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ФОРМИРОВАНИЕ ИНВЕСТИЦИОННОГО КАНАЛА: ДЕТЕРМИНАЦИЯ, ФАКТОРЫ ФИНАНСОВОЙ ПОЛИТИКИ И СТРАТЕГИЧЕСКИЙ ПОДХОД
The relevance of this research is substantiated by the fact that the integrated management approach will help to unite and focus the heterogeneous instrumental mechanism of regulatory influence on investment processes to achieve strategic goals, in particular, the development of the supply-side economy in Russia. Without a radical change in investment policy, an increase in the volume of investment in the real sector of the economy, in particular, an increase in the production of means of production, a decrease in the level of depreciation of fixed assets, the most important problems of restructuring the economy and industry, the competitiveness of products and the technological level of production cannot be solved. A tight monetary policy does not objectify the investment channel, and the measures implemented within its framework do not lead to an increase in supply and competitiveness of the economy, do not develop investment demand. The relevance of forming an investment channel is justified by the goal of changing the vector of development and the formation of a supply-side economy, as well as adapting to external economic shocks. The purpose of the research is to develop an integrated management approach to identifying investment triggers, the most complete range of factors for the formation of an investment channel in the main production capital of the economy. The paper presents for the first time the definitions of integrated strategic investment management, investment channel, and investment trigger. The analysis of scientific views on the impact of financial and monetary policy on the supply-side economy and investment processes, taking into account different periods and levels of economic development, is carried out. An economic and mathematical analysis of individual factors of the sources of investment in fixed assets and the production base of the supply-side economy and their interrelations is carried out. Conclusions are made that the level and stage of economic development, the institutional structure and the structure of the financial system play a fundamental role in the formation of the relationship between the firm's leverage and investments in the economy, and the current set of endogenous and exogenous factors leads to the need to abandon the standard previously used patterns of monetary policy and methods for the development of the economy and investment potential. A structural model for the formation of an investment channel for the supply economy has been developed. The proposed approach forms the conceptual basis for the investment impulses and triggers search and the development of methodological solutions based on the integration of strategic, investment and financial management tools.