scholarly journals EVALUATION OF IMPACT OF INNOVATIVE PROJECTS ON MARKET CAPITALIZATION OF COMPANIES: APPROACHES AND INDICATORS

2020 ◽  
Vol 3 (33) ◽  
pp. 41-46
Author(s):  
N.E. Simionova ◽  
Keyword(s):  
Innovation Management ◽  
Cash Flows ◽  
Subject Area ◽  
Innovation Activity ◽  
Discounted Cash Flow ◽  
Resource Potential ◽  
Market Capitalization ◽  
Integral Effect ◽  
Enterprise Innovation

The growth of innovative activity of enterprises is a problem of the modern economy. Effective enterprise innovation management must ensure long-term competitive advantage and financial sustainability. This requires the search tools capable of updating the resource potential of the enterprise. Research shows that project management is such a tool. With organizational isolation, a defined budget, established goals, the project provides intensive and targeted changes to the subject area, as well as the ability to assess the effectiveness of innovation. The author proposes a system that reflects not only current, but also promising indicators for each type of effect. In particular, economic efficiency includes not only indicators traditionally used to evaluate projects, but also indicators such as growth of client capital, profitability of costs for commercialization of innovations and others. The article provides indicators for other types of effects of the innovative project. Turning to the problem of assessing the integral effect of innovation, the author concluded that the most approaches is based on the generalization by various methods of indicators reflecting private types of efficiency. The author proposes to consider as an integral indicator the growth of market capitalization of business. The indicator can characterize the influence on the results of innovation of factors of the external environment, their dynamics. For calculate the indicator, it is proposed to use the discounted cash flow method, which can reflect the instability of cash flows during the period of innovation activity. Additionally, by applying the method of accumulation of assets, it is possible to establish growth or reduction of market capitalization due to change of the property complex of the enterprise.

scholarly journals Specifics of Management of Enterprise Innovation Activities in the Czech Republic – The Decision-Making Mechanism

2018 ◽  
Vol 26 (3) ◽  
pp. 137-142
Author(s):  
Jindra Peterková ◽  
Jiří Franek
Keyword(s):  
Decision Making ◽  
New Technologies ◽  
Innovation Management ◽  
Analytic Hierarchy ◽  
The Czech Republic ◽  
Innovation Activities ◽  
Enterprise Innovation ◽  
Technical Solutions ◽  
Hierarchy Process

Abstract The majority of Czech managers are aware that the long-term competitiveness of the company depends primarily on the use of innovative technical solutions and investments in new technologies. Despite awareness of the importance of innovation, many companies do not know how to manage, implement, and evaluate them. Empirical research showed that most innovation firms implement, but do not systematically manage the implementation of innovative projects and the allocation of funds. There is a contradiction between companies’ ability to orientate themselves in the approaches available in the area of innovation management and the existence of a large number of approaches that can be used to address a particular type of innovation problem. A set of innovation concepts has been created to solve those challenges. Practical steps of the decision-making mechanism for selecting innovation concepts have been proposed. The decision-making mechanism is based on the analytic hierarchy process (AHP) and serves primarily for managers of medium and large enterprises.

scholarly journals INNOVATIVE ACTIVITY IN THE MANAGEMENT SYSTEM OF ENERGY SERVICE ENTERPRISES

2019 ◽  
pp. 79-86
Author(s):  
Stepan Barna
Keyword(s):  
Management System ◽  
Innovation Management ◽  
Innovation System ◽  
Innovation Activity ◽  
Activity Increase ◽  
Innovation Potential ◽  
Energy Service ◽  
Enterprise Innovation ◽  
Planning Development ◽  
Innovation Processes

Introduction. The phenomenon of innovations and innovative system reflects the dynamics of society, covers all spheres of life, and carries a benchmark for the future. The essence of this phenomenon requires thorough research from the standpoint of philosophical, scientific, technical, economic and socio-cultural aspects. Based on the growing powerful legal framework, the leading role of innovation activity for the state as a whole and for individual enterprises emerges, and the need for enhancing innovation activity, enhancing innovation potential and systematic targeted planning, development, implementation and use of innovations is evident. Methods. The method of comparison was used to identify differences between the innovation processes of developed and developing countries; generalization - to define the general concept and understanding of the principles of functioning of the subjects of the innovation process; abstraction - to identify the most relevant links for innovative business development. Results. The study suggests that the solution to the problems of forming an effective enterprise management innovation system that meets the goals of their innovation strategy depends on the use of progressive methods and approaches, adequate elements of models of innovation processes of modern generations, as well as meets the conditions of informatization and digitization of the economy. Discussion. Scientists are faced with the need to develop a number of provisions that broaden the understanding of the development of enterprise innovation management system, concentrating the need to increase innovation activity, increase innovation potential and carry out systematic targeted planning, development, implementation and use of innovation; substantiation of the feasibility of applying a systematic approach to innovation management; formation of the content and structure of the model of enterprise innovation management system. Keywords: European standards, innovations, management, energy service enterprises.

