Methods of lease payments calculating in terms of innovations financing

Abstract

In modern economic conditions, the competitiveness of products or services in domestic and foreign markets depends significantly on the innovative activities of business entities. The use of worn out and outdated equipment is a constraining factor, which makes the efficient resource support for the national innovation system one of the central tasks for stable economic development. Leasing is one of the most effective financial instruments for solving the problem of retrofitting and upgrading of innovatively active enterprises. The main objective of the study is to develop a methodology for lease payments calculating, taking into account the process of property and financial risks insurance, which contributes to the effectiveness and attractiveness of investment activity from the point of view of both the lessee and the lessor. The article provides a comparative analysis of innovative development in Russia and abroad. The main resources of innovation financing are defined. The advantages of using leasing as a source of innovation financing are introduced. The authors reveal the practice of lease payments calculating taking into account the risk component. The main advantage of the introduced method is the inclusion of insurance against property and financial risks into lease payment in order to minimize the risks of non-fulfillment of the contract. In addition, the proposed methodology, unlike the existing approaches, makes it possible for the counterparties of the leasing agreement to man-age the optimal final leasing payment throughout the entire financing process.