Foresight and STI Governance (Foresight-Russia till No. 3/2015)

2007 - 2025

From National Research University Higher School of Economics
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Volume 19, issue 3, 2025

Evaluating the Impact of Inward FDI & Economic Growth Upon the Carbon Emissions of South Korea pp. 6-15

Farrukh Navaz, Umar Kayani, Mochammad Fahlevi, Aulia Luqman Aziz and Timothy Jung

Systematic Review of Open Innovation Approaches for Industrialisation in Developing Economies pp. 17-33

Wongani Langa, David Mkwambisi and Andy Dougill

Spawning Butterflies –Value Flow across Startup Lifecycle Stages pp. 34-48

Juby Jose, Priti Bakhshi and Firdaus Khan

How to radically innovate in emerging defense ecosystems? pp. 49-63

Sepehr Ghazinoory, Rahman Mahdiani and Mehdi Fatemi

Formation Modelling for Inter-Agent Negotiation and Collaboration with the Same Value System pp. 65-77

Pri Hermawan, Darmawan Tri Nugroho, Crista Fialdila Suryanto and Aghnia Nadhira Aliya Putri

This paper critically examines the methodological inconsistencies of Environmental, Social, and Governance (ESG) ratings and their impact on financial decision-making. While ESG scores are intended to guide investors and policymakers toward responsible business practices, discrepancies in rating methodologies raise concerns about their reliability and strategic value. Using a conceptual and theoretical framework, this paper integrates perceptions from institutional theory, signaling theory, and the sociology of valuation to explore how ESG ratings shape corporate sustainability narratives. It also draws on empirical studies to demonstrate inconsistencies in ESG scores and their consequences for financial markets. The study identifies three primary flaws in ESG ratings: (1) Divergent methodologies lead to inconsistent scores across rating agencies; (2) Firms prioritize ESG disclosure over actual sustainability improvements, fostering greenwashing; and (3) The lack of transparency in ESG rating methodologies distorts investment signals, leading to mispricing risks and misaligned sustainability incentives. Additionally, the absence of strong social indicators within ESG frameworks may contribute to the ineffectiveness of these ratings in truly capturing corporate sustainability. This paper does not provide primary empirical analysis but synthesizes existing literature to propose a refined understanding of ESG ratings. It highlights the need for future research on regulatory standardization, AI-driven ESG assessments, and independent verification mechanisms. The findings suggest that investors should not rely solely on ESG ratings when making financial decisions. Instead, they should combine multiple sustainability metrics and qualitative assessments to avoid misleading investment choices. A lack of ESG rating standardization risks undermining public trust in sustainable finance and corporate responsibility efforts. Furthermore, the insufficient emphasis on social indicators within ESG ratings may hinder their ability to promote genuine corporate accountability and social progress. This paper contributes to the growing critique of ESG rating methodologies by arguing that without regulatory intervention, ESG scores will continue to serve as unreliable indicators of corporate sustainability pp. 78-85

Aykut Arslan, Serdar Yener and Abdülkadir Akturan

Agency and Narrative Creativity as Tools in Transformative Transitions pp. 86-97

Pavel Sorokin

Volume 19, issue 2, 2025

AI in U.S.-China Rivalry: Scenarios and Policies for Small States pp. 19-27

Alexis Jose Colmenares-Zapata

Scenarios of Development for Non-Ferrous Metal Markets Under the Spread of Alternative Fuel Vehicles pp. 28-41

Igor Makarov, Grigory Baranov and Matvey Chistikov

Exploring Relationship Dynamics in Entrepreneurial Ecosystems and Their Impact on Innovation pp. 43-53

Damaris Chieregato Vicentin, Gustavo Hermínio Salati Marcondes de Moraes, Nagela Bianca do Prado, Bruno Brandao Fischer, Betania Silva Carneiro Campello and Rosley Anholon

Modelling and Forecasting the Diffusion of Unicorn Startups pp. 54-67

Lamia Bouaziz and Besma Teffahi

The Role of Digital Leadership Capabilities in Enterprise-Wide Digital Transformation pp. 68-76

Philipp Goetzinger, Mario Spremic and Bozidar Jakovic

Patent Trends Analysis as a Basis for Innovation Strategies pp. 77-84

Nestor Brandão Neto, Lester Faria and Francisco Cristovao Lourenco de Melo

Dynamic Capabilities: Towards Assessment of Futures Literacy Competency pp. 86-97

Roly Gutarra Romero, Alma Gabriela Valente Mercado and Luis Ramírez Sirgo

Volume 19, issue 1, 2025

Generative AI as a Disruptive Innovation: Implications for Marketing Strategic Transformations pp. 6-15

Emad Abou Elgheit

Exploring Green Growth in SMEs: Global Trends, Challenges, and Future Directions pp. 16-31

Aghnia Nadhira Aliya Putri, Pri Hermawan, Isti Raafaldini Mirzanti, Maureen Meadows and Rosie Sadraei

Towards a Sustainable Disruptive Growth Model: Integrating Foresight, Wild Cards and Weak Signals Analysis pp. 32-49

Rafael Popper, Yuli Villarroel and Raimund Popper

Evaluation of Financial Inclusion and Financial Well-Being in expanded BRICS economies pp. 50-63

Manoj Kumar, Nasser Al Muraqab, Prashanth Bshivanna, Immanuel Azaad Moonesar, Udo Christian Braendle and Ananth Rao

Accounting for Oslo Manual: reflecting on the past and setting the stage for future research pp. 65-79

