Innovative companies’ investment activity factors

The study is devoted to the innovative companies’ investment activity factors. The financial resources’ role in the investment decision-making process is analyzed in the study with the use of the North-West Federal District innovative companies’ accounting data. The study allowed to conclude, that the financial resources don’t play the key role in the companies’ decision-making process. Region and industry categorical variables are also analyzed

Keywords: innovative companies, investment activity, forecasting


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