IDEAS home Printed from
   My bibliography  Save this book chapter

Dynamics of the Innovative Activities and the Long-term Intangible Assets of Micro, Small and Medium-sized Enterprises in Bulgaria


  • Hristo Krachunov

    (Technical University of Varna, Bulgaria)

  • Snezhanka Ovcharova

    (Varna Free University, Bulgaria)


The present report contains a retrospective analysis of the innovative activities of micro, small and medium-sized enterprises in Bulgaria. It discusses the national innovation policy in the conditions of an economic crisis. The problematic spheres are commented. The innovation index of Bulgarian companies is accepted as the main criterion and indicator as a composite measure of innovation activity, which distinguishes between the levels of novelty of an innovation (new to the company, new to the national market and new internationally) and the types of innovations combined by a company (product, process, marketing and/or organizational). Four years analysis is made for the innovation intensity in Bulgarian firms. As a result total number of enterprises which introduce different innovations increased between 3 and 9 percent. In this paper the relationship between innovation intensity and the volume of firm's intangible assets is found. A four-year retrospective analysis is made of the long-term intangible assets (LTIA) of micro, small and medium-sized enterprises on the basis of their balance sheets. The statistic data have been processed graphically. The development trends are outlined by economical sectors. The authors conclude that Bulgaria needs an integrated national strategy for scientific, technological and innovation development, for defining priorities (economic sectors, technological fields) which will become the driving factor for the development of the economy as a whole; for applying working mechanisms in order to achieve the strategic goals of Bulgaria as part of the EU.

Suggested Citation

  • Hristo Krachunov & Snezhanka Ovcharova, 2011. "Dynamics of the Innovative Activities and the Long-term Intangible Assets of Micro, Small and Medium-sized Enterprises in Bulgaria," Knowledge as Business Opportunity: Proceedings of the Management, Knowledge and Learning International Conference 2011,, International School for Social and Business Studies, Celje, Slovenia.
  • Handle: RePEc:isv:mklp11:77-85

    Download full text from publisher

    File URL:
    File Function: full text
    Download Restriction: no

    File URL:
    File Function: Conference Programme
    Download Restriction: no


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:isv:mklp11:77-85. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Alen JeĹžovnik (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.