title: The impact of the ownership structure on the innovative activity of Russian companies
metadata.name: dc.contributor.author
metadata.value: Cherkasova, Victoria A.
metadata.lang: -
metadata.name: dc.contributor.author
metadata.value: Baron, Artem A.
metadata.lang: -
metadata.name: dc.date.accessioned
metadata.value: 2022-03-04T12:26:53Z
metadata.lang: -
metadata.name: dc.date.available
metadata.value: 2022-03-04T12:26:53Z
metadata.lang: -
metadata.name: dc.date.issued
metadata.value: 2021-12
metadata.lang: -
metadata.name: dc.identifier.citation
metadata.value: Cherkasova V. A., Baron A. A. (2021) The impact of the ownership structure on the innovative activity of Russian companies. St Petersburg University Journal of Economic Studies, vol. 37, iss. 4, pp. 570–600.
metadata.lang: en_GB
metadata.name: dc.identifier.other
metadata.value: https://doi.org/10.21638/spbu05.2021.403
metadata.lang: -
metadata.name: dc.identifier.uri
metadata.value: http://hdl.handle.net/11701/35461
metadata.lang: -
metadata.name: dc.description.abstract
metadata.value: Capital structure determines a company’s growth prospects by affecting its investment activity.
  The article examines what type of capital, foreign or state-owned, stimulates a company’s
  innovative activity as measured by its number of patent applications. The study was carried
  out using data from 238 public Russian companies in the period 2012–2020. The results of
  the study show that state and foreign investors influence innovation to different degrees: state
  capital positively affects the number of patent applications filed, while foreign capital does not.
  The impact of political connections and board structure on research and development was investigated.
  The political ties of the CEOs and the board chairs are expressed by the experience
  of working in the public service. The presence of such experience in the company’s management
  increases the company’s innovation activity. However, political connections are effective
  only in companies with state capital, or in specific industries. The company’s state capital and
  political connections have a positive impact on the number of patent applications filed in the
  energy and industrial sectors. The presence of political ties has a positive impact on the role
  of foreign capital in innovation. The share of foreign directors has a positive effect on patents.
  Also, the presence of patents from previous years, as well as the age and size of the company,
  affects the receipt of patents in the future. The younger and larger the company, the more patent
  applications there will be.
metadata.lang: en_GB
metadata.name: dc.language.iso
metadata.value: en
metadata.lang: en_GB
metadata.name: dc.publisher
metadata.value: St Petersburg State University
metadata.lang: en_GB
metadata.name: dc.relation.ispartofseries
metadata.value: St Petersburg University Journal of Economic Studies;Volume 37; Issue 4
metadata.lang: -
metadata.name: dc.subject
metadata.value: R&D
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: innovations
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: patents
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: foreign investment
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: government ownership
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: political ties
metadata.lang: en_GB
metadata.name: dc.title
metadata.value: The impact of the ownership structure on the innovative activity of Russian companies
metadata.lang: en_GB
metadata.name: dc.type
metadata.value: Article
metadata.lang: en_GB
resources.filename: 570-600.pdf
resources.url: https://dspace.spbu.ru/bitstream/11701/35461/1/570-600.pdf
resources.format: Adobe PDF
resources.size: 871,33 kB