Abstract
Financing of R&D at enterprises is the subject of the study. The problem of assessing the degree of investment in R&D at industrial enterprises for management purposes is solved. These findings are explained by the assumption of linear dependence of the volume of R&D investment of a particular enterprise on the aggregate industry R&D investment taken as a benchmark. The tendency of R&D investment growth in the industry, as well as the regularity of R&D investment at the surveyed enterprises were confirmed. Time series of R&D investments were analyzed for the enterprise under assessment and for the whole industry using trend smoothing methods. The particularities of the obtained results are expressed in the application of comparable coefficients (investments in R&D and sales volumes of the enterprise's products), as well as the use of the developed evaluation methodology in enterprise management. The practical significance of this study lies in its ability to offer recommendations for increasing R&D investment in large industrial enterprises in the developing economy. Keywords: evaluation, investment, investment level, R&D, metallurgical industry, enterprise management.