Mykola Vasylovych Biloshkurskyi

Bio: Mykola Vasylovych Biloshkurskyi is an academic researcher from Pedagogical University. The author has contributed to research in topics: Technological change & Sustainable development. The author has an hindex of 3, co-authored 9 publications receiving 25 citations.

Methodology of national investment and innovation security analytics

Abstract: The main problem of the research is development of a conceptual framework for investment and innovation security, as well as the methodological approach to its assessment, which will allow monitoring and identifying the threats and achieving the desired security state of the national economy. It has been proved that investment and innovation security is a multi-level phenomenon, consisting of the following levels: global, national, corporate and household ones. Investment and innovation security is determined by three components, such as state security at the external and internal markets, security of enterprises (corporations) and individual households, which requires their balancing. The methodical approach to the integrated assessment of the investment and innovation security level is developed, which involves the development of integral index as the geometric mean of 3 sub-indices, which include single indices under the national, corporate and household level. The results of this methodological approach approbation allowed us to form preconditions for finding ways of growth, forecasting trends and building scenarios for strengthening the investment and economic security of Ukraine.

The role of banks in national innovation system: general strategical analytics

Abstract: In this paper the role of the banking system in the processes of innovation system as a new direction of banking strategy is considered. Innovation ways of increasing the role of banks and minimize the risks of innovation by integrating with an innovation infrastructure is offered. Analysis of the mechanisms to support innovation by banks in India, Great Britain, Norway was conducted.The purpose of this research is to consider the main points of banking strategy development within the innovation system. Methods of current research are institutional and evolutionary approach, methods of strategical development of innovation systems and the ways of innovation development ways selection, which used for the bank’s innovation strategy development.According to analysis of the main issues of innovation banks we propose to consider the strategy of innovation investment cycle. The main points of banks innovation strategy were considered. While forming the intellectuals’ property and innovation projects portfolio banks the authors have proposed to consider peculiarities of the innovations marketing. Implementation of agreements and cooperation between bank and innovation infrastructure element will create mechanisms for information exchange, constant interaction with the participants providing and accompanied by innovation projects implementation, and for ensuring of consistent communications to support the development of specialized institutions.Analysis of financing innovation models allows to conclude that for Ukraine the corporate-state system, in which various government agencies responsible for conducting scientific and technological policies play a crucial role, is the most appropriate. Identified features of the bank’s strategy can be used in the activities of innovation system and innovation structures development.

Digital Component of Innovation Landscapes: Context of Sustainable Development at the Local Level

Abstract: The article is devoted to the application of digital platforms and solutions in science and innovation policy field for the development of local innovation landscapes. The development context of local innovative landscapes is considered within the framework of sustainable development issues. The possibilities of using digital platforms and solutions for analytical purposes are determined. Methodological and practical aspects of creating a digital-based regional technology transfer network are proposed.

Patterns identification in the dynamics of countries’ technological development in the context of military conflict

Abstract: A comparative assessment of the dynamics of technological development of Ukraine and Russia for 2014–2019 has been carried out in the context of the Russian-Ukrainian war. A method for assessing the economic losses of the conflicting parties due to a slowdown in their technological development, under the influence of militarization, based on the parameter of technological progress of the Solow-Tinbergen production function, built according to the World Bank 1991–2019 data, was proposed and tested. It is substantiated that during the Russian-Ukrainian war, starting from 2015, the technological development of the Russian Federation was curtailed and the economy transitioned to an extensive basis, when the parameter of technological progress acquired a negative value. In the case of Ukraine, a deterioration in technological development was detected due to a decrease in the values of the parameter of technological progress during 2014–2019. It has been proven that the economic recession of the aggressor is the worst in comparison with the victim country, but the relative losses of GDP due to the curtailment of technological development caused by the war are much less. In the case of the Russian Federation as an aggressor country, it is substantiated that the main catalyst for the economic recession was the curtailment of the participation of the real sector of the economy in the international transfer of technologies under the influence of international economic sanctions. In the case of Ukraine, as a country-victim of military intervention, it is justified that the replacement of international partnership in the field of technological cooperation ensured a slowdown in the economic recession. The results of the development of methodological support for the process of assessing GDP losses of the parties to a military conflict are universal for use in international comparisons. The proposed methods are relevant in assessing the technological development of countries that are or were in a state of military confrontation, which significantly expands the basis for future research by the authors

Estimated losses of innovative capacity of the parties as a result of «hybrid» Russian aggression against Ukraine

