Innovation Activities Of Companies Research Articles

INVESTIGATION OF THE INFLUENCE OF CORPORATE CULTURE ON INNOVATIVE DEVELOPMENT OF ENTERPRISES IN REGIONS OF RUSSIA: EMPIRICAL ANALYSIS AND PRACTICAL RECOMMENDATIONS

This scientific article examines the relationship between corporate culture and innovation development of enterprises in regions of Russia. Based on empirical data, the author aims to identify key aspects of corporate culture that contribute to the growth of innovation activity of companies, as well as to provide practical recommendations for the formation and development of such culture in Russian enterprises. To obtain specific results, qualitative and quantitative research methods are used, including surveys, interviews, and analysis of statistical data.

Government Incentive and R&D Innovation: Based on the Research of Environmental Protection Listed Companies

We selected the public disclosure data of 158 listed companies in China’s environmental protection industry and analyzed the impact of two types of government incentives (government subsidies and tax incentives) on the R&D and innovation activities of companies. The study also analyzed the differences caused by the location and nature of ownership of the companies. The results showed that both government subsidies and tax incentives have a significant effect on R&D and innovation in the environmental protection industry. Furthermore, the impact of government incentives on enterprise innovation is heterogeneous. Compared with the western region, the impact of government subsidies and tax incentives is more significant for the eastern and middle regions. Similarly, compared with state-owned enterprises, the impact of government subsidies and tax incentives is more significant for non-state-owned enterprises.

Prediction and visualization of Mergers and Acquisitions using Economic Complexity.

Mergers and Acquisitions represent important forms of business deals, both because of the volumes involved in the transactions and because of the role of the innovation activity of companies. Nevertheless, Economic Complexity methods have not been applied to the study of this field. By considering the patent activity of about one thousand companies, we develop a method to predict future acquisitions by assuming that companies deal more frequently with technologically related ones. We address both the problem of predicting a pair of companies for a future deal and that of finding a target company given an acquirer. We compare different forecasting methodologies, including machine learning and network-based algorithms, showing that a simple angular distance with the addition of the industry sector information outperforms the other approaches. Finally, we present the Continuous Company Space, a two-dimensional representation of firms to visualize their technological proximity and possible deals. Companies and policymakers can use this approach to identify companies most likely to pursue deals or explore possible innovation strategies.

The organizational and economic mechanism of attraction of digital technologies in the innovation activity of companies in the conditions of international competition

The article is dedicated to the analysis of the organizational and economic mechanism of the participation of digital technologies in the innovative activities of companies in conditions of international competition. The theoretical and methodological basis of the study are the provisions of economic theory, the theory of innovations, the digital economy; as well as the special methods of analysis and synthesis, induction and deduction, scientific generalization, which allowed to obtain a conceptual holism of the investigation. It has been studied that the concept of organizational and economic mechanism must be understood as a system of really functional organizational, economic and legal instruments, which in a complex way determine the result of the companies' activities, and which includes the regulation of the internal economic mechanism, the general operating mechanism of companies and their innovative componentwith the participation of digital technologies.

What factors influence the innovation activity of companies - The case of Hungary

What factors influence the innovation activity of companies - The case of Hungary

What factors influence the innovation activity of companies - the case of Hungary

What factors influence the innovation activity of companies - the case of Hungary

О КОРРЕЛЯЦИИ ИНВЕСТИЦИОННОГО КЛИМАТА И ИННОВАЦИОННОЙ АКТИВНОСТИ РЕГИОНАЛЬНЫХ КОМПАНИЙ

The article discusses the relationship (correlation) between the investment climate and the innovation activity of companies, the study of the relationship between the innovation potential and the investment climate of economic systems, as well as the mechanisms of investment support for innovation. It is noted that various industries or regions in which they are located have a correlation between investments in R&D and the results of enterprises’ activities, a structural diagram of the relationship between the investment climate, business environment, innovation activity and innovation activity is presented, the features of innovative abilities in the activity of the enterprise are presented in the interpretation of the authors.

