Comparative Analysis of Innovative Activity of Companies in High-Tech and Low-Tech Sectors

2021 ◽  
Vol 13 (4-2) ◽  
pp. 253-273
Author(s):  
Anton Goryushkin ◽  
Keyword(s):  
Economic Growth ◽  
Manufacturing Industry ◽  
New Technology ◽  
Statistical Significance ◽  
Innovative Activity ◽  
Economic Conditions ◽  
Innovation Activity ◽  
High Tech ◽  
Technological Base ◽  
Innovation Processes

The level of innovation activity has not changed for a large number of years, despite the measures taken by the state. Based on empirical data, the article examines the dynamics of the following components of companies’ innovative activity in high-tech and low-tech sectors of the manufacturing industry: introduction of product and other types of innovations; activities to improve the qualifications of personnel; purchase of licensed foreign technologies and intangible assets. We also tested the statistical significance of differences in the levels of innovation activity of high-tech and low-tech companies in different economic conditions using the t-criterion. The analysis showed a decrease in the share of companies engaged in any kind of innovative activity. During the period of economic growth, both high-tech and low-tech companies made equal use of opportunities to increase innovation activity. It was found that the level of innovation activity among high-tech companies declines to a lesser extent than among low-tech companies during the crisis. In these conditions, high-tech companies are more actively using "internal reserves": they are working more to improve the skill level of staff and implementing innovation processes. During periods of high and low rates of economic growth, high-tech companies often buy new technology, but it does not lead to greater innovation activity; companies are only updating their technological base. During the period of weak economic growth, companies in both sectors continued to reduce their innovative activity in all areas. The resumption of growth trends in innovative activities is possible only when companies see the prospects from the implementation of innovative activities.

In the post-crisis world, did debt and equity markets respond differently to high-tech industries and innovative firms?

2020 ◽  
pp. 026624262094728
Author(s):  
Marc Cowling ◽  
Weixi Liu ◽  
Ning Zhang
Keyword(s):  
Equity Markets ◽  
Point Of View ◽  
Innovative Activity ◽  
Innovation Activity ◽  
High Tech ◽  
High Tech Industry ◽  
General Process ◽  
External Finance ◽  
Innovative Firms ◽  
Industry Sectors

The belief that more general capital constraints are exacerbated and magnified in innovative and technology-based firms has provided justification for policy intervention, across the range of equity and debt-based financial instruments. In this article, we tackle the question as to whether smaller innovative firms, both in and outside of high-tech industry sectors, do indeed face greater constraints when seeking to access capital from external markets. Our results show that both high-tech and innovation are important determinants of the firms’ demand for external finance, but these effects are more pronounced in equity markets than debt markets. On the supply side of capital markets, being in a high-tech industry sector was relatively unimportant from the point of view of financiers. Rather, being involved in innovative activity was associated with a greater incidence of absolute and partial rationing and also in terms of the general process of applying for finance being substantially more difficult. These findings were more acute for firms in high-tech industry sectors that were also engaged in innovative activity. Our findings also suggest that policy makers need greater clarity and nuance when developing policy responses around high-tech and broader innovation activity which, although they have significant overlap, should not be conflated.

scholarly journals Substantiation of Conditions and Factors for Reducing Regional Differentiation of Innovative Activity

2020 ◽  
pp. 65-76
Author(s):  
Maxim Osovin ◽  
Keyword(s):  
Russian Federation ◽  
Innovation Policy ◽  
Patent Application ◽  
Innovative Activity ◽  
Sustainable Growth ◽  
Innovation Activity ◽  
Regional Differentiation ◽  
High Tech ◽  
Production Chain ◽  
The Russian Federation

A comparative analysis of innovation activity in the Russian Federation and EU countries is carried out. The comparison revealed that modern innovation policy should be aimed not only at increasing labor productivity, but also at solving social problems related to ensuring food security, environmental protection and improving the quality of life of the population. Maintaining a balance between the demand for digital technology and the supply of high-tech products on the market is a basic element in the transition to a new stage of scientific and technological structure. Factors that negatively affect the development and implementation of technological, organizational and marketing innovations are identified. It is shown that the synchronization of the chain of implementation of all newly created or improved technologies ensuring the continuity of the innovation cycle requires the combined efforts of all subjects of innovation. The level of diffusion of innovative activity in federal districts of the Russian Federation is estimated. It is concluded that there is a significant differentiation of regional and sectoral intensity of innovative development. It is substantiated that in order to reduce regional differentiation when introducing advanced practices into the production process, one should take into account the type of innovative activity. According to the attractiveness for investment, digital economy instruments are divided into three categories that characterize one or another stage of their life cycle: maturity, sustainable growth, and a breakthrough trend. It was revealed that the further massive penetration of technological innovations into all links of the production chain should clearly follow the global trends of production digitalization, where the key factor for the success of innovation-oriented companies is the search for the most promising investment projects at the stage of filing a patent application. Based on the analysis, recommendations were developed to stimulate innovative susceptibility in the regions of Russia.

