Year: 2019
Type: conference-paper
Abstract: The article examines potential long-term leasing risks for development of the construction industry, characterizes leasing as a form of investment. Leasing objects of the construction industry were identified. Methods for minimizing risks were considered. Leasing companies and large construction companies rarely lease out equipment to private, small-sized construction companies facing general and specific risks. The degree of risk depends on the leasing object (e.g., equipment that cannot be disassembled, rare equipment, expensive equipment which is difficult to sell at an affordable price). The problem to be solved is lack of owned funds for carrying out innovation activities. The article describes funding methods for innovation activities of manufacturing enterprises. It has been found that the most common funding method is leasing. Innovation activities of enterprises are a number of measures aimed to search for, commercialize and implement scientific knowledge, new technology and inventions. Currently, innovation activities influence the Russian economy by enhancing efficiency of resource management, creating new industries, infrastructure and jobs. Under the global competition, the effects of innovation activities on national development and competitiveness are becoming more intensive.
Author: Yuliya Barykina
Institution: Irkutsk National Research Technical University
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W2990100285