R. Benetytė “Intensity and Risk of Corporate Innovation Investments in the Context of Country Sustainability” doctoral dissertation defence

Thesis Defense

Author, Institution: Raminta Benetytė, Kaunas University of Technology

Science area, field of science: Social Sciences, Economics, S004

Scientific Supervisor: Prof. Dr. Rytis Krušinskas (Kaunas University of Technology, Social Sciences, Economics, S004)

Dissertation Defence Board of Economics Science Field:
Prof. Dr. Daiva Dumčiuvienė (Kaunas University of Technology, Social Sciences, Economics, S004) – chairwoman
Prof. Dr. Vilija Aleknavičienė (Vytautas Magnus University, Social Sciences, Economics, S004)
Assoc. Prof. Dr. Asta Baliutė (Kaunas University of Technology, Social Sciences, Economics, S004)
Prof. Dr. Andrzej Buszko (The University of Warmia and Mazury in Olsztyn, Poland, Social Sciences, Economics, S004)
Prof. Dr. Vaida Pilinkienė (Kaunas University of Technology, Social Sciences, Economics, S004)

The doctoral dissertation is available at the libraries of Kaunas University of Technology (K. Donelaičio g. 20, Kaunas) and Klaipėda University (K. Donelaičio a. 3, Klaipėda), and at Lithuanian Energy Institute (Breslaujos   g. 3, Kaunas).


In a rapidly changing world of technology, corporates must adapt to market needs in order to remain competitive. This requires not only funds to be invested in consistent, sustainable and long-term innovation, but also systematic, good practice-based corporate governance. Corporates must be not only financially but also socially accountable to employees, the board, customers, creditors, suppliers, society and the country, have a clear management policy. However, the high risk of investing in innovation, as well as internal and external risk factors, hinder faster innovation. In addition, the countries themselves are also competing with each other for international leadership. The gap between corporate innovation investments and national sustainability is a signal that corporates and governments are moving slowly towards sustainability. Therefore, the object of the research is the intensity and risk of corporates’ innovation investments in the context of countries’ sustainability (economic, environmental and social sustainability, as well as innovation). The aim of the dissertation is to develop a methodology for assessing the intensity and risk assessment of corporates’ investments in innovation in the context of the country’s sustainability factors, which would be one of the supporting tools not only for the corporate, but also for the country. The dissertation analyzes and performs the assessment of the intensity and risk of corporates’ innovation investments, in the context of the principles of good corporate governance practices and the sustainability of their respective countries of operation, distinguishing individual sustainability segments in the assessment. This research helps to identify clear links between the factors under study in order to achieve consistent investment by corporates in innovation.

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