THE METHODOLOGY OF ECONOMIC-STATISTICAL ESTIMATION OF FINANCIAL COMPONENT OF INNOVATIVE POTENTIAL (THE CASE OF ENTERPRISES OF HOTEL AND CATERING BUSINESS)
Journal Title: Інтелект ХХІ - Year 2018, Vol 3, Issue
Abstract
The article is devoted to the improvement of methodology for assessing financial component of the enterprise innovative potential. The empirical economic-statistical analysis was carried out according to data of financial reporting of Ukrainian enterprises KVED (classifier of economic activities) 55.10. It is revealed that free cash flow is the most relevant indicator of the financial component of the enterprise innovative potential. The availability of sustainable positive free cash flow testifies to the ability of the enterprise to invest in innovation. The methodology for assessing the innovative potential’s financial component should consider both the absolute value of free cash flow and its equality. In case of insufficient equality of cash flow, more rigorous criteria for the assessment of its value should be applied. Inequality of free cash flow is related to the threat of inadequate funding of innovations by own resources and, as a consequence, negatively affects the success of innovative measures.
Authors and Affiliations
T. Chaika
Keywords
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- EP ID EP576388
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