Role of intellectual property as key element of innovation activities: legal grounds

Keywords: intellectual property, intellectual property rights, innovation activities,innovation activity companies (entities), open innovations concept, open innovationplatforms The article determinates that, on the background of a digitaleconomics actively development, the open innovations become a key source of digitalbreakthrough. The author states that within such a concept, the entities carryinginnovation activity, keep focus on monetizing both the internal research results aswell as the external ideas. Such approach, enhanced with external partners involvementinto the innovations process, helps the innovative technologies to move remarkablyfaster through the lifecycle. It is also emphasized that the approach enabling externalaccess to the companies’ innovations, need a concept to be set up, with focus onintellectual property rights protection. The author draws attention that the key roleof legal instruments for intellectual property protection, is to minimize the risk forthose companies which contribute to the innovations market development. It is clarifiedthat within such a concept, the innovation activity companies provide their partnersthe right to use the intellectual assets, which may be either already in use bysuch companies or idle to use. Thus, the companies providing legal protection of theintellectual property, have more favourite conditions to come into a strategic partnership.The author highlights that the innovations-industry companies make profitfrom getting access to science-research and related production outputs which areowned by their partners, as well as from further development of their own productsresulting from the intellectual property under the strategic agreement. The articlealso proposes creation of digital platforms which will facilitate the effective partnershipof the business, state organizations and innovation teams within the developmentprocess of innovation products.

The current state of copyright and intellectual property in the IT field

Fast improvement of the IT field requires relevant safety of intellectual assets rights. The legal protection of laptop applications, software programs and foreign legal practices is a contentious issue. With the rapid development of the IT sector within the international context, the issues of copyright safety, patenting and non-disclosure of personal data have gained urgency. The research methodology involved the use of methods of analysis and synthesis, logical and system - structural analysis, control methods, structural and functional analysis in combination with the method of case study and the method of content analysis. The article comprehensively analyses the modern perspective of intellectual belongings proper and copyright in IT outsourcing. The scope of unconventional challenges in the sphere of copyright safety inside the area of IT sphere are exemplified using the case of Ukraine. The case addresses opportunities to enhance the regulatory framework for copyright safety of experts engaged in IT outsourcing. It is stressed that the existing legal procedures and methods are slower in responding to changes in the field of IT outsourcing than the world's quickest trends in this sphere.

The Corporate Innovation in Europe

In this article we investigate the political and industrial determinants of firm investment in Research and Development. We use data from the European Innovation Scoreboard of the European Commission for 36 countries in the period 2000-2019. We found that firm investments in Research and Development are positively associated with “Linkages”, “Innovation Index”, “International Co-publications”, “Medium and high-tech product exports”, “Non-R&D innovation expenditure”, “Turnover share large enterprises”, “Human Resources”, “Intellectual Assets”. Firm investments in Research and Development are negatively associated to “Foreign doctorate students”, “Knowledge-intensive services exports”, “Private co-funding of public R&D expenditures”, “Basic-school entrepreneurial education and training (SD)”, “New doctorate graduates”, “Trademark applications”, “Tertiary education” “Design applications”, “Lifelong Learning”, “Foreign-controlled enterprises – share of value added (SD)”, “Total Entrepreneurial Activity (TEA) (SD)”.

The SMEs Innovation in Europe

In this article we investigate the determinants of SMEs Innovation in Europe. We use data from the European Innovation Scoreboard of the European Commission in the period 2000-2019 for 36 countries. Data are analyzed through Panel Data with Fixed Effects, Random Effects, Dynamic Panel at 1 Stage and WLS. Results show that the presence of Innovators is positively associated with “Enterprise births”, “Government Procurement of Advanced Technology Products”, “Firm Investments”, “Intellectual Assets”, “Sales Impacts”, “Share High and Medium High-Tech Manufacturing” and negatively associated to “FDI Net Inflows” and “Population Density”.

The Determinants of Design Applications in Europe

In this article we estimate the level of “Design Application” in 37 European Countries in the period 2010-2019. We use data from the European Innovation Scoreboard-EIS of the European Commission. We perform four econometric models i.e., Pooled OLS, Panel Data with Random Effects, Panel Data with Fixed Effects, Dynamic Panel. We found that the level of Design Applications is negatively associated to “Enterprise Births”, “Finance and Support”, “Firm Investments” and positively associated with “Venture Capital”, “Turnover share large enterprises”, “R&D expenditure public sector”, “Intellectual Assets”. In adjunct we perform a cluster analysis with the application of the k-Means algorithm optimized with the Silhouette Coefficient and we found three different clusters. Finally, we confront eight different machine learning algorithms to predict the level of “Design Application” and we found that the Tree Ensemble is the best predictor with a value for the 30% of the dataset analyzed that is expected to decrease in mean of -12,86%.

