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Problem financing of innovation programs under crisis situation

Baev I.A. professor, South Ural State University ( admin@susu.ac.ru )

Kuznetsova T.A. associate professor, South Ural State University ( takuz@bk.ru )

Sicharulidze S.V. the Head of the Capital Construction Board, City Administration ( www.pravmin74.ru )

Journal: Finance and Credit, #45, 2009

Due to the global economic crisis investors all over the world face complicated problems while financing investment projects and innovation programs. The current deficit of the long-term borrowings forces the searching for company`s internal sources of finance as well as involving state in the process of co-financing investment projects. Particular work is devoted to the identification and analysis of the problems of financial provision that have either legislative or institutional nature and to the feasible solutions of these problems in the crisis situation.


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