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Capital-related expenditures on financing of the innovation projects: evaluation of the inflation risk premium


Ilyya Gurov
(about the author)

Gurov Ilyya Nikolaevich – Postgraduate of the economic faculty, Moscow State University, Chief Financial Officer, Metropolitan car-repair company

Published in:
Creative Economy
– № 6 / June, 2014



Keywords: capital intensity, competition, financial resources, inflation forecasts, inflationrisk premium, innovation investment projects, interest rate structure


Citation:
Ilyya Gurov (2014). Capital-related expenditures on financing of the innovation projects: evaluation of the inflation risk premium. Creative Economy, 8(6), 34-48. — url: http://bgscience.ru/com/lib/1251


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Abstract:

The author considers the specifics of risk profiles of innovation projects. The author’s method for the evaluation of the inflation risk premium in the interest rate structure is presented. Based on the conducted research work, the author arrives at conclusion that the inflation risk premium in the structure of long-term interest rates in Russia is about 1,8 percentage points. For this reason its decrease can decrease the costs of innovation projects.







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