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1
Олег Беспрозванних and Петро Перерва. "RESEARCH OF FORMS AND METHODS OF INVESTMENT SUPPORT OF INNOVATION ACTIVITIES OF INDUSTRIAL ENTERPRISES." Bulletin of the National Technical University "Kharkiv Polytechnic Institute" (economic sciences), no. 1 (December 28, 2021): 11–17. http://dx.doi.org/10.20998/2519-4461.2020.1.11.
Повний текст джерелаАнотація:
To solve the problems of stimulating the development of innovative activity of domestic enterprises, a number of regulatory acts have been developed in Ukraine today that regulate relations in the sphere of investment in innovation. National legislation defines the following forms of investment of innovative activity: state (municipal) investment, commercial investment, social investment, foreign investment, general investment. In order to receive financial support, the subjects of innovation activity whose innovation projects are listed in the State Register of Innovation Projects shall submit to the State Innovation Financial-Credit Institution (its regional branches) innovative projects and all necessary documents, the list of which is determined by it. The subject of innovative activity, the innovative project of which has been competitively selected, may receive one or more types of financial support from the innovative financial-credit institution, depending on the competitive procedure established by the competitive procedure. Financial support for the implementation of innovative projects can be provided in the form of successive tranches as a result of monitoring the progress of project implementation.The analysis of the structure of state financing of innovation activity by types of economic activity of subjects of innovation in 2018 allows to determine the priority branch of chemical and petrochemical industry. Investing of own funds of subjects of innovative activity is realized through capital investments and financial investments. Structural analysis of sources of financing of innovative activity in Ukraine allows to distinguish the overwhelming share of own funds of the enterprises in the total volumes of financing of their innovative activity. But in the conditions of insufficient level of state support of innovative activity of enterprises and instability of their financial results, as the main source of own funds for investing, the role of financial and credit providing of investments by the subjects of the financial market significantly increases.
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Mykytyuk, Yuliia. "Management of innovative investment projects in housing construction." Herald of Ternopil National Economic University, no. 1(95) (March 5, 2020): 134–47. http://dx.doi.org/10.35774/visnyk2020.01.134.
Повний текст джерелаАнотація:
Introduction. Housing innovation and investment projects can be characterized as projects that, with relatively small investments, can create competitive products, real increase in investment potential and investment resources of a construction organization. In modern conditions it is also necessary to strive to ensure that the implementation of innovative projects aimed at improving the economic efficiency of construction does not lead to a decrease in the quality of construction products (reliability of structures, attractiveness of architectural and structural solutions of buildings). Regardless of the direction of movement in business, the leaders of construction organizations, in the presence of interest in the development of the company inevitably come to understand the need for improvement and development of methods of managing innovative projects. This contributes to the formation of an effective corporate system of management of construction projects, adequate to the conditions prevailing in the domestic market of construction services and takes into account the peculiarities and specificity of a particular region. It should be noted that if at the level of departments (IT-orientation), or certain types of projects (for example, research and development) project management methodology is used very actively in the construction industry, then at the level of program and project portfolio management, determining their priorities, portfolio balancing etc. theoretical and practical research is not enough. The purpose. The purpose of the study is to develop theoretical provisions for managing the implementation of innovation and investment projects in housing. Results. The peculiarities of the management of innovation-investment projects in housing construction in the management of several projects are revealed. The complexity in planning and organization of interaction of various subjects (participants) of innovation-investment projects is determined. It is suggested to take into account the degree of risk in the process of implementation of innovation-investment projects. The factors influencing the effectiveness of innovation investment projects have been clarified. The directions of development of the structure of the corporate system of management and state regulation of the innovation-investment sphere of housing construction are determined. Discussion. Prospects for further research are to develop a methodology for forming an information complex of corporate project portfolio management system, which includes a set of normative documents, as well as a set of tools and methods for managing innovative projects that ensure the effective implementation of different projects of the organization under the same rules at different stages of their life cycle, allowing to improve project management system, to extend the managed range of the project lifecycle, to increase the level of integration and specialization of the Management Center.
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Vasilyeva, Elena, and Yuri Krupnov. "Development of the methodological approach to the comprehensive assessment of the innovative project effectiveness." E3S Web of Conferences 164 (2020): 10037. http://dx.doi.org/10.1051/e3sconf/202016410037.
Повний текст джерелаАнотація:
Industries are able to have the considerable impact on the environment. In this regard in modern conditions, when environmental friendliness is so relevant, the considerable attention is paid to the innovative development of the industrial enterprises. But investments into innovations in turn demand the careful analysis of the innovative projects. According to the authors, the methods, widespread in practice of the investment projects assessment can be used for the assessment of innovative projects in industries, but they need some adaptation. Besides, the majority of techniques of assessment consider only separate criteria of the selection of projects for realization. But the specifics of innovative projects demand another approach; they demand a complex research of appeal of the innovative project, including not only financial performance, but also technical quality, environmental safety, economic and budgetary effectiveness, social effect, risk analysis and also the analysis of reliability and appeal of the enterprise, initiating the project. Thus, the purpose of this article was to present the algorithm of the complex analysis of the innovative project. The received results and the made recommendations can be used by potential investors as a technique of assessment of the investment attractiveness of the innovation projects in the industry.
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Firova, S. V., O. V. Kalinina, and S. E. Barykin. "STRUCTURAL DECOMPOSING OF INNOVATIONS AND INVESTMENTS PROJECTS." Strategic decisions and risk management, no. 1 (May 2, 2019): 80–87. http://dx.doi.org/10.17747/2618-947x-2019-1-80-87.
Повний текст джерелаАнотація:
The article is devoted to the study of the process of investing and planning innovative projects. A systematization of a variety of factors influencing business models and investment aspects of innovative investment projects in their stepwise (iterative) reflection is given. Specialattention is given to the classification of innovations, a matrix of types of innovations has been developed in the process of analysis. A conceptual framework for structuring innovation and investment activities has been proposed with the goal of generalized systematization of the stages and factors of structuring innovation and investment projects. The thesis on the systemic nature of open innovation is argued and principles for evaluating the effectiveness of innovative investment projects are proposed. In the course of the study, a model for the distribution of investment sources was developed, taking into account the planned rate of return.
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Атуева, Enara Atueva, Шабанова, Madina Shabanova, Гасанова, and Naida Gasanova. "THE DEVELOPMENT OF THE METHODS OF ASSESSING INNOVATION AND INVEST-MENT IN BUSINESS BUILDING PROJECTIONS." Bulletin of Belgorod State Technological University named after. V. G. Shukhov 2, no. 1 (December 8, 2016): 207–13. http://dx.doi.org/10.12737/23479.
Повний текст джерелаАнотація:
Analysis of the world practice shows that success of innovation activities of companies is largely dependent on a comprehensive, in depth study of the investment project for construction. Today in Russia in the investment management of the construction there is an urgent need to the strengthen the innovative orientation, as the innovative development of the construction industry contributes to the economic and social recovery of the whole country. But there are some problems with attracting investment of innovation oriented to the construction industry and, above all, it is connected with high risks of new technologies, the absence of the required level of qualification of workers, long-term process of implementation. To determine the attractiveness of investments innovative oriented economists have taken different approaches to the evaluation. In this study, an analysis of existing evaluation methods of innovation and investment projects in building, identifies shortcomings and proposes measures to address them.
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Mykytyuk, Yuliia. "Analysis of the influence of risk factors on the efficiency of innovation-investment projects in construction." Herald of Ternopil National Economic University, no. 3(93) (July 7, 2019): 87–97. http://dx.doi.org/10.35774/visnyk2019.03.087.
Повний текст джерелаАнотація:
Introduction. Despite extensive research in the field of innovation, it is necessary to point out the lack of methodological approaches to assess the efficiency of innovation activity of enterprises, although a wide range of recommendations based on existing approaches have been made to address certain aspects of these issues, but they require further development, deepening and systematization. including those taking into account risk factors. The importance of addressing the issues of improving existing methods of assessing the effectiveness of investment in innovation, developing methodological approaches to quantitative assessment of the level of innovation risk and uncertainty, finding ways to choose between alternative options for investing in innovative projects, defines the problem of evaluating the effectiveness of innovative projects. The purpose of the study is to substantiate the organizational provisions of the analysis of the influence of risk factors on the effectiveness of innovative investment projects in construction. In order to achieve this goal, we are tasked with: determining the impact of risk factors on the effectiveness of innovation and investment projects; consider the use of cognitive risk modeling of an investment project. Research methods. To achieve this goal, the article uses the following general scientific and specific research methods: analysis and synthesis - to improve the interpretation of the concept of “innovation risk”; systematic approach - to clarify the economic content of the concept of “efficiency of innovation-investment projects”; expert evaluation - to calculate the integral values of risk in the implementation of innovative investment projects in construction. Results. The application of cognitive modeling methodology in the process of analyzing the effectiveness of innovation investment projects is substantiated, it is established that the use of cognitive modeling technology can be considered as one of the possible options for the development of methodological tools for risk assessment of innovative projects in terms of time constraints and the need to take into account the complex system of interconnectedness the number of heterogeneous risk factors. Discussion. Prospects for further development of the research are structuring and risk assessment, depending on the level of influence on the effectiveness of innovation- investment projects, taking into account organizational, management, production and financial and economic risks. The use of cognitive modeling technology should be considered as one of the possible ways of developing methodological tools for assessing the risks of innovative projects in the conditions of limited time and the need to take into account the complex system of interrelationships of a large number of heterogeneous risk factors. Further scientific research towards the analysis of the influence of risk factors on the effectiveness of innovation- investment projects in construction should be taken as a basis for the development of an adequate anti-risk mechanism for managing the efficiency of innovation-investment projects.
