Methodology for assessing the impact of the financial mechanism of regulating innovative activity on the innovative behavior of organizations

Authors

Keywords:

innovation, financial mechanism, financial policy, tax policy, innovation activity, financial incentives

Abstract

A new method for assessing the impact of the financial regulatory mechanism on the organization is proposed. Therefore, in this study, the subject is not the effectiveness of incentives or the effect of innovation, but the innovative behavior of an organization depending on the current financial policy for regulating innovation activity. A methodology is proposed and tested, which, based on the calculation of the three indices and tracking their changes over time, allows one to assess how favorable the current financial policy is for the innovation activities of individual organizations.

Author Biography

  • Natallia P. Klimova, Francisk Skorina Gomel State University, 104 Savetskaja Street, Homiel 246019, Belarus

    postgraduate student at the department of finance and credit, faculty of economics

References

  1. Ivanova NI, Dezhina IG, Fedorchenko AV, Glazova ES, Stepanova MP, Danilin IV, et al. Nalogovoe stimulirovanie innovatsionnykh protsessov [Tax incentives for innovation processes]. Ivanova NI, editor. Moscow: Primakov National Research Institute of World Economy and International Relations, Russian Academy of Sciences; 2009. 160 p. Russian.
  2. Kalacheva OS. Razvitie metodov nalogovogo stimulirovaniya innovatsionnoi deyatel’nosti v Rossii [Development of tax incentive methods for innovative activity in Russia; dissertation]. Volgograd: Volgograd State University; 2012. 28 p. Russian.
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  6. Shumilin AG. Formirovanie gosudarstvennoi sistemy innovatsionnogo razvitiya Respubliki Belarus’ [Formation of the state system of innovative development of the Republic of Belarus; dissertation]. Minsk: Academy of Public Administration under the President of the Republic of Belarus; 2016. 56 p. Russian.

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Published

2020-09-12

Issue

No. 1 (2020): Journal of the Belarusian State University. Economics

Section

G. Financial Economics

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How to Cite

[1]
Klimova, N.P. 2020. Methodology for assessing the impact of the financial mechanism of regulating innovative activity on the innovative behavior of organizations. Journal of the Belarusian State University. Economics. 1 (Sep. 2020), 67–77.