Abstract
In this article, we aim to determine the current needs of the cooperative sector of the economy in terms of financial infrastructure. Moreover, we seek to identify the prospective directions of the development of financial infrastructure during the COVID-19 crisis. We determined the correlation and regression dependencies between the development of the cooperative sector (based on the example of cluster development) and the financial infrastructure elements. As a result, we proved that the financial infrastructure, to a large extent (68.05%), determines the development of the cooperative sector of the economy. The directions of financial infrastructure development that best suit the needs of cooperative sectors are: increasing the availability of venture capital, decreasing the tariffs, and lowering the influence of government corruption on business. Current needs are connected to decreasing the influence of corruption to 43.40 points (down 3.57%), lowering tariffs to 51.71 points (down 5.89%), and raising the availability of venture capital to 76.98 points (up 77.75%). However, this scenario has a 2–25% chance of happening. In a more probable scenario (18–24% chance), these elements would increase only partially. However, this scenario would still see a 28.245 increase in the corporate sector’s well-being (to 69.88 points).
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Yankovskaya, V.V., Mishchenko, V.V., Belkina, E.N. (2022). Financial Infrastructure in the Cooperative Sector of the Economy: Current Needs and Development Trends. In: Bogoviz, A.V., Suglobov, A.E., Maloletko, A.N., Kaurova, O.V. (eds) Сooperation and Sustainable Development. Lecture Notes in Networks and Systems, vol 245. Springer, Cham. https://doi.org/10.1007/978-3-030-77000-6_126
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