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TRUSH, Iryna. "SIMULATION MODELING OF INVESTMENT EFFICIENCY IN THE INNOVATIVE ACTIVITY OF THE ENTERPRISE." Herald of Khmelnytskyi National University. Economic sciences 304, no. 2(1) (March 18, 2022): 195–202. http://dx.doi.org/10.31891/2307-5740-2022-304-2(1)-28.
Повний текст джерелаАнотація:
In this article we will consider the main problems we face in determining the effectiveness of attracting investment in innovation activities of the enterprise. Many researchers have long been developing better mechanisms for evaluating the effectiveness of investment activities. These include simulation techniques and a multi-step approach. As part of this study, we adapt these techniques for the process of evaluating the economic efficiency of innovation, taking into account the identified features. The methods of evaluating the effectiveness of innovation activity in relation to the investment aspect are proposed, the peculiarity of which is the fact that the amount of project money flows and the amount of investment costs, in particular working capital, needed for introducing the assets of an innovative project into for the production with the use of the newest technologies and innovations are taken into consideration. It is proved that the evaluation of the efficiency of investments in the innovation project predetermines processing of expert assessments applying special tools, which involves checking the conditions of consistency and consensus of experts’ ideas. The final stage of the expertise involves making a decision on selection of one or several innovation projects for implementation in the conditions of the enterprise under consideration. It is established that the basis of selection should be the rating of the innovation project, the cost of its implementation and the budget of the enterprise’s innovation development. The final decision on the appropriateness of introduction of the innovation project does not require rigid formalization, but should be taken by senior management board of the enterprise as a result of qualitative assessment of the efficiency of investment in innovation projects. Simulation modeling is proposed, which will allow to make a decision on the effectiveness of attracting investment in an innovative project.
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Geraskin, Mikhail, and Irina Krugova. "The simulation of optimal financing of the investment projects portfolio based on the mechanism of minimum optimum deviations." Applied Mathematics and Control Sciences, no. 2 (June 29, 2018): 130–43. http://dx.doi.org/10.15593/2499-9873/2018.2.09.
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The article deals with the problem of planning the distribution of investments in innovative projects. The dynamic analysis of efficiency of projects of OJSC "MegaFon" for 2013-2016 by regression analysis of the resulting profit function of projects from investment, which calculated the potential profitability of projects to determine the actual allocation of investments. On the basis of the mechanism of minimum deviations of Optima, the method of optimal allocation of investment resources between projects is developed. With the optimal distribution of investments, the values of the potential profit of each project are calculated, the increase in the profit for each project every year confirms the effectiveness of the mechanism.
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Sobolev, A. I. "ALTERNATIVE ASSESMENT OF INVESTMENT VALUE IN INNOVATIVE PROJECTS." Business Strategies, no. 9 (October 14, 2019): 20–21. http://dx.doi.org/10.17747/2311-7184-2019-9-20-21.
Повний текст джерелаАнотація:
Standard assessment of innovative projects involves procedures for discounting of the expected cash flows. In the short term, their real value can vary significantly, and that will cause significant differences between the current market values of the contracts and their estimated values at the time of investment risks taking. Use of the investments assessment based on the market interest rates allows performing more accurate evaluations of the results of the planned investments and optimizing their structure.
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Shadrina, Ekaterina E. "APPLYING EMBEDDED REAL OPTIONS FOR INNOVATION DEVELOPMENT OF A COMPANY." EKONOMIKA I UPRAVLENIE: PROBLEMY, RESHENIYA 3/2, no. 123 (2022): 192–98. http://dx.doi.org/10.36871/ek.up.p.r.2022.03.02.021.
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The purpose of the article is to develop recommendations to stimulate investment in the innovative development of enterprises. The article uses general scientific and special methods of scientific knowledge: systemic, investment and dynamic analysis. The peculiarities and advantages of using the built-in real options are analyzed, as well as a form of strategic partnership with their use in the implementation of innovative programs and projects of enterprises is proposed. A system of economic mechanisms of strategic management of innovative programs and projects of enterprises has been proposed. It was concluded that the use of the mechanism of builtin real options in the implementation of the investment portfolio, which includes traditional and innovative projects, allows to reduce the risk of investments, limit the capital intensity of investments for enterprises and make it fundamentally possible to invest in high-risk innovative programs and projects.
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Kozlovsky, A. V., N. A. Moiseenko, and O. E. Astafieva. "SELECTION OF INVESTMENT PROJECTS IMPLEMENTATION OPTIONS." Vestnik Universiteta, no. 4 (June 29, 2020): 160–65. http://dx.doi.org/10.26425/1816-4277-2020-4-160-165.
Повний текст джерелаАнотація:
The main unresolved issues of choosing the most effective investment projects aimed at introducing innovative technologies have been considered. The traditional indicators of investment efficiency have been analysed. The expediency of using the indicator of the total reduced costs necessary for the implementation of the project has been substantiated. Attention has been paid to the possibilities of public-private partnership in innovation projects. The issues of shares distribution between participants in innovation and investment projects and the use of such objects have been reviewed. The current situation in the investment and construction sector of the economy has been assessed and ways to solve the main problems of investment activity in the construction industry have been outlined. The expediency of creating a mechanism for economic justification of the investment project implementation process, including the creation of reserve funds, has been substantiated. Recommendations for using the indicator of the of the investor’s total stated costs have been given.
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Ivanov, A. "INNOVATIVE INVESTMENT PROJECTS IN THE ENTERPRISE." Journal of economic studies 1, no. 1 (September 25, 2015): 3–10. http://dx.doi.org/10.12737/16528.
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SOLODOVA, E. P. "METHODOLOGICAL ASPECTS OF INNOVATIVE PROJECTS MANAGEMENT." EKONOMIKA I UPRAVLENIE: PROBLEMY, RESHENIYA 1, no. 2 (2021): 112–17. http://dx.doi.org/10.36871/ek.up.p.r.2021.02.01.014.
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The article highlights the theoretical approaches to the definition of the concepts of “innovation” and “investment project”, identifies their common and specific features. The analysis of the scientific literature led to the conclusion: project management requires constant monitoring of work and processes, which determines the need for a detailed decomposition of the innovation life cycle. The author summarizes and structures the approaches to the content of the phases, stages and stages of the innovation project. The work is interdisciplinary, written at the intersection of innovation and investment management. This view will be of interest to risk managers and economists, specialists in the field of project management, including innovative ones.
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Власов, М., and M. Vlasov. "Directions of Assessment of Efficiency of Development Strategies of the Enterprise on the Basis of New Knowledge." Scientific Research and Development. Economics 5, no. 5 (November 1, 2017): 20–26. http://dx.doi.org/10.12737/article_59e5d915da8651.70030340.
Повний текст джерелаАнотація:
American and European researchers started emphasizing the role and meaning not only of information but knowledge which gave rise to a whole set of new definitions for modern society, including «knowledge society», «knowledgeable society», etc. Modern market conditions require businesses to find new approaches to corporate management, planning, and control. The right choice of direction in introducing new knowledge largely predetermines efficacy of achieving stated objectives. We often see how insufficient evaluation of initial economic opportunities leads to a halt of many perspective innovations and investment projects and programs because of the lack of financial and economic resources for their completion. It is possible to avoid such situations, if at the stage of practical implementation strategy formulation, we exclude “unreachable” projects based on the low initial innovative activity of the company. The aim of this research is to formulate methodological approaches to selecting projects of new knowledge generated based on widespread investment design methods considering peculiarities of enterprises development strategy. The author offers methodological approaches to selection of results of new knowledge generation based on widespread methods of investment design and considering features of innovative development strategy. New methodological approach includes the following stages: company economic opportunities analysis; innovative ideas generation; preliminary innovation selection; presentation of innovation idea in the form of innovation project; innovation project efficacy evaluation from the point of view of investment perspectives; evaluation of innovation project efficacy from company economics point of view; multidimensional analysis of obtained quantitative evaluation with the aim of choosing the most perspective innovation projects. This paper is focused on the first stage — company economic opportunities analysis.