scholarly journals Innovative activity as a determinant of competitiveness of industrial enterprise

2020 ◽  
pp. 5-9
Author(s):  
Nataliia DASHCHENKO
Keyword(s):  
Business Models ◽  
Point Of View ◽  
Innovative Activity ◽  
Added Value ◽  
Innovation Activity ◽  
High Tech ◽  
Export Credit ◽  
The European Union ◽  
Industrial Enterprises ◽  
Production Technologies

The article deals with the dependence of the competitiveness of industrial enterprises on the level of innovation activity. The essence and main characteristics of the competitive advantages of the enterprise from the point of view of innovative activity in the course of innovative activity are highlighted. One of the factors that can increase the competitiveness of business is the active use of innovative production technologies, which will ensure a continuous improvement of scientific, technical, industrial, financial and social activities in the context of changes in the institutional environment. The results of analytical research of priority sectors of Ukrainian economy from the point of view of innovative activity are presented. With the transition of the economy to the next technological institution, it is worth talking about the change of priority industries in the structure of industry - from low-processing with low added value to innovative high-tech and high-margin. As the first Ukrainian Business Innovation Index showed, only some companies are ready to invest in innovation and have a strategic vision. According to research, most companies are still not ready and do not plan to make fundamental changes in their business models in the near future. Innovation is limited to the introduction of new production technologies, automation of tasks, training of staff new skills, changing approach to marketing and communications. The necessity of systematic support of innovative activity is substantiated, the basic directions of optimization of structure of economy of Ukraine are allocated. The European vector of Ukraine gives a good chance to digitize the processes. In particular, for state-owned companies in areas such as energy and oil and gas, the prospect of digitalization has become the prospect of entering the European Union. However, without major changes to the regulatory system, government priorities, and extensive government-business cooperation, no real major changes can be expected. The issue is not only in the tax field or subsidization, but also in education, digital skills of the population. The necessity of updating the issue of development of high-tech sectors of the economy has been proved, which will increase the competitiveness of industrial enterprises. Given the trends identified, it is appropriate to emphasize the need to take concrete actions to change the structure of the economy, to increase exports of high-tech products, the creation of export-credit agencies, industrial parks.

scholarly journals PROBLEMS OF STATE REGULATION OF INNOVATIVE ACTIVITY IN CONSTRUCTION

2020 ◽  
Author(s):  
Tetiana Zaiats ◽  
Keyword(s):  
Innovation Policy ◽  
State Regulation ◽  
Innovative Activity ◽  
Information Modeling ◽  
Innovation Activity ◽  
High Tech ◽  
Innovative Development ◽  
Resource Saving ◽  
Development Organization ◽  
State Management

The article identifies the problems of state regulation of innovation in construction and substantiates the main directions of improving its efficiency. The Bloomberg Innovation Index was used to assess the general state of innovation in Ukraine. Dynamic analysis of Ukraine's position in the ranking of the Bloomberg Innovation Index as a whole and by individual sub-indices of 2018–2020 revealed such problems as the reduction of production of high-tech goods, labor productivity, intensity of research and development. The study of innovation management was performed using a situational approach. It is established that the state regulation of innovation is mainly based on the methods of indirect influence. It is emphasized that in the conditions of economic crisis it is expedient to prefer methods of direct state regulation. The analysis revealed a range of problems related to forecasting and programming of innovation development, organization and coordination of relevant bodies in the implementation of innovation policy, regulation, financial and investment support for innovation, insufficient stimulation of demand for innovative products, unsatisfactory state of protection of intellectual property rights. The problems of state management of innovation activity are specified. The imbalance of the branch, national and regional programs of innovative development coordinating was revealed. Problems and directions of development of infrastructure of innovative activity are defined. Perspective directions of technological renewal of construction are defined, in particular development of resource-saving, energy-efficient technologies, introduction of Building Information Modeling technologies. The organization of public and private mortgage funds is offered, which will allow to receive financial resources at a low interest rate. It is established that the underdevelopment of the financial market of Ukraine most slows down the solution of problems of financing innovative activities in construction through the attraction of credit, venture capital, state budget funds for innovative development of the construction sector.

