PRACTICAL ASPECTS OF FORMATION OF THE OPTIMUM STRUCTURE OF CAPITAL OF THE ENTERPRISES

Authors

  • R. S. Kvasnitska Khmelnitsky national university

DOI:

https://doi.org/10.18371/fcaptp.v2i23.121462

Keywords:

сapital of the enterprise, capital structure, financial structure of capital, property structure of capital, optimization of capital structure.

Abstract

The article presents the results of a research of theoretical and methodological approaches of specifying tools criterion determining optimal structure of capital of the enterprise. Proposed practical recommendations for the management of the formation of the optimal structure of capital of the enterprise by the combined effect of the growth of profitability of own capital and providing of financial sustainability of the enterprise. It is noted that the basis of these recommendations is to determine normative size of property of the enterprise in cash, which must be carried out according to certain indicators solvency, dominant among which are allocated an indicator such as coefficient of absolute solvency. Substantiated specific limit values of this index, based on which it becomes possible to isolate and boundary value enterprise assets in cash, which is the maximally favorable for effectiveness of business activity. The proposed procedure of the formation optimal structure of capital of the enterprise, which enables operatively to assess the actual capital structure and predict the growth of return on equity and financial sustainability of the enterprise in the perspective.

Author Biography

R. S. Kvasnitska, Khmelnitsky national university

PhD (Economics), Associated Professor, Professor of the Department of Finance, Banking and Insurance

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Published

2017-12-30

Issue

Section

The topical questions about the development of finance, account and audit