MECHANISM OF CAPITAL STRUCTURE MANAGEMENT STRATEGIES REALIZATION AT UKRAINIAN POWER-PRODUCING PUBLIC JOINT-STOCK COMPANIES

  • D.O. Mastiuk
Keywords: mechanism, capital structure management, management strategy, public joint-stock companies, power-producing,, capital structure management effectiveness, economic value added

Abstract

The article is dedicated to the investigation of existing tools and development of an advanced mechanism for the realization of capital structure management strategies at power-producing public joint-stock companies in Ukraine. The methodological and practical bases for the defined mechanism are introduced, as well as strategies recommended for the realization at the power-producing listed companies. Based on the introduced mechanism and chosen strategies, the guidelines for the strategies realization are suggested and the forecast of the major results is created.

References

1. Мастюк Д.О. Діагностика ефективності структури власного капіталу енергогенеруючих компаній / Д. О. Мастюк, П. В. Круш // Збірник наукових праць «Економічний вісник НТУУ «КПІ». – 2016. – №13. – с. 213-221.
2. Mastiuk D.O. “THE DETERMINANTS OF THE CAPITAL STRUCTURE EFFECTIVENESS OF UKRAINIAN LISTED POWER-PRODUCING COMPANIES” / D. O. Mastiuk// Бізнес-Інформ № 7, с. 186-195, 2017.
3. Мастюк Д.О. МЕТОДИЧНІ ЗАСАДИ ВИБОРУ СТРАТЕГІЙ УПРАВЛІННЯ СТРУКТУРОЮ КАПІТАЛУ АКЦІОНЕРНИХ ЕНЕРГОГЕНЕРУЮЧИХ ТОВАРИСТВ / Д. О. Мастюк // Економічний вісник Запорізької державної інженерної академії. – 2017. – Випуск 4 (10). – с. 76-81.
4. Mastiuk D., Krush P., Valouch P. “An Economic Value Added as a Measurement Tool of Capital Structure Effectiveness at the Power producing Enterprises”, 8th International Conference “Managing and Modelling of Financial Risks”, Ostrava, Czech Republic, 2016. – 572-580 p.
5. Mastiuk D. «PROCEDURE OF THE CAPITAL STRUCTURE MANAGEMENT STRATEGIES DEVELOPMENT: PRACTICE FROM UKRAINIAN LISTED POWER-PRODUCING COMPANIES», 12th International Conference “Challenges of Europe”, Bol, Croatia, 2017. – в друці.
6. Мастюк Д.О. «Стан та тенденції розвитку ринку електроенергії України», Підприємництво та інновації : журнал / ПВНЗ «Міжнародний університет фінансів»; редкол.: Л.Г.Смоляр (голов. ред.) та ін. – Київ, 2015. – Вип. 1. – 93-101 с.
7. Attom B.E. (2016) “Working capital management as a financial strategy to improve profitability and growth of micro and smallscale enterprises (MSEs) operating in the central region of Ghana”, International journal of research in commerce & management, № 7 (2016) (7th (July)), pp. 42-50.
8. Kolodiziev O.M., Boiko N.O. (2015) 'FORMATION OF CUSTOMER CAPITAL MANAGEMENT STRATEGIES AT ENGINEERING ENTERPRISE', Economics and management of the enterprises, 12(174), pp. 168-180.
9. Korneiev M.V., Hololobov M.I. (2012) Theoretical background of a capital management of the domestic enterprises, Available at: http://vestnikdnu.com.ua/archive/201264/korneev.html [Accessed: 28th of January 2017].
10. Leland, H. (1994). Corporate debt value, bond covenants, and optimal capital structure. Journal of Finance, 49, 1213–1252.
11. Nikolaienko L.F., Herashchenko I.O. (2010) 'Development of the financial strategy as an element of an anti-crisis program of the enterprise', Bulletin of Khmelnitsky national university, 1(1), pp. 11-15.
12. Oleksiuk, O.I. (2009). Effectiveness of enterprise's activity. D.Sc., Kyiv, Ukraine: Vadym Hetmat Kyiv National Economic University.
13. Madhavi E., Prasad M.S.V. (2015) 'An Empirical Study on Economic Value-Added and Market Value-Added of Selected Indian FMCG Companies', The IUP Journal of Accounting Research & Audit Practices, Vol. XIV(3), pp. 45-65;
14. Mahfuzah Salim, Dr. Raj Yadav (2012) 'Capital Structure and Firm Performance: Evidence from Malaysian Listed Companies', International Congress on Interdisciplinary Business and Social Science 2012 (ICIBSoS 2012), 65(2012), pp. 156-166.
15. Marno Verbeek (2008) A guide to modern econometrics, 3rd edn., Chichester, England: John Wiley & Sons.
Published
2018-02-26
Pages
135-142
Section
SECTION 4 ECONOMY AND ENTERPRISE MANAGEMENT