FINANCIAL FACTORS TO STIMULATE INNOVATION ADOPTION AT INDUSTRIAL ENTERPRISES

2017 ◽  
Author(s):  
Kateryna Ovsiienko ◽  
◽  
Artur Ovsiienko ◽  
◽  
Keyword(s):  
Innovation Process ◽  
Innovation Adoption ◽  
Innovative Activity ◽  
Innovation Activity ◽  
High Tech ◽  
Situational Analysis ◽  
State Budget ◽  
Factors Affecting ◽  
Industrial Enterprises ◽  
Funding Sources

Modern industrial enterprises play a crucial role in providing the innovation process of the national economy. They are the suppliers of high-tech products that affect the economic growth of various sectors of the economy. Despite the fact that the issue of innovative activity intensification of modern enterprises is quite actively covered by scientists, the process of innovation adoption at industrial enterprises remains insufficiently studied. Therefore, there is a need to identify the main factors of innovation adoption at industrial enterprises of Ukraine. In addition, it is important to determine the role of different funding sources for stimulating innovation adoption. The purpose of the article is to substantiate the place of financial resources in the set of innovation adoption stimulating factors and to determine the optimal structure of funding sources for industrial enterprises innovation activity. The article examines the approaches of modern scientists to the interpretation the concept of "adopted innovation" essence. The place of the innovation adoption in the innovation process is determined: it is an intermediate link between the created R&D and the commercialized one. It is determined that the innovation implementation at an enterprise depends on such aspects as: human resources, market, novations, and finance. It is noted that these aspects generate internal and external factors affecting the innovation adoption. The importance of different funding sources for stimulating innovation adoption is substantiated. Based on the data for 2000–2019, a vector autoregression model (VAR) of the new machines and equipment adoption dynamics at industrial enterprises of Ukraine under the influence of various funding sources was built. With the help of VAR-model and situational analysis it is determined that in order to maximize the number of new machines and equipment adoption at the industrial enterprises of Ukraine in the funding structure of innovative activity the predominant share should be occupied by own resources of industrial enterprises and state budget funds.

THEORETICAL APPROACHES TO THE STUDY OF ENGINEERING INNOVATIONS

2021 ◽  
Vol 1 (1) ◽  
pp. 4-8
Author(s):  
O. I. ZHITYAEVA ◽  
Keyword(s):  
Industrial Sector ◽  
Enterprise Management ◽  
Innovation Activity ◽  
High Tech ◽  
Industrial Countries ◽  
Industrial Enterprises ◽  
Technological Gap ◽  
Theoretical Approaches ◽  
Theoretical Issues ◽  
Innovation Processes

The increased attention to the theoretical issues of activation of innovation processes in the industrial sector is caused by various factors of influence, and primarily by the elimination of the technological gap between Russia and developed foreign industrial countries. To solve this problem, the author suggests focusing the priorities of innovation activity on the activation of high-tech industries. It is shown that domestic enterprises have come close to intensifying the search, development and implementation of the latest technologies, and activation of innovative activities. According to the author, the innovative activity of industrial enterprises primarily depends on the structure of production, enterprise management and organization of innovative activities.

scholarly journals ANALYSIS OF THE COMPETITIVENESS OF PRODUCTS OF HIGH-TECH SECTOR OF THE MANUFACTURING INDUSTRY OF THE RUSSIAN FEDERATION IN DOMESTIC AND FOREIGN MARKETS

2021 ◽  
Vol 230 (4) ◽  
pp. 196-203
Author(s):  
P.V. TRIFONOV ◽  
Keyword(s):  
Russian Federation ◽  
Manufacturing Industry ◽  
Industrial Sector ◽  
Innovation Activity ◽  
High Tech ◽  
Foreign Markets ◽  
High Tech Sector ◽  
Functional Activities ◽  
Development Institutions ◽  
The Russian Federation

The paper provides an assessment of the innovative potential of the high-tech industry sector of the Russian Federation. A comparative analysis of the innovation activity of the industrial sector of the Russian Federation and other countries is carried out. The factors influencing the development of innovative activity of high-tech sector of the manufacturing industry are determined. The dynamics of the indicators of the foreign trade balance of the manufacturing industry of the Russian Federation are also evaluated. As a conclusion, recommendations are given on improving the functional activities of the Development Institutions, as responsible entities for achieving the goals of innovative development of the state.

scholarly journals Development of High-Tech Industries: Foreign Experience

2020 ◽  
Vol 220 ◽  
pp. 01009
Author(s):  
Vitaly Makoveev ◽  
Liliya Mukhametova
Keyword(s):  
Developing Countries ◽  
Manufacturing Industry ◽  
Energy Sector ◽  
Machine Building ◽  
High Tech ◽  
Foreign Experience ◽  
Industrial Enterprises ◽  
Innovation Processes ◽  
Stimulation Of

