BUSINESS FUNCTIONS APPROACH TO INNOVATIVE AND NON-INNOVATIVE BUSINESS COMPARISON IN LATVIA

Sergejs Hilkevics and Dace Stefenberga

Perspectives of Innovations, Economics and Business (PIEB), 2010, vol. 05, issue 2, 3

Abstract: State system of innovative business support was created in Latvia during last years and the first conclusions about the efficiency of this system can be made at present time. To evaluate the efficiency of innovative business support system it is necessary to compare in some way innovative and non-innovative companies. The main task of this article is to provide the frame for innovative and non-innovative business comparison and describe on the base of this frame the main differences between innovative and non-innovative companies in Latvia at present time. The main result of investigation is the conclusion that at present time innovative business has certain advantages for development in Latvia, especially in regions, because the main weak point of innovative business - high risk - is oppressed by general business risk growing due to economic crisis.

Keywords: Public Economics; Research and Development/Tech Change/Emerging Technologies (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:ags:jrpieb:92339

DOI: 10.22004/ag.econ.92339

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