Investment and Innovation Potential of Ukrainian Enterprises in Ensuring the Economic Security of Ukraine

Mariya KHMELYARCHUK1 and Andrii PAVLYSHYN2

1Poznan University of Technology, Poznan, Poland

1,2Ivan Franko National University of Lviv, Ukraine

DOI: https://doi.org/10.5171/2025.4642425

Abstract

The research provides a quantitative and qualitative assessment of the investment and innovation potential of Ukrainian enterprises, identifying trends and factors affecting its development under wartime and post-war recovery conditions, and emphasizing its role as a key element of national economic security. This study addresses gaps in current literature regarding comprehensive analyses under unprecedented security challenges and the need to support post-war economic reconstruction.

Based on a combination of resource, structural-functional, and index approaches, a comprehensive methodology for assessing the investment and innovation potential of Ukrainian enterprises was developed. The study identified four key components ‒ scientific, financial, human resources, and market ‒ and determined normalized and standardized indicators for each to calculate an integral index for 2019–2024.

Results reveal a reduction in financial and material resources during the war, alongside relative stabilization of scientific and human resources due to adaptive strategies and structural innovation. SWOT analysis identifies internal strengths and weaknesses, as well as external opportunities and threats, which influence the growth of enterprises’ investment and innovation potential as a fundamental factor in the stability and security of the national economic system at the micro and macro levels.

The study concludes that an integrated investment and innovation strategy, combining internal enterprise resources with engagement with the external environment, supported by flexible management, state assistance, and favorable institutional conditions, is essential to enhance business competitiveness, resilience, and the economic security of the state.

Keywords: investment and innovation potential; economic security; competitiveness; post-war recovery.
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