Research Article Open Access

Efficiency Estimation of Innovative Activity the Enterprises

Andrey Sergeevich Nechaev1, Dmitry Alekseevich Antipin1 and Oksana Victorovna Antipina1
  • 1 Irkutsk State Technical University, Russia

Abstract

The widely acknowledged fact is that the economic growth based only on an export of the raw materials cannot be stable for a long time and thereupon the financial support of an innovative activity gets of a special urgency. To provide higher and steady rates of an economy growth it is necessary to carry out a transition to an innovative way of the development and to spur the creation of the hi-tech manufactures. At the same time it does not mean the automatic termination of the raw materials extraction. The stocks of some kinds of them make the state the leading one in the world. The aim of the article is to review the main aspects of the selection of indicators to measure innovation in enterprises. To improve the efficiency of innovation investment enterprises must evaluate the potential of the company and on this basis to identify priority areas of investments completed. The paramount value for the given problem decision has a choice of the indicators for the estimation of the enterprises innovative activity. The paper substantiates the need for regression analysis when selecting indicators. A mathematical model using different combinations of options indicators of innovation activities of enterprises. Mathematical models are made and used for three generalized purposes such as for an explanation, a prediction and a management. The study suggested indicators for assessing the potential of the enterprise. It is necessary to prioritize the financing of innovation enterprises. In the article conclusions about possible directions for further research and also presents some limitations of the analysis."

Journal of Mathematics and Statistics
Volume 10 No. 4, 2014, 443-447

DOI: https://doi.org/10.3844/jmssp.2014.443.447

Submitted On: 26 May 2014 Published On: 5 January 2015

How to Cite: Nechaev, A. S., Antipin, D. A. & Antipina, O. V. (2014). Efficiency Estimation of Innovative Activity the Enterprises. Journal of Mathematics and Statistics, 10(4), 443-447. https://doi.org/10.3844/jmssp.2014.443.447

  • 1,687 Views
  • 1,302 Downloads
  • 36 Citations

Download

Keywords

  • Finance Companies
  • Correlation and Regression Analysis
  • Performance Evaluation of Innovation