Financial Analytics: Science and Experience

The assessment of organizational innovation of the company based on differential cash flow

Vol. 10, Iss. 8, AUGUST 2017

Received: 15 May 2017

Received in revised form: 8 June 2017

Accepted: 15 June 2017

Available online: 15 August 2017


JEL Classification: C88, G32, O22

Pages: 912–924

Yashin S.N. National Research Lobachevsky State University of Nizhny Novgorod, Nizhny Novgorod, Russian Federation

Trifonov Yu.V. National Research Lobachevsky State University of Nizhny Novgorod, Nizhny Novgorod, Russian Federation

Koshelev E.V. National Research Lobachevsky State University of Nizhny Novgorod, Nizhny Novgorod, Russian Federation

Importance The paper focuses on the problems of innovation profitability assessment. Organizational innovation is important for the companies as well as technical and technological ones.
Objectives The study aims at creating a relevant methodology allowing to estimate the efficiency of organizational innovations to choose a favorable version of similar administrative decisions from a set of the alternatives.
Methods We used the method of differential cash flow which represents the difference between the alternative and basic versions of organizational decision. For the solution of direct and inverse problems, we applied for the computational methods and computer modeling.
Results Besides the evaluation of the efficiency of organizational innovation, we have also solved the inverse task of calculation of the average debts maturity and current productive costs.
Conclusions and Relevance Use of a differential cash flow can have a practical application for evaluating the efficiency of various projects which have no individual commercial result.

Keywords: organizational innovation, differential cash flow


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