INFLUENCE OF INSURANCE ON COMPETITIVENESS OF FOOD ENTERPRISES IN UKRAINE
Keywords:insurance, competitiveness, food industry, assets, equity, sales, costs
The paper is devoted to the analysis of the influence of insurance on key indicators of the activity of food industry enterprises (FIEs) from the viewpoint of use of insurance by the insurance market participants. The aim of the work is to analyze the relationship between insurance costs and indicators of efficiency and competitiveness of Ukraine's FIEs. Hypotheses concerning the propensity of FIEs with higher competitiveness to use insurance and influence of insurance on key indicators of FIEs activity have been formulated and tested. Economic-statistical analysis and correlation-regression analysis have been performed. The hypothesis about the existence of dependence between the competitiveness of FIEs and the portion of money allocated by FIEs for insurance is confirmed only for FIEs with high efficiency of business activity.