scholarly journals Research on the Internal Financing Mechanism in the Innovation Chain

2020 ◽  
Vol 2020 ◽  
pp. 1-8
Author(s):  
Huihong Liu ◽  
Han Ding ◽  
Xinmiao Zhou

It is of great significance to build an efficient and cooperative innovation system and support system under the background of China persisting in leading the development with innovation and speeding up the construction of an innovation-oriented country. The collaborative relationship and profit distribution of each innovation subject will be analyzed through the study of the innovation activity in the innovation chain. With consideration of the characteristics of the innovation chain such as high risk, financing difficulty, cooperative partnership and so on and using the internal financing mode of supply chain for reference, the game model of internal financing between members of the innovation chain will be established. The game equilibriums will be solved and analyzed, and the optimal equilibriums will be achieved by designing the contracts to establish the internal financing mechanisms in the innovative chain. For the risk asymmetry at each stage of the innovation chain, the contracts will be optimized to construct the risk sharing mechanism to control the risk of the internal financing in the innovation chain. In order to make innovations, this paper creates the financial support mode of the innovation chain, improves the innovation support system and increases the efficiency of the innovation chain.

Author(s):  
Anatoliy Ivanovich Bogdanenko

In the monograph the theoretical identification of concepts and categorical series of state regulation of investment-innovation processes are investigated; the directions of optimization of the state policy of innovation and investment development management in Ukraine are determined; the organizational and legal principles of the state regulation of development of intellectual potential of the population are substantiated; the areas of development and improvement of the national innovation system as an object of state policy are highlighted and assessed. The monograph will be interesting for scholars, lecturers, doctoral and graduate students, and will also be useful to practical politicians, journalists and media workers and a wide range of readers interested in investment and innovation activities.


It is reasonable to use digital technologies to organize and support an innovation system that simplify and promote interactions between innovation activity participants by performing a situational analysis of big volumes of structured and unstructured data on innovation activity subjects in the regions. The aim of the article is to substantiate the essence, peculiarities and features of integrating blockchain platforms with Big Data intelligent analytics for regional innovation development. The study was carried out as based on materials describing the development of this concept both in the whole world and its spread in the Russian economy.


Author(s):  
Анна Сазонова ◽  
Anna Sazonova

The national innovation system is one of the main mechanisms for restructuring the Russian economy. The implementation of innovations, the active development of the science and technology industry creates the necessary conditions and prerequisites for the transition of the economy to its new technological structure, providing an innovative type of economic growth. In recent years, the literature has developed many approaches to the definition of the concept of “innovative potential”. Some authors consider this category as a set of resources and capabilities of the system to create and implement innovations. Others define innovative potential as a measure of the region’s readiness to create and promote innovations. The third group of authors treats innovation potential as a result of innovation activity, identifying in some way the concept of “innovation potential” and “innovation process”. This article discusses approaches to the definition of a comprehensive indicator of innovative potential. The assessment methods considered in this article allow to determine the level of innovative potential of an organizational system, to perform a comparative analysis of systems according to a generalized indicator of innovative potential and its components, and also to develop programs for the development of organizational systems taking into account the effective use of innovative system capabilities.


Author(s):  
N. Rylach

Under the megatrend, we mean large-scale technological, economic, social, political changes that occur slowly, but in the long run, when they are rooted, they substantially and permanently affect most of the processes in society. Such relative stability in the trajectory of the main forces of change can predict some elements of medium and long-term future changes. The article investigates such megatrends of the development of global innovation networks as the structural nature of the global innovation system, the development of systemic interconnections in the field of innovation, the interaction of national innovation systems and global, the internationalization of innovation activity, and the paradigm of "open innovation". The methodological principles and structural elements of the concept of the national innovation system are determined in the paper, the connection of national innovation systems with the phenomenon of internationalization of the innovation sphere is explored. The theoretical principles of the phenomenon of internationalization of innovation activity are investigated, as well as the preconditions for the emergence of the concept of "open innovation" and its current trends have been established. The concept of open innovation is an important precondition for the emergence and functioning of global innovation networks. The paper analyzes the genesis and specificity of the phenomenon of global innovation networks, outlines their structure and dynamics. It has been determined that global innovation networks play an important role in the development of the modern world economy, as they stimulate international cooperation in the innovation sphere, transfer of knowledge to the world economy and general scientific and technological development and growth of world production.


The current trends of development, ensuring the welfare of the state, are in continuous communication with innovation activity. Under the influence of complex and sustainable innovation processes, the concept of the national innovation system is embodied at the macroeconomic level in its totality. Numerous elements are seen in the conjugation of the national innovation system scale, among which higher education institutions, and their scientific and innovative potential take their place. However, the reverse side is inequality in the levels of university integration, which introduces a discrepancy between the degree of their effectiveness as the elements of the national innovation system. So it becomes urgent to have a specific set of steps to improve the level of university integration. The process of integration level increase must be governed necessarily by the principles of suitable integration condition management, where it is possible to justify waiting by creation of a management algorithm for university integration in the national innovation system. The result of such an algorithm application is the obtaining of a visual set of steps by a user to ensure the process of managerial decision making and implementation to improve the level of university integration in the national innovation system. The increase of university integration will directly enhance its interaction with other elements of NIS, and therefore will increase its contribution to the national economy development, and other priority areas of the state.


