Economic Bulletin of the National Mining University

 

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Article

Issue:2021 №4 (76)
Section:Entepreneurship and economics of enterprise
UDK:334.012.64
DOI:https://doi.org/10.33271/ebdut/76.190
Article language:English
Pages:190-199
Title:State and prospects of small enterprise development in the field of construction
Authors:Tymoshenko L. V., Dnipro University of Technology,
Litvinov Yu. I., Dnipro University of Technology
Annotation:Methods. The results were obtained through the use of methods: theoretical generalization – in establishing the theoretical basis of the business entities of the construction industry in modern business conditions; logical analysis – in determining the prospects for the development of the market of construction works and services and construction products; classification and analytical method – in the study of the business environment of functioning of small businesses in the construction industry, graphic analysis – to visualize the results of the study. Results. It is established that the construction industry is essential and provides a multiplier effect on the country's economy with the effective interaction of different industries. Positive trends in the growth of indices of construction products and an increase in the share of the construction industry in the structure of Ukraine's GDP have been identified. The state of the construction industry is formed under the influence of crisis conditions caused by the coronavirus pandemic. It is established that the depth of negative impact on the activities of business entities in this industry is determined by a set of interrelated factors. The construction industry requires significant capital investment and is characterized by high cost. However, given the role of the construction industry in economic recovery and its social significance, government support should help increasing construction volumes by involving not only large and medium-sized businesses, but also small construction companies as flexible and adaptive structures. The development of dialogue will help to ensure partnerships between public authorities and business entities. Novelty. The peculiarities of cooperation between public authorities and small businesses of the construction industry on the basis of public-private partnership in order to better meet the needs of society and increase the efficiency of entrepreneurial activity are summarized taking into account the conditions of the modern business environment. Practical value. Guidelines for the formation of dialogue and cooperation between public authorities and small businesses in the construction industry on the basis of public-private partnership are proposed. 
Keywords:Small business, Development trends, Business environment, Construction industry, Public-private partnership
File of the article:EV20214_190-199.pdf
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