Abstract: The object of the research is the process of estimation of losses of the innovation potential of the states that are in «hybrid» military confrontation. But there appears a problem of trustworthiness of results of such estimation. It may be achieved by comparing deviations of the real dynamics of national production results taking into account factors of the physical and human capital and also technological progress. The work conducts the estimation of losses (increment) of the innovative potential of Ukraine as a state-victim and Russia as a state-aggressor in the «hybrid» war, started from the temporary occupation of the Crimean Autonomous republic and continuing till today. Estimation results are based on real (official) statistical data of the World Bank, present in public access for 1995–2017. The estimation object is the dynamics of result of the national economies of the conflict parties taking into account production factors and technological progress. There was realized the improvement of the methodical support of the estimation of innovation potential losses at the microlevel by modeling the production function of Tinbergen-Solow. As a result there was obtained the fixed and current dynamics of the technological progress parameter for the states-antagonists in the «hybrid» conflict for 2013–2017. There were calculated differences of multipliers of Tinbergen-Solow production function by the technological progress parameter – fixed for 2013 and current for 2014–2017. It was grounded that during 4 years of «hybrid» aggression renovation of the Ukrainian national economy is by 7,5 % slower than in Russia. The increment of the Ukrainian innovation potential in 2014–2017 was 2,1 % of the GDP volume for the end of 2013. Losses of the Russian innovative potential for the same period were 8,5 % of the GDP volume for 2013. The results of improving the methodical support of the process of estimating innovation potential losses of the parties of «hybrid» aggression form a base for modeling the dynamics of real GDP and its physical volume that increases a base of future studies essentially.

Social Safety of Society for Developing Countries to Meet Sustainable Development Standards: Indicators, Level, Strategic Benchmarks (with Calculations Based on the Case Study of Ukraine)

Abstract: The paper is devoted to identifying the level of social safety of society, taking into account the indicators of shadow economy, and developing its strategic scenarios as a component of sustainable development of Ukraine by 2030. The authors used the modern methods of normalisation, threshold vector determination, and dynamic weight coefficients in order to identify the level of social safety of society. The authors developed the structure and a list of indicators considering three components of social safety: The standard of living, the demographic component, and the quality of life. This method allows determining the list and severity of threats, comparing the dynamics of integral indices with integral thresholds in one scale, identifying the state of security, and defining strategic goals and strategies. The suggested approach is universal and can be used by any country, region, economic activity, or business to develop evidence-based medium-to-long-term sustainable development scenarios.

The Long-Term Effect of Digital Innovation on Bank Performance: An Empirical Study of SWIFT Adoption in Financial Services

Abstract: We examine the impact on bank performance of the adoption of SWIFT, a network-based technological infrastructure for worldwide interbank telecommunication. We construct a new longitudinal dataset of 6,848 banks in 29 countries in Europe and the Americas with the full history of adoption since SWIFT's initial operations in 1977. Our results suggest that the adoption of SWIFT (i) has large effects on profitability in the long-term; (ii) is greater for small than for large banks; and (iii) exhibits significant network effects on performance. We use an in-depth field study to better understand the mechanisms underlying the effects on profitability.

The Business of Intellectual Property: A Literature Review of IP Management Research

Abstract: Today intellectual property (IP) comprises an increasing share of firms’ resources and IP rights (IPRs) are important sources of competitiveness. Consequently, there is an increasing interest in how to properly manage IP. IP lawyers need to better understand business decisions and business managers need to better understand IP law. These needs are addressed by a growing area of research on IP management in the intersection between IP law and management. This article presents a literature review of the broad field of IP management research, with the aim to provide IP law practitioners, managers, and academics with an overview of what we know about IP management, to guide readers in how/where to learn more, and how to move forward in both research and practice. A general conclusion is that the research is rich and quickly growing, but has too little focus and data on strategic IP management issues. Both research and practice need to adopt a more holistic perspective on IP, including different rights and integrating with strategic decision-making.

Trademark or patent? The effects of market concentration, customer type and venture capital financing on start-ups’ initial IP applications

Abstract: We analyse the initial IP applications of 4,703 start-ups in the U.S., distinguishing between trademark and patent applications. Our empirical results show that start-ups are more likely to file for trademarks instead of patents when entering markets with a higher market concentration. Furthermore, we find that start-ups that are primarily active in business-to-consumer markets instead of business-to-business markets are more likely to file trademarks. Finally, the involvement of a venture capitalist (VC) affects the initial IP application. VC-backed start-ups are more likely than other start-ups to file initial IP in the form of trademarks rather than patents. This paper contributes to research on the use of IP rights in start-ups and to the literature on new venture strategy.

Factors affecting the dividend policy of non-financial joint-stock companies in Ukraine

Abstract: ARTICLE INFO Heorhiy Rohov, Oleh Kolodiziev, Nataliya Shulga, Mykhailo Krupka and Tetiana Riabovolyk (2020). Factors affecting the dividend policy of non-financial jointstock companies in Ukraine. Investment Management and Financial Innovations, 17(3), 40-53. doi:10.21511/imfi.17(3).2020.04 DOI http://dx.doi.org/10.21511/imfi.17(3).2020.04 RELEASED ON Friday, 07 August 2020 RECEIVED ON Wednesday, 24 June 2020 ACCEPTED ON Monday, 27 July 2020