2015 ◽  
Vol 3 (2) ◽  
pp. 90
Author(s):  
Zdzisław W. Puślecki

<em>The main aim of the paper is analysis of the innovation and knowledge in creation of European Union global competitiveness and social security from regional perspective. To the particular goals of the research belong the presentation of the knowledge-based-growth (KBG) theory, the concept of innovation system, the innovation system and innovation process, constructed advantage, the Triple Helix model, Europe 2020 strategy and Innovation Union and Horizon 2020 as the financial instrument implementing the Innovation Union. The important results of the research is the conclusion that in the innovation process also in the European Union very important are the connection between science (universities), market (industry) and government at the regional level. There is positive dependence between innovation activity and effectiveness of the innovation process. The more interaction and cooperation also the creation of enterpreunership it can observe on the regional level than on the state. The new programme of the scientific and innovation research Europe 2020 and Innovation Union are very important factors of the economic growth, social security and global competitiveness of the European Union. The new economic narrative of the European Union is built around three main strands–boosting investments, pursuing structural reforms and fiscal responsibility. </em>


2019 ◽  
Vol 18 (3) ◽  
pp. 114-124
Author(s):  
Svitlana Labunska ◽  
Nataliia Gavkalova ◽  
Andriy Pylypenko ◽  
Olena Prokopishyna

The main aim of the research was to develop cognitive instruments that allow justification of decisions in national innovation policy. In the theoretical part of research fundamentals of national innovation policies of EU-members and Ukraine were compared to reveal factors that can accelerate innovation development. In the empirical part of research the analysis of innovation capability of Ukrainian enterprises was conducted based on financial, statistic and management reports and it confirmed that companies systematically conducted innovation activities, reached higher levels of innovation potential, innovative business opportunities and margin of economic security and, consequently, have more innovative capacities for innovation of all types. The formation of cognitive analytical base allowed the application of scenario modelling at the level of public management of innovation activity. Cognitive modelling approach was justified firstly by increased volatility in economic conditions of modern realities of crisis in the national economy, and secondly high-cost and risky innovations, fast diffusion of information resources during the introduction of innovation processes, and thirdly, the presence of the mutual influence of objects of national innovation system.


2014 ◽  
Vol 2 (1) ◽  
pp. 84-95
Author(s):  
Leszek Kwieciński

Abstract This article presents the main elements of the creation of the pro-innovation policy as a new public policy. For understanding this kind of policy we should analyse the structural and functional aspects this public policy. The main concept of structural description pro-innovation policy is a National Innovation System. NIS is being analysed as a sub-functional part of the political system as a whole. This sub-functional political system should also have social and institutional connections. Furthermore, pro-innovation activity is connected with the market, state, and social aspects. The pro-innovation policy and system must be based on social endogenous resources, needs, and possibilities. These are the basic factors for legitimisation and participation, which are crucial elements for the effective implementation of the pro-innovation policy.


2018 ◽  
Vol 10 (9) ◽  
pp. 3045 ◽  
Author(s):  
Jianjun Yu ◽  
Dan Zhu

In the supply chain financing (SCF) system composed of a capital-constrained retailer, a supplier and a commercial bank, we design two different limited financing modes (internal financing and external financing) based on the retailer’s collateral assets. A newsvendor-like retailer has a single opportunity to order goods from a supplier to satisfy future uncertain demand. In the presence of bankruptcy risk for the retailer, we model their strategic interaction as a Stackelberg game with the supplier as the leader and analyze the optimal decisions for each participant. Regardless of which financing mode is chosen, the capital-constrained retailer orders fewer goods if the financing cost is relatively high. In addition, when the market demand obeys the uniform distribution, if the retailer possesses more collateral assets, he will enjoy a lower loan interest rate and increase order quantity gradually. Moreover, compared with the internal financing mode, each participant obtains the larger expected profits under the external financing mode.


Author(s):  
M. Yu. Afanasiev ◽  
M. A. Lysenkova

Currently, there is a tendency to evaluate the innovation system at the national level. Qualitative inter-country comparison requires quantitative and qualitative assessment of the factors influencing the innovation activity of the region. The purpose of this work was to justify quantitatively the impact of science and business on the innovation activity of the region. International patent applications are selected as an indicator reflecting the result of innovation activity in the region. Statistical hypothesis testing is carried out in this paper. The dependence between the results of innovation activity and innovation space of the region is confirmed by the methods of econometric modeling. The innovation space of the region is described in the work as a set of potential links between business and organizations that create new knowledge. The study used the official statistics of the regions of such countries as Russia, Switzerland, USA, China and Japan. Estimates of parameters of national and regional innovation systems of the Russian Federation, Switzerland, the USA, China and Japan are received by methods of econometric modeling. It is shown that the assessment of elasticity and technical efficiency of the innovation space of the region indicate the development of the innovation system. In the considered time range it is established that the Pareto-optimality property is possessed by the parameters of innovation systems of Japan, China and Switzerland. Estimates of the technical efficiency of the innovation space for a total of 190 regions according to 2012, a comparative analysis of the countries on the basis of the estimates. The paper provides a rationale for the use of parametric descriptions of national and regional innovation systems. This description can be used for cross-country comparison of the impact of science and business on the results of innovation activity, clustering of national innovation systems.


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