Drivers of Company\'s Innovative Activity

Student: Kharaykin Maksim

Faculty: Faculty of Economics, Management, and Business Informatics

Educational Programme: Economics (Bachelor)

Year of Graduation: 2018

This paper examines the factors that can affect the innovative activity of pharmaceutical enterprises in Russian Federation, namely, their costs for R&D. The data includes 431 companies for the period from 2012 to 2016. A hypothesis was proposed that the sanctions imposed on Russia negatively affected the costs of R&D, but it was refused. Three models were constructed, where the impact of sanctions on R&D costs was examined. The growth rate of earnings, intangible assets, the number of employees and the financial leverage are significant factors in these models.

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