THE INFLUENCE OF MACROECONOMIC FACTORS ON THE FOR-MATION AND USE OF ENTERPRISES PROFITS

Abstract

In the system of economic indicators, financial results, which reflect various aspects of production, sales, supply and financial activities of the enterprise, occupy a prominent place. Modern practice shows the urgent need for research on the formation and use of profits, confirmation of what is the chronic lack of funds in almost all sectors of the financial system of Ukraine and the unsatisfactory financial condition of many businesses. Therefore, a comprehensive and detailed study of profits, which is central to the overall system of financial instruments and levers of economic management, has become an urgent need. This means that finance, credit, prices, costs and other levers are directly or indirectly related to profits. The article substantiates the theoretical and methodological approaches to the role of the state and the system of macroeconomic factors influencing the financial performance of economic entities. The analysis of financial results (profit and efficiency) of enterprises of Ukraine for 2014-2018 is carried out. The tasks of the priority institutional transformations which will promote in the future growth of profitability of the enterprises and strengthening of activity of the state in providing of economic and legal conditions for Ukrainian business entities activities are highlighted. The research shows that the positive impact of macroeconomic (external) factors has an extremely important impact on the formation of financial results of enterprises. It is concluded that the task of the state is to maximize the reserves of increasing the profitability of economic entities in the field of public financial policy.