EFFICIENCY OF THE INVESTMENT POLICY OF CONSTRUCTION ENTERPRISES IN THE CONDITIONS OF GLOBAL TRANSFORMATIONS
DOI:
https://doi.org/10.32689/2523-4536/72-6Keywords:
investment policy, construction industry, global transformations, technological innovations, environmental challengesAbstract
The author considered the current topic of the importance and adaptation of investment policy in the construction industry to global transformations in the world economy. The purpose of the study is a deep study and thorough analysis of the effectiveness of the investment policy of construction enterprises in the conditions of global transformations. The article identified key aspects of the impact of transformations on the construction sector, such as technological changes, environmental challenges and the growth of international competition. In addition, the functions of the investment policy of construction enterprises were revealed and the need to adapt investment strategies to the new realities of conducting construction business was reflected. One of the most important components of global transformations is the rapid development of technologies and digital transformation. In the construction industry, this is manifested in the implementation of modern construction technologies, the use of sensors, mobile applications, artificial intelligence systems and the Internet of Things (IoT) for the management of construction and maintenance of facilities. The author considered the impact of these factors on increasing labor productivity, reducing costs, and improving the quality of construction works. Global transformations open up new opportunities and challenges for the construction industry. To achieve efficiency in the face of global changes, construction enterprises must adapt their investment policy, implement modern technologies and create environmentally friendly facilities. The author considered the main elements of the investment policy of construction enterprises: the goals of the investment policy, financing, project planning, risk management, monitoring and control. The work demonstrates that only under the condition of adaptation to global transformations and the use of modern technologies, the enterprises of the construction industry will be able to remain competitive in the future and meet the needs of the domestic and foreign markets.
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Brown, A. (2020) Investment Strategies for Construction Companies in Times of Economic Uncertainty. Construction Economics and Finance, 27(4), 45–59.
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Williams, E. (2018) The Role of Government Policies in Shaping Investment Decisions in the Construc¬tion Sector. Construction Policy Review, 25(1), 78–92.
Garcia, M. (2017) Investment Allocation in the Construction Industry Amidst Global Transformations. Journal of Construction Economics, 42(3), 211–228.
Lee, S. (2016) Managing Construction Investments in a Time of Crisis: Lessons from the Syrian Conflict. International Journal of Project Management, 33(5), 890–905.
United Nations (2022) Global Economic Trends and the Impact on Infrastructure Investment in War-Torn Regions. UN Report on Infrastructure Development, 27, 45–59.
World Bank (2019) Infrastructure Investment Strategies for Building Resilience in a Changing Global Landscape. World Bank Policy Brief, 12(4), 65–78.
Harvard Business Review (2015) Investment Decision-Making in the Construction Industry: Best Practices in Times of Crisis. Harvard Business Review, 10(2), 112–125.
Kovtoniuk, K.V. (2017) Digitalization of world economy as factor of economic growth. Scientific Bulletin of the Kherson State University, 27, 29–33.
