The subject under study is organizational, economic and administrative relationship arising during the development of regional innovation potential (RIP). The goal of this study is to elicit ...intra-regional and external social and economic factors,with regard to the region's economy, the factors having impact on the development, as well as the utilization of regional innovation potential through assessment of transparency impact of functioning of social and economic structures of the Volga Federal District regions on one of the most significant indicators of fulfilment of regional innovation potential, the share of innovation products in the total output volume, shipped by enterprises and businesses of the region. Major economic institutions having impact on the development and implementation of regional innovation potential were also analyzed. The characteristics of the factors and the institutions, that we have identified, have been demonstrated on the example of the Republic of Tatarstan.
Innovative activity in modern conditions promotes the dynamic growth of the national economic system, providing a high level of competitiveness. The article analyzes the main factors influencing the ...development of innovative activity of the old quarter. Degree of innovation development of the country often determines the degree of economic growth. Development of small innovative enterprises (SIE) in Russia is an actual and important way of ensuring the sustainable growth of the national economy. Analysis of foreign experience of innovative institutions development, carried out in this paper, helps to construct the system of small innovative enterprises in Russia. It was outlined in the paper that main directions of SIEs development will be linked mainly with scientific researches and short-scale production.
Despite the importance of Open Technology Innovation Activity (OTIA) for firm value, the literature investigating effects of OTIA announcements of developing country firms is not known in ...international academic circles. Our study using an event study approach examines the effects of OTIA (technology import and joint R&D) announcements of firms in Korea, one of the leading developing and highly innovative countries. We find that the announcements of OTIA produce positive average abnormal returns. Interestingly, unlike the prior studies on developed country firms, OTIA with firms in the homogenous industry leads to greater firm value than that involving firms in heterogenic industries. This implies an importance of a technological fusion with external firms in different industries for value of developing country firms. In addition, this article finds no home bias that a nationality of partner firms is not essential for the relation between OTIA and value of firms.
The article analyses the results of the transition to the innovative way of development which was proclaimed by the country’s leaders as the main objective at the beginning of the XXI century. It ...examines the official policy documents which where developed and adopted, as well as the plan of action to reach this goal. And considers major challenges the country was facing at a new historical point indicated by the events of the end of 2011 — beginning of 2012.
In recent years, special attention has been paid to the study of innovation activities. The innovative approach to development involves not only the development of new technologies and release of ...high-tech products, but also creation of effective mechanisms for the participant interaction, definition of innovation policy priorities and instruments, assessment of the innovation activity efficiency and performance gains. Given its relevance, this research work is aimed at expanding the capabilities of innovation activities simulation using MATLAB environment. The result of the practical part of this research is a methodology for assessing the element of innovation activity, which addresses potential factors of influence that affect the innovative development of the studied subject.
This paper examines a relation between technology innovation activity (TIA) and firm value. Using a simultaneous equation approach, we focus on a mediation effect of leverage, an indirect effect of ...TIA on firm value via its effect on firm leverage. This paper finds evidence that an increase in TIA of Korean firms leads to not only a direct increase in firm value but also to an indirect decrease in the value via a reduction in leverage. Conditional quantile regressions indicate that the direct effect of TIA on firm value is greater at the upper quantiles of firm value (Tobin's Q) whereas it is stronger at the lower quantiles. This study captures up a distinctive, negative mediation effect of leverage, irrespective of firm value and a leverage level.
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