Innovative Behaviour of Russian Industrial Companies

Abstract

AbstractEvery company during its life cycle needs a renewal and development to provide its presence in the market. Innovations, unlike usual modernization of an enterprise, are applied not only to maintain a current market position, but more also in purpose to create a long-term competitive advantage.This work is an attempt of econometric analysis of Russian enterprises’ innovative behaviour which reveals in making a decision of financing this or that type of innovation. It was expected that the greater competitive pressure a company meets, and the lower its technological level of production is, the more the company will be willing to invest in innovation.The specific features of the research are: Firstly, the analysis mostly considers non-financial factors, which is not typical for such kind of works in this field. Secondly, the data for analysis are the results of a survey conducted among top managers of Russian companies by the research project “Factors of Competitiveness and Growth of Russian Manufacturing Enterprises” within a framework of the Basic Research Program at the HSE (The data used in this work was collected as a part of the research project “Factors of Competitiveness and Growth of Russian Manufacturing Enterprises” implemented in 2018 within a framework of the Basic Research Program at the National Research University Higher School of Economics (HSE)). The models of binomial and multinomial classifiers were implemented as the main research tools. The AME analysis showed that the presence of a company in the world market increases the chances of a positive decision on innovation, and the technological level of production directly depends on the propensity to innovate, which contradicts expectations. The financial indicator turned to be insignificant for the fitted model, as well as the indicator of the strategic planning period.KeywordsProduct innovationsTechnological innovationsInnovative behaviour of Russian companiesNon-financial determinants of innovations