QUANTITATIVE METHODS OF FINANCIAL STABILITY DEPENDENCE ON THE COMPANY VALUE

The topics related to the financial stability assessment and market valuation of a business have received a detailed coverage in contemporary literature. However no approaches in meth-odology have been elaborated that would enable the quantitative assessment of the degree to which the financial stab...

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Autores principales:	M. A. Fedotova, T. V. Tazihina, A. S. Maltsev
Formato:	article
Lenguaje:	RU
Publicado:	Real Economics Publishing House 2014
Materias:	balance sheet value of equity operative cash outflow long-term debt of a company invested capital equity weighted average cost of capital cost of capital capital structure financial stability of a company financial leverage economic value added Risk in industry. Risk management HD61
Acceso en línea:	https://doaj.org/article/2f79e49c4add48d78d7e86e8bd028d45
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spelling	oai:doaj.org-article:2f79e49c4add48d78d7e86e8bd028d452021-11-19T10:41:58ZQUANTITATIVE METHODS OF FINANCIAL STABILITY DEPENDENCE ON THE COMPANY VALUE2618-947X2618-998410.17747/2078-8886-2014-2-52-62https://doaj.org/article/2f79e49c4add48d78d7e86e8bd028d452014-10-01T00:00:00Zhttps://www.jsdrm.ru/jour/article/view/307https://doaj.org/toc/2618-947Xhttps://doaj.org/toc/2618-9984The topics related to the financial stability assessment and market valuation of a business have received a detailed coverage in contemporary literature. However no approaches in meth-odology have been elaborated that would enable the quantitative assessment of the degree to which the financial stability indices and the market value of the company are linked together. Therefore, the econometric modelling of the dependence assessment between the cost factors and financial stability indicators poses a task relevant to present-day challenges.The authors of the article present the proof that the company value is an integral indicator, which can replace the broad range of absolute and relative financial stability ratios in the assessment of the financial stability of a business.Based on the econometric data analysis of the leading Russian and global energy companies that meet the profitability, financial stability and maturity criteria, the article proves the practical application of Modigliani—Miller theory as compared to D. Duran traditional theory of capital structure. The econometric regression correlations and the analysis of their statistical significance bring the con clusion of the ambiguity in the correlation between the Cost of Capital and Financial Leverage.M. A. FedotovaT. V. TazihinaA. S. MaltsevReal Economics Publishing House articlebalance sheet value of equityoperative cash outflowlong-term debt of a companyinvested capitalequityweighted average cost of capitalcost of capitalcapital structurefinancial stability of a companyfinancial leverageeconomic value addedRisk in industry. Risk managementHD61RU Strategičeskie Rešeniâ i Risk-Menedžment, Vol 0, Iss 2, Pp 52-62 (2014)
institution	DOAJ
collection	DOAJ
language	RU
topic	balance sheet value of equity operative cash outflow long-term debt of a company invested capital equity weighted average cost of capital cost of capital capital structure financial stability of a company financial leverage economic value added Risk in industry. Risk management HD61
spellingShingle	balance sheet value of equity operative cash outflow long-term debt of a company invested capital equity weighted average cost of capital cost of capital capital structure financial stability of a company financial leverage economic value added Risk in industry. Risk management HD61 M. A. Fedotova T. V. Tazihina A. S. Maltsev QUANTITATIVE METHODS OF FINANCIAL STABILITY DEPENDENCE ON THE COMPANY VALUE
description	The topics related to the financial stability assessment and market valuation of a business have received a detailed coverage in contemporary literature. However no approaches in meth-odology have been elaborated that would enable the quantitative assessment of the degree to which the financial stability indices and the market value of the company are linked together. Therefore, the econometric modelling of the dependence assessment between the cost factors and financial stability indicators poses a task relevant to present-day challenges.The authors of the article present the proof that the company value is an integral indicator, which can replace the broad range of absolute and relative financial stability ratios in the assessment of the financial stability of a business.Based on the econometric data analysis of the leading Russian and global energy companies that meet the profitability, financial stability and maturity criteria, the article proves the practical application of Modigliani—Miller theory as compared to D. Duran traditional theory of capital structure. The econometric regression correlations and the analysis of their statistical significance bring the con clusion of the ambiguity in the correlation between the Cost of Capital and Financial Leverage.
format	article
author	M. A. Fedotova T. V. Tazihina A. S. Maltsev
author_facet	M. A. Fedotova T. V. Tazihina A. S. Maltsev
author_sort	M. A. Fedotova
title	QUANTITATIVE METHODS OF FINANCIAL STABILITY DEPENDENCE ON THE COMPANY VALUE
title_short	QUANTITATIVE METHODS OF FINANCIAL STABILITY DEPENDENCE ON THE COMPANY VALUE
title_full	QUANTITATIVE METHODS OF FINANCIAL STABILITY DEPENDENCE ON THE COMPANY VALUE
title_fullStr	QUANTITATIVE METHODS OF FINANCIAL STABILITY DEPENDENCE ON THE COMPANY VALUE
title_full_unstemmed	QUANTITATIVE METHODS OF FINANCIAL STABILITY DEPENDENCE ON THE COMPANY VALUE
title_sort	quantitative methods of financial stability dependence on the company value
publisher	Real Economics Publishing House
publishDate	2014
url	https://doaj.org/article/2f79e49c4add48d78d7e86e8bd028d45
work_keys_str_mv	AT mafedotova quantitativemethodsoffinancialstabilitydependenceonthecompanyvalue AT tvtazihina quantitativemethodsoffinancialstabilitydependenceonthecompanyvalue AT asmaltsev quantitativemethodsoffinancialstabilitydependenceonthecompanyvalue
_version_	1718420183917264896

QUANTITATIVE METHODS OF FINANCIAL STABILITY DEPENDENCE ON THE COMPANY VALUE

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