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Regional Economics: Theory and Practice
 

Risk management mechanism of technology park's activities in the area of high technology: evidence from the republic of Ingushetia

Vol. 15, Iss. 4, APRIL 2017

PDF  Article PDF Version

Received: 24 May 2016

Received in revised form: 11 July 2016

Accepted: 1 September 2016

Available online: 16 April 2017

Subject Heading: THEORY OF REGIONAL ECONOMY

JEL Classification: P25

Pages: 606-617

https://doi.org/10.24891/re.15.4.606

Evloeva M.M. Ingush State University, Magas, Republic of Ingushetia, Russian Federation
em86@nm.ru

Subject The article describes the risk management mechanism of technopark's activities in the area of high technologies in the Republic of Ingushetia.
Objectives The article aims to clarify the concept of technopark risk in high technology; review the governance structure of the audit and internal control department of technopark in the Republic of Ingushetia; analyze risk factors and classify technopark risk; review the procedure for monitoring of the effectiveness of internal control and audit departments in the sphere of high technology.
Methods Regulatory framework and analysis of the activities of the regional and federal level science parks have become the methodological basis of the research.
Results The paper identifies the main risk factors for technoparks. It considers the risk causes and consequences, the monitoring of the effectiveness of procedures for internal control and audit departments in the sphere of high technology in the Republic of Ingushetia. As well, I offer my own definition of the concept of technopark.
Conclusions and Relevance I conclude that for rational functioning of technoparks in high technologies in the Republic of Ingushetia, it is necessary, since the construction of an industrial park, to consider the organization's planning and forecasting as a whole. The results obtained can be used in the activities of the industrial park in the Republic of Ingushetia, as well as in other regional-level industrial parks.

Keywords: technopark, risk factor, internal control and audit

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