FORECASTING THE BEHAVIOR OF INVESTORS THROUGH THE PRISM OF APPLYING THE LATEST CONTRACTUAL TOOLS IN THE CONCEPT OF GAME THEORY

Abstract

Introduction. The relevance of the article is predetermined by the insufficient attention of Ukrainian and foreign scientists to the possibility of using the mathematical apparatus of game theory to predict the behavior of subjects of investment activity, depending on the existence and proper formatting of contractual relations between them. Purpose. The purpose of the article is based on game theory to establish the dependence of the investor's behavior on the presence of properly executed contractual obligations. Methods. The methods of mathematical analysis were applied in the article to model the behavior of investors in the case when for failure to comply with the liabilities, sanctions are absent or improperly fixed, and in the case when for violation of liabilities, sanctions due to modern contractual instruments are clearly defined and effective in terms of their possible application. Results. The conducted research has demonstrated that the probability of fair execution by the parties of the liabilities will be high when using shareholders agreements, convertible loans, options, warranties and indemnities, liquidation preferences, restriction agreements (non-disclosure agreements, non-solicitation agreements, non-compete agreements) an effective mechanism for influencing the offender will be established. Conclusion. The role of contractual instruments to ensure financially secure relations in the system of attracting foreign investors is extremely important. Effective assessment of financial security in the system of attracting foreign investors should be carried out considering the availability and proper execution of contractual relations between them. It makes sense to develop in further scientific research an innovative methodology for assessing the level of financial security of business entities in the system of attracting foreign investments to Ukraine at the micro level taking into account the following factors: an integral indicator of property status, an integral indicator of liquidity; an integral indicator of financial independence; an integral indicator of business activity; an integral indicator of profitability and an integral indicator of applying contractual tools into the investment project.