Analytical Methods to Assess Financial Capacity in Face of Innovation Projects Risks

Abstract

This paper aims to analyze the most relevant methods to determine the financial capacity of innovation projects and identify potential ways of their improvement. The research helped to propose an alternative methodology to assess the financial capacity of innovation projects by charting an alternative balance with a minimum scope of data (annual balance sheet data, project term). The authors drew a conclusion concerning the critical role of choices on the methods applied to analyze the financial capacity of innovation projects in the context of different scales and terms of project jobs in an analyzed project and the need for the proposed alternative (estimate or expertise-based) assessment of financial capacity as well as the relevant risks associated with the implementation of the new financial capacity assessment system and the overall risks of the innovation project. These specifically concern the choices of the methods of attribution of indirect costs in innovation projects, composition and scope of criteria to distinguish business processes to manage these processes and constituent operations, the form of a matrix of correspondence for a set of costs by the stages of an innovation project (event-based matrix accounting) and the information model of the objective-based methods of managing an innovation project as an object.

Ecologically Responsible Entrepreneurship and Its Contribution to the Green Economy’s Sustainable Development: Financial Risk Management Prospects

“…As shown in Table 6, unlike (Abid et al 2021;Asongu and Nnanna 2021;He and Kim 2021;Jones and Bi 2020;Lăzăroiu et al 2020;Mach et al 2021;Rogulenko et al 2021), from the positions of sustainability, the goal of state management consists of the increase in the contribution of the green economy to sustainable development (at the output of the "black box" in Figure 1). The advantage of the new formulation of the goal is specifying the reason behind the necessity for the green economy's development-achievement of sustainable development (implementation of the SDGs).…”

“…Though it is supposed that a green economy must contribute to the improvement of the environment, this is not reflected in the implementation of the considered theory in practice. Thus, reports on corporate social responsibility and official statistical bodies provide only indicators of the green economy (e.g., number of created green jobs or number of implemented green innovations), without including the consequences for the environment (Lăzăroiu et al 2020;Rogulenko et al 2021).…”

Development of University Campuses Under the Influence of City Authorities, Business, And Urban Community as An Important Factor in Achieving the Principles of Sustainable Development

“…Close cooperation of universities, businesses, and public organizations is much needed to promote sustainable socio-economic development (Borodina et al, 2023;Ambros, Biberhofer, 2018;Bagratuni et al, 2023). In particular, science has been developing ideas based on the concept of innovation districts (Rogulenko et al, 2021), in which universities, high-tech industries, startups, and accelerators unite to promote knowledge and innovation exchange (Fedchenko et al, 2023). These are often suburban campuses due to the difficulty of allocating large territories in the city center and the convenience of establishing such campuses relatively near large industrial enterprises located outside of the city (Kornilova et al, 2022).…”