scholarly journals Environmental Taxes and Innovation in Chinese Textile Enterprises: Influence of Mediating Effects and Heterogeneous Factors

2021 ◽  
Vol 13 (8) ◽  
pp. 4561
Author(s):  
Yabin Yu ◽  
Hua Cheng
Keyword(s):  
Capital Investment ◽  
Economic Behavior ◽  
Property Right ◽  
Environmental Taxes ◽  
Innovation Activity ◽  
Environmental Tax ◽  
Capital Input ◽  
Innovation Activities ◽  
Enterprise Innovation ◽  
Innovation Capital

Climate change and environmental conditions call for more attention to be paid to eco-friendly economic behavior. As a market-oriented environmental regulation, environmental tax can stimulate and guide enterprises’ environmental innovation in a neutral way. However, what elements connect the environmental tax and enterprise innovation activity together? Are all the enterprises’ innovation activities affected by the environmental tax in the same way? To answer the questions, the study uses the data of Chinese textile listed companies between 2004 and 2018 to explore the intermediary role of manpower and capital investment in the innovation chain and further analyze the influence of the heterogeneous factors such as property right, segmented industry, and region. The results show that the environmental tax can effectively promote the innovation capital input of Chinese textile enterprises, and the innovation manpower input plays a partial mediation role. At the same time, environmental tax can effectively promote the innovation performance output of Chinese textile enterprises, and innovation capital input plays a complete mediation role. In addition, heterogeneous factors such as property right, segmented industry and region will affect the relation of environmental tax to innovation input and output quality and greenness to varying degrees. The study makes a profound analysis of the relation of environmental tax on Chinese textile enterprises innovation by using the microdata at the enterprise level, providing a more targeted reference for making policies in the future.

Where Did All the Dollars Go? The Effect of Cash Flows on Capital and Asset Structure

2011 ◽  
Vol 46 (5) ◽  
pp. 1259-1294 ◽  
Author(s):  
Sudipto Dasgupta ◽  
Thomas H. Noe ◽  
Zhen Wang
Keyword(s):  
Cash Flow ◽  
Economic Effect ◽  
Balance Sheet ◽  
Cash Flows ◽  
Long Run ◽  
Goods Market ◽  
Short Run ◽  
Debt Market ◽  
Short And Long Term

AbstractThis paper documents the short- and long-term balance sheet effect of cash flows. We show that cash savings in the short run and debt reduction in both the short and the long run account for a substantial fraction of cash flow use. Although, in the long run, investment exhibits substantial sensitivity to cash flows, investment does not absorb the entire cash flow shock. In fact, the tighter the financial constraints, the smaller the fraction of cash flow absorbed by investment and the more by leverage reduction. Firms stage their response to increases in cash flow, delaying investment while building up cash stocks and reducing leverage. These results suggest that much of the short-run economic effect of cash flow shocks to the corporate sector may be channeled into the corporate debt market rather than the capital goods market, especially when financing constraints tighten.

scholarly journals Financial optimisation of the scheduling for the multi-stage project

2017 ◽  
Vol 65 (6) ◽  
pp. 899-908
Author(s):  
M. Klimek ◽  
P. Łebkowski
Keyword(s):  
Simulated Annealing ◽  
Cash Flow ◽  
Project Scheduling ◽  
Simulated Annealing Algorithm ◽  
Cash Flows ◽  
Standard Test ◽  
Resource Constrained ◽  
Discounted Cash Flow ◽  
Multi Stage ◽  
Annealing Algorithm

AbstractThe paper analyses the problem of discounted cash flow maximising for the resource-constrained project scheduling from the project contractor’s perspective. Financial optimisation for the multi-stage project is considered. Cash outflows are the contactor’s expenses related to activity execution. Cash inflows are the client’s payments for the completed milestones. To solve the problem, the procedure of backward scheduling taking into account contractual milestones is proposed. The effectiveness of this procedure, as used to generate solutions for the simulated annealing algorithm, is verified with use of standard test instances with additionally defined cash flows and contractual milestones.

