The influence of the institutional environment on development of investment activity in the agricultural sector of the economy

Relevance of the research topic. In the conditions of transformation, a special role in the formation of a favorable institutional environment for the intensification of investment activities in the agricultural sector is given to the state as an important institution for the organization of the process and its participants. Formulation of the problem. The relationship of investment activity with the processes of institutional transformation is still poorly studied in economic theory due to the novelty of this process and are systemic in nature. Here, a significant role is played, first of all, by the institutional features of the formation of a favorable investment environment in the conditions of deepening transformation and integration processes in the state. For the transformational economy, the system of economic property relations is an urgent problem, in particular, for the agricultural sector – it is land ownership. Analysis of recent research and publications. Many works of famous scientists are devoted to the issue of institutional theories of investment: A. Spithof [5, p. 330-331], J. Commons [3], W. Mitchell [15], J. Buchanan [4], W. Rostow [24], R. Coase [11], J. Ellull [27], R. Aron [18], J. Galbraith [30], J. Schumpeter [21], W. Favor [19], K. Eklund [7], A. Burley [6], G. Minz [6], I. Nadler [6], S. Chase [6], P. Drucker [26]. In Ukraine, scientific research of domestic scientists using the methodological tools of institutionalism A. Bykova, M. Kolesnik, T. Kosovo, N. Marenkov, A. Ivashina, V. Fedorenko is also presented. In the works of N. Marenkov [13], A. Bykova [1], O. Ivashina [1], M. Kolisnyk [9], M. Tugan-Baranovsky [20], the organization of the process of formation and development of non-market forms of economic interactions in conditions of transformation of social and economic relations. Selection of unexplored parts of the general problem. A special study of investment activity in the context of deepening transformation processes in the national economic system requires consideration of two aspects of this process: the need and principles of adaptation of investment institutions as carriers of another institutional tradition to the market environment; study of those positive institutional effects of direct investment, which contribute to the acceleration of institutional transformations, the adaptation of world "institutional standards" to national conditions. Setting the task, the purpose of the study. To study the theoretical a