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Исследование состава и влияния эффектов, формирующих политику привлечения источников финансирования компании
С. 21–25.
Горелов С. А., Kuzmicheva E. E.
In book
Н. Новгород: Нижегородский филиал НИУ ВШЭ, 2013.
Войко Д. В., Voyko A. V., Афанасьева Е. Ю., Финансовый менеджмент 2025 № 8 С. 321–330
The purpose of this article is a comprehensive analysis of the applicability of Sustainable Growth Ratio models for predicting the effectiveness of IPO (IPO – Initial Public Offer) of Russian companies in modern conditions. Companies of various types of activity were selected as the object of research: medicine, pharmacology, IT business, transport services, wood processing ...
Added: December 9, 2025
Ryabova E., Rossokhin V. V., Вопросы статистики 2023 Т. 30 № 5 С. 83–97
The issue of socially responsible behavior of companies is becoming more and more relevant at the present stage. At the same time, the actions undertaken by firms in the framework of socially responsible behavior most often go beyond the procedures set by the current legislation and require additional costs and funding. Positive effects are not ...
Added: October 29, 2023
Kokoreva M. S., Stepanova A. N., Povkh K., Foresight and STI Governance 2023 Vol. 17 No. 1 P. 18–32
The recent increase in the share of zero-leverage firms is most pronounced in the Software and Services, Hardware Equipment, and Pharmaceutical and Biotechnical industries. The reasons for these industries’ conservative debt policies are not fully disclosed. How companies in technological sectors manage to perform well attracting no debt and losing debt tax shield benefits is ...
Added: April 14, 2023
Islamova Shakhlo Sanzharovna, Kokoreva Maria Sergeevna, Journal of Corporate Finance Research 2022 Vol. 16 No. 2 P. 5–14
This paper presents the results of analysis of the role of foreign investors in capital structure choice. The analysis is conducted using regression analysis of panel data. Operating with data of 809 companies listed in the South Korean market in 1997-2020, we demonstrate that the debt-to-equity ratio of companies with foreign investors is lower than ...
Added: September 19, 2022
Lipatnikov V. S., Александров А. А., Вертакова Ю. В. et al., АПК: Экономика, управление 2019 № 10 С. 60–70
The world practice shows that the capital structure (proportion of own and debt capital) is important for company’s efficiency. Debt finance allows the company to invest in its growth more actively and with higher efficiency and to use the favorable situation on the market. The paper contains an analysis of the structure of the capital ...
Added: November 8, 2019
Popova S., Карлова Н., Пономаренко А. et al., Серия докладов об экономических исследованиях (Банк России) 2018 № 29 С. 1–51
В работе приводится анализ долговой нагрузки российских компаний и поднимается вопрос о неодно-родности уровня долга в разрезе отраслей экономики. Для выявления причин данной неоднородности осу-ществляется оценка регрессионной модели, в которую были включены как фундаментальные индивидуальные факторы компаний, которые обычно влияют на уровень долговой нагрузки, так и фиксированные отраслевые эффекты. Результаты анализа показали, что стандартные переменные, ...
Added: December 17, 2018
Ryabova E., Makarov A. S., Khvostova I., М.: ИНФРА-М, 2018.
The book captures the complex of questions of the theory, methodology and practice of forming the company's financial policy in conditions related to ensuring its sustainable development. It clarifies a number of concepts providing the theoretical basis, which allows us to determine the composition of current scientific and practical tasks of improving the methods of ...
Added: October 1, 2018
Булгаков А. Л., Виноградова О. С., АПК: Экономика, управление 2018 № 6 С. 26–37
The article’s purpose is an assessment of opportunities of determination of probability of crisis on the basis of significant factors. A research object is the agricultural organizations of which is characteristic dependence of business on an environment, seasonality of production works, the considerable competition, sharp fluctuation in prices of agricultural production, high wear of fixed ...
Added: September 7, 2018
Stepanova A. N., Izabella G. Kazaryan, Journal of Corporate Finance Research 2017 Vol. 11 No. 4 P. 11–35
In this article, we consider the relation between capital structure, corporate governance, ownership structure and performance of a company depending on its life cycle stages. The central aim of this study is to define the most sustainable and effective types of financial architecture by using the cluster and regression analysis. This study describes the three ...
Added: January 31, 2018
Leevik Y., Наседкина А. С., Экономика и управление 2016 № 5(127) С. 48–52
Цель. Определить взаимосвязи между финансовыми показателями и структурой капитала российских компаний.
Задачи. Проанализировать становление традиционных и современных теорий структуры капитала на развитых и развивающихся рынках; выявить внутрифирменные и внешние факторы формирования структуры капитала, специфичные для развивающихся рынков, в том числе для рынка России; построить статистические модели, релевантные поставленной цели и интерпретировать полученные результаты.
Методология. В рамках проведенного ...
Added: January 12, 2018
Kokoreva M. S., Stepanova A. N., Повх К. С., / Series WP BRP "Basic research program". 2017. No. 62/FE/2017.
