Mapping risk factors of innovation activity enterprises

Abstract

The paper proposes a five-stage procedure to analyse risk factors of innovation activity. The system of innovation activity factors is determined at the first stage. The second stage identifies the factors that have a negative impact on innovation activity. At the third stage, the data of the innovative innovation survey is completed by additional information to obtain indirect estimates of missing factors. To determine the relative scope and magnitude of the risk factors, their ranking takes place at the fourth stage. In addition, the mapping of risks and risk factors is the subject of the fifth stage. This stage leads to the construction of relevant problem spaces for innovation management and regulation. The map obtained provides opportunities for offering policy measures (at both state and enterprise levels) to mitigate, and compensate for, risks of innovation activity. The Russian enterprises' statistics is used to construct an example of the map.