Methodical bases of forecasting volume of investments in innovative projects
Stepan Mezhov, Evgeny Shvakov
Available Online June 2017.
- https://doi.org/10.2991/ttiess-17.2017.70How to use a DOI?
- Innovations, modelling, strategy, multiplier, funding of innovative processes, net present value adjustment
- Modern research, devoted to the transition of the Russian economy, to an innovative path of development, lacks the theoretical elaboration on the problems of formation of tools and mechanisms to improve management of modern innovation-oriented corporations based on new methodologies and methods. The article offers a scientific and methodological approach to assessing the efficiency of innovative projects which develops and supplements the theoretical bases of innovative projects analysis through the accounting of recursive dependence of investments on such factors of innovative process as (1) the constructive complexity of the product, (2) the number of stages of the innovative process and (3) the innovative capacity of the enterprise. It is also proposed to introduce an adjustment factor (multiplier) to reflect the causal connection between the net present value of innovative projects and the abovementioned factors of innovative process and to improve the accuracy of calculation of cash flows under the project, linking the assessments with the certain stages of the project and the corporate capacity. This will reduce the overall integral risk of project implementation for potential investors.
- Open Access
- This is an open access article distributed under the CC BY-NC license.
Cite this article
TY - CONF AU - Stepan Mezhov AU - Evgeny Shvakov PY - 2017/06 DA - 2017/06 TI - Methodical bases of forecasting volume of investments in innovative projects PB - Atlantis Press SP - 422 EP - 428 SN - 2352-5428 UR - https://doi.org/10.2991/ttiess-17.2017.70 DO - https://doi.org/10.2991/ttiess-17.2017.70 ID - Mezhov2017/06 ER -