Взаимосвязь управления оборотным капиталом и результативностью деятельности компании

Финансы: теория и практика. 2018. Т. 22. № 4. С. 114–129.

Nazarova V., Глебов С. П.

The qualitative and efficient functioning of any enterprise that allows using a full-fledged policy, including both financial decisions. These solutions have both short-term and long-term focus, which al-lows you to assess the risks and characteristics of current activities, and design a model of behavior that brings the maximum result.

Currently, much of the work in this area is concentrated in the framework of long-term planning: the structure of capital, the ratio of the company's loan and equity capital, and the cost of capital. At the same time, investments in short-term activities and amounts of funds used in working capital are a significant share in the firm's balance sheet, and, therefore, may affect its financial performance. So, ac-cording to Rosstat data for 2016, the share of short-term financial investments of organizations was 88.7%.

Working capital means the amount invested in the current activity of the company, minus the cur-rent requirements for it. Consequently, working capital is the difference between current assets and cur-rent liabilities of the company. A competent working capital management policy allows the company to efficiently distribute the company's resources to improve the quality of its activities, observing a balance between the projected risks and performance. The urgency of the work is conditioned by the need for quality management of short-term aspects of the company's activities in order to achieve its maxi-mum effectiveness.

The purpose of the article is to determine the relationship between the components of working capital and the performance of companies in the Russian market.

Keywords: управление капиталом, эффективность деятельности компании, оборотный капитал, структура оборотного капитала, краткосрочное планирование