Sources and Sociology Concerns of Financing the Innovation Activities in Russia
DOI:
https://doi.org/10.6000/1929-4409.2021.10.56Keywords:
Innovation, finance, sociology, the education system.Abstract
The innovation abilities of an enterprise and the feasibility of an innovative project always depend on financing. We can say that the main issue is the assessment of funds required for the implementation of an innovation and the analysis of their possible sources. In this paper, different mechanisms of financing and allocation of financial resources and their impact on innovative performance were examined. In general, financing sources of the institutes in different countries have adopted different mechanisms to provide and allocate resources from the range of public funding to private financing. But the amount varies from country to country so that in European institutions most government funding and the United States, private financing is the predominant form of financing. Some governments subsidize the supply side (higher education institutions), some on the demand side (customers), and some on both sides of the higher education services market. In general, negotiation-based and formula-based allocation, personnel-based allocation, student-based allocation, per capita cost, priority-based, and performance-based allocation are among the mechanisms used in this regard. The results of this article showed that the mechanisms of allocating and allocating resources in higher education play the role of policy-making and guiding the behavior of actors and can affect the performance of universities and institutions of higher education at the macro and micro level (individual). In the area of funding, graduates should contribute to the financing of universities, and in the area of allocation, performance-based allocation mechanisms should be used to achieve greater efficiency, accessibility, and equity.
References
Borrás, S., Edquist, C. (2019). Holistic Innovation Policy: Theoretical Foundations, Policy Problems, and Instrument Choices. Oxford University Press. https://doi.org/10.1093/oso/9780198809807.001.0001 DOI: https://doi.org/10.1093/oso/9780198809807.001.0001
Budovich, L., (2019). Special aspects of innovative product development by knowledge-intensive businesses in the current economic conditions. International Journal of Innovative Technology and Exploring Engineering, 8(12), p. 2053-2055 https://doi.org/10.35940/ijitee.L3255.1081219 DOI: https://doi.org/10.35940/ijitee.L3255.1081219
Caplinska, A., &Ohotina, A. (2019). Analysis of financial literacy tendencies with young people. Entrepreneurship and Sustainability Issues, 6(4), 6. https://doi.org/10.9770/jesi.2019.6.4(13) DOI: https://doi.org/10.9770/jesi.2019.6.4(13)
Frolova, I. I., Nosov, V. V., Zavyalova, N. B., Dorofeev, A. E., Vorozheykina, T. M., & Petrova, L. I. (2020). Labor opportunism as a blocking factor for the innovative development of industrial enterprises. Entrepreneurship and Sustainability Issues, 7(3), 2228-2242. https://doi.org/10.9770/jesi.2020.7.3(51) DOI: https://doi.org/10.9770/jesi.2020.7.3(51)
Grilli, L., Mazzucato, M., Meoli, M., &Scellato, G. (2018). Sowing the seeds of the future: Policies for financing tomorrow's innovations. Technological Forecasting and Social Change, 127, 1-7. https://doi.org/10.1016/j.techfore.2017.10.021 DOI: https://doi.org/10.1016/j.techfore.2017.10.021
Hilorme, T., Zamazii, O., Judina, O., Korolenko, R., &Melnikova, Y. (2019). Formation of risk mitigating strategies for the implementation of projects of energy saving technologies. Academy of Strategic Management Journal, 18(3), 1-6.
Näyhä, A. (2020). Finnish forest-based companies in transition to the circular bioeconomy-drivers, organizational resources and innovations. Forest Policy and Economics, 110, 101936. https://doi.org/10.1016/j.forpol.2019.05.022 DOI: https://doi.org/10.1016/j.forpol.2019.05.022
NaumovaYu.A., Gordeeva I.V. (2019). Analysis of mathematical models for description of the fractional composition of disperse elastic fillers. Russian Technological Journal.7(5):62-78. (In Russ.) https://doi.org/10.32362/2500-316X-2019-7-5-62-78 DOI: https://doi.org/10.32362/2500-316X-2019-7-5-62-78
NikolaevaO.Yu. (2019).Review of modern tools for financial support of innovative activities. Economic sciences, 2020, 2, p. 23-25.
Strielkowski, W., Kalyugina, S., &Mukhoryanova, O. (2019). Managing Human Potential and Youth Social Entrepreneurship in Peripheral Regions. Management Research & Practice, 11(3).
Souto, J.E. (2012). Innovation, Entrepreneurship and Technology-based Companies in Spain: Critical Factors and Impact on the Competitiveness of the Economy. Netbiblo, Spain
Tkachenko, V., Kuzior, A., &Kwilinski, (2014). A. Introduction of artificial intelligence tools into the training methods of entrepreneurship activities. Journal of Entrepreneurship Education, 22(6), 1-10.
Urinov, B. N. (2020). Theoretical Aspects Of Organizational Behavior And Corporate Culture. Economics and Innovative Technologies, 2020(2), 15-22.
Yan, Q., Amama, S., and T. Rajesh. (2014). Environmental and Social Disclosures: Link with Corporate Financial Performance. The British Accounting Review, Vol. 48, No. 1, Pp. 102-116. https://doi.org/10.1016/j.bar.2014.10.007 DOI: https://doi.org/10.1016/j.bar.2014.10.007
Yankovskaya, V.V., Osipov, V.S., Zeldner, A.G., Panova, T.V. and Mishchenko, V.V. (2020), "Institutional matrix of social management in region's economy: stability and sustainability vs innovations and digitalization", International Journal of Sociology and Social Policy, Vol. 4, 34-56. https://doi.org/10.1108/IJSSP-03-2020-0088 DOI: https://doi.org/10.1108/IJSSP-03-2020-0088
Downloads
Published
How to Cite
Issue
Section
License
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
Policy for Journals/Articles with Open Access
Authors who publish with this journal agree to the following terms:
- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
- Authors are permitted and encouraged to post links to their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work
Policy for Journals / Manuscript with Paid Access
Authors who publish with this journal agree to the following terms:
- Publisher retain copyright .
- Authors are permitted and encouraged to post links to their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work .
