Abstract
Today the main spheres of society are developed mainly through the using of innovative technologies and constant updating of products. The result of active innovative activity of the economic subjects directed on the solution of different financial problems including the management all of increasing innovative risks became the prompt progress of financial engineering.м In turn, the process of designing innovative financial products created to reduce the various types of risks through instruments of financial engineering is characterized in economic science as a risk-engineering. DOI: 10.5901/mjss.2014.v5n24p148
Highlights
Not in doubt that the major spheres of society at the expense of developing innovative technologies
General Director of "Innovations of Leningrad Institutes and Enterprises", "Innovation - it is an innovation based on scientific research, which is implemented in the market
Using the definition of financial engineering, we have given above, the risk-engineering, in our opinion, is a complex of measures, including the design, development and implementation of innovative financial products and processes, as well as creative new approaches to solving problems related to the management and reduction of risks arising from financial market subjects
Summary
Not in doubt that the major spheres of society at the expense of developing innovative technologies. General Director of "Innovations of Leningrad Institutes and Enterprises", "Innovation - it is an innovation based on scientific research, which is implemented in the market. These definitions of innovation, as well, and some others found in scientific publications, are pragmatic enough and applied nature. In most publications, being based on the innovations in the field of scientific and technological progress, while the innovative processes in the economy remain outside review. Innovation occurs when you use the results of research and development aimed at improving the process of production activities, economic, legal and social relations in the field of science, culture, education and other sectors of society
Sign-in/Register to view highlights & summary Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
