Elena G. Popkova, Muxabbat F. Xakimova, Marija A. Troyanskaya, Elena S. Petrenko, Olga V. Fokina
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引用次数: 0
摘要
本文致力于解决高风险市场环境下的风险管理问题。本文的目标是研究利用责任创新作为工具管理高科技公司可持续发展项目财务风险的经验和前景(以 2022-2023 年俄罗斯信息技术领域的公司为例)。我们使用 SEM 方法研究了 2022-2023 年莫斯科交易所的每日统计数据。因此,我们对 2022-2023 年俄罗斯 IT 领域公司的财务风险进行了定量测量。所研究的 2022 年信息技术领域的案例经验证实,俄罗斯高科技公司积极实施基于环境、社会和公司治理项目的负责任创新。我们的主要结论是,在实施负责任创新的情况下,高科技公司的财务风险会降低。因此,在高风险的市场环境中,为高科技公司的可持续发展实施责任创新是可取的。我们的结论的理论意义在于证实了借助责任创新进行财务风险管理的协同效应。本文在科学上的新颖性和对文献的贡献在于阐明了企业财务风险管理的行业(IT 领域)和市场(高风险市场环境)特性。我们还揭示了 2022-2023 年俄罗斯高科技公司财务风险管理的独特领先经验,而这些经验却鲜为人知。我们建议的实际意义在于,编制的方案可作为 2024 年俄罗斯高科技公司可持续发展潜力最全面发展的战略基准。
Responsible Innovations as Tools for the Management of Financial Risks to Projects of High-Tech Companies for Their Sustainable Development
This paper is devoted to the resolution of the problem of risk management in a high-risk market environment. The goal of this paper was to study the experience of and prospects for the use of responsible innovations as tools for managing the financial risks of high-tech companies’ projects for their sustainable development (using the example of companies in Russia’s IT sphere in 2022–2023). We used the SEM method to study the daily statistics of the Moscow Exchange in 2022–2023. As a result, we quantitatively measured the financial risks of Russian companies in the IT sphere in 2022–2023. The studied case experience of the IT sphere in 2022 confirmed that Russian high-tech companies actively implement responsible innovations based on ESG projects. Our main conclusion is that the financial risks of high-tech companies are reduced in the case of the implementation of responsible innovations. Therefore, it is advisable to implement responsible innovations for the sustainable development of high-tech companies in a high-risk market environment. The theoretical significance of our conclusions lies in the substantiation of the synergetic effect of financial risk management with the help of responsible innovations. The scientific novelty and contribution of this paper to the literature consist in its clarifying the sectorial (in the IT sphere) and market (in a high-risk market environment) specifics of managing the financial risks to companies. We also disclosed a poorly studied and largely unknown unique and leading experience of managing the financial risks of Russian high-tech companies in 2022–2023. The practical significance of our recommendations is that the compiled scenario can be used as a strategic benchmark for the most complete development of the potential of the sustainable development of Russian high-tech companies in 2024.