Institutional criteria for the assessment of intellectual products` potential realization in the venture financing system

The objective of the research is to elaborate institutional criteria for the assessment of intellectual products` potential realization in the venture financing system which are not presented in the existing works on venture investments. Research methodology is based on synthesis of institutional...

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Main Authors: Tatiana Ivanovna Volkova, Marina Nikolaevna Kuznetsova
Format: Article
Language:English
Published: Russian Academy of Sciences, Institute of Economics of the Ural Branch 2012-09-01
Series:Экономика региона
Subjects:
Online Access:http://www.economyofregion.com/archive/2012/41/1973/pdf/
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author Tatiana Ivanovna Volkova
Marina Nikolaevna Kuznetsova
author_facet Tatiana Ivanovna Volkova
Marina Nikolaevna Kuznetsova
author_sort Tatiana Ivanovna Volkova
collection DOAJ
description The objective of the research is to elaborate institutional criteria for the assessment of intellectual products` potential realization in the venture financing system which are not presented in the existing works on venture investments. Research methodology is based on synthesis of institutional and new institutional economics theory, theories of innovations, uncertainty and risk, management of innovations. Essential characteristics of venture financing are structured in the paper, its treatment as an economic category is suggested. A number of common institutional criteria for the assessment of intellectual products` potential feasibility in the system of venture financing are outlined and grounded. The structure of institutional field of venture financing (by the example of Sverdlovsk region) is elaborated with consideration of projected development and coevolution of formal and informal institutions as a favorable environment for drawing into economic turnover and commercialization of technological developments and projects. Analytical investigation of structural elements for creation of institutional field of venture financing in Sverdlovsk region is performed, a range of common and specific problems, contradictions and recommendations are outlined. The paper introduces institutional criteria for the assessment of intellectual products` potential feasibility.
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spelling doaj.art-f1512c49e0e24bf0a9375306652ee5732023-09-03T01:36:48ZengRussian Academy of Sciences, Institute of Economics of the Ural BranchЭкономика региона2072-64142411-14062012-09-012012312513310.17059/2012-3-11Institutional criteria for the assessment of intellectual products` potential realization in the venture financing systemTatiana Ivanovna Volkova0Marina Nikolaevna Kuznetsova1Institute of Economics, Ural Branch of the Russian Academy of SciencesInstitute of Economics, Ural Branch of the Russian Academy of SciencesThe objective of the research is to elaborate institutional criteria for the assessment of intellectual products` potential realization in the venture financing system which are not presented in the existing works on venture investments. Research methodology is based on synthesis of institutional and new institutional economics theory, theories of innovations, uncertainty and risk, management of innovations. Essential characteristics of venture financing are structured in the paper, its treatment as an economic category is suggested. A number of common institutional criteria for the assessment of intellectual products` potential feasibility in the system of venture financing are outlined and grounded. The structure of institutional field of venture financing (by the example of Sverdlovsk region) is elaborated with consideration of projected development and coevolution of formal and informal institutions as a favorable environment for drawing into economic turnover and commercialization of technological developments and projects. Analytical investigation of structural elements for creation of institutional field of venture financing in Sverdlovsk region is performed, a range of common and specific problems, contradictions and recommendations are outlined. The paper introduces institutional criteria for the assessment of intellectual products` potential feasibility.http://www.economyofregion.com/archive/2012/41/1973/pdf/venture financingintellectual products` potentialinstitutional assessment criteriainstitutional field
spellingShingle Tatiana Ivanovna Volkova
Marina Nikolaevna Kuznetsova
Institutional criteria for the assessment of intellectual products` potential realization in the venture financing system
Экономика региона
venture financing
intellectual products` potential
institutional assessment criteria
institutional field
title Institutional criteria for the assessment of intellectual products` potential realization in the venture financing system
title_full Institutional criteria for the assessment of intellectual products` potential realization in the venture financing system
title_fullStr Institutional criteria for the assessment of intellectual products` potential realization in the venture financing system
title_full_unstemmed Institutional criteria for the assessment of intellectual products` potential realization in the venture financing system
title_short Institutional criteria for the assessment of intellectual products` potential realization in the venture financing system
title_sort institutional criteria for the assessment of intellectual products potential realization in the venture financing system
topic venture financing
intellectual products` potential
institutional assessment criteria
institutional field
url http://www.economyofregion.com/archive/2012/41/1973/pdf/
work_keys_str_mv AT tatianaivanovnavolkova institutionalcriteriafortheassessmentofintellectualproductspotentialrealizationintheventurefinancingsystem
AT marinanikolaevnakuznetsova institutionalcriteriafortheassessmentofintellectualproductspotentialrealizationintheventurefinancingsystem