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Financing of Responsible Production in Regional Entrepreneurship Based on the Capabilities of Industry 4.0: Contribution to the Environmental Safety of the Region

In: Industry 4.0

Author

Listed:
  • Veronika V. Yankovskaya

    (Plekhanov Russian University of Economics
    State University of Management)

  • Margarita V. Vertiy

    (Kuban State Agrarian University named after I.T. Trubilin)

  • Marina N. Rudenko

    (Perm State National Research University)

  • Polina S. Frantsuzenko

    (National Research University “Higher School of Economics”)

Abstract

Purpose: the purpose of the research is to determine the features of financing responsible industries in Russian regional entrepreneurship based on the capabilities of industry 4.0, determining the contribution of various sources of financing digital innovations to ensuring the environmental safety of Russian regions and selecting for each of them an optimal approach to diversifying sources of financing. Design/methodology/approach: in order to clarify the connection of financing of responsible industries with the capabilities of industry 4.0, the leaders of the rating on the Digital Russia index were selected as objects for study. In the selected regions, the regression dependence of environmental safety in 2020 on the use of various sources of financing for responsible industries in regional entrepreneurship is determined. In accordance with the regression equation obtained, each region determines its own optimal structure of funding sources for responsible production using the simplex method. Findings: it has been proved that the financing of responsible production in regional entrepreneurship based on the capabilities of industry 4.0 is highly differentiated and should take into account the characteristics of each individual region. Even in the leading regions of Russia in terms of industry development 4.0, the differences are so great that the development of universal solutions is not available. Originality/value: it is justified that financing responsible production in regional entrepreneurship makes a significant contribution to ensuring the environmental safety of the region, but only if the financing structure is optimal. The most preferred source is funding from the regional budget, the share of which is recommended to be significantly increased in the regions of Russia.

Suggested Citation

  • Veronika V. Yankovskaya & Margarita V. Vertiy & Marina N. Rudenko & Polina S. Frantsuzenko, 2022. "Financing of Responsible Production in Regional Entrepreneurship Based on the Capabilities of Industry 4.0: Contribution to the Environmental Safety of the Region," Springer Books, in: Elena B. Zavyalova & Elena G. Popkova (ed.), Industry 4.0, pages 207-214, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-79496-5_19
    DOI: 10.1007/978-3-030-79496-5_19
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