APPLICATION OF FINANCIAL AND LEGAL INSTRUMENTS FOR THE DEVELOPMENT OF INNOVATION CLUSTERS

DMITRY A. SMIRNOV, LEYLA E. BOTASHEVA, ANGELINA S. KIRPA, VICTORIA A. MELNIKOVA

Abstract


Purpose: The purpose of this article is to study the issues of legislative regulation of innovation clusters in the system of financial and tax law. Methods: The authors proceeded from an interdisciplinary approach since the problem of the legal status of innovation clusters inevitably affects the subject of regulation of various branches of law and has both constitutional and legal, financial and legal, civil, administrative, and other aspects. Results: The article notes the underdevelopment of the legislative and legal field of clustering of the economy and the negative impact of the legislative factor on its full development. Legislation in the field of innovation (clustering) is not systemic, it is dominated by numerous disparate subordinate regulatory legal acts, including at the regional level. Conclusion: The main directions of financial and legal regulation of investment clusters include the budget vector, implemented through the effectiveness of the state as an investor through budget allocations. The tax regulation of innovation clusters, characterized by incentive-stimulating and mobilization orientation. The practical experience of the application of legislation in the field under consideration, as well as the most effective methods of stimulating innovation clusters, have been investigated.


Keywords


finance; financial law; innovation; tax benefits; innovation activity; innovation cluster

Full Text:

PDF

References


Alm, J., Liu, Y., Zhang, K. (2019). Financial constraints and firm tax evasion. International Tax and Public Finance, 26(1), 71 – 102. DOI: 10.1007/s10797-018-9502-7

Apanasovich, N., Alcalde-Heras, H., & Parrilli, M.D. (2016). The impact of business innovation modes on SME innovation performance in post-Soviet transition economies: The case of Belarus. Technovation, 57-58, 30-40.

Chadee, D., Roxas, B. (2013). Institutional environment, innovation capacity and firm performance in Russia. Critical Perspectives on International Business, 9(1), 19 – 39. DOI: 10.1108/17422041311299923

Chen, S.-S., Kao, W.-.C., & Wang, Y. (2021). Tax policy and innovation performance: Evidence from enactment of the alternative simplified credit. Journal of Banking & Finance, 125, 106081.

Esmaeilpoorarabi, N., Yigitcanlar, T., & Guaralda, M. (2018). Place quality in innovation clusters: An empirical analysis of global best practices from Singapore, Helsinki, New York, and Sydney. Cities, 74, 156-168.

Ferreira, L., Xavier, A., Polónia, D. (2019). R&D tax incentives: How do they impact portuguese start-ups? Journal of Technology Management and Innovation, 14(1), 34 – 39. DOI: 10.4067/S0718-27242019000100034

Filippopoulos, N., & Fotopoulos, G. (2022). Innovation in economically developed and lagging European regions: A configurational analysis. Research Policy, 51(2), 104424.

Ivus, O., Jose, M., & Sharma, R. (2021). R&D tax credit and innovation: Evidence from private firms in India. Research Policy, 50(1), 104128.

Kaplinsky, R., & Kraemer-Mbula, E. (2022). Innovation and uneven development: The challenge for low- and middle-income economies. Research Policy, 51(2), 104394.

Klyukovskaya, I., Cherkashin, E., Gabrilyan, R.R, Semenov, V., & Melekayev, R. (2018). Methodological basis of the theoretical and legal research of integration processes in the modern states. International Journal of Engineering and Technology, 7(4.38), 261-264.

Meshkov, I. (2020). Osnovnye cherty klasternoi politiki ES [Key features of EU cluster policy]. Sovremennaya Yevropa [Modern Europe], 1, 182-190.

Shestak, V., & Tyutyunnik, I. (2017). Finansovo-pravovoe obespechenie innovatsionnoi aktivnosti [Financial and legal support of innovative activity]. Finansy: Teoriya i praktika [Finance: Theory and Practice], 21(6), 118-127.

Simson, O. (2012). Innovatsionnye partnerstva na regionalnom urovne (Innovatsionnye klastery) [Innovation partnerships at the regional level (innovation clusters)]. In O.P. Oplyuk (Ed.), Issues of intellectual property: Collection of scientific papers (Vol. 10, pp. 250-264). Kyiv: National Academy of Legal Sciences of Ukraine; Research Institute of Intellectual Property.

Stankevich, G.V., Amvrosova, O.N., Atayan, G.Y., Kara-Kazaryan, T.V., Kasevich, E.V. (2019). Financial Control as a Legal Institution: A Comparative Legal Analysis of the Russian and EU Expertise. In: Popkova, E., Ostrovskaya, V. (eds) Perspectives on the Use of New Information and Communication Technology (ICT) in the Modern Economy. ISC 2017. Advances in Intelligent Systems and Computing, vol 726. Springer, Cham. https://doi.org/10.1007/978-3-319-90835-9_52

Tereshchenko, L.K. (Ed.). (2014). Tekhnoparki v infrastrukture innovatsionnogo razvitiya: monografiya [Technoparks in the infrastructure of innovative development: monograph]. Moscow: IziSP; INFRA-M, 245 p.

Tran-Nam, B., Evans, Ch. (2014). Towards the development of a tax system complexity index. Fiscal Studies, 35(3), 341 – 370. DOI: 10.1111/j.1475-5890.2014.12033.x

Yigitcanlar, T., Sabatini-Marques, J., Moreirada-Costa, E., Kamruzzaman, M., & Ioppolo, G. (2019). Stimulating technological innovation through incentives: Perceptions of Australian and Brazilian firms. Technological Forecasting and Social Change, 146, 403-412.

Zhang, J.J., & Guan, J. (2018). The time-varying impacts of government incentives on innovation. Technological Forecasting and Social Change, 135, 132-144.




DOI: http://dx.doi.org/10.21902/Revrima.v4i37.5927

Refbacks

  • There are currently no refbacks.


Bookmark and Share


Brazilian Journal of Law and International Relations e-ISSN: 2316-2880

Rua Chile, 1678, Rebouças, Curitiba/PR (Brazil). CEP 80.220-181