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Trush, Iryna. "Ways to improve the innovation performance of enterprises." Herald of Ternopil National Economic University, no. 4(98) (February 20, 2021): 138. http://dx.doi.org/10.35774/visnyk2020.04.138.
Повний текст джерелаАнотація:
Introduction. It is proved that the role of innovation efficiency is significant for high- tech enterprises and is growing for the economy as a whole. However, evaluation of the efficiency of investment in innovation, which is used in practice, does not take into account sufficiently the features of the innovation process, which leads to a high proportion of false decisions and lack of the commercial outcome of innovations. To increase the efficiency of innovative activities of enterprises, new requirements are put forward to improve the mechanism of selection of innovative projects during their internal examination.The purpose of the study is to deepen the methodological approaches to assess the effectiveness of innovation performance of enterprises and improve the mechanism of examination of innovative projects.Research methods. The article used general scientific and specific research methods, in particular: analysis and synthesis - to improve the interpretation of the concept of “innovative activity of the enterprise”; system approach - to clarify the economic meaning of the concepts of “management of innovative activities of the enterprise”, “efficiency of innovative activities of the enterprise”; graphic - for visual representation of statistical material and illustration of theoretical and practical provisions; expert assessment - to determine the effectiveness of innovative activities of the enterprise.Results of the research. In the course the evaluation of the efficiency of investments in the innovation project predetermines processing of expert assessments applying special tools, which involves checking the conditions of consistency and consensus of experts’ ideas. The final stage of the expertise involves making a decision on selection of one or several innovation projects for implementation in the conditions of the enterprise under consideration. It is established that the basis of selection should be the rating of the innovation project, the cost of its implementation and the budget of the enterprise’s innovation development. The final decision on the appropriateness of introduction of the innovation project does not require rigid formalization, but should be taken by senior management board of the enterprise as a result of qualitative assessment of the efficiency of investment in innovation projects.Perspectives. In future research, we plan to develop an algorithm for evaluating and selecting innovative projects during its examination at the enterprise level; to investigate the methodological tools for evaluating the effectiveness of innovative activities of enterprises.
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Netrebskaya, Oksana. "INVESTMENT PROJECTS AND FEATURES OF THEIR MANAGEMENT IN THE FOREST COMPLEX OF RUSSIA." Actual directions of scientific researches of the XXI century: theory and practice 9, no. 4 (January 19, 2022): 7–20. http://dx.doi.org/10.34220/2308-8877-2022-9-4-7-20.
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The article deals with the implementation of investment projects in the forestry complex of Russia. The classification groups of investment projects and indicators of investment activity in the industry segments of the forestry complex are presented. Despite the fact that significant growth rates of investments in the branches of the forestry complex have developed in recent years, there is a significant unrealized development potential, and they continue to remain low investment attractiveness for business. When implementing investment projects in forestry, the state often acts as the initiator of projects; investment projects in the timber industry complex are mainly implemented both by private business and with the support of the state. Investment projects in the forestry complex include state investment projects in the form of investments in forest infrastructure and in updating the technical base of forestry; public-private partnership in the form of priority investment projects, special investment contracts and regional investment projects; private business investment projects implemented in the form of capital investments, innovative investments and an increase in current assets. It has been determined that when implementing forest climate projects, the most effective mechanism for attracting investment is public-private partnership.
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Kurakova, Oksana. "Alternative financial models for attracting investments in municipal investment and construction projects." MATEC Web of Conferences 170 (2018): 01105. http://dx.doi.org/10.1051/matecconf/201817001105.
Повний текст джерелаАнотація:
Investment and construction projects, which require colossal costs, are especially affected in the conditions of scarcity of funds. City authorities also experience an acute shortage of finances for the implementation of municipal investment and construction projects. This article presents the mechanism of applying innovative tools for investments attraction in Russia to implement investment and construction projects. These tools include Internet marketing tools. The article presents an analysis of characteristics of each tool, their advantages and disadvantages in use. This article also includes practical examples of how these tools can work for the purposes of investment and construction projects implementation, including municipal or social ones. Examples of already implemented projects based on the use of Internet marketing tools are given. The author suggests an innovative model of municipal projects financing. The analysis showed that similar technologies for municipal investment and construction projects financing are quite viable and are currently underestimated in Russia.
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Solntsev, Sergii, Zhanna Zhygalkevych, and Maryna Kravchenko. "EVALUATION OF RISK IMPACT ON IMPLEMENTATION OF INNOVATION PROJECTS WITHIN THE FRAMEWORK OF MACHINE-BUILDING QUASI-INTEGRATION STRUCTURES." Baltic Journal of Economic Studies 6, no. 3 (August 5, 2020): 124–35. http://dx.doi.org/10.30525/2256-0742/2020-6-3-124-135.
Повний текст джерелаАнотація:
The risk management of innovation project can improve the level of risk control of quasi-integration structures (QIS), so as to make more effective decisions, reduce investment losses and achieve mutual benefit as well. Therefore, an assessment of the risk impact on implementation of innovation project makes this study relevance. The purpose of this paper is to analyze the impact of market risks on the success of innovative QIS engineering projects with the involvement of an economic-probabilistic model based on a conjoint analysis. Research methodology. The article substances the feasibility and results of the application of the method of conjoint analysis – one of the methods of mathematical psychology – to assess the impact of risks on the effectiveness of innovative projects implemented within quasi-integration structures in the engineering complex. Findings. The most likely scenarios for implementing an innovative project in terms of the impact of risk events on the financial result had been found with a help of a conjoint procedure with a fractional factorial design. The relative impact of each risk on the success of the innovation project was evaluated. The rule of deciding on the eligibility of an innovative project by the participants of machine-building QIS was formulated on the basis of the technique of the internal rate of investment return (IRR). Research limitations. The developed methodology is proposed to be used in assessing the impact of risks on innovative projects within machine-building quasi-integration structures. The proposed method of assessing the impact of risks on the financial results of innovative projects within the machine-building QIS can be used in more general situations. Practical implications. The methodology was tested on the example of an innovation project within an innovation and technology cluster, which included six participants: mechanical engineering companies, a service company, a scientific institution and an educational institution. The market and specific inter-corporate risks that influence the results of innovative projects within machine-building QISs were identified and evaluated for operationalization. According to the results of implementation of the methodology, the feasibility of implementing an innovative project within the innovation-technological cluster was substantiated. Originality/value. The scientific novelty of this study is the use of a conjoint analysis methodology to assess the impact of market risks.
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Paraniuk, Yaroslav. "FEATURES OF RISK ASSESSMENT AND ITS INFLUENCE ON EFFICIENCY OF INNOVATIVE PROJECTS." Economic Analysis, no. 27(4) (2017): 315–20. http://dx.doi.org/10.35774/econa2017.04.315.
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mechanisms that reduce the risk or reduce the adverse consequences associated with it. With this aim, it is recommended to develop rules of conduct of employees in the adverse situations, as well as special stabilization mechanisms at the expense of additional costs for the creation of reserves and stocks, technology improvement, material incentives for improving product quality. It is investigated the nature of innovation risk and its consideration in the development of innovative projects. In these projects the concept of "innovative risk" is characterized as uncertainty of incomes from a certain type of capital investments due to adverse circumstances in the process of its realization. The use of the proposed methodology for assessing the effectiveness of model projects has shown that it allows conducting a comprehensive analysis of innovative projects and making the decisions on the basis of a sufficiently large amount of information. This information is a prerequisite for the accuracy and validity of these decisions. Purpose. The article aims to substantiate and develop scientific and practical recommendations for risk assessment and its impact on the effectiveness of the implementation of innovative projects. Results. The methods of choosing the discount rate for the analysis of the economic efficiency of innovative projects have been substantiated. It has been suggested, when assessing the return on investment, to apply a discount rate equal to the total size of the rate of inflation, the minimum profitability and the coefficient of innovation risk. In order to minimize risk, it has been suggested to diversify investment resources and involve specialized companies for more accurate analysis of innovative projects.
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Wodzyńska, Joanna, and Rafał Czyżewski. "Examples of financing innovative projects." Mazowsze Studia Regionalne 2019, no. 30 (October 2019): 85–102. http://dx.doi.org/10.21858/msr.30.04.
