Optimization problems of capital structure of metallurgical industry companies in the context of economy digitalization

DOI

10.2991/mtde-19.2019.26How to use a DOI?

Keywords

digital economy, monetary capital, external and internal sources, monetary capital cost and structure, iron and steel industry, non-ferrous metallurgy

Abstract

The innovative way of development in the context of digitalization of the economy of the Russian Federation dictates the terms where modernization, development and strengthening of business positions on an international scale are becoming increasingly significant and obvious facts. In a number of foreign countries digital economy has already shown the feasibility of implementation and has established itself as a highly efficient tool for regulating economic processes. In market economy, companies have different opportunities to raise funds, but the value of attracted sources and the influence of qualitative and quantitative factors, both internal and external, create a certain level of financial risks, which, ultimately, can have a negative impact on the capital structure and consequently on the company value. Because of this, top managers within the framework of financial policy develop measures aimed at maximizing business value through the specific character of monetary capital formation. Thus, the prospects for the company activities are determined primarily by an optimally balanced structure of funding sources and have a key direction in business development. The transition from the generally accepted standards to the digital methods of financial resources management of the company will optimize the capital structure and increase the value of companies. The subject of this study is the analysis of the monetary capital structure of iron and steel companies as well as an assessment of the weight average capital in the framework of digital economy development in the Russian Federation. The purpose of the study – The subject of the research is to analyze the structure of the monetary capital of iron and steel companies as well as to determine its weight average price in the conditions of digital economy development in the Russian Federation, to identify problems as well as to formulate measures aimed at optimizing the capital structure and, as a result, increasing company value. The methodological basis of this research consists of such methods of scientific research as statistical, comparative and system analyses as well as generalization and forecasting.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - K.A. Shoppert
AU  - E.S. Panfilova
AU  - M.I. Lvovа
PY  - 2019/05
DA  - 2019/05
TI  - Optimization problems of capital structure of metallurgical industry companies in the context of economy digitalization
BT  - Proceedings of the 1st International Scientific Conference "Modern Management Trends and the Digital Economy: from Regional Development to Global Economic Growth" (MTDE 2019)
PB  - Atlantis Press
SP  - 141
EP  - 144
SN  - 2352-5428
UR  - https://doi.org/10.2991/mtde-19.2019.26
DO  - 10.2991/mtde-19.2019.26
ID  - Shoppert2019/05
ER  -