Systemic Risk Management of Investments in Innovation Based on CSR
The problem studied in this paper consists in the fact that the social and financial risks of investments in innovations are managed in isolation, which leads to limited results (reduces certain risks but raises other risks). This paper is devoted to the search for a new strategy of managing the ris...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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MDPI AG
2022-04-01
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| Series: | Risks |
| Subjects: | |
| Online Access: | https://www.mdpi.com/2227-9091/10/5/87 |
| _version_ | 1797495804444803072 |
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| author | Vladimir V. Lebedev Nelia A. Deberdeeva Natalya A. Farkova Larisa S. Korobeinikova |
| author_facet | Vladimir V. Lebedev Nelia A. Deberdeeva Natalya A. Farkova Larisa S. Korobeinikova |
| author_sort | Vladimir V. Lebedev |
| collection | DOAJ |
| description | The problem studied in this paper consists in the fact that the social and financial risks of investments in innovations are managed in isolation, which leads to limited results (reduces certain risks but raises other risks). This paper is devoted to the search for a new strategy of managing the risks of investments in innovations, which would allow balancing the financial interests of business and the interests of employees and is aimed at developing a framework strategy of the systemic management of all risks based on corporate social responsibility. The methodology of this research is based on regression analysis. The research sample comprises data from 80 countries of the world in 2021. The social and financial risks of investments in innovations are identified, systematized, and quantitatively measured and reconsidered from the positions of the UN SDGs. The paper’s contribution consists in substantiating a systemic interconnection between the social and financial risks of investments in innovations and the possibility of complex management of all these risks based on corporate social responsibility. The theoretical value of this paper consists in overcoming the gap in studying the social and financial risks of investments in innovations. The practical value of the authors’ conclusions and recommendations consists in the developed framework strategy being a practical guide for the systemic management of the risks of investments based on corporate social responsibility. |
| first_indexed | 2024-03-10T01:55:47Z |
| format | Article |
| id | doaj.art-3a94d46900064a1498336898cc16d8e2 |
| institution | Directory Open Access Journal |
| issn | 2227-9091 |
| language | English |
| last_indexed | 2024-03-10T01:55:47Z |
| publishDate | 2022-04-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Risks |
| spelling | doaj.art-3a94d46900064a1498336898cc16d8e22023-11-23T12:57:41ZengMDPI AGRisks2227-90912022-04-011058710.3390/risks10050087Systemic Risk Management of Investments in Innovation Based on CSRVladimir V. Lebedev0Nelia A. Deberdeeva1Natalya A. Farkova2Larisa S. Korobeinikova3Public Joint Stock Company “Quadra”, Tula 300012, RussiaDepartment of Psychology, Plekhanov Russian University of Economics, Moscow 115093, RussiaDiplomatic Academy of the Ministry of Foreign Affairs of the Russian Federation, Moscow 119021, RussiaDepartment of Economic Analysis and Audit, Voronezh State University, Voronezh 394018, RussiaThe problem studied in this paper consists in the fact that the social and financial risks of investments in innovations are managed in isolation, which leads to limited results (reduces certain risks but raises other risks). This paper is devoted to the search for a new strategy of managing the risks of investments in innovations, which would allow balancing the financial interests of business and the interests of employees and is aimed at developing a framework strategy of the systemic management of all risks based on corporate social responsibility. The methodology of this research is based on regression analysis. The research sample comprises data from 80 countries of the world in 2021. The social and financial risks of investments in innovations are identified, systematized, and quantitatively measured and reconsidered from the positions of the UN SDGs. The paper’s contribution consists in substantiating a systemic interconnection between the social and financial risks of investments in innovations and the possibility of complex management of all these risks based on corporate social responsibility. The theoretical value of this paper consists in overcoming the gap in studying the social and financial risks of investments in innovations. The practical value of the authors’ conclusions and recommendations consists in the developed framework strategy being a practical guide for the systemic management of the risks of investments based on corporate social responsibility.https://www.mdpi.com/2227-9091/10/5/87strategy of corporate managementrisk managementsocial risksfinancial risksinvestments in innovationcorporate social responsibility |
| spellingShingle | Vladimir V. Lebedev Nelia A. Deberdeeva Natalya A. Farkova Larisa S. Korobeinikova Systemic Risk Management of Investments in Innovation Based on CSR Risks strategy of corporate management risk management social risks financial risks investments in innovation corporate social responsibility |
| title | Systemic Risk Management of Investments in Innovation Based on CSR |
| title_full | Systemic Risk Management of Investments in Innovation Based on CSR |
| title_fullStr | Systemic Risk Management of Investments in Innovation Based on CSR |
| title_full_unstemmed | Systemic Risk Management of Investments in Innovation Based on CSR |
| title_short | Systemic Risk Management of Investments in Innovation Based on CSR |
| title_sort | systemic risk management of investments in innovation based on csr |
| topic | strategy of corporate management risk management social risks financial risks investments in innovation corporate social responsibility |
| url | https://www.mdpi.com/2227-9091/10/5/87 |
| work_keys_str_mv | AT vladimirvlebedev systemicriskmanagementofinvestmentsininnovationbasedoncsr AT neliaadeberdeeva systemicriskmanagementofinvestmentsininnovationbasedoncsr AT natalyaafarkova systemicriskmanagementofinvestmentsininnovationbasedoncsr AT larisaskorobeinikova systemicriskmanagementofinvestmentsininnovationbasedoncsr |