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Theoretical aspects of the democratic essence of enterprise

Dmitrik E.G. the candidate of economic sciences, the docent of department economic analysis, finances and audit, Stary Oskol Technological Institute (branch) of the National Research Technological University “MISiS” ( dmitrikeg@mail.ru )

Journal: National Interests: Priorities and Security, #22, 2010

We analyze the development of entrepreneurship as a basic condition for the success of this process, put forward the presence of certain rights, freedoms and safeguards to ensure a favorable external financial, economic and socio-political environment. The effectiveness of the dialogue between business and power is manifested in the creation of jobs, involving the workforce in the enterprise, increasing democratization and economic development.


The regulation methods of fiscal risk in the framework of the implementation of entrepreneurship support

Dmitrik E.G. Starу Oskol Technological Institute, Branch of National University of Science and Technology (MISiS), Stary Oskol, Russian Federation ( dmitrikeg@mail.ru )

Journal: Finance and Credit, #36, 2017

Importance In this article, I consider the issues of financial resource shortage, the limited possibility of attracting bank loans, and business risk. All these problems constrain the development of entrepreneurship.
Objectives I aim to determine a scientifically based financial mechanism of financing the priority directions of territories' development.
Methods In this paper, I use economic and mathematical methods, logical analysis, and synthesis.
Results In this study, I develop tools of financing the priority directions of the municipal economy. The proposed financial scheme allows to expand the volume of financing and ensure the access of businesses to financial support.
Relevance The article proposes concrete financing mechanisms for investment with minimal risk for the budget and preferential conditions for business.


A comprehensive methodological approach to creating and evaluating the innovative potential

Dmitrik E.G. Stary Oskol Technological Institute, Branch of National University of Science and Technology (MISiS), Stary Oskol, Belgorod Oblast, Russian Federation ( dmitrikeg@mail.ru )

Journal: National Interests: Priorities and Security, #12, 2018

Subject I theoretically substantiate conditions for the development of innovation and innovative activities and their patterns in the ever changing socio-political, economic and regulatory environment. I also examine constituents of the innovative potential and methods to quantify it.
Objectives The research determines the principal factors contributing to the emergence of innovation, innovative development of the economy. I identify constituents of the innovative potential design, trace their relationship, elaborate the technique for quantification of the innovative potential in accordance with inner ties among its constituents.
Methods The research relies upon general scientific methods, such as retrospective analysis, generalization, logic method.
Results I found and theoretically substantiated distinctions and patterns in the development of innovation and innovative activities. The article describes the model reflecting the relationship among constituents of a new innovation-driven environment and determines their nexus. I propose the technique to evaluate the innovative potential by computing the comprehensive integral indicator, which accommodates the relationship of the constituents. The proposed technique allows not only to evaluate the regional innovative potential, but also observe its dynamics through key factors, make more effective decisions for managing elements of the new competitive environment.
Conclusions and Relevance The new innovation-driven competitive environment is built through the comprehensive methodological approach, which influences the innovative potential. The innovative potential comprises S&T capabilities, educational potential, investment opportunities and possibilities of consumers. In evaluating the innovative potential, it is necessary to use the integral coefficient of the innovative potential development, which accommodates the interaction of all the constituents.


Methods of enhancing productive creativity

Dmitrik E.G. Stary Oskol Technological Institute, Branch of National University of Science and Technology MISiS, Stary Oskol, Belgorod Region, Russian Federation ( dmitrikeg@mail.ru )

Journal: Regional Economics: Theory and Practice, #6, 2015

Importance The basis for building the innovation economy is the continuous updating of knowledge and the increase in creativity, invention, design, culture, art, and creativity that shape the innovative production technologies. In this regard, the activation of productive creativity becomes a priority.
     Objectives The purpose of the paper is the analysis of the main measures to promote the development of innovative economy and the development of methods to enhance productive creativity. The study systematizes specific forms and directions of stimulating the development of innovative entrepreneurship.
     Methods For the study, I used scientific methods such as: monitoring and fact-finding, modeling, analysis and synthesis, as well as a system approach, the historical, logical and graphical analyses.
     Results I have analyzed certain measures taken in different countries, to identify areas of intensification of innovative activity, used for the development of national innovation systems. I am proposing a set of methods to enhance productive creativity, which includes specific ways of stimulating business activity and can be used in the development of activities of State support at the municipal and regional levels. Also I have developed methods of stimulation of enterprise social responsibility and green business, which involve integration of such proven by international experience legal instruments for environmental management and conservation of the environment, as environmental management and auditing, into Russian practice.
     Conclusions and Relevance In my opinion, the practical application of methods of intensification of productive creativity will contribute to the democratization of economic relations, included in the reproductive process of the potential of each business entity and promote the development of the economic system on the basis of intensive factors.


