Investment efficiency and enterprise development in a globalized economy: the role of institutions, fiscal policy and innovation systems
Abstract
Investment activity constitutes one of the fundamental driving forces behind the sustainable economic advancement of enterprises. It should not be interpreted merely as a process of mobilizing financial capital; rather, it represents a multidimensional instrument for technological renewal, structural modernization of production, implementation of innovative solutions, and the strengthening of competitive positions in both domestic and international markets. Through investment, enterprises are able to transform their production capacities, adopt advanced technologies, and increase productivity, thereby ensuring long-term economic viability.
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