Corporate planning as a tool for the implementation of national industrial policy

The article formulates a number of key requirements for the development of strategic plans for the development of domestic corporations. The special importance of the consistency of corporate and state industrial development programs is emphasized. The main stages of corporate management actions to take into account the priorities of the national industrial policy are outlined. The features of the program-target (project) methodology of corporate planning are characterized. The main stages of the development of corporate plans, including for integrated structures, are recommended. The main provisions on the planning of production, sales and innovation activities of companies are considered. An algorithm for determining prospective production volumes is proposed. The actions of corporate management to improve the marketing policy of the business are characterized. The importance of the logistics component in the implementation of corporate programs is emphasized.

THE SIGNIFICANCE OF COMPANY INNOVATIVENESS FOR STOCK PRICE AND VOLATILITY

The aim of this paper was to determine whether company innovativeness is significant for the price and volatility of stocks. In modern business conditions, innovation is one of the foundations of business success because companies that innovate not only monitor changes in the environment but also generate new revenue, open new markets, and so on, which significantly improves their position in relation to the competition. Exploring the significance of innovation for stock price movements can be important for understanding how the market reacts to innovation, but it can also motivate companies to invest more in innovation processes and the implementation of innovation activities. In the paper, the authors used a quantitative methodology based on a panel regression analysis of data collected from secondary sources for the period from 2005 to 2020. The research included eight of the most innovative companies ranked by the Boston Consulting Group. The results indicate that company innovativeness is statistically significant for average stock price and coefficients of variability. Given the important role that innovativeness plays in a company’s business, the results obtained can serve as guidelines for managers in charge of implementing innovation activities in companies, as well as investors and other relevant stakeholders. Recommendations for future research are aimed at expanding the model with additional variables, which could potentially increase the representativeness of the model, and testing existing models on other data sources.

Knowledge spillover, knowledge management and innovation of the Portuguese hotel industry in times of crisis

PurposeThe aim of the study is to analyze how knowledge spillovers and knowledge management capabilities affect the innovation capabilities of hospitality sector companies in crisis environments.Design/methodology/approachA survey was completed by 63 hotel directors based in Portugal, gathering data on knowledge spillover, knowledge management capabilities and innovation capabilities. Two multiple linear regression models were used to estimate the impact of knowledge spillovers and knowledge management capabilities on innovative capability.FindingsIt has been concluded that knowledge spillovers work as external benefits of knowledge creation, increasing the innovation activities of companies in the hospitality sector, which reinforces that knowledge spillovers help to enhance innovation capabilities. The study's results show that it is essential for companies to manage knowledge. It also concludes that effective knowledge management facilitates the exchange of knowledge required in the innovation process. Knowledge spillovers improve the performance of innovation in companies through the development of new insights and innovation capabilities.Research limitations/implicationsThis research was carried out in a period of crisis. As expected in a troubled period, the results are extremely volatile. This study's sample is composed of Portuguese hospitality companies.Originality/valueThis research provides valuable insights into the overflow of explicit and tacit knowledge in the hotel industry. Moreover, this study offers new insights into the mediating role of knowledge management capability in the relationship between a hotel's knowledge overflow and its innovation performance.

Evaluation of the innovation activities of companies in the competitive EU market – external factors

