危机条件下工业企业资本结构管理的特点

S. Julia, Kuznetsova Angelina
{"title":"危机条件下工业企业资本结构管理的特点","authors":"S. Julia, Kuznetsova Angelina","doi":"10.32999/ksu2307-8030/2019-35-14","DOIUrl":null,"url":null,"abstract":"Kuznetsova Angelina. FEATURES The management structure of the capital is one of the key moments of the financial sector of the industrial business, it is the reason of the same enterprise, the efficiency of the economic, economic self-sustainability of the financial institutions. For example, the formation of a pertinent structure industrial partnership of the capital is necessary for a new sub-efficient effective function. The conducted research has shown that, it is necessary to take into account the link between the financial leverage of the financial structure and the property structure when you are managing the capital structure of industrial enterprises and taking into account financial stability, and after comparing understand which one can assess the effectiveness of the management of the structure of capital. In addition, the research of the capital structure of the enterprise was carried out by comparing the weighted average cost of capital (WACC) and the return on investment capital (ROIC). As a result, it was established that according to the methodology, the capital structure of Motor Sich JSC does not have an optimal structure, therefore the company should review the policy of capital management. We have proposed measures to improve the capital structure of this enterprise, the main of which is to increase the amount of borrowed capital in order to maximize return on equity, and it is important to increase both the income derived from the use of borrowed funds and to ensure that the profitability of new investments exceeds the weighted average cost of capital to decrease the cost of capital.Further development of this topic we consider to the study of comparison of several variants of the ratio of own and borrowed capital of the enterprise and using the method of economic modeling to identify the impact of different ratios on the financial state of the enterprise, on the results of its activities, which will allow you to choose the most optimal structure of capital.","PeriodicalId":119630,"journal":{"name":"Scientific Bulletin of Kherson State University. Series Economic Sciences","volume":"18 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2019-11-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"FEATURES OF MANAGEMENT OF THE CAPITAL STRUCTURE OF INDUSTRIAL ENTERPRISE IN CRISIS CONDITIONS\",\"authors\":\"S. Julia, Kuznetsova Angelina\",\"doi\":\"10.32999/ksu2307-8030/2019-35-14\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"Kuznetsova Angelina. FEATURES The management structure of the capital is one of the key moments of the financial sector of the industrial business, it is the reason of the same enterprise, the efficiency of the economic, economic self-sustainability of the financial institutions. For example, the formation of a pertinent structure industrial partnership of the capital is necessary for a new sub-efficient effective function. The conducted research has shown that, it is necessary to take into account the link between the financial leverage of the financial structure and the property structure when you are managing the capital structure of industrial enterprises and taking into account financial stability, and after comparing understand which one can assess the effectiveness of the management of the structure of capital. In addition, the research of the capital structure of the enterprise was carried out by comparing the weighted average cost of capital (WACC) and the return on investment capital (ROIC). As a result, it was established that according to the methodology, the capital structure of Motor Sich JSC does not have an optimal structure, therefore the company should review the policy of capital management. We have proposed measures to improve the capital structure of this enterprise, the main of which is to increase the amount of borrowed capital in order to maximize return on equity, and it is important to increase both the income derived from the use of borrowed funds and to ensure that the profitability of new investments exceeds the weighted average cost of capital to decrease the cost of capital.Further development of this topic we consider to the study of comparison of several variants of the ratio of own and borrowed capital of the enterprise and using the method of economic modeling to identify the impact of different ratios on the financial state of the enterprise, on the results of its activities, which will allow you to choose the most optimal structure of capital.\",\"PeriodicalId\":119630,\"journal\":{\"name\":\"Scientific Bulletin of Kherson State University. Series Economic Sciences\",\"volume\":\"18 1\",\"pages\":\"0\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2019-11-04\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Scientific Bulletin of Kherson State University. Series Economic Sciences\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.32999/ksu2307-8030/2019-35-14\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Scientific Bulletin of Kherson State University. Series Economic Sciences","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.32999/ksu2307-8030/2019-35-14","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 0

