Ways to Develop Financial Resources in the Innovative Development of the Economy

Abstract

This article examines strategies for amassing financial resources to spur innovative economic development, a pressing global issue, particularly in light of the recent pandemic. Emphasis is placed on maintaining operational continuity in production and services by funnelling funds from national and international capital markets into the corporate sphere, preserving the financial stability of joint-stock companies, ensuring employment, and introducing novel financing mechanisms. The paper also provides a detailed analysis of economic studies on the structure and characteristics of capital markets. The process of garnering financial resources from capital markets, guided by cash flow direction and the deployment of hybrid financial instruments during finance agreement negotiations, is also discussed. Overall, the article seeks to elucidate and address the challenges of driving innovation in economic growth through effective financial resource management.