Optimisation of Financial Structure of the Enterprise Capital
Journal Title: Бізнес Інформ - Year 2014, Vol 4, Issue 0
Abstract
The goal of the article lies in the study of the process of optimisation of financial structure of the enterprise capital. In the result of the study the article marks out main features of availability of the efficient capital structure at an enterprise. The article shows specific features of the financial leverage effect detected during analysis of the capital structure. The conducted study of the state of capital of domestic engineering enterprises and assessment of the structure of their capital testify to a tendency of active attraction of borrowed funds into enterprise activity. The article reveals the essence of subjective and objective factors of inefficient management of the capital structure of domestic enterprises. The article marks out advantages and shortcomings of financing enterprise activity by means of various types of capital. The article reveals the essence of the efficient capital structure, which ensures growth of volumes of profit with the minimum rate of the weighted average cost of capital and these volumes are sufficient for keeping the level of enterprise profitability higher than the rate of cost of borrowed funds and maintains a sufficient level of financial sustainability of an enterprise and keeps activity risks at low levels. The article underlines main methods of achieving an efficient enterprise capital structure. Prospects of further studies in this direction are studies of the process of the enterprise capital structure formation, which should be supported with the relevant analysis and assessment of the enterprise capital structure and its activity and estimates by a number of development scenarios depending on a market situation.
Authors and Affiliations
Yevheniya Zhorova
Keywords
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