Systemic Risk Management of Investments in Innovation Based on CSR

Vladimir V. Lebedev, Nelia A. Deberdeeva, Natalya A. Farkova and Larisa S. Korobeinikova
Additional contact information
Vladimir V. Lebedev: Public Joint Stock Company “Quadra”, Tula 300012, Russia
Nelia A. Deberdeeva: Department of Psychology, Plekhanov Russian University of Economics, Moscow 115093, Russia
Natalya A. Farkova: Diplomatic Academy of the Ministry of Foreign Affairs of the Russian Federation, Moscow 119021, Russia
Larisa S. Korobeinikova: Department of Economic Analysis and Audit, Voronezh State University, Voronezh 394018, Russia

Risks, 2022, vol. 10, issue 5, 1-26

Abstract: The problem studied in this paper consists in the fact that the social and financial risks of investments in innovations are managed in isolation, which leads to limited results (reduces certain risks but raises other risks). This paper is devoted to the search for a new strategy of managing the risks of investments in innovations, which would allow balancing the financial interests of business and the interests of employees and is aimed at developing a framework strategy of the systemic management of all risks based on corporate social responsibility. The methodology of this research is based on regression analysis. The research sample comprises data from 80 countries of the world in 2021. The social and financial risks of investments in innovations are identified, systematized, and quantitatively measured and reconsidered from the positions of the UN SDGs. The paper’s contribution consists in substantiating a systemic interconnection between the social and financial risks of investments in innovations and the possibility of complex management of all these risks based on corporate social responsibility. The theoretical value of this paper consists in overcoming the gap in studying the social and financial risks of investments in innovations. The practical value of the authors’ conclusions and recommendations consists in the developed framework strategy being a practical guide for the systemic management of the risks of investments based on corporate social responsibility.

Keywords: strategy of corporate management; risk management; social risks; financial risks; investments in innovation; corporate social responsibility (search for similar items in EconPapers)
JEL-codes: C G0 G1 G2 G3 K2 M2 M4 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.mdpi.com/2227-9091/10/5/87/pdf (application/pdf)
https://www.mdpi.com/2227-9091/10/5/87/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jrisks:v:10:y:2022:i:5:p:87-:d:796680

Access Statistics for this article

Risks is currently edited by Mr. Claude Zhang

More articles in Risks from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().