Risk Management of Venture Investing in an Innovative Financial Economy in the Era of Global Uncertainty

The goal of this paper was to develop an approach to managing the investment mechanism in an innovative financial economy, which would fit the modern era of global uncertainty. To achieve this, we conducted trend, correlation, and regression analyses of risk management in venture investing in BRICS+ based on statistics for the period of global uncertainty (2014–2025). The compiled econometric model of the effectiveness of risk management in venture investing in the innovative financial economy of BRICS+ amid global uncertainty highlighted differences in approaches to managing the investment mechanism in this economy, depending on the level of risk it entails. In the age of free trade, the approach involved the use of the two tools of risk management of venture investing within the state management of an innovative economy: acceleration of economic growth and energy transition. In the current age of global uncertainty, there is a need for a new approach. It is developed in this paper and involves the use of market management tools: high-tech exports and the export of intellectual property objects. The perspectives of accelerating the development of an innovative financial economy of BRICS+ in the age of global uncertainty include the revision of the approach to the management of the investment mechanism in an innovative financial economy. For this, it is recommended to increase revenues from selling rights for intellectual property objects at a higher rate compared to recent years and to make a transition to an increase in the share of high-tech exports in the structure of industrial exports. The advantages of the proprietary model include the disclosure of the poorly studied experience of developing countries, accounting for global uncertainty (in the world economy), and a larger period of empirical research of the economies of the countries of BRICS+, which encompasses 2014–2025 and ensures a fuller and more precise and reliable interpretation of the dynamics of risks of venture investing and return on the measures of risk management in these countries.

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Publication Details

Journal
Journal of risk and financial management
Published
2026-03-08
DOI
https://doi.org/10.3390/jrfm19030200
Primary Topic
Business and Economic Development
Type
article
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article

Risk Management of Venture Investing in an Innovative Financial Economy in the Era of Global Uncertainty

Yuliya V. Chutcheva, Grisha Amirkhanyan, Nasrgiza S. Kasimova, Elena G. Popkova
Journal of risk and financial management
Business and Economic Development
article

Risk Management of Venture Investing in an Innovative Financial Economy in the Era of Global Uncertainty

Yuliya V. Chutcheva, Grisha Amirkhanyan, Nasrgiza S. Kasimova, Elena G. Popkova
article en

Abstract

The goal of this paper was to develop an approach to managing the investment mechanism in an innovative financial economy, which would fit the modern era of global uncertainty. To achieve this, we conducted trend, correlation, and regression analyses of risk management in venture investing in BRICS+ based on statistics for the period of global uncertainty (2014–2025). The compiled econometric model of the effectiveness of risk management in venture investing in the innovative financial economy of BRICS+ amid global uncertainty highlighted differences in approaches to managing the investment mechanism in this economy, depending on the level of risk it entails. In the age of free trade, the approach involved the use of the two tools of risk management of venture investing within the state management of an innovative economy: acceleration of economic growth and energy transition. In the current age of global uncertainty, there is a need for a new approach. It is developed in this paper and involves the use of market management tools: high-tech exports and the export of intellectual property objects. The perspectives of accelerating the development of an innovative financial economy of BRICS+ in the age of global uncertainty include the revision of the approach to the management of the investment mechanism in an innovative financial economy. For this, it is recommended to increase revenues from selling rights for intellectual property objects at a higher rate compared to recent years and to make a transition to an increase in the share of high-tech exports in the structure of industrial exports. The advantages of the proprietary model include the disclosure of the poorly studied experience of developing countries, accounting for global uncertainty (in the world economy), and a larger period of empirical research of the economies of the countries of BRICS+, which encompasses 2014–2025 and ensures a fuller and more precise and reliable interpretation of the dynamics of risks of venture investing and return on the measures of risk management in these countries.

Journal of risk and financial managementVol. 19(3)
Russian State Agrarian University - Moscow Timiryazev Agricultural Academy (RU), Peoples' Friendship University of Russia (RU), Armenian State University of Economics (AM), Tashkent State Technical University named after Islam Karimov (UZ), Tashkent State University of Economics (UZ)
Openalex Percentile: Top 36%
Business and Economic Development
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