Finance and Credit

Developing and practical testing the tools for integrated assessment of petrochemical enterprises' preparedness to implement innovation projects

Vol. 24, Iss. 4, APRIL 2018

Received: 12 January 2018

Received in revised form: 15 February 2018

Received in final form: 12 March 2018

Accepted: 26 March 2018

Available online: 28 April 2018

Subject Heading: INVESTING

JEL Classification: О12, О31, О32

Pages: 784—797

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

Okhezina G.M. Nizhny Novgorod State Technical University n.a. R.E. Alekseev, Nizhny Novgorod, Russian Federation

Belova N.V. OOO SIBUR-TSOB, Nizhny Novgorod, Russian Federation

Subject The article deals with integrated assessment of petrochemical enterprises' preparedness for innovation project implementation.
Objectives The study focuses on developing and practical testing the methodology for overall assessment of preparedness of petrochemical enterprises to realize innovation projects.
Methods We employ the systems approach, general scientific methods of analysis and synthesis, expert, statistical, and graphic methods and techniques.
Results We have developed a method to perform an integrated assessment of preparedness of petrochemical sector enterprises to implement innovative solutions. It enables to determine their rating for taking management decisions by the parent company of a holding group.
Conclusions The scientific merit of the paper is that it presents a new methodological approach to assess petrochemical enterprises in terms of their preparedness for innovation project implementation. The practical significance is that it highlights the importance of using a system of indicators which considers external and internal drivers when the management of a holding take decisions to invest in a subsidiary.

Keywords: petrochemical industry, assessment, innovative capacity, innovation project, holding


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