The Intellectual Assets in Europe

In this article we investigate the determinants of the Intellectual Assets in Europe. We use data from the European Innovation Scoreboard of the European Commission in the period 2000-2019 for 36 countries. Data are analyzed using Panel with Fixed Effects, Random Effects, WLS, Pooled OLS, Dynamic Panel at 1 Stage. Results show that the presence of Intellectual Assets in Europe is positively associated with “Enterprise Births”, “Top R&D Spending Enterprises per 10 mln Population”, “Employment Share Manufacturing”, “Share High and Medium high-tech Manufacturing”, “Attractive Research Systems”, “Finance and Support”, “Innovators”, “Sales Impact” and is negatively associated to “Government Procurement of Advanced Technology Products” and “Share Knowledge-Intensive Services”

EVOLUTION OF ACCOUNTING FOR INTANGIBLE ASSETS AND ITS TRANSFORMATION TO INTERNATIONAL REQUIREMENTS

The evolution of accounting accounts in terms of accounting for intangible assets and related objects is considered in the article, as well as approaches to its construction to accurately reflect these objects in financial and management reporting, taking into account current trends in economic development are improved. The urgency of solving the scientific problem is that now there is a need to develop a new methodology for accounting for intangible assets and related objects. This is due to the significant differences between the book and market values of enterprises, due to the imperfection of the classification of intangible assets and related items, their recognition, measurement, accounting and financial reporting. Methodological means of the research are methods of scientific abstraction, historical, modeling, analysis of the content of normative documents, comparison, grouping, abstract-logical method. It is emphasized that the Global Monitoring of Intangible Finance, which shows the market value of the world’s leading companies, indicates a significant share of the intangible component in the value of companies and their lack of disclosure in accounting. It is noted that special attention should be paid to the reflection of intangible assets and related objects in the Ukrainian Chart of Accounts, which should ensure the unity of the accounting information system of each entity, as well as be the basis for consistency of accounting indicators in the financial reporting, on the basis of which statistical indicators are formed. The study of the history of intangible assets and related objects in the Chart of Accounts, which have been in force since 1959 to date, made it possible to note the changes that have occurred, to identify factors that influenced their evolution, to identify shortcomings in accounting , outline and analyze the current state and assess the development of this category for the future. It is noted that the account on which goodwill is kept has undergone the greatest transformation since 1993. It is noted that the separation of intangible assets for inclusion in the Chart of Accounts is carried out taking into account international, European and Ukrainian standards of expert evaluation and accounting. The necessity of separating a sub-account for accounting directly with software with the introduction of a sub-account for accounting firmware for software devices is substantiated. The need to separate current intangible assets on a separate account is revealed. The need to keep records of internal goodwill is noted, which will allow to identify the strengths of the company during its current activities, as well as to disclose them when selling, if necessary. It is recommended to open analytical accounts for accounting of internal goodwill on which intellectual assets are grouped by their types (human assets, personal internal goodwill of the head, client assets, intangible assets related to contracts, organizational assets, social assets, environmental assets). Keywords: intangible assets (IAS), goodwill, intellectual capital, accounting accounts, financial accounting, management accounting. JEL Classіfіcatіon М40 Formulas: 0; fig.: 2; tabl.: 4; bibl.: 30.

The Broadband Penetration in Europe

In this article we estimate the determinants of broadband penetration in Europe. We use data from the European Innovation Scoreboard of the European Commission for 37 countries in the period 2010-2019. We apply Panel Data with Fixed Effects, Panel Data with Random Effects, WLS, OLS and Dynamic Panel. We found that the level of “Broadband Penetration” in Europe is positively associated to “Enterprises Providing ICT Training”, “Innovative Sales Share”, “Intellectual Assets”, “Knowledge-Intensive Service Exports”, “Turnover Share SMEs”, “Innovation Friendly Environment” and negatively associated with “Government procurement of advanced technology products”, “Sales Impact”, “Firm Investments”, “Opportunity-Driven Entrepreneurship”, “Most Cited Publications”, “Rule of Law”. In adjunct we perform a clusterization with k-Means algorithm optimized with the Silhouette Coefficient and we find the presence of three different clusters. Finally, we apply eight machine learning algorithms to predict the level of “Broadband Penetration” in Europe and we find that the Polynomial Regression algorithm is the best predictor and that the level of the variable is expected to increase of 10,4%.

Intellectual assets in the integrated management of knowledge-intensive enterprises

The article presents the results of the analysis of the innovative development of knowledgeintensive enterprises, systematizes the factors that must be taken into account for the successful management and augmentation of intellectual assets. The priority of the integrated use of organizational and managerial as well as financial and economic tools for managing intellectual property is proved. Also the importance of orientation of science-intensive enterprises to the management of intellectual activity of personnel is determined as well as the commercialization of the results of intellectual activity.

Intellectual Capital Change Management in the Construction Industry—The Case of an Inter-Organisational Collaboration

Nowadays, due to the complexity of the relationships with external entities, along with the importance that traditional media and the innovative social media have in creating competitive advantages, it is necessary for companies to collaborate in order to create Intellectual Capital (IC). Although collaboration is crucial to create IC, there is a paucity in literature regarding the effects that a specific type of collaboration may have on the IC of an organisation, specifically a franchising with a mediatic actor. Moreover, literature addressing IC creation and destruction over time is scarce, especially when applied to the construction industry. This paper’s goal is twofold: understanding the longitudinal changes of a construction SME’s Intellectual Capital, regarding its creation and destruction; analysing the impact that a specific inter-organisational collaboration franchising—with a mediatic actor may have on such IC. A single in-depth case study was conducted, allowing to conclude that the actions of an organisation can develop both Intellectual Assets and Intellectual Liabilities. It was also concluded that inter-organisational collaboration, through a franchise with an actor with experience in communication, can generate, in the long term, positive and innovative effects regarding the different IC components, namely the Relational one. More specifically, the paper allowed to ascertain that an organisation’s IC changes over time in a dynamic fashion, i.e., Intellectual Liabilities which emerged before an innovative collaboration can be transformed into Intellectual Assets and create competitive advantages. This paper contributes to stress the importance of managing IC, not only when it is created, but namely in when it can be destroyed, in a context of inter-organisational collaborations applied to a construction SME.