IDEAS home Printed from https://ideas.repec.org/h/spr/sprchp/978-3-030-77291-8_14.html
   My bibliography  Save this book chapter

Mechanisms of Financial Support for the Development of Innovative Entrepreneurship in the Digital Economy

In: Economic Issues of Social Entrepreneurship

Author

Listed:
  • Natalia G. Varaksa

    (Orel State University)

  • Maria S. Alimova

    (Orel State University)

  • Sergey A. Alimov

    (Orel State University)

  • Elena S. Rozhdestvenskaia

    (Orel State University)

  • Victor A. Konstantinov

    (Orel State University)

Abstract

Purpose: The purpose of the study is to analyze the effectiveness of financial support mechanisms for innovative entrepreneurship and develop new areas of incentives based on a synthesis of modern domestic research and world level. Design/methodology/approach: Methodological research tools include economic and statistical methods of analysis, comparison, analogy, graphical interpretation tools, as well as a systematic approach that reveals the main reasons that hinder the development of the innovation sector, and suggests directions for the transformation of certain forms of financial support for innovative entrepreneurship. Findings: In the article, based on an analysis of the main forms of financial support for innovative entrepreneurship and sources of financing used in the world and domestic practice, it is concluded that a systematic analysis needed of the relevance and effectiveness of each measure that meets the criteria of accessibility for most business entities and covers all stages of creation and commercialization of an innovative product. In the analysis of direct and indirect measures of financial support, barriers limiting their widespread use were identified, and new directions for stimulating the innovative activity of business entities related to direct cost subsidies and reducing tax costs were proposed. Originality/value: Implementation of the proposed financial support mechanisms for innovative entrepreneurship will contribute to the activation of the innovation process, obtaining economic and social effect in the context of the impact of external challenges in technological development.

Suggested Citation

  • Natalia G. Varaksa & Maria S. Alimova & Sergey A. Alimov & Elena S. Rozhdestvenskaia & Victor A. Konstantinov, 2021. "Mechanisms of Financial Support for the Development of Innovative Entrepreneurship in the Digital Economy," Springer Books, in: Elena G. Popkova & Bruno S. Sergi (ed.), Economic Issues of Social Entrepreneurship, pages 151-160, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-77291-8_14
    DOI: 10.1007/978-3-030-77291-8_14
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Keywords

    Innovation; Innovative entrepreneurship; Financial support; Financing; Tax incentives; Digital economy;
    All these keywords.

    JEL classification:

    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy
    • H21 - Public Economics - - Taxation, Subsidies, and Revenue - - - Efficiency; Optimal Taxation

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:sprchp:978-3-030-77291-8_14. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.