摘要

库兹涅佐娃安吉丽娜。资本管理结构是金融业开展产业业务的关键环节之一,它是金融机构同质化经营、经济效率化、经济自持化的原因。例如,资本产业伙伴关系的相关结构的形成是新的亚效率有效功能的必要条件。所进行的研究表明,在管理工业企业的资本结构并考虑金融稳定性时,有必要考虑到财务结构的财务杠杆与资产结构之间的联系,并通过比较了解哪一种可以评估资本结构管理的有效性。此外,通过比较加权平均资本成本(WACC)和投资资本回报率(ROIC),对企业的资本结构进行了研究。结果表明,根据该方法,汽车汽车股份有限公司的资本结构不存在最优结构,因此公司应该重新审视资本管理政策。我们提出了改善该企业资本结构的措施,主要是增加借款金额,使净资产收益率最大化,重要的是增加借款资金使用的收益,并确保新投资的盈利能力超过加权平均资金成本,以降低资金成本。进一步发展这一主题,我们考虑对企业自有资本和借入资本比率的几种变体进行比较研究,并使用经济建模的方法来识别不同比率对企业财务状况的影响,对其活动结果的影响,这将使您能够选择最优的资本结构。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
查看原文
分享 分享
微信好友 朋友圈 QQ好友 复制链接
本刊更多论文
FEATURES OF MANAGEMENT OF THE CAPITAL STRUCTURE OF INDUSTRIAL ENTERPRISE IN CRISIS CONDITIONS
Kuznetsova Angelina. FEATURES The management structure of the capital is one of the key moments of the financial sector of the industrial business, it is the reason of the same enterprise, the efficiency of the economic, economic self-sustainability of the financial institutions. For example, the formation of a pertinent structure industrial partnership of the capital is necessary for a new sub-efficient effective function. The conducted research has shown that, it is necessary to take into account the link between the financial leverage of the financial structure and the property structure when you are managing the capital structure of industrial enterprises and taking into account financial stability, and after comparing understand which one can assess the effectiveness of the management of the structure of capital. In addition, the research of the capital structure of the enterprise was carried out by comparing the weighted average cost of capital (WACC) and the return on investment capital (ROIC). As a result, it was established that according to the methodology, the capital structure of Motor Sich JSC does not have an optimal structure, therefore the company should review the policy of capital management. We have proposed measures to improve the capital structure of this enterprise, the main of which is to increase the amount of borrowed capital in order to maximize return on equity, and it is important to increase both the income derived from the use of borrowed funds and to ensure that the profitability of new investments exceeds the weighted average cost of capital to decrease the cost of capital.Further development of this topic we consider to the study of comparison of several variants of the ratio of own and borrowed capital of the enterprise and using the method of economic modeling to identify the impact of different ratios on the financial state of the enterprise, on the results of its activities, which will allow you to choose the most optimal structure of capital.
求助全文
通过发布文献求助,成功后即可免费获取论文全文。 去求助
来源期刊
自引率
0.00%
发文量
0
期刊最新文献
МОТИВАЦІЙНІ ЧИННИКИ УЧАСТІ ПАЦІЄНТІВ У КЛІНІЧНИХ ДОСЛІДЖЕННЯХ В УКРАЇНІ В УМОВАХ ВОЄННОГО СТАНУ АНАЛІЗ РОЗВИТКУ ПІДПРИЄМСТВ КОНДИТЕРСЬКОЇ ГАЛУЗІ УКРАЇНИ В УМОВАХ ВІЙСЬКОВОГО СТАНУ ДО МЕТОДИЧНИХ ЗАСАД ПЛАНУВАННЯ ФОРМУВАННЯ ЛОГІСТИЧНОГО МЕХАНІЗМУ ДІЯЛЬНОСТІ ПІДПРИЄМСТВА СУТНІСТЬ ТА ПРИНЦИПИ СТРАТЕГІЧНОГО УПРАВЛІННЯ ПІДПРИЄМНИЦЬКОЮ ДІЯЛЬНІСТЮ: ТЕОРЕТИЧНИЙ АСПЕКТ INTERNAL CORPORATE PERSONNEL TRAINING AS A FACTOR IN MANAGING ORGANIZATIONAL DEVELOPMENT
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
×
提示
您的信息不完整,为了账户安全,请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
现在去查看 取消
×
提示
确定
0
微信
客服QQ
Book学术公众号 扫码关注我们
反馈
×
意见反馈
请填写您的意见或建议
请填写您的手机或邮箱
已复制链接
已复制链接
快去分享给好友吧!
我知道了
×
扫码分享
扫码分享
Book学术官方微信
Book学术文献互助
Book学术文献互助群
群 号:481959085
Book学术
文献互助 智能选刊 最新文献 互助须知 联系我们:info@booksci.cn
Book学术提供免费学术资源搜索服务,方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。
Copyright © 2023 Book学术 All rights reserved.
ghs 京公网安备 11010802042870号 京ICP备2023020795号-1