Twiga Hosting Ltd – providing affordable information and communication technologies services to small and medium enterprises

2011 ◽  
Vol 1 (4) ◽  
pp. 1-16
Author(s):  
Juma James Masele
Keyword(s):  
Information And Communication Technologies ◽  
Undergraduate Students ◽  
Success Factors ◽  
Small And Medium Enterprises ◽  
Innovation Management ◽  
Communication Technologies ◽  
Subject Area ◽  
Content Type ◽  
Information And Communication ◽  
Medium Enterprises

TitleTwiga Hosting Ltd – providing affordable information and communication technologies services to small and medium enterprises.Subject areaThe case describes the launch of Twiga Hosting Ltd, a company providing information and communication technology (ICT) services to the underserved small and medium enterprise (SME) sector in Tanzania and in a many countries in Africa.Study level/applicabilityThis case targets a range of audience from undergraduate students taking both Bachelor of Commerce and those taking Bachelor of Business Administration; and Postgraduate students taking business‐related courses. Nonetheless, the case may be used by all other learners of advanced studies in entrepreneurship and innovation management.Case overviewThe case addresses a number of issues including: Issues to be considered when starting an ICT enterprise. Strategic management. Business revenue models.Expected learning outcomes To impart/inculcate entrepreneurial insights in ICT and related areas. To make learners aware of the business growth opportunities in ICT ventures. The success factors for fruitful ICT ventures. To enable learners to identify challenges facing entrepreneurs in ICT ventures and the ways to overcome them.Supplementary materialsTeaching notes.

SOCIO-ECONOMIC ESSENCE AND CONTENT OF THE CATEGORIES «INNOVATION PROCESS» AND «INNOVATIVE ACTIVITY» (QUESTIONS OF THEORY AND METHODOLOGY)

2021 ◽  
Vol 1 (181) ◽  
pp. 28-38
Author(s):  
A.A Stepanov ◽  
◽  
M.V. Savina ◽  
I.A Stepanov ◽  
◽  
...  
Keyword(s):  
Critical Analysis ◽  
Innovation Management ◽  
Innovation Process ◽  
Digital Transformation ◽  
Innovative Activity ◽  
Innovation Activity ◽  
Economic Paradigm ◽  
Points Of View ◽  
The Moment ◽  
Functional Process

Based on a critical analysis of the authors’ various points of view on the content of the concepts of “innovation process” and “innovation activity” from the standpoint of modern concepts of innovation management in the era of information and digital transformation, the features of interrelated categories of the innovation process and innovation activity reflecting transformational changes in the moment are clarified and disclosed and the perspective of an innovative economic paradigm and perceived through the specifics and features of functional process-activity metamorphoses.

MERGE OF THE TECHNİCAL ANALYSİS TYPES GİVES THE BEST RESULTS İN CRYPTOCURRENCY MARKET

2021 ◽  
Vol 6 (14) ◽  
pp. 89-97
Author(s):  
MUSTAFA ÖZYEŞİL ◽  
MOHAMMAD AL-TARIFI
Keyword(s):  
Supply And Demand ◽  
Investment Strategy ◽  
Proof Of Concept ◽  
Market Capitalization ◽  
Long Run ◽  
Peer Network ◽  
Tangible Asset ◽  
The Relationship ◽  
Peer To Peer Network

Cryptocurrencies are a modern kind of financial instrument (Hudson & Urquhart, 2019), the first cryptocurrency is Bitcoin , proposed by who called Satoushi Nakamato (2008), as The open source was created on the proof-of-concept principle that transactions can be securely treated on a decentralized peer to peer network without the need for a central clearinghouse, which appeared 2009 ( Heid, 2013). The success of the bitcoin blazes a trail to what called ‘Altcoin” this expression means all the cryptocurrencies that set in motion after the victory of the bitcoin, these coins sell themselves as the best alternatives for the bitcoin (FRANKENFIELD, 2020) . There are many types for the altcoin. The third type of the cryptocurrency is called Tokens Unlike Bitcoin and Altcoins, tokens are not able to activate independently and are dependent on the grid of another cryptocurrency. That means they do not have their own core DLT or blockchain, but instead, are built on top of an existing cryptocurrency’s blockchain (Types of cryptocurrencies: explaining the major types of cryptos, 2019). The worth of bitcoin doesn’t depend on any tangible asset or economies of the countries while it is based upon the security of an algorithm which traces all transactions (Hudson & Urquhart, 2019). The studies determine the number of the bitcoin price development in the long -run (Ciaian, Rajcaniova, & Kancs, 2018): • Market forces of the Bitcoin supply and demand • The bitcoin’s attractiveness for the investors • The influence of global macro-financial developments If you're forming an investment strategy designed to help you trail long-term financial intentions, understanding the relationship between company size, return potential, and risk is vital. (Market cap—or market capitalization—refers to the total value of all a company's shares of stock, 2017) .Hence , Manifested importance a cryptocurrency’s market capitalization as the total values of all coins currently in circulation. the cryptocurrency’s market cap contains what’s called Bitcoin Dominance that is the ratio between the market cap of bitcoin to other coins of the cryptocurrency markets (jacobcanfield, 2019) . Cryptocurrency trade is attractive type of investment. this market treated the same of the foreign exchange and stock market ( Radityo, Munajat, & Budi, 2017). The investors using the same basic in investment (buy low, sell high) but they need to calculating the risks

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