Alexandre Paredes, Bruno Damásio and Sandro Mendonça

Shaping Innovation Capabilities to Enable Transformative Sustainability Transitions in Agriculture pp. 80-91

Mohd Arif Adenan, Lily Julienti Abu Bakar and Sabariah Yaakub

Technology Adoption: Evidence from an E-Government Cloud Service pp. 93-103

Kriti Priya Gupta

Unveiling a Governance Analysis Framework for Basic Research in Iran pp. 104-117

Zohreh Karimmian and Mostafa Zamanian

Volume 18, issue 4, 2024

Entrepreneurship in Central Europe after COVID-19: Resilience amid a Crisis pp. 8-17

Ondřej Dvouletý

The Digital Entrepreneurship Ecosystem in the Central Eastern European Countries pp. 18-32

László Szerb, EnikÅ‘ Czigler and Gergely Zoltán Horváth

Contextualizing the Notion of an Entrepreneurial University: A Reflective Framework pp. 33-50

Olga Belousova, Aard Groen and Anastasia Sutormina

Entrepreneurship in Russia: A Systematic Overview of Domestic Publications pp. 51-65

Ekaterina Kozachenko, Alexander Chepurenko and Galina Shirokova

The Evaluation of GenAI Capabilities to Implement Professional Tasks pp. 67-76

Yaroslav Kouzminov and Ekaterina Kruchinskaia

Applying the Industry 4.0 Maturity Models to the Aerospace Sector pp. 77-87

Bruna Antunes de Oliveira and Francisco Cristotovao Laurence de Melo

Volume 18, issue 3, 2024

Sustainable Transformation in China Agricultural Sector - From Traditional Narrow Patterns to Smart Dynamic Production pp. 6-15

John C.G. Lee, Se Tin and Juniati Gunawan

Adapting to Disruptive Changes in the Digital World: Management Consulting Majors pp. 16-27

Alexey Bereznoy

Two Views on Open Innovation: Source of Dynamic Capabilities vs Threat for Corporate Stability pp. 29-39

Yonas Ferdinand Riwu and Andi Aris Mattunruang

The Landscape of Foresight Theory and Practice: Between Strategic and Transformational Orientation pp. 41-53

Marcus T. Anthony

Building Human Capabilities for an Increasingly Complex Entrepreneurial Ecosystem pp. 55-68

Deny John Samuvel, Jerzy R. Szymański, Marta Żurek-Mortka and Mithileysh Sathiyanarayanan

Foresight Scenarios for the Iran’s Petrochemical Industry pp. 69-83

Mohammad Amin Ghalambor

Integrating Reverse Cycle Strategy in Circular Business Model Innovation: A Case Study pp. 84-103

Ahmad Fatih Fudhla, Budisantoso Wirjodirdjo and Moses Laksono Singgih

Volume 18, issue 2, 2024

A Review of the Knowledge Worker as Prompt Engineer: How Good is AI at Societal Analysis and Future Predictions? pp. 6-20

Klaus Solberg

The AI-Driven Transformative Potential of the Gaming Industry for the Economy and Society pp. 21-30

Tee Yi Qin, Nor Hazana Abdullah and Natrah Mohd Emran

The Relationship between Corporate Political Strategy of Public Partnership and Corporate Investment pp. 31-44

Lin Woon Leong, Kelvin Lee Yong, Pek Chuen Khee, Irfah Najihah Binti Basir Malan and Ho Ree Chan

Profiles of Russian Companies at the Industry Level: Resource Management Strategies pp. 45-56

Mariia Molodchik, Iuliia Naidenova, Еvgeniya Shenkman and Еgor Ivanov

Foodtech as Part of the Circular Economy pp. 58-68

Adrian Csordas

Advanced Technologies for Bioeconomy: The Case of Microalgae Production pp. 69-83

Irina Adarchenko, Anna Kurbatova, Natalia Porotnikova, Elena Savenkova, Vinod Kumar and Yana Skorokhodova

Overcoming internal and external barriers for companies’ innovation development pp. 85-96

Valeriya Vlasova, Kseniia Boiko and Tatiana Kuznetsova

Intrapreneurship as a Driver of Business Innovation pp. 97-105

Vijay Vivek and Kumar Chandrasekhar

Volume 18, issue 1, 2024

From Discrete Skills to Holistic Creative Human Potential: An Emerging Approach in Theory and Practice pp. 6-17

Pavel Sorokin and Vera Maltseva

Research Landscape of Diabetes mHealth Technologies pp. 19-32

Pedro F. Castillo-Valdez, Marisela Rodriguez-Salvador and Yuh-Shan Ho

Public Procurement Policies to Foster Innovation Development pp. 33-45

Mohammad Reza Attarpour, Maysam Narimani, Mahdi Elyasi and Akbar Mohammadi

Conceptualizing a Seamless Model of Technology Transfer: Evidence from Public Research Institutes and Universities in Indonesia pp. 46-57

Tommy Hendrix, Syukri Yusuf Nasution, Luthfina Ariyani, Syahrizal Maulana, Adityo Wicaksono and Ferianto Ferianto

The Role of Universities in the Innovation Systems in the Developing Countries pp. 58-67

Loitongbam Athouba Meetei

Evaluating the Performance of Foresight Studies: Evidence from the Egyptian Energy Sector pp. 69-79

Yomna Atef Ahmed and ElHassan Anas ElSabry

Stakeholders and Their Participation in Foresight Projects pp. 80-91

Sergey Shashnov