Dynamics of the Innovative Activities and the Long-term Intangible Assets of Micro, Small and Medium-sized Enterprises in Bulgaria

Hristo Krachunov and Snezhanka Ovcharova
Additional contact information
Hristo Krachunov: Technical University of Varna, Bulgaria

from International School for Social and Business Studies, Celje, Slovenia

Abstract: The present report contains a retrospective analysis of the innovative activities of micro, small and medium-sized enterprises in Bulgaria. It discusses the national innovation policy in the conditions of an economic crisis. The problematic spheres are commented. The innovation index of Bulgarian companies is accepted as the main criterion and indicator as a composite measure of innovation activity, which distinguishes between the levels of novelty of an innovation (new to the company, new to the national market and new internationally) and the types of innovations combined by a company (product, process, marketing and/or organizational). Four years analysis is made for the innovation intensity in Bulgarian firms. As a result total number of enterprises which introduce different innovations increased between 3 and 9 percent. In this paper the relationship between innovation intensity and the volume of firm's intangible assets is found. A four-year retrospective analysis is made of the long-term intangible assets (LTIA) of micro, small and medium-sized enterprises on the basis of their balance sheets. The statistic data have been processed graphically. The development trends are outlined by economical sectors. The authors conclude that Bulgaria needs an integrated national strategy for scientific, technological and innovation development, for defining priorities (economic sectors, technological fields) which will become the driving factor for the development of the economy as a whole; for applying working mechanisms in order to achieve the strategic goals of Bulgaria as part of the EU.

Keywords: innovative activities; types of innovations; structural analysis; long-term intangible assets (search for similar items in EconPapers)
Date: 2011
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.issbs.si/press/ISBN/978-961-92486-3-8/papers/ML11-9.pdf full text (application/pdf)
http://www.issbs.si/press/ISBN/978-961-92486-3-8/MakeLearn2011.pdf Conference Programme (application/pdf)

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:isv:mklp11:77-85

Access Statistics for this chapter

More chapters in Knowledge as Business Opportunity: Proceedings of the Management, Knowledge and Learning International Conference 2011 from International School for Social and Business Studies, Celje, Slovenia
Bibliographic data for series maintained by Alen Ježovnik ().