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This article was written in order to characterize the innovative activity of enterprises in terms of its financing sources. Obtaining sufficient fundsis a basic requirement for undertaking any investment activ- ity and it largely determines the further investment process and related decisions. An analysis of the available sources of financing indicates the interdependence between the innovation’s subject area and the structure of its financing. The functioning of two selected companies dealing with the implementation of innovative products will serve as an illustration of both the theoretical and practical aspects of financing innovative projects. Design and methodology The paper hypothesizes that the financing of modern innovations requires flexible conditions and high level of capital,as verified by literature review and analysis of innovative products and companies. The article consists of three parts. The first defines the concept of innovation and characterizes individual types of innovation: technological, organizational and social. Also discussed are the characteristic features of the phenomenon of innovation, the conditions shaping itand the impact it has on economic growth. The second part is a review of existing sources of capital and methods of raising it through market and public instruments. Also discussed are the conditions for the use of individual instruments, depend- ing on the stage of enterprise development, as well as their potential advantages and limitations from the entrepreneur’s point of view. The third part analyzes innovative products and companies responsible for their creation and devel- opment: the self-driving vehicle created by the American company Tesla Inc. and a thermographic tester for oncological diagnostics created by the Polish company BRASTER. Findings and implications Innovation belongs to the developing field of economy and economics. Statistical and econometric studies prove that, due to the significant risk level, innovation needs to be stimulated. Its development has a positive impact both on GDP growth and living conditions. However, in order to keep up with the technological frontier, it is necessary to under take appropriate actions serving to reduce the technological gap. This is why financing innovation is a complex process, requiring a flexible approach. And there is a considerable variety of financial instruments dedicated to innovations offered by market entities and by state institutions. This theoretical work is illustrated with examples of companies implementing technologically sophisticated products. Tesla Inc. finances work on the self-driving vehicle by increasing operational obligations, issuing debt securities, additional capital contributions and even the sale of CO2 emission rights. On the other hand, BRASTER SA, while working on introducing the oncological tester on the market, accumulated capital as a result of large issues of shares and taking out bank loans, which indicates that the company is just learning investment processes.
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Bogomolova, E. "RISKS IN THE MANAGEMENT OF INVESTMENT AND INNOVATIVE PROJECTS." Vestnik Universiteta, no. 1 (March 15, 2019): 145–50. http://dx.doi.org/10.26425/1816-4277-2019-1-145-150.
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This article considers aspects of risk management in projects related to investment and innovative direction. These projects are associated with obtaining a high return on invested capital, but as you know, the higher the profit, the higher the level of risks affecting the results of the project during its implementation. Therefore, the considered theme is relevant, as in recent years, more projects are implemented with a high degree of innovativeness and the use of high technologies in their implementation.
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Zaitsev O. "MODEL DEVELOPMENT OF INVESTMENT EFFICIENCY ASSESSMENT IN INNOVATION PROJECTS (Part 2)." Vìsnik Sumsʹkogo deržavnogo unìversitetu, no. 2 (2019): 115–20. http://dx.doi.org/10.21272/1817-9215.2019.2-15.
Повний текст джерелаАнотація:
The mechanisms for calculating the effectiveness of innovative investments are complex, that is, they are estimated through a system of indicators. From this point of view, we believe that the inclusion in the mechanism of evaluating the effectiveness of investment projects of commodity product index and its harmonious "integration" into the system of financial and economic indicators can be one of the directions for the further development of evaluation methods of investment efficiency in innovative projects. Keywords: investments, innovations, efficiency, products, costs, profits, taxes.
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Voloshchuk, Vitalii, Yuliia Voloshchuk, and Oleksandr Ivanyshyn. "Investment in innovative development of enterprises." INNOVATIVE ECONOMY, no. 3-4 (May 2020): 156–62. http://dx.doi.org/10.37332/2309-1533.2020.3-4.22.
Повний текст джерелаАнотація:
Purpose. The aim of the article is scientific and theoretical substantiation of the essence and mechanisms of investing in innovative development of enterprises. Methodology of research. General scientific and special methods are used in the process of research, in particular: system analysis – to substantiate the essence of investing in innovative development of enterprises; abstract and logical and graphic – in determining the possible options for innovation and investment process of restoration of material and technical base for production and stages of the investment logistics chain of investment development of enterprises. Findings. The essence of investing in innovative development of enterprises is determined based on the generalization of scientific approaches, which is manifested by the involvement of real and potential internal and external investment resources, sources, levers and measures. Such innovative development, taking into account the logistics chain, is aimed at finding and efficient use of investment resources, possible options for restoring the material and technical base of production and modernization of enterprises in the conditions of neo-industrialization. Different vector influence of factors on the given course of investment projects leads to qualitative, quantitative and structural changes of production and economic activity of enterprises on an innovative basis and achievement of high efficiency in case of coordination and joint efforts for the decision of problems of strategic orientation and definition of investment priorities. The necessity and possible variants of restoration of material and technical base and stages of logistic chain of investment of development of enterprises, innovative projects for introduction of fundamentally new technologies and expansion of assortment at the expense of new creative products, transition to higher technological ways, replenishment of available intellectual assets and maintenance of innovative development of enterprises are proved. It is determined that currently the most acute problem for investors is the protection of their rights and the possibility (ease) of doing business. Therefore, the state's efforts should be aimed at solving problems in the commercial sphere and creating a favourable business environment, increasing investment in agriculture, stabilizing sources and optimizing capital structure, ensuring effective distribution of investments in the formation of assets of agricultural producers by their size. Originality. The definition of the essence of investing in innovative development of enterprises has been further developed; the scheme of possible variants of innovation and investment process of restoration of material and technical base for production of high-tech production taking into account stages of an investment logistic chain in the conditions of neo-industrialization is formed. Practical value. The results of the study can be used to expand the base, diversify sources and increase investment by enterprises on the basis of self-financing; corporatization; lending; vendor, operational and electronic leasing or sales; attracting investment resources through the issuance of Eurobonds, obtaining loans from international financial and banking institutions, as well as targeted financing with the participation of credit agencies and a combination of all methods. Also, the results of the study can be used to increase investment in the creation and commercialization of innovations and enhance innovative development of enterprises, the main priorities of which should be the skilful implementation of internal and external factors to ensure production efficiency and customization and individualization of new innovative products to consumers. Key words: investment, modernization, investment project, innovations, investments, technologies, products, development, enterprise, attractiveness, commercialization, efficiency.
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Tashbaev, М., B. Abdullaeva, and Sh Abzhalelova. "INNOVATIVE FINANCIAL RISK ASSESSMENT PRACTICE INVESTMENT PROJECTS." ASJ 1, no. 46 (March 15, 2021): 60–64. http://dx.doi.org/10.31618/asj.2707-9864.2021.1.46.86.
Повний текст джерелаАнотація:
This article discusses the features of innovative management of financial risks of investment projects using the SPSS methodology - statistics based on the enterprise JSC "KCell. Methods of representative qualimetric analysis such as Cronbach's coefficient analysis and Varimax's factor analysis are presented.
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Lyakh, I. I. "Features of Venture Financing of the Prydniprovsky Economic Region under Creating of an Ecosystem for Innovative Investment." Management of Economy: Theory and Practice. Chumachenko’s Annals, no. 2020 (2020): 184–203. http://dx.doi.org/10.37405/2221-1187.2020.184-203.
Повний текст джерелаАнотація:
The paper is devoted to the assessment of the condition of regional venture funds in the Prydniprovsky Economic Region. As they are the main investors of innovative enterprises, it is needed to be develop such institutions not only in the Central Polissya economic region with the capital of Ukraine, but also in the Prydniprovsky economic region as well in other economic regions. It is proved that Ukraine is more active in producing innovative products compared to the level of investing in innovation. In current conditions, this fact indicates the necessity of promoting the development of venture investment institutions to ensure the proper functioning of an ecosystem for innovative investing on the regional level. Ensuring the innovative development in the regions cannot be limited by investments in innovation or by procurements of the modern equipment and technologies, but a set of conditions must be created for an effective innovation policy of economic entities located in the region. The analysis showed that foreign venturers usually invest in economic activities in the Prydniprovsky economic district only for the first three to five years at the beginning of new company incipience. This requires balanced changes in in such policies as for science and technology, innovation and investment, which are necessary to intensify the innovative activities of business entities, attracting investment in all sectors of the regional economy. Despite significant changes in legislation towards European practice, there is still a long and difficult way to go before the investment climate in Ukraine warms up. The long-term efforts required by innovation activating necessarily involve a favourable environment at both the national and regional levels. The priority and effective direction of investment policy improvement is the gradual successful implementation of large-scale investment projects. Attracting influential foreign investors to the Ukrainian market and effectively supporting such projects will help improve Ukraine’s image in the global capital market and attract long-term investments.
