Financial instruments for managing innovative investment projects

The "Financial Instruments for Managing Innovative Investment Projects" research delves into the critical role of financial instruments in the management of innovation-focused investment projects. Central to the study is the enhancement of methodological approaches for assessing the investment appeal of projects, especially those with varying degrees of innovation. These methodologies stand out for their ability to map the potential for innovation, factoring in managerial flexibility, capital value structure optimization, and advanced analytical techniques like multipliers and reverse induction. The paper introduces a strategic mechanism for making investment decisions in promising innovation-driven projects, taking into account the complexities and risks associated with managing investment resources. This includes refined methods for project evaluation, aimed at minimizing the variability in expected returns and effectively modeling investment flows.
Further, the research highlights the significance of managerial flexibility in the realm of innovation projects, examining its impact on investment decisions and the methodologies to ascertain their fair value. This involves integrating the Hypothesis Testing Method and multiplier method, tailoring them specifically to the needs of innovation projects. Additionally, the paper presents a comprehensive review and systematization of experiences in using financial instruments for managing innovation-centric investment projects in both advanced and transitional economies. This includes a focus on stimulating innovation activities and financially evaluating such projects with an innovative lens that accounts for the unique uncertainties and risks inherent in the innovation process.
The study offers deep insights into the institutional principles of financial instruments for managing innovation-investment projects, considering the dynamic socio-economic development influenced by global trends. The emphasis throughout is on the pivotal role of innovation in shaping these financial strategies and tools.
Publisher: Family Yuhymenko Doctoral School, National University "Kyiv-Mohyla Academy", Kyiv
The full manuscript of the "Financial Instruments for Managing Innovative Investment Projects" thesis (Supervised by Lukyanenko I. G.) is available at: https://ekmair.ukma.edu.ua/handle/123456789/16856.
Dmytro Shestakov, December 2019