Study Findings from Peoples’ Friendship University of Russia Update Knowledge in Risk Management (Managing the Risks of Innovative Activities Focused on the Consumer Market: Competitiveness vs. Corporate Responsibility): Insurance – Risk Management

2021 NOV 04 (NewsRx) -- By a News Reporter-Staff News Editor at Insurance Daily News -- Data detailed on insurance have been presented. According to news originating from Moscow, Russia, by NewsRx editors, the research stated, “This paper aims to study the specifics of managing the risks of innovative activities during the implementation of the Sustainable Development Goals (SDGs) in entrepreneurship that is focused on the consumer market in countries with different levels of income.”

Our news correspondents obtained a quote from the research from Peoples’ Friendship University of Russia: “Design/methodology/approach The research is performed with the help of regression analysis (one-factor and multiple simple linear regression). Two samples are created for this: (1) countries with high income and (2) upper middle income and countries with lower middle income, according to the classification of World Bank GNI per capita in current USD (Atlas method).”

According to the news reporters, the research concluded: “It is determined that priorities of the consumer market (demand) are differentiated among countries with different levels of income. In countries with high income and upper middle income, corporate social responsibility does not determine the quality of life. Only competitiveness is a milestone during the implementation of the SDGs in entrepreneurship activities focused on the consumer market. In countries with lower middle income, neither corporate responsibility nor competitiveness is the decisive factor in managing the risks of innovative activities focused on the consumer market. Originality The originality of this research consists in a new view of competitiveness and corporate responsibility from the positions of their influence on the implementation of the SDGs entrepreneurship focused on the consumer market. Social implications Due to the practical implementation of the offered recommendations for corporate management of improving the practice of managing the risks of innovative activities focused on the consumer market, the Quality of Life Index will grow by 44.95% in countries with high income and upper middle income and by 98.69% in countries with lower middle income.”

For more information on this research see: Managing the Risks of Innovative Activities Focused on the Consumer Market: Competitiveness vs. Corporate Responsibility. Risks, 2021,9(173):173. (Risks - http://www.mdpi.com/journal/risks). The publisher for Risks is MDPI AG.

A free version of this journal article is available at https://doi.org/10.3390/risks9100173.

Our news editors report that more information may be obtained by contacting Julia V. Ragulina, Compliance and Controlling Department, Peoples’ Friendship University of Russia (RUDN), Miklukho-Maklay St., 117198 Moscow, Russia. Additional authors for this research include Stanislav E. Prokofyev, Tatyana V. Bratarchuk.

(Our reports deliver fact-based news of research and discoveries from around the world.)