Фактори за позитивно въздействие на иновационната дейност върху финансовото представяне на предприятията: теоретични аспекти
Factors for the Positive Impact of the Innovation Activity on the Financial Performance of the Enterprises: Theoretical Aspects

Author(s): Galya Taseva-Petkova
Subject(s): Economy, Business Economy / Management, Public Finances
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: innovation; financial performance
Summary/Abstract: A review of the literature in the field shows that there is no direct positive causal link between the innovation activity of enterprises and their financial situation. A wide range of necessary prerequisites is established for realizing the positive impact of the innovative activity of the companies on their financial performance. These include: providing sufficient resources, including financial resources, for companies to benefit directly from the benefits of their innovation activity, reaching a minimum threshold for R&D expenditure, persistence of innovation, patenting, appropriate choice of innovation strategy, participation in innovation alliances, providing the necessary motivation for staff, long enough time to realize the benefits of innovation.

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