Improving the methods of State support to entrepreneurship using financial instruments at the municipal level

Dmitrik E.G. National University of Science and Technology (MISiS), Moscow, Russian Federation ( dmitrikeg@mail.ru )

Journal: Finance and Credit, #13, 2015

Importance The main problems preventing the access of business organizations to the existing forms of State support include information insufficiency, financial instability of small businesses, the lack of necessary professional skills to make a business project attractive from investment viewpoint, and difficulties in providing collateral and guarantees when obtaining loans. In view of the above problems, the proposals that enable to ensure effective access of small and medium-sized enterprises implementing investment projects to financial support in the form of municipal guarantees on loans are of special importance.
     Objectives The aim of this work is to develop proposals facilitating effectiveness of financial support to business projects at the municipal level, with minimal risk for the municipal budget.
     Methods Using scientific, economic and mathematical methods of research, I was able to identify the areas of improving the financial instruments of State support to small and medium-sized businesses with limited budgetary allocations, and to develop specific proposals that help implement them in practice.
     Results I have developed methods enabling to mediate municipal collateral for Bank loans through the issuance of municipal securities, namely, demand bills of exchange, as well as to organize a Microcredit Fund and to make an equity contribution to lend to small businesses on preferable terms.
     Conclusions and Relevance The proposals will not only ensure the implementation of activities and programs for business support, but also increase the volume of financial resources for business organizations without additional budgetary costs, expand the channels of financial and credit support, and enhance its efficiency.


Areas of improving methods of State innovation policy performance evaluation

Dmitrik E.G. Stary Oskol Technological Institute named after A.A. Ugarov (branch) of National University of Science and Technology "MISIS", Stary Oskol, Belgorod region, Russian Federation ( dmitrikeg@mail.ru )

Vasil'eva I.N. Stary Oskol Technological Institute named after A.A. Ugarov (branch) of National University of Science and Technology "MISIS", Stary Oskol, Belgorod region, Russian Federation ( vasilyeva128@mail.ru )

Journal: Economic Analysis: Theory and Practice, #45, 2014

Importance Nowadays, the most accessible financial source of various forms of innovation activities in Russia are budget allocations, which are the basis for implementing target-oriented comprehensive programs and higher priority national projects. Therefore, performance evaluation of State innovation policy becomes particularly important.
     Objectives Influenced by the ideas of globalization, the State regulation of processes related to building economic relations in the sphere of innovation business gets to the new qualitative level that requires clearly defined strategic objectives and tactical actions aimed at combining the interests of the State and innovation business. One of the main tasks of the study is to develop proposals for evaluating economic efficiency of measures of the State innovation policy.
     Methods A scientifically sound approach to innovative ventures stimulation makes it possible in the near term to strengthen the processes of fruitful work and to increase the share of innovation, creative and noospheric segment of economy, development of small innovation business and new technologies. Using economic and mathematical methods of research, we have developed proposals of calculating the economic effect of measures taken by the State to support innovative ventures.
     Results The proposals are of applied character and can find practical use while identifying the areas of support to innovative ventures. Thus, obtaining a positive value of effectiveness of innovation policy implementation will testify to growing number of business entities, increased volume of capital investments and innovation. This is possible only in favorable business environment based on democratic principles and freedom of market economy.
     Conclusions and Relevance We conclude that to assess the level of innovation of the economy it is necessary to use indicators that are based on effectiveness of State innovation policy implementation.


The concept of the theory of innovative entrepreneurship in the transformation of environment

Dmitrik E.G. the candidate of economic sciences, the docent of department economic analysis, finances and audit, Stary Oskol Technological Institute (branch) of the National Research Technological University “MISiS” ( dmitrikeg@mail.ru )

Journal: National Interests: Priorities and Security, #8, 2011

Studies in economics essence and content of entrepreneurship suggest the ambiguity and diversity of its interpretations.
     Ambiguity is considered the classic definitions of the category "entrepreneur" increase motivation for theoretical and practical study of its essence and content as an important economic problem.
     Entrepreneurship - a fundamentally new type of management, based on the innovative behavior of the owners of the company, the ability to locate and use ideas, translate them into concrete business projects, and, as a rule, it is risky business. Entrepreneurship is primarily due to the efficient use of production factors for economic growth and needs.
     Adaptation of entrepreneurial ideas to the existing socio-economic environment, allows an entrepreneur to find the most effective ways to achieve this goal. Any business activity includes the process of reproduction of previously untapped resources. That shows the innovative nature of the business.
     Under the external business environment means the totality of the conditions and factors affecting the development of business and financial condition, operating independently of the will of entrepreneurs and changing, for direct receipt of business income must constantly evaluate their impact on the use of other scarce resources. There fore, the entrepreneur can not lose its status as an innovator when, as believed by J. Schumpeter, "takes his business back on track routine process."
     New combinations of production factors lead to the appearance of progressive innovations and are reflected in the high technology and competitive production, which is one of the most important results of innovation.
     Innovative activity is associated with the involvement of different resources. In an integrated system of innovation also includes such components as science, technology, education, economy.
     Environmental factors influencing the development of business and financial condition are closely linked and constitute a single business environment in which it operates. This is - irrespective-feedback and change any factor inevitably leads to a change in the status of others, and changes the quality of the whole system.
      The presence of a favorable external environment is an essential factor in the innovation business.


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