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Фирова, С. В. "6.1. FEATURES OF RESOURCE SUPPORT FOR INNOVATION AND INVESTMENT PROJECTS." Audit and Financial Analysis, no. 4 (January 4, 2021): 123–29. http://dx.doi.org/10.38097/afa.2020.23.74.017.
Повний текст джерелаАнотація:
В настоящее время существуют различные модели и источники финансирования процесса реализации инновационных проектов. При этом выделить универсальные модели, методы и инструменты финансирования инновационной деятельности, эффективные для любых инновационных проектов, невозможно. Это обусловливает необходимость дополнительного исследования особенностей ресурсного обеспечения инновационно-инвестиционных проектов и направлений их развития. Статья посвящена анализу современных практик финансирования инновационно-инвестиционных проектов в контексте развития цифровой экономики. Цель исследования заключается в выявлении возможностей и направлений развития отечественных практик финансирования инновационных проектов с помощью различных механизмов ресурсного обеспечения, в том числе путем крауд-финансирования. В результате исследования выявлены основные направления развития системы финансирования инновационных проектов в РФ. Currently, there are various models and sources of funding for the implementation of innovative projects. At the same time, it is impossible to single out universal models, methods and instruments for financing innovative activities that are effective for any innovative projects. This necessitates an additional study of the features of resource provision for innovation and investment projects and the directions of their development. The article is devoted to the analysis of modern practices of financing innovation and investment projects in the context of the development of the digital economy. The purpose of the study is to identify opportunities and directions for the development of domestic practices of financing innovative projects using various mechanisms of resource provision, including through crowd funding. As a result, the research identified the main directions of development of the system of financing innovative projects in the Russian Federation.
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Фирова, С. В. "6.1. FEATURES OF RESOURCE SUPPORT FOR INNOVATION AND INVESTMENT PROJECTS." Audit and Financial Analysis, no. 4 (January 4, 2021): 123–29. http://dx.doi.org/10.38097/afa.2020.23.74.017.
Повний текст джерелаАнотація:
В настоящее время существуют различные модели и источники финансирования процесса реализации инновационных проектов. При этом выделить универсальные модели, методы и инструменты финансирования инновационной деятельности, эффективные для любых инновационных проектов, невозможно. Это обусловливает необходимость дополнительного исследования особенностей ресурсного обеспечения инновационно-инвестиционных проектов и направлений их развития. Статья посвящена анализу современных практик финансирования инновационно-инвестиционных проектов в контексте развития цифровой экономики. Цель исследования заключается в выявлении возможностей и направлений развития отечественных практик финансирования инновационных проектов с помощью различных механизмов ресурсного обеспечения, в том числе путем крауд-финансирования. В результате исследования выявлены основные направления развития системы финансирования инновационных проектов в РФ. Currently, there are various models and sources of funding for the implementation of innovative projects. At the same time, it is impossible to single out universal models, methods and instruments for financing innovative activities that are effective for any innovative projects. This necessitates an additional study of the features of resource provision for innovation and investment projects and the directions of their development. The article is devoted to the analysis of modern practices of financing innovation and investment projects in the context of the development of the digital economy. The purpose of the study is to identify opportunities and directions for the development of domestic practices of financing innovative projects using various mechanisms of resource provision, including through crowd funding. As a result, the research identified the main directions of development of the system of financing innovative projects in the Russian Federation.
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Shestakov, Dmytro. "The Hypotheses Testing Method for Evaluation of Startup Projects." Journal of Economics and Management Sciences 4, no. 4 (December 6, 2021): p47. http://dx.doi.org/10.30560/jems.v4n4p47.
Повний текст джерелаАнотація:
This paper suggests new perspective to evaluating innovation projects and understanding the nature of startup risks. Author consider five principal hypotheses that underlie every innovative project that comprise a bunch of respective assumptions to manage startup risks in a proactive manner. Suggested approach spots the light on a project’s uncertainties and risks, embedded investment and managerial options, and enables more comprehensive and accurate evaluation of innovation. The Hypotheses Testing Method enables to estimate risks and attractiveness of a startup project in a clear and fast manner. It replaces unclear traditional techniques like NPV and DCF, avoiding heavy cash flow modelling.
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MYKHAILOV, Andrii, and Dmytro PIZNIAK. "Mechanism of implementation of investment and innovation technologies in the agricultural sphere of Ukraine." Economics. Finances. Law, no. 10/1 (October 26, 2020): 13–16. http://dx.doi.org/10.37634/efp.2020.10(1).3.
Повний текст джерелаАнотація:
Introduction. In the conditions of continuous development of investment and innovative technologies the necessary requirement for the further successful and productive development of an agro-industrial complex is updating of technics, technologies, management methods, the organization of production. The purpose of the paper is to study the innovative development of the agricultural sector of Ukraine and to develop a mechanism for implementing investment and innovation technologies. Results. The implementation of the mechanism of introduction of investment and innovation technologies in the agricultural sector should become an effective means of ensuring innovative development in all parts of the technological chain of agricultural production. The main task of the mechanism is primarily to ensure the coherent development of all its components – agricultural enterprises on the basis of deepening agro-industrial integration and involvement in the production of the latest advances in science and technology. Thus, the mechanism of introduction of investment and innovation technologies in the agricultural sector should ensure the implementation of a number of tasks: – stimulating scientific developments aimed at creating new technologies and agricultural products; – effective transfer of scientific achievements, knowledge and results of scientific developments into production; – financing of investment and innovation projects on acceptable terms for agricultural enterprises; – fair distribution of results of investment and innovation projects; – deepening agro-industrial integration; – development, examination and support of investment and innovation programs and projects; – education, training and retraining; – formation of investment and innovative way of thinking; – participation of the state and regional authorities in investment and innovation activities of agro-industrial enterprises. Conclusions. Thus, the need to implement the mechanism of investment and innovation technologies in the agricultural sector will create a favorable environment for innovation, bring the agricultural sector of Ukraine to the world level, will ensure the receipt of competitive agricultural products.
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Blagoev, Dimitar, and Krasimir Petkov. "EQUITY CROWDFUNDING AS A TYPE OF PROJECT INVESTING." Trakia Journal of Sciences 17, Suppl.1 (2019): 234–42. http://dx.doi.org/10.15547/tjs.2019.s.01.039.
Повний текст джерелаАнотація:
PURPOSE The Article aims to present the potential and capabilities of the application of equity crowdfunding as an option to invest and to form investment portfolios for the individual investors. The emphasis is shifted from the widespread use of the concept of crowdfunding, as a cutting-edge source for providing capital for investment projects of innovative companies (especially suitable source for the so called Startup companies), to its use as a tool for establishing an investment portfolio based on appropriate balance between the rates of return and risk. METHODS Various authors' views on key concepts such as investments, projects, investment projects, equity collective investment, investment portfolios, etc. have been clarified and summarized. The investment process is explained in the context of creating a portfolio of investments using equity crowdfunding platforms. Conceptually, the essential characteristic of the project theory, the theory of collective investment, with its methodological and mathematical tools, are revealed. RESULTS On this theoretical basis and adaptation, a conceptual methodological model has been developed, to be used for selection of portfolio of investment projects for equity collective investment. The model focuses on the optimization of rate of return, given the risk nature of the financial investment instrument used in collective investment. CONCLUSIONS Conclusions are presented about the main advantages and the respective limitations of the type of investments, subject of the paper.
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Rusina, A. G., G. L. Rusin, and E. S. Gorevaya. "Prospects for the Use of Portfolio Approach to Energy Companies." Applied Mechanics and Materials 698 (December 2014): 755–60. http://dx.doi.org/10.4028/www.scientific.net/amm.698.755.
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This article describes a concept of refined assessment of direct investment portfolio attractiveness in power industry, especially relevant under the conditions of growing market instability. A methodological approach has been developed to investment projects portfolio construction, based on a mechanism of balancing risks within the portfolio. The relevance of simulation for investment portfolio planning is demonstrated. Also the authors formulate the issues and goals of investment efficiency criteria assessment and simulation, as well as power industry investment projects portfolio construction. Simulation model of project portfolio planning is offered, based on a Bass model of innovative product distribution with repeat sales. This model allows manipulating regulated market and production variables in order to form cash flow of high-risk projects in the power industry in a way that allows achieving an innovation projects portfolio with attractive profitability and acceptable risk.
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Sotnyk, Iryna, Kostiantyn Zavrazhnyi, Volodymyr Kasianenko, Hynek Roubík, and Oleksandr Sidorov. "Investment Management of Business Digital Innovations." Marketing and Management of Innovations, no. 1 (2020): 95–109. http://dx.doi.org/10.21272/mmi.2020.1-07.