Sustainable long-term development of the energy sector is impossible without a developed manufacturing industry and especially machine-building enterprises. The article considers the experience of developed and developing countries in the field of support and stimulation of innovative processes in industrial enterprises. It is concluded that one of the main roles in the activation of innovation processes in industry is played by state authorities and management.

scholarly journals Innovation Activity: Localization, New Trends and Assessment Methods

2020 ◽  
Vol 31 (2) ◽  
pp. 134-144
Author(s):  
Aslanbek Amrin ◽  
Nailya Nurlanova
Keyword(s):  
Industrial Development ◽  
Rating Scale ◽  
Negative Impact ◽  
Regional Growth ◽  
Rate Of Change ◽  
Innovative Activity ◽  
Innovation Activity ◽  
High Tech ◽  
Local Concentration ◽  
High Level

The purpose of this article is to identify trends and spatial features of the formation of "growth points" in Kazakhstan, based on characteristics of localization and concentration of innovative activity. The main attention in the article is given to the assessment of the various levels of industrial development and innovative activity of Kazakhstan regions, taking into account territorial features and the main directions of industrial development. The article discusses the basic concepts that explain the patterns of regional growth, the localization of high-tech industries and innovative activity, as well as methods for assessing them. Index and coefficient methods, ranking methods, grouping and rating methods were used for the analysis. To assess the innovative activity of regions, a modified rating scale was used, and a modified Krugman concentration index was proposed and used to assess the concentration of innovative activity. We have used relative indicators calculated on the basis of national statistics on science and innovations in Kazakhstan to build the ratings. The assessment of parameters of localization of scientific potential and innovative activity in Kazakhstan regions is carried out. The regions were ranked and the aggregated rating score for the regions was calculated. A typology of the regions of Kazakhstan was developed according to the level of innovation activity, four types of zones of localization of innovation activity were identified: high level (A), medium level (B), low level (C), unsatisfactory level (D). To characterize the local concentration of production of innovative products in Kazakhstan, modified Krugman concentration indices are calculated. The established zones (centers) of localization of innovative activity were identified, and it was concluded that they do not yet have a large impact on industrial development of the country as a whole. In general, positive trends in the growth of indicators of innovative activity and technological progress are observed throughout the country. Nevertheless, the rate of change remains extremely low, which indicates the uneven development of innovations in regions, as well as their territorial and industrial isolation, which has a negative impact on the speed of development of the technological process in the country.

scholarly journals Forecasting business innovative activity using indicators of innovative potential of personnel

2021 ◽  
Vol 2021 (3) ◽  
pp. 67-76
Author(s):  
Nataliya Anatolievna Yarushkina ◽  
Eleonora Grigorievna Matyugina
Keyword(s):  
Linear Trend ◽  
Statistical Significance ◽  
Economic Effect ◽  
Innovative Activity ◽  
Innovation Activity ◽  
Quality Level ◽  
Managerial Decisions ◽  
Innovative Potential ◽  
Purposeful Activity ◽  
Number Of Authors

The article highlights the results of studying and forecasting the innovative potential of personnel, which, when a number of conditions are met, is embodied in innovative activity characterized by the rates of rationalization efforts. Russian Railways, JSC is one of the first companies to develop a regulatory framework arranging the innovative activities and relations arising in the course of development and use of rationalization proposals, as well as formalizing the innovative activities of personnel, whose activity served as a factual basis of the research. There have been emphasized the significant components of the employees’ innovation activity, the development of which is the prerogative of the company. The purposeful activity of Russian Railways, JSC in training the employees for inclusion in the process of generating proposals was noted. The dynamics of the innovative proposals and their authors is analyzed. The change in the obtained economic effect per one innovative proposal has been investigated. Modeling the dependence of the used rationalization proposals on the number of authors who submitted proposals has been carried out. The assessment of the accuracy and adequacy of the constructed regression equation is given, the absence of cointegration of the considered time series is shown, which gives grounds to use the constructed model of dependence of indicators of the innovative potential of the company’s personnel for making forecasts. Point and interval forecasting of the factor attribute of the predictive model of the number of authors who submitted rationalization proposals was performed using the linear trend equation, the quality level of which as a whole, as well as the statistical significance of the equation parameters were assessed using Fisherʼs F-test and Studentʼs t-test. There has been proved the significance of forecasting the indicators of rationalization activity as indicators of the innovative activity of personnel in making managerial decisions by the company in relation to its intensification is shown; substantiated the need to take into account the structural and infrastructural components in the construction of predictive models.

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