FINANCE: THEORY AND PRACTICE
Vol. 26, No. 2’2022
FINANCETP.FA.RU
74
ORIGINAl PAPER
DOI: 10.26794/2587-5671-2022-26-2-74-87
UDC 336(045)
JEL G32
Model of Financial Incentives for Innovation Activity
in Industrial sector: Development and Forecasting
of Efficiency
s. A. Manshilin
a
, A. F. leshchinskaya
b
a
JSC “Alfa-bank”, Moscow, Russia;
b
Plekhanov Russian
University of Economics, Moscow, Russia
AbsTRACT
The article presents the key provisions of the developed model of financial incentives for innovation activity for companies
in the industrial sector.
The subject
of the study is economic relations formed in the process of financial incentives for
innovation activity of industrial companies.
The aim
of the study is to present the authors’ model of financial incentives
for innovation activity in the industrial sector, as well as to evaluate its effectiveness using forecasting methods.
The
relevance
of the study is due to the existence in modern conditions of significant obstacles to financial incentives for
innovation in the industrial sector: the lack of equity capital of companies, sufficiently high costs for the implementation
of innovation projects, the existence of financial risk of loss of solvency by the company, as well as a lack of budget
financing of innovation and state material support.
The novelty
of the research consists in the development of a model
of financial incentives for innovation, which could be used in practice by companies operating in the industrial sector
in order to increase production potential through the implementation of innovation and R&D projects. The authors
apply the following
methods
:
statistical analysis, correlation
and regression analysis, forecasting, scenario
analysis
and construction of the trend of the GDP of the Russian Federation.
Results
: the authors define the structure of the
modern model of financial incentives for innovation activity for industrial companies, evaluate its effectiveness using the
interdependencies between the GDP of the Russian Federation and key parameters reflecting the increase in innovation
activities of Russian entrepreneurship. Statistical data for forecasting the GDP of the Russian Federation were collected
for the period 2010–2021.
