Вартісні аспекти управлінського оцінювання результативності капіталотворення на підприємстві
The article presents the results of the development of methodological principles for evaluating themanagerial effectiveness of capital formation, taking into account the modern achievements of the theory ofenterprise value. The modern problem of cost estimation of capital formation results which con...
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| Date: | 2021 |
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| Main Authors: | , |
| Format: | Article |
| Language: | Ukrainian |
| Published: |
Odesa National University of Technology
2021
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| Online Access: | //journals.ontu.edu.ua/index.php/fie/article/view/2036 |
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| Journal Title: | Food Industry Economics |
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Food Industry Economics| Summary: | The article presents the results of the development of methodological principles for evaluating themanagerial effectiveness of capital formation, taking into account the modern achievements of the theory ofenterprise value. The modern problem of cost estimation of capital formation results which consists in ambiguity of meaningful interpretations of cost (market, investment, internal, fundamental) as a criterion of estimation of capital results has been defined. The results of scientific streamlining of methods for estimating thecost of capital of the enterprise have been presented. According to the managerial approach to estimatingthe cost of capital, the priority of using the concept of economic profit was emphasized in comparison to theapproach based on discounting cash flows, which is explained by the higher level of analytical potential ofthe economic profit model, managerial effectiveness of capital formation in the enterprise, including indicators: 1) the size and structure of the cost of capital; 2) structure and dynamics of value added of capital; 3)the structure of the spread of capital formation results; 4) cost growth. The practical approbation of the presented approach to the assessment of managerial efficiency of capital formation has been made accordingto the data of food, metallurgical and machine-building enterprises of Ukraine. Based on the use of the correlation dependence method, a factor analysis of the value of the studied domestic industrial enterprises hasbeen made and the most influential fundamental factors of influence have been determined. The scientificnovelty of the obtained results lies in the development of analytical tools for valuing the managerial effectiveness of capital formation in enterprises. The practical significance of the obtained results is to determine themost influential factors in terms of ensuring the growth of capital results of domestic industrial enterprises. |
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