Methodology of Financial Research by Stages of Innovation Process

Abstract

The article deals with issues related to the peculiarities of the methodology of conducting financial research at the stages of innovation process. Important in the author's approach is the formulation of the problem of forming a certain set of research methods for the stages of innovation process from the standpoint of financial results. The following methods were used in the research: dialectical method and methods of analysis and synthesis, methods of comparison and generalisations, structural and logical analysis. To achieve the set goal, namely, to determine the composition of research methods of innovation process by stages, each of which has its own specificity and may require a unique set of methods, a comparative analysis of interrelated research objects, which are the innovation process, the life cycle of the product (products, services, objects) and scientific and technical preparation of production. For the studied object – the innovation process – an analysis was made and two main research subjects, certain stages of the innovation process, were distinguished: fundamental and applied research. Complexes of research methods were formed for each of them for the first time in order to determine financial goals and objectives. It is proposed to consider the determination of the maximum amount of budget expenditures for the implementation of innovative processes as a financial goal of the research of objects of fundamental and applied research. A matrix of complexes of research methods for the stages of the innovation process with expected tasks and results of financial activity was formed. The conclusions obtained as a result of the research can be useful in practices of employees of research institutions and organisations, graduate students and students of higher educational institutions researching the problems of innovative development and implementing the stages of the innovation process

Short-term Fluctuations and Fluctuations in the Development Dynamics of Fixed Assets of Industry

“…This is an important point that is absent in the traditional model. While some of the individuals who perform these processes can be associated with a particular project or asset, the processes themselves are not specific for a project or plant (Alieksieiev et al, 2014). It is also should be noted that different asset classes undergo different lifecycle stages.…”

“…But the definition of the cause of fluctuations in the development of the fixed assets of the industry is not clearly justified, and the structural and logical model of the influence of short-term fluctuations on the development dynamics of fixed assets has not been defined. It is not clear whether the state has the ability to prevent periods of short-term fluctuations or influence their duration (Alieksieiev & Mazur, 2022). Therefore, considering the economy as a nonlinear dynamic system to study the impact of fluctuations on the dynamic development of fixed assets, to further improve approaches to their management is a topical scientific topic, an in-depth study of which will help increase the profitability and productivity of the industry (Senchukov, 2019).…”

Blockchain and fintech technologies in the digital space of financial and industrial companies

“…[15], [52], [53], [54] explore innovative strategies and trends in the banking system's development, offering insights into the challenges and opportunities of embracing technological innovations in the banking industry.…”

Enhancing the methods used to evaluate the competitiveness of commercial banks

“…The liberalization of capital flows, the rapid growth of the foreign-driven financial services market, and ongoing economic globalization have highlighted the risks associated with financial imbalances and the potential for rapid financial crise (Alieksieiev & Mazur, 2022). Hence, there is an increased focus on achieving financial sustainability, maintaining stable financial relationships across all sectors of the economy, and reducing the likelihood of systemic financial failures.…”