The formation of economic mechanisms of corporate markets, stimulating the activation of innovative entrepreneurship

Titov V. V. () and Goryushkin А. A.
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Titov V. V.: Новосибирский государственный университет

World of economics and management / Vestnik NSU. Series: Social and Economics Sciences, 2017, vol. 17, issue 1, 135-144

Abstract: As noted by the academician N. P. Fedorenko, «economic incentives is quite rightly regarded as a force deliberately included in the system of optimal functioning of the economy». Thus, the considered problem is relevant for not only the founders and owners of individual firms and corporations, but also for the economy as a whole. The purpose of this research is to develop a theoretical and methodological approach to solving the problem of stimulation of entrepreneurship, innovation and investment activity in industrial enterprises (and other organizations) on the basis of economic incentives of their employees, ensuring the implementation of this process. The problem lies in the construction of such economic mechanism that would provide incentives at not only the level of the Corporation as a whole, but at each firm (enterprise) and division of firm level and would affect the activity of each employee. This mechanism will be viable only if the distribution of the profit received from realization of work and services in all divisions of the enterprise, firms, corporations involved in carrying out such works in accordance with the quantity and effectiveness of their work based on value added. It uses the principle of self-organization and self-government based on the allocation of the final economic result of their activities using specially designed intra-firm, transfer prices.

Keywords: stimulation of innovative business activity; mechanism of economic incentives; transfer prices; profit distribution proportional to the value added by firms; corporations; divisions of firms. (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:nos:wjflnh:2017_1_11e

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