SHS Web Conf.
Volume 106, 2021III International Scientific and Practical Conference “Modern Management Trends and the Digital Economy: from Regional Development to Global Economic Growth” (MTDE 2021)
|Number of page(s)||8|
|Section||Digital Technologies in Socio-Economic Systems Management|
|Published online||18 May 2021|
Innovation activity impact on adding value to the enterprise: empirical analysis
Kazan National Research Technological University, Kazan, Russia
2 Kazan State University of Architecture and Engineering, Kazan, Russia
* Corresponding author: firstname.lastname@example.org
In the context of economy digitalization corporate innovative activity is one of the main competitive advantages, which should have impact on adding value to the enterprise. The aim of this study is to explore if there is relation between innovation activity level of the Russian companies and their value. Analysis of balanced panel data based on the application of random effects and fixed effects models is used to test research hypotheses. The sample contains 19 Russian nonfinancial public companies (2012-2019). The results of the empirical study demonstrate the positive relation between corporate innovation activity level and company value. The influence of expenditures on staff development (one of the corporate social responsibility (CSR) directions) on the latter is addressed as well, however, no statistically significant result is received in the short run, probably confirmation of a positive relationship can be obtained in the long term. Moreover, impact of general CSR indicator on corporate value can be tested to make further conclusions on the validity of the idea of joint influence of innovation activity and CSR on the value of companies.
© The Authors, published by EDP Sciences, 2021
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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