Purpose: The purpose of this paper is to assess the innovation activities of companies in the EU countries, taking into consideration the external factors. Design/methodology/approach: This article focuses on the analysis of the most frequently used factors determining the external conditions of the companies innovation activities with the use of taxonomic analysis. The research was conducted on the annual data for years 2017-2019 for the selected European countries. The data from the databases of OECD and Eurostat were used in the analysis. Findings: The results of the conducted analysis allow to conclude that the state and organisation of innovation activities in the economy and thus, in the companies is strongly dependent on external factors. The averages and quartiles were calculated to show the dynamics of the factors. Moreover, Ward dendrogram was presented to show the similarities and differences in shaping the innovation activities. The synthetic indicator was used to determine the development path and the map of objects was drawn. There is a strict connection between the amount of expenditures on R&D and the employees’ education concerning the implementation of the innovation activities in all analysed countries. In particular, it is visible in the Scandinavian countries and in Luxembourg. In Poland the innovation activities of companies is similar to the ones in the countries of Central and Eastern Europe. The low level of GERD causes that many companies have financial problems and despite high dynamics of industrial production, the innovativeness is still at a low level. Research limitations/implications: The comparison of Poland with other countries would surely give a wider picture whether the innovation processes are performed in an efficient way. The accessibility of data, for each country, used in the research not only limited the period of analysis but also determined the selection of variables. The analysis was based on the data from the mentioned databases to make it more reliable. Practical implications: The information obtained during the conducted analysis may facilitate the process of proper decision making referring to the management of innovations. The implementation of innovations guarantees not only the company development but also greater transparency in the information and knowledge flow among the workers. Originality/value: The analysis of external factors of the innovation activities is really important as the investments in innovation activities are the more and more important GDP part and the numerical taxonomy methods enable to indicate, indirectly, these countries which should be models for Poland so that it could organise and manage the innovation processes. The analysis of innovation activities makes it possible to indicate desired directions of changes 564 A. Strzelecka in the management of Polish companies. Thus, it is a basis to take decisions in the competitive markets.

Regional Differentiation of the Innovative Potential of Enterprises in the Czech Republic

This article presents the results of a survey of innovative activities of enterprises in the Czech Republic and a comparison of differences between regions. The goal is to analyse the approach of companies, examine how they evaluate their innovation activities and the implementation of R&D, and find out if there are inter-regional differences in the innovation activities of companies in chosen categories. The data were collected via a questionnaire survey of companies across regions in coordination with the Technology Agency of the Czech Republic. The research revealed that more enterprises were in a dependent position, providing partial functions within the concern, or as suppliers in their respective production chains. At the same time, companies are actively preparing for the constantly changing production and economic environment and some also have ambitions to become pioneers of innovative change. Even at regional level, some differences were found, given the different stage of development and competitiveness of the regions. Through the priorities of regional innovation strategies, public support should prepare suitable conditions for the development of new industrial and tertiary sectors in the region.

Pengaruh Usia Perusahaan terhadap Kinerja Keuangan (Studi pada Bank Victoria Syariah)

Company age and experience are concepts that remain the same. Younger and older companies differ in experience and other aspects. The company's innovation activities change over time and the age of the company reflects the process of growth and accumulation of experience. Age is considered an important determinant of corporate innovation because of its learning effect, which enables mature companies to innovate more effectively as they build on previous routines and capabilities. Over time, companies can not only innovate based on past experience and capabilities, but can also accumulate resources, managerial knowledge, and the ability to handle uncertainty. The purpose of this study was to determine the effect of company age on financial performance, as measured by return on assets (ROA) and return on equity (ROE). The results of the regression analysis show that the age of the company has no effect on ROA and ROE. Based on the results of this study, the management of Bank Victoria Syariah should try to increase market share to increase financial performance, for example by intensifying promotions and corporate cooperation.

Applying the aggregated indices randomization method to prioritize cluster development

Subject. This article discusses the innovation activities of companies participating in clusters. Objectives. The article aims to justify a choice of State support facilities for the innovation activities of enterprises participating in clusters. Methods. For the study, we used the hierarchical aggregated indices randomization method and Monte Carlo method. Results. During the study of cluster construction in St. Petersburg, an array of data was obtained. Based on calculations, we show the choice of two enterprises, the best ones in terms of assessing the probability of dominance. We justify the possibility of using such a characteristic of randomized aggregated indices as the value of mathematical expectation, as a choice criterion. Conclusions. The algorithm developed to apply the aggregated indices randomization method develops an institutional approach to the analysis of regional clusters.

