scientific Papers of Vinnytsia National Agrarian University”. Since 2015 “Economics, finance, management: current issues of science and practical activity” (Certificate of State Registration of Mass Media No. 21154-10954 PR dated 12/31/2014).