ASSESSMENT OF IMPACT FACTORS AFFECTING ENTERPRISE PERFORMANCE IN THE UKRAINIAN BUILDING CONSTRUCTION SECTOR

Abstract. This research focuses on the current state of the Ukrainian construction industry. Part of the aim of the study is to evaluate progress in the construction economy through analysing both the GDP dynamics in the construction industry and overall country’s GDP. The authors prove that both Ukraine’s overall GDP and the GDP of the construction industry tended to increase in 2015—2017, however, the fluctuation observed in the share of construction industry in the GDP structure was insignificant. It has been determined that the construction industry performance is preconditioned by the country’s economic development and, on the other hand, they influence the development and potential of enterprises that belong to other industries. The study examines performance of the construction industry enterprises’ activities. Despite an increase in the economic indicators that have been observed over past few years, these activities are unprofitable. 2018 witnessed a decline in the index of construction products in general as well as of several their types. It has been established that the development of construction industry and its condition depend on various factors, the influence of which is a result of interaction between economic, market, technological, political and social processes. The volumes and structure of capital investments in construction have been estimated. The study has proved that investment volume is a significant external factor, through which the enterprises of the construction industry are financed. The economic factors and their influence on volumes of executed construction works have been investigated; the importance of considering the specific features of the industry while studying the degree of impact exercised by the factors, is justified. The directions in which the efficiency of the construction enterprises’ activities should expand are studied; besides, ways of overcoming major problems in the branch are described. Keywords: construction industry, capital investment, impact factors, enterprise performance, resources. JEL Classification L74, M41 Formulas: 0; fig.: 0; tabl.: 5; bibl.: 11.