Complex Innovation Risks Assessment in Agrarian Sector
AbstractThe article gives the grounds for carrying out complex assessment of innovation risks during the implementation of various innovative investment projects into agrarian sector of the economy aimed at possible avoidance and elimination of such risks. The analysis of existing risk assessment methods has been carried out resulting in the fact that all these techniques are somewhat one-sided and does not take many key factors' effect into account. In this connection, a new way of innovation risks valuation in agrarian sector has been proposed based on the complex multi-factor methodological approach. Due to the thorough analysis done, factors affecting the risks of innovation activity in agrarian sector have been highlighted. The above factors lay down the innovation activity risks modeling in agriculture. The complex approach has been formed as to the agrarian activity risks assessment based on each of the following components: production, marketing, organizational and financial. The model obtained gives the opportunity to examine more of the negative examples of innovation activity in agrarian sector of the economy.
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Bibliographic InfoArticle provided by Institute of Accounting and Finance in its journal Accounting and Finance.
Volume (Year): (2013)
Issue (Month): 1 (March)
agrarian sector; innovation; innovation risks; integrated risk assessment; risk factor;
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