ECONOMETRIC MODELING OF THE IMPACT OF EQUITY AND LOAN CAPITAL TO INCREASE INCOME FROM SALES
Activity of the enterprise in a market economy any form of ownership, organizational and legal status and aspiration branch directly depends on the sources of capital, their ratio and efficiency of use. The task of successful development of enterprises is the quality control of their capital. In this study the optimum value in accordance with the scope, structure and content production activities, the choice of rational method of building, cost and risks contributes to sustainable development of the enterprise.
In the article the actual present problem of the dependence of the income from sales of equity and loan capital is studying.
While attracting debt capital the enterprise needs to determine its financial condition and assess how loan funds affect the outcome of its activities.
According to the experts due to the lack of an established system of capital management enterprises annually lose at least 10% of their income a shortfall complete and operational financial information leads to wrong management decisions. In modern conditions of uncertainty and risk these problems are of particular relevance. For their solution requires setting an effective mechanism of financial management in the enterprise a tool to improve efficiency and manageability of enterprise, improve the financial and economic results of its activities.
The use of traditional methods limits the ability of a comprehensive diagnostic of capital. Accordingly, there is a need for modelling a new system approach to the diagnosis of capital, which must become the fundamental platform of management of any enterprise. Done econometric analysis of financial and economic performance of one of the enterprises of Lviv region, built a simple model of trends and linear regression model depending on the volume of basic enterprise of the amount of equity and debt and current assets, predicted volumes of the revenue from sales of the test enterprise on the short perspective.
On the basis of the analysis of the impact of capital structure on the financial and economic results of the company revealed that the ratio of loan and equity capital is one of the main factors to maximize the results of the company.
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