The relationship between the capital structure and the financial efficiency of the company`s activities
Modern approaches to assessing the cost of capital of a company in order to choose the most successful structure are considered. The SARM model for estimating the cost of equity is described in detail. The indicator of economic value added was proposed as a criterion of economic efficiency. Modern a...
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Publishing House of the State University of Management
2021
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| Acceso en línea: | https://doaj.org/article/67810173d6484195a34aaf6c2c55e91e |
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oai:doaj.org-article:67810173d6484195a34aaf6c2c55e91e2021-12-03T07:43:36ZThe relationship between the capital structure and the financial efficiency of the company`s activities1816-42772686-841510.26425/1816-4277-2021-7-176-186https://doaj.org/article/67810173d6484195a34aaf6c2c55e91e2021-09-01T00:00:00Zhttps://vestnik.guu.ru/jour/article/view/2994https://doaj.org/toc/1816-4277https://doaj.org/toc/2686-8415Modern approaches to assessing the cost of capital of a company in order to choose the most successful structure are considered. The SARM model for estimating the cost of equity is described in detail. The indicator of economic value added was proposed as a criterion of economic efficiency. Modern approaches to assessing the value of a company are reflected, financial instruments and market indices used to assess the cost of capital of companies are studied. The hypothesis of the relationship between the capital structure and value was also evaluated and confirmed on the example of an operating oil and gas company, taking into account the actual results of its activities and industry characteristics.D. V. VoykoA. V. VoykoPublishing House of the State University of Managementarticlecapital structureeconomic value addedweighted average cost of capitalmarket profitabilityoil and gas producing companiessharerisk premiuminvested capitalSociology (General)HM401-1281Economics as a scienceHB71-74RUВестник университета, Vol 0, Iss 7, Pp 176-186 (2021) |
| institution |
DOAJ |
| collection |
DOAJ |
| language |
RU |
| topic |
capital structure economic value added weighted average cost of capital market profitability oil and gas producing companies share risk premium invested capital Sociology (General) HM401-1281 Economics as a science HB71-74 |
| spellingShingle |
capital structure economic value added weighted average cost of capital market profitability oil and gas producing companies share risk premium invested capital Sociology (General) HM401-1281 Economics as a science HB71-74 D. V. Voyko A. V. Voyko The relationship between the capital structure and the financial efficiency of the company`s activities |
| description |
Modern approaches to assessing the cost of capital of a company in order to choose the most successful structure are considered. The SARM model for estimating the cost of equity is described in detail. The indicator of economic value added was proposed as a criterion of economic efficiency. Modern approaches to assessing the value of a company are reflected, financial instruments and market indices used to assess the cost of capital of companies are studied. The hypothesis of the relationship between the capital structure and value was also evaluated and confirmed on the example of an operating oil and gas company, taking into account the actual results of its activities and industry characteristics. |
| format |
article |
| author |
D. V. Voyko A. V. Voyko |
| author_facet |
D. V. Voyko A. V. Voyko |
| author_sort |
D. V. Voyko |
| title |
The relationship between the capital structure and the financial efficiency of the company`s activities |
| title_short |
The relationship between the capital structure and the financial efficiency of the company`s activities |
| title_full |
The relationship between the capital structure and the financial efficiency of the company`s activities |
| title_fullStr |
The relationship between the capital structure and the financial efficiency of the company`s activities |
| title_full_unstemmed |
The relationship between the capital structure and the financial efficiency of the company`s activities |
| title_sort |
relationship between the capital structure and the financial efficiency of the company`s activities |
| publisher |
Publishing House of the State University of Management |
| publishDate |
2021 |
| url |
https://doaj.org/article/67810173d6484195a34aaf6c2c55e91e |
| work_keys_str_mv |
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| _version_ |
1718373393690001408 |