The use of benchmarking tool to improve efficiency of company's innovation activities in the conditions of digital economy

The use of benchmarking tool to improve efficiency of company's innovation activities in the conditions of digital economy

Development of Companies in Modern Conditions of Economic and Legal Relations

This paper proposes a methodology approach that provides the solution to practical problems of companies in case of the innovation implementation in modern conditions of the economic and legal relations. The approach makes it possible to evaluate a strategy for the innovative development considering components, such as the integral indicator of a company's innovation activities, an integral indicator of innovative capability of a company.

Regulation and product innovation: the intermediate role of resource reallocation

Regulation has been identified as an important determinant of the innovation activities of companies, industries, and entire economies. As such, this paper investigates the potential effects of regulation on the innovative performance of firms in China. We identify an inverted U-shaped relationship between regulation and product innovation performance. That is, in China, regulation plays a positive role in promoting innovation: the more actively firms deal with regulations within certain threshold levels, the better their product innovation performance is. However, after reaching the threshold, the relationship reverses. Further, actively coping with regulations facilitates firms’ access to financial resources, which in turn promotes product innovation. Meanwhile, output distortion significantly impedes product innovation performance. However, regulation does not show a measurable impact on output distortion.

Innovative enterprise accounting reporting features

The article defines innovative enterprises' accounting reporting features, which reflect the specifics of their activity in the context of increased risk and has a risk-oriented direction of the generated information resource for management purposes. It is established that a large part of accounting objects (current and non-current assets) has innovative nature (directly or indirectly involved in the development and production of an innovative product). It has been clarified that the financial statements of the developer and manufacturer of innovative products should disclose reporting indicators that are significant for managing the risks of the startup company's innovation activities. Indicators of the financial condition of the company that take into account the specific activity of the newly created entity in terms of risk include receivables for products (goods, works, services), reserve capital, retained earnings (uncovered loss), other reserves in terms of long-term and current provisions, which are important management tools to minimize the adverse effects of an entity's innovation risk.

Factor analysis of innovation activity of companies in the Russian Federation

This research is aimed at determination and interpretation of the factors that influence the indicator values of innovation activity of enterprises in the Russian Federation. The author sets the following goals: carry out factor analysis of innovation activity of companies in the Russian Federation using the method of principal components and maximum likelihood; determine and interpret the factors; compare the acquired results; develop recommendations on improvement the composition of statistical indicators used for efficiency assessment of innovation activity of companies on meso- and macro levels. The empirical basis contains the data provided by Rosstat on 10 indicators for the period from 2009 to 2016 (657 observations). The scientific novelty consists in identification of latent generalizing characteristics and correlations between the indicators used for assessing the innovation activity of companies in the Russian Federation. Both methods, of principal components and principal factors, allowed similarly distinguishing the two factors: via the method of principal components: development of science in the region and specialization of the region in high-tech industries; via the method of principal factors: research organizations in the region, their number and indicators; specialization of the region in high-tech industries. The second factor reflects commercialization of research and development. A relatively small number of indicators is used for assessing commercialization of research and development. The author notes the lack of statistical data for assessing the efficiency of innovation activity of companies. The statistical indicators of innovation activity of enterprises should include the economic effect indicators. This would allow using the performance indicators of research and development not only on micro-, but also meso - and macro-levels in elaboration and assessment of measures stimulating innovation activity of businesses at the country level.

State and Perspectives of Development of Domestic Industrial Companies

The article considers the state and development opportunities of Russian industrial companies based on innovative solutions and new technologies. The heterogeneity of the companies in terms of their innovative activity, competitiveness and successfulness was revealed. Statistical data on the reasons for the low innovation activity of Russian companies, as well as on possible ways to address them, are examined. The systemic nature of the causes and the interconnectedness of methods of their elimination, including the dependence of the innovative activity of the companies on the level of state support for domestic producers, are noted. Among the main factors affecting the innovativeness, competitiveness, and successfulness of Russian companies are the need to reform the financial sector, the transition to targeted project management, and the restoration of the capacity of a complete innovative reproduction cycle.