Analysis of Dependence in Ukrainian Enterprises’ Economic Indicators from Measure of their Innovation Activism

Information
Title: Analysis of Dependence in Ukrainian Enterprises’ Economic Indicators from Measure of their Innovation Activism
Issue: Vol. 7, No 3, 2014
Published date: 20-09-2014 (print) / 20-09-2014 (online)
Journal: Economics & Sociology
ISSN: 2071-789X, eISSN: 2306-3459
Authors: Irina Verkhovod
Vladimir Petrenko
Keywords: innovation, differentiation of profitability, human capital, incentives to invest, distribution of the benefits from innovation
DOI: 10.14254/2071-789X.2014/7-3/6
DOAJ: https://doaj.org/article/ad74bc1b6e3f43e4873ec9a0a1538fea
Language: English
Pages: 76-89 (14)
JEL classification: D22
Website: https://www.economics-sociology.eu/?280,en_analysis-of-dependence-in-ukrainian-enterprises%E2%80%99-economic-indicators-from-measure-of-their-innovation-activism
File http://www.economics-sociology.eu/files/10_50_Verkhovod_Petrenko.pdf
Abstract

The paper presents the results of an empirical analysis of differences between the economic activity indicators of enterprises with unequal innovative activity. On the basis ofa sample survey ofUkrainianenterprises weattempted toverifythe theoreticalthesis aboutthe relativelyhigher profitabilityof themoreinnovative companies. Revealedthat the averageof profitabilityand return on investmentfor a group ofthe mostinnovative companiesare lower than for firms withlessinnovation activity. We have proposedthe thesis of thelaws of innovative activity reductionintheUkrainianeconomy, as long as the main factor of business profitability is not innovation activity, but other reasons.