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This paper considers the issue of investment management of digital innovations in modern business. The main purpose of the research is the development of approaches to the investment management of the innovative digitalisation processes of the enterprises and justification of the economic efficiency of investment projects on innovative information technologies use in the context of their relationship with existing information solutions for enterprise management. The relevance of the research is the necessity to change the methods of doing and managing the modern business, taking into account the achievements of the Third and Fourth Industrial Revolutions, which form innovative business philosophy based on informatisation and digitalisation of manufacturing and delivery processes. The implementation of innovative digital technology in business processes requires significant costs and it raises the issue on their minimization. Systematization of literary sources and approaches for the investment management of industrial digitalisation indicates the absence of complex solutions for this problem. In this regard, based on a comparative analysis, the authors have revealed the features of business development in the conditions of the Fourth Industrial Revolution and justified the need for modern information systems integration for enterprise management on the platform of business processes digitalisation. In order to create the road map of business digital innovations, it is suggested that the Theory of Constraints should be used to determine which of the operating information systems of the enterprise (Business intelligence – BI; Enterprise Resource Planning – ERP; Manufacturing Execution System – MES; Industrial Internet of Things – IIoT) is to begin the digital transformation with. The stages of the project development for the digital transformation of an enterprise are designed based on the structural approach. The economic justification for the selection of alternative digitalisation projects is based on an assessment of the labour costs for implementing two variants of digital innovation of a business entity: a complex automation project with up-front modelling and an integration automation project with the gradual implementation of a new information system. The assessment results have shown the economic benefits of implementing the integration project as it provides 1.58 times fewer labour costs and can be realized by use of universal package solutions such as Business Automaton Software (BAS). The analysis of the results of the implemented business digitalisation projects in Ukraine and the world as well as the potential of planned ones has allowed generalising the effects of their implementation and confirmed the need for further development of the mechanisms for the investment management of business digital innovations. Keywords automation, business, digitalisation, efficiency, greening, ERP, information technology, innovation, investment management, project.
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Quintella, Vitor da Mata, Antônio Francisco de Almeida da Silva Jr, Jose Ricardo Uchoa Cavalcanti Almeida, and Marcelo Embiruçu. "Financial exposure and technology innovation investment." Academia Revista Latinoamericana de Administración 30, no. 4 (November 6, 2017): 547–64. http://dx.doi.org/10.1108/arla-06-2016-0165.
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Purpose The purpose of this paper is to identify, measure and optimise financial risk and its effect on returns from innovation projects on an accrual basis and on a cash basis in a commodity industry. Design/methodology/approach A hypothetical case study, based on a real case, of a petrochemical commodity industry in Brazil was analysed with commodities pricing rules based on actual contracts. Earnings at risk (EaR) and cash flow at risk (CFaR) measures were applied, as well as a metric proposed in this paper called cash balance at risk (CBaR). Findings The paper demonstrates that financial risk measurement and optimisation are important issues in the decision-making process in the petrochemical industry. EaR, CFaR and CBaR measures are helpful when used alongside standard procedures of project evaluation. The findings also show that innovative technologies, in certain conditions, may act as “natural hedging”. It was found that the time delay between revenues and expenses leads to financial risk exposure to changes in prices and foreign exchange rates. Projects can use financing and hedging to boost their results. Originality/value An innovative project was compared with an expansion project in a petrochemical industry. A model for petrochemical commodities contract pricing was added in an analysis that included financing and hedging. The findings in this paper suggest that it is important to consider financial risk measures in project evaluation.
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Vikulov, O. V., V. V. Menshikov, Y. I. Migachev, S. B. Shchepanskiy, and I. A. Cousin. "EVALUATION OF THE EFFICIENCY OF INNOVATIVE PROJECTS UNDER UNCERTAINTY OF THE ADMINISTRATIVE AND LEGAL REGULATION OF EXPERT SCIENTIFIC ACTIVITY IN THE RUSSIAN FEDERATION." Innovatics and Expert Examination, no. 3(28) (December 25, 2019): 10–31. http://dx.doi.org/10.35264/1996-2274-2019-3-10-31.
Повний текст джерелаАнотація:
The article is devoted to the problems of administrative and legal regulation of expert activities in the scientific and technological sphere, analysis of project financing of innovation activities, methods for evaluating the efficiency of investment and innovation projects, methods for calculating the actual cost of work performed under a government contract, calculating the discounted payback period of innovative projects in the planning and actual implementation stages.
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Mandych, I. A., A. V. Bykova, and O. B. Gaiman. "Features of assessing the investment attractiveness of high-tech projects." Russian Technological Journal 10, no. 2 (April 3, 2022): 75–86. http://dx.doi.org/10.32362/2500-316x-2022-10-2-75-86.
Повний текст джерелаАнотація:
Objectives. The creation of high-tech projects is one of the main stages of the transition to an innovative economy. This can further be explained by the intensive development of globalization processes in the economic system of Russia. High-tech projects have lower profitability when compared to venture projects, but a higher probability of commercial success. In Russia, there are currently six areas of support programs for high-tech projects. Moreover, there are a large number of operators supporting high-tech projects actively working in the Russian market. The acceleration of the technological development requires an intensification of innovation policy and a revision of the portfolio of its acting instruments. In turn, this makes the matter of analyzing their significance and relevance for participants in innovation processes more pertinent. The purpose of this work is to identify features of the investment process in the Russian Federation, and determine criteria for selecting priority high-tech projects and methods of evaluating high-tech projects, in the aim of making informed investment decisions.Methods. Models for assessing the investment attractiveness of high-tech projects were constructed using economic and mathematical modeling methods, in particular, nonlinear and dynamic programming methods.Results. The general principles and approaches to methods of evaluating the efficiency were analyzed. A model of the priorities of high-tech projects was presented. Models which take into account cash flows after the expiration of the payback period were also considered (by means of the nonlinear programming of calculation of the discounted payback period of investment costs and the modernized discounted payback period of investment costs). An algorithm for assessing the investment attractiveness of high-tech projects was demonstrated.Conclusions. To date, there has been no single algorithm for assessing the investment attractiveness of high-tech projects. However, the integrated application of the methods and models proposed in this work will allow investors to make informed investment decisions despite the complexity of project financing in innovative developments.
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Naumov, O. B., and L. M. Naumova. "STRATEGIC IMPERATIVE OF INSTITUTIONAL REGULATION OF INNOVATIVE DEVELOPMENT OF INDUSTRIAL PRODUCTION." Economic innovations 19, no. 2(64) (July 7, 2017): 224–29. http://dx.doi.org/10.31520/ei.2017.19.2(64).224-229.
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The article is devoted to substantiation of strategic directions and formation mechanisms of institutional regulation and support the innovation development of industry enterprises. The purpose of the article is to create a mechanism for the development of innovation activities of industrial enterprises. Theoretically grounded directions of improvement of organizational and economic mechanism of innovation in the industry. Proposed the system of measures the formation and implementation of the program of innovative development of industry. Stages of actions to enhance the innovation activity of an industrial enterprise are as follows: assessment of the preconditions for making a decision on the strategy of innovation development; Causal analysis of economic activity of enterprises, identification of sources of innovative development; Making a decision on the possibility and feasibility of implementing innovative projects (assessment of external and internal conditions); Definition of purpose, mission, objects of innovative development; Development of the program of innovation and investment development of industrial enterprises; Implementation, coordination and control of the strategy of innovation development. The main criteria for selecting innovative projects should be: novelty and perspective of solutions; compliance with the priorities of the industrial development program; readiness of the project and the production structure for novelty; market criteria that characterize the project's compliance with market needs, product readiness and consumers at the time of project implementation; production criteria characterizing the technical condition and level of personnel training, quality and quantity of necessary raw materials, materials and energy carriers; financial criteria reflecting the size of the investment, expected cash flow, financial risk; specific criteria specific to the particular applicant (applicant) for innovation. The value of each criterion is determined by the specifics of the applicant's production activities and the state of the economy of the country.
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Melnyk, Victoria, and Oleh Pohrishchuk. "Investment support for the agricultural sector: creating opportunities in Ukraine." Herald of Ternopil National Economic University, no. 3(89) (October 10, 2018): 23–34. http://dx.doi.org/10.35774/visnyk2018.03.023.