This paper analyzes why high-tech firms are less likely to have debt in their capital structure. The share of zero-leverage firms increased in the US in the Software & Services, Hardware Equipment and the Pharmaceutical & Biotechnical industries which are treated as high-tech firms in our research. We divide the sample of US-based firms from ...
Added: October 27, 2017
Kokoreva M. S., ILIASOV D., Russian Management Journal 2018 Vol. 16 No. 3 P. 407–434
This study is focused on gaps in the theory of capital structure research regarding the
phenomenon of zero-debt behavior. On the sample of firms from 21 countries with emerging
capital markets over the period of 2010–2015, we show that the zero-debt policy choice
is firstly driven by financial flexibility motive, while financial constraints could be regarded
as the second ...
Added: October 19, 2017
Munir Q., Kok S. C., Teplova T. et al., North American Journal of Economics and Finance 2017 Vol. 42 P. 487–503
This study investigates the impacts of CEO power on firm financing policies (i.e. debt financing and operating leasing) using the Caner and Hansen (2004) instrumental variable threshold regressions approach. The sample consists of a panel of 297 Chinese listed small and medium sized enterprises (SMEs) over the period 2009–2012. The empirical results indicate that there ...
Added: September 28, 2017
Nechaeva I., Zavertiaeva M. A., Journal of Economics and Business 2017 No. 92 P. 10–28
Prior research on market timing theory in relation to developing markets only analyzes equity issuance and provides contradictory results. Using a sample of large Russian companies in nonfinancial sectors between 2008 and 2015, this paper analyzes both equity and debt market timing to explore the impact of market timing on firms’ capital structure. To test ...
Added: July 19, 2017
Kokoreva M. S., Stepanova A. N., Karnoukhova E., Экономическая политика 2016 Т. 11 № 6 С. 36–59
The recent restructuring of the economy has led to the fact that the leaders of information
technology sector — Apple, Google, Facebook, Microsoft, Amazon — became the largest
companies in the world, replacing the banking and oil and gas sectors. The emergence
of a large number of technology start-ups resulted in the increase of the entrepreneurial
ownership. Business founders ...
Added: March 15, 2017
Polyakova M. V., Polyakov K., Научные исследования и разработки. Экономика фирмы 2016 № 3 С. 47–53
This article is devoted to the analysis of the existence of target capital structure of insurance companies and empirical testing of wide known capital structure theories for Russian insurance companies. Trade-of and “pecking order” theories were consider and the model that reflects the impact on the capital structure indicators various characteristics of firms was build. ...
Added: January 25, 2017
Polyakova M. V., Polyakov K., Самойленко С. В., Вопросы статистики 2016 № 9 С. 17–29
The objective of this article is to analyze efficiency of business entities. This research examines the impact of capital structure on financial effectiveness of firm which characterizes its ability to reach goals related to the maximization of profit and/or value of the company for shareholders. The research is based on the indicator «return on assets» ...
Added: January 25, 2017
Metelkova E., Вестник АПК Ставрополья 2015 № 4(20) С. 346–350
Современная экономическая парадигма требует с одной стороны комплексного исследования категории «человеческий капитал», что особенно актуально в связи с отсутствием единого представления о его сущности, методах оценки, структурных элементах, факторах формирования и т.д., а с другой – обращения и осмысления научного наследия ученых, занимавшихся этой проблемой. ...
Added: December 1, 2016
Sizykh N., Sizykh D., Проблемы управления 2015 № №3 С. 49–58
In research are developed the row of new methods for express evaluation of the financial position of company on the basis of the model of matrix balance, these methods can be characterized by simplicity, clarity and reducing the time for receiving of results. At that, is provided the maintaining of required level of quality of ...
Added: October 10, 2016
Polyakov K., Polyakova M. V., Вопросы статистики 2015 Т. 11 С. 24–33
Analysis of the impact and the value of liabilities on the effectiveness of the company is one of
the most important tasks of the financial management. From the approach, used when determining the structure of sources of financing for the company and its ongoing innovation projects, depends the level of profit, and hence the worth of
business. ...
Added: April 19, 2016
Polyakova M. V., Polyakov K., Journal of Corporate Finance Research 2016 No. 1(37) P. 102–118
This article is devoted to the exploration of the mechanism of making decision about the company’s financing structure. It is shown that the interaction between various financial characteristics of company plays statistically significant role in the capital structure determination. Namely their possible values space may be split into several areas in which different, but might ...
Added: April 8, 2016
Makeeva E. Y., Саргсян Г. В., Корпоративные финансы 2014 № 1 (29) С. 4–18
This paper is concerned with stock liquidity as a factor in making capital structure decisions by
managers of Russian firms. Although a big number of studies on capital structure occurred over the
last few decades, stock liquidity has only recently attracted scholars’ attention as a possible driver
for the choice of capital structure. Yet the existing papers are ...
Added: March 15, 2016
Khasyanova S. Y., Деньги и кредит 2016 № 2 С. 33–38
Starting from 2014 Russian commercial banks shifted to the estimation of a bank capital amount and its adequacy in accordance with the international capital standards of Basel III. Before the introduction of the new capital standards in RF banking practice, numerous experts pointed out the arising problem associated with the replacement of the capital sources ...
Added: February 26, 2016