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The article considers the challenges of investment support for Ukraine’s agrarian sector. In order to provide investment support for business entities by means of investment management and creating investment resources, a conceptual scheme is developed and presented. It is shown that identifying priority investment channels and implementing investment projects are based on the investment model, and therefore require measures for its further promotion. Particular attention is paid to determining priorities of financial support for the agrarian production. The paper addresses the issue of implementing regional investment projects and increasing local investment opportunities. It is pointed out that the framework of investment support for the agrarian sector is shaped by economic, social, financial, and legal factors through the following components: legal and regulatory setting; human resources capacity; organizational, innovative, informational, financial, technical and technological, marketing support. Their improvement will stimulate the competitive growth of the agrarian sector. The core activities that should be undertaken in order to effectively implement investment projects in the agrarian sector of Ukraine include: completing the legal framework for attracting investments and protecting the rights of investors and creditors; establishing investment support policies; building the innovative infrastructure; developing the leasing services market; enhancing information support for attracting investments; creating conditions for increasing intellectual capacity in the manufacturing sector.
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Romanova, Alina T. "MODELING THE CHARACTERISTICS OF AN INNOVATIVE INVESTMENT PROJECT." RSUH/RGGU Bulletin. Series Economics. Management. Law, no. 3 (2020): 106–11. http://dx.doi.org/10.28995/2073-6304-2020-3-106-111.
Повний текст джерелаАнотація:
The work presents a system of requirements that an innovative type of investment project must meet. The innovative nature of the project is assessed on the basis of dynamics and limitation on competitiveness indicators. Integrated evaluation of competitiveness and its changes are coordinated with changes in indicators characterizing the consumer properties of the product. Inertia of change of consuming properties in relation to investment investments is taken into account. One sign of innovation is the elasticity of investment competitiveness.
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Egorov, Anatoly, Nadezhda Pilipchuk, Aleksey Selskov, and Kirill Grabovyy. "Optimization of managerial decisions during innovative-and-investment activities of construction company." MATEC Web of Conferences 193 (2018): 05045. http://dx.doi.org/10.1051/matecconf/201819305045.
Повний текст джерелаАнотація:
The article gives a model description of the management processes of the investment activity of a construction company that develops and implements innovative construction projects in the conditions of an acute shortage of external investment resources. Optimization of the series of managerial decisions for the construction of algorithms for managing the innovation and investment activity of a construction enterprise was carried out taking into account the functioning of the investment flow management system: soft management, risk management, crash management. The schemes of restructuring the production, investment and innovative structures of the construction enterprise are proposed. An investment model for the implementation of a specific innovative construction project has been developed and a number of management solutions that meet this model have been identified and designed to neutralize the effects of external adverse perturbations. The application of management solutions of internal, medium and external contours to the management system of investment flows of a construction enterprise as a part of specialized series is substantiated.
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Karabanyk, Stepan, and Yuliia Mykytiuk. "The role of self-financing in introducing innovative development in construction organizations." Herald of Ternopil National Economic University, no. 1(87) (January 30, 2018): 98–105. http://dx.doi.org/10.35774/visnyk2018.01.098.
Повний текст джерелаАнотація:
The article discusses and defines the concept of self-financing which unlike statutory reserves is not necessarily displayed in a balance sheet and may take different forms of investment. It is pointed out that one of the main principles of generating investment resources of an organization is the principle of correspondence between attracted investment resources and investments needed, which is based on calculations of the total of real and financial investments. It was found that the problem of financial and credit support of innovative development through self-financing relates to the portfolio allocation model of scarce investments between the elements of organization. Such an approach results in a situation in which some innovative projects receive insufficient investment resources. The concept called “routinization of innovation” is considered as a stage of the innovation process which is characterized by the accumulation of constantly reproduced traditions. The savings achieved through this should be spent on the routine of innovation. The possibilities of using self-financing are examined. It is viewed as the main tool for introducing innovative development in building organizations under current conditions. Reasons for lack of effectiveness of this tool are described. The methodology for calculating the range within which self-financing is considered to be reasonable is presented. It is proved that in order to facilitate the effective operation of an organization, given the process and structure of self-financing, its innovative adaptation should reflect the ability to perform all the functions (including the logistics of resources) arising from innovative development of the organization.
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Pakhomova, Y. V., N. N. Kudryavtseva, and Y. N. Duvanova. "Formation of the enterprise investment strategy." Proceedings of the Voronezh State University of Engineering Technologies 83, no. 2 (September 27, 2021): 237–42. http://dx.doi.org/10.20914/2310-1202-2021-2-237-242.
Повний текст джерелаАнотація:
Currently, modern methods used to evaluate the effectiveness of investment projects are most focused on quantitative assessment, do not take into account the peculiarities of project implementation at different stages, and also lack the ability to take into account investment risks in conditions of sectoral characteristics. Risks are associated with postponing the implementation of the investment project over time, so taking into account uncertainties should be an integral part of the assessment of the effectiveness of projects. When creating and implementing an investment project, it is necessary to take into account innovative, commercial, technical and technological, financial risks. Therefore, it is proposed to improve the methodology for assessing efficiency based on the risks taken into account in calculating the discount rate for each phase of the life cycle of the project. In the article, the authors substantiated the need to apply systematic analysis, modern methods, a methodological approach to assessing the effectiveness of investment projects in the electric power industry, taking into account the risks taken into account when calculating the discount rate for each phase of the life cycle of the project, which allows you to more accurately calculate the main indicators of the efficiency of the investment project. The main indicators of evaluation of investment projects efficiency and factors influencing decision-making on investment projects, such as inflation, discounting ratios of the corresponding investment sphere, are considered. Applied research, and even more so fundamental, requires significant investments, the return on which at the first stages of the development and implementation of investment projects is difficult to predict. The end result is also obviously not predictable, which makes investing one of the most risky areas of activity of modern companies.
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BASIURKINA, Nataliya. "DEVELOPMENT OF INVESTMENT POTENTIAL OF THE REGIONAL AGRI-FOOD SECTOR." Ukrainian Journal of Applied Economics 4, no. 3 (August 30, 2019): 289–96. http://dx.doi.org/10.36887/2415-8453-2019-3-32.
Повний текст джерелаАнотація:
The article discusses current trends, threats, problems and factors in the investment potential development of the agri-food sector of the Black Sea region of Ukraine, the formation of which will promote the achievement of the strategic goals of Ukraine by 2030. The aim of the study is to summarize the practical experience of attracting investments, implementing investment projects, creating a favorable investment climate in the agri-food sector and developing the investment potential of the agricultural sector of the Black Sea region in the conditions of Ukrainian economy transformation. Strategic directions for the investment potential development under the conditions of decentralization of the Ukrainian economy are substantiated to ensure sustainable development of the agri-food sector and food security of the Black Sea region of Ukraine. The practical experience of attracting investments, implementing investment projects, creating a favorable investment climate in the agri-food sector and developing the investment potential of the agri-food sector of the Black Sea region under the conditions of the Ukrainian economy transformation is summarized. One of the main anti-crises measures by which it is possible to solve the problems of the agri-food sector is the implementation of innovations. An innovative investment project for the production of meat, fodder flour and other products from the Black Sea clam Rapana Venosa, developed by the scientists of the Odessa National Academy of Food Technologies, is presented. The influence of the proposed project on the investment potential development of the Black Sea region of Ukraine is substantiated. Implementation of the innovative-investment project proposed by the authors will allow the region to develop the infrastructure of the agro-food market, reduce the agro-ecological imbalances, promote the efficient use of the region's bioresources, will not damage the ecology, will allow the government to cooperate with large agroholdings, small enterprises and households, attract investment and advanced technologies, allow the region to enter the international agro-food market, will lead to the rural areas development and improve the living standards of rural residents of the Black Sea region of Ukraine. The factors influence on the investment potential development of the region agro-food sector is substantiated. It is determined how the implementation of the innovation project proposed by the authors will contribute to solving problems of the investment potential development of the agro-food sector. Key words: agri-food sector, stable development, investment potential, Black Sea region of Ukraine, innovation and investment project, food and processing industry, fodder flour, Black Sea rapana.
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Postnikov, V. P., and K. A. Trubinova. "A correlation analysis of the impact of venture investment on innovative economic development." Finance and Credit 26, no. 8 (August 28, 2020): 1767–84. http://dx.doi.org/10.24891/fc.26.8.1767.
Повний текст джерелаАнотація:
Subject. We consider venture investment as one of the most relevant tools for innovative system development in the Russian Federation. Objectives. The purpose of the study is to analyze relationships between the Russian venture capital market and the innovative development of the Russian economy. Methods. The study draws on the systems and situational approaches (analysis of the current state of the system in the direction of its development), logical and retrospective analysis, synthesis, method of tabular and graphical analysis. We also employ the factor and correlation analysis. Results. The study considers theoretical foundations for venture financing. We provide a summary table, reflecting the characteristics of project stages for company development, and distribution of investors by these stages. We performed the analysis of the venture investment market in Russia, revealed the most attractive stages of company development and investment niches, considered the status of innovation-driven economy of Russia, and conducted a correlation analysis of relationship between indicators of the Russian venture capital market and indicators of innovative development of the country. Conclusions. Developing the venture capital ecosystem and the algorithm for attracting venture capital investors to finance innovation projects has a direct impact on and enhances the country's innovative activities. It will also enable to increase the number of successfully implemented projects.
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Prigoda, Ludmila. "FINANCING OF SMALL ENTERPRISES INVESTMENT PROJECTS: INNOVATIVE ASPECT." MEST Journal 4, no. 2 (July 15, 2016): 156–60. http://dx.doi.org/10.12709/mest.04.04.02.17.
Повний текст джерела
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Brusov, Peter, Tatiana Filatova, She-I. Chang, and George Lin. "Innovative Investment Models with Frequent Payments of Tax on Income and of Interest on Debt." Mathematics 9, no. 13 (June 25, 2021): 1491. http://dx.doi.org/10.3390/math9131491.
Повний текст джерелаАнотація:
New modern investment models are created to be as close as possible to real investment conditions. We consider long-term as well as arbitrary duration models with payments of interest on debt and of tax on income a few times per year (semi-annually, quarterly and monthly), which could be applied in real economic practice. Their verification will lead to the creation of a comprehensive system of adequate and correct assessment of the effectiveness of the company’s investment program and its investment strategy. One of the most important elements of calculating the effectiveness of investment projects is the assessment of the discount rate, the calculation methods of which are generalized for the real conditions of the implementation of investment projects. We consider the effectiveness of the investment project from two points of view: the equity owners and the owners of equity and debt. NPV for each of these cases is calculated by two different methods: with the separation of credit and investment flows (and thus discounting the flows using two different rates) and without such separation (with discounting of both flows using the same rate, and WACC can be chosen as the rate). Numerical calculations, conducted for four investment models (without flow separation) show that: (1) in the case of considering the effectiveness of an investment project for owners of equity capital, the increase in the number of payments of tax on income and of interest on debt p leads to a decrease in NPV: this means that the effectiveness of an investment project decreases with p; (2) in the case of considering the effectiveness of an investment project for owners of equity and debt capital, the increase in the number of payments of tax on income and of interest on debt p leads to an increase in NPV: this means that the effectiveness of an investment project increases with p. In the former case, companies should pay tax on profit and interest on debt once per year, while in the latter case, more frequent payments are profitable for the effectiveness of investment. Eight innovative investment models created in this paper can assist decision-makers in the optimal design, planning and control of company investments and the development of a company’s investment strategy.
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������ and Aleksandr Dagaev. "Management of Innovative Projects Involving Venture Capital Investments." Russian Journal of Project Management 3, no. 1 (March 10, 2014): 26–36. http://dx.doi.org/10.12737/2936.
Повний текст джерелаАнотація:
The paper is devoted to considering of some problems related to high risk
innovative projects management. These problems are a consequence of
uncertainty inherent in innovations with realization terms, needs for resource
providing and even with the end results of carried-out projects.
The specified reasons demand use of non-standard approaches to project
management, considering specifics of innovative process. Some of such
approaches wide-spread in a practice of venture capital investment are discussed.
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Pugacheva, Valeria. "Analysis of Quantitative Methods of Risk Assessment and Selection of Optimal Method Using Venture Investment in Innovative Projects in Construction." Baltic Journal of Real Estate Economics and Construction Management 4, no. 1 (November 1, 2016): 153–67. http://dx.doi.org/10.1515/bjreecm-2016-0012.
Повний текст джерелаАнотація:
Abstract One of the main factors that constrains using of venture investment in innovative projects in the field of construction is high risk of this type of investment. Thus, the problem of risk assessment is relevant in the venture investment of innovative projects. First of all, it should be noted that the risks in the construction industry have considerable specificity and heterogeneity. Real options approach is an important tool with venture investment at all stages. It can be widely used in innovative projects in construction for accurate risk assessment.
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Stepanova, A. "INVESTMENT OPPORTUNITIES FOR INFRASTRUCTURE INNOVATIONS IN UKRAINE." Bulletin of Taras Shevchenko National University of Kyiv. Economics, no. 216 (2021): 59–64. http://dx.doi.org/10.17721/1728-2667.2021/216-3/7.
Повний текст джерелаАнотація:
Industrialization and digitalization of all spheres of the economy set the pace of development. The implementation of the latest achievements in related areas of the economy contributes to the innovative development of the country and its businesses. The proposed and economically substantiated innovative project for the production of unmanned aerial vehicles (UAVs) for infrastructure purposes at the existing enterprise of Ukraine allowed demonstrating the economic feasibility of such an idea. The calculation of investment support for the implementation of an innovative infrastructure project has shown that Ukraine has prospects for the development of infrastructure innovations, taking into account global trends in the production of complex technical systems. The calculation of scenarios for the development of an innovative infrastructure project for the introduction of information technology in the economic environment allowed to indicate the probability of taking into account the risks, which will further contribute to the development of development strategies of the company. The use of tools for evaluating venture projects demonstrates the growth of the value of the company implementing the innovative project and is a clear confirmation of the feasibility of implementing an innovative project for the production of UAVs for infrastructure purposes.
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Skorokhod, І., and L. Horbach. "INNOVATION-INVESTMENT PROVISION OF REGIONAL ENVIRONMENTALLY SAFE DEVELOPMENT." Financial and credit activity: problems of theory and practice 3, no. 38 (June 30, 2021): 456–64. http://dx.doi.org/10.18371/fcaptp.v3i38.237478.
Повний текст джерелаАнотація:
Abstract. The purpose of the scientific publication is to analyze the dynamics of innovation and investment support for regional ecological development, to identify prospective ways to improve the financial incentives for innovative environmentally-oriented development of Ukrainian regions. The achievement of the purpose of environmentally sustainable development of the country and its regions requires an innovative approach, which essence is to introduce innovations aimed at accelerating quantitative and qualitative changes in the methods of management combined with the development and absorption of environmentally safe innovations, the development of the market for innovative environmental goods and services. The article emphasizes that the innovative eco-sustainable development is the main means of solving a wide range of problems in almost all spheres of life and characterizes the quality of the socio-economic system of the country as a whole and its regions. The article discusses the features of implementation of innovations and investment in the regional ecological development. It analyses the dynamics of innovation-investment support of regional ecological development based on calculations of innovation-scientific and investment indicators. This provided the basis for their rating assessment and identification of the interregional differentiation of administrative regions of Ukraine according to the indexes, which could be the basis for making managerial decisions on innovation and investment support for environmentally sustainable development, taking into account regional peculiarities. It is proved that for the activation of innovation and investment support for regional eco-sustainable development, it is necessary to determine its preconditions, taking into account the assessment of the possibilities of implementation of innovations and attraction of investments in the regions of Ukraine. Indices of innovation and investment support for environmentally safe development of the region are calculated on the basis of statistical data that have an enormous influence on their level and their grouping has been conducted according to qualitative features. A number of measures have been proposed to improve the financial incentives for innovative environmentally-oriented regional development.
Keywords: innovation and investment projects, eco-sustainable development, environmental innovations, innovation activity, capital investments, financial sources.
JEL Classification Q56, R58, O31, G31
Formulas: 0; fig.: 3; tabl.: 3; bibl.: 19.
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Orlova, Kristina Yu. "Formation of innovation and investment development directions of the Samara Region systemic enterprises." Vestnik of Samara University. Economics and Management 12, no. 2 (August 5, 2021): 67–77. http://dx.doi.org/10.18287/2542-0461-2021-12-2-67-77.
Повний текст джерелаАнотація:
The article discusses the directions of innovation and investment development of the strategic, system-forming, enterprises of the Samara Region, which were determined on the basis of an analysis of information about the real situation (20182020) and the planned future (from 2021), obtained as a result of a questionnaire survey of managers about the directions of investment, criteria for making investment decisions, as well as the strategic goals of investment plans. The analysis of investment directions was carried out, on the basis of which the types of investment activity of enterprises were identified as active, proactive and passive. Criteria for making investment decisions are considered, on the basis of which the types of investment behavior of enterprises were divided into leader behavior associated with the economic justification of investment decisions, and follower behavior characterized by an empirical decision rule. The average values of the investment projects characteristics the payback period of investments, the excess of the rate of return over the loan rate, and the discount rate required for making a decision on investment, as well as the volumes of investment projects in different periods are given. On the basis of the investment objectives considered, three types of strategies of system-forming enterprises are formulated: aggressive, moderate and conservative. Based on the analysis of the results of the survey, the features of innovative activity, as well as the directions and prerequisites for the innovative development of the Samara Region strategic enterprises are determined.