REGISTRATION CERTIFICATE

KV #19905-9705 PR dated 02.04.2013.

 FOUNDERS

RESEARCH CENTRE FOR INDUSTRIAL DEVELOPMENT PROBLEMS of NAS (KHARKIV, UKRAINE)

According to the decision No. 802 of the National Council of Television and Radio Broadcasting of Ukraine dated 14.03.2024, is registered as a subject in the field of print media.
ID R30-03156

 PUBLISHER

Liburkina L. M.

 SITE SECTIONS

Main page

Editorial staff

Editorial policy

Annotated catalogue (2011)

Annotated catalogue (2012)

Annotated catalogue (2013)

Annotated catalogue (2014)

Annotated catalogue (2015)

Annotated catalogue (2016)

Annotated catalogue (2017)

Annotated catalogue (2018)

Annotated catalogue (2019)

Annotated catalogue (2020)

Annotated catalogue (2021)

Annotated catalogue (2022)

Annotated catalogue (2023)

Annotated catalogue (2024)

Thematic sections of the journal

Proceedings of scientific conferences

The Features of Capital Management in Joint Stock Companies
Kvasha O. V.

Kvasha, Oleh V. (2021) “The Features of Capital Management in Joint Stock Companies.” Business Inform 2:266–273.
https://doi.org/10.32983/2222-4459-2021-2-266-273

Section: Finance, Money Circulation and Credit

UDC 657.411.3

Abstract:
The article is concerned with studying of the features of capital management in joint stock companies. The concept of joint stock capital as an economic category is considered. The approaches to determining the essence of the concept of «joint stock capital» are analyzed. The system of management of joint stock capital of enterprise is presented, it is determined that the process of joint stock capital management is an aggregate of methods, forms and instruments for attracting funds from various sources in accordance with the needs of the development of the joint stock company. The formula for assessing the market value of enterprise is considered. The process of formation of equity of the enterprise is analyzed; the advantages and disadvantages of the types of sources of this type of funding are described. The peculiarities of attracting borrowed capital are studied and the influence of this method on the financial stability of the joint-stock company is described. The peculiarities of joint stock capital management on the example of PJSC «Motor Sich» have been characterized and conclusions have been drawn on optimizing the policy of capital management in joint stock companies. On the basis of the research of the theoretical aspect of the essence of the joint stock capital it is determined that the system of capital management in a joint stock company is characterized by interdependence and consistency of various subsystems and elements upon which depends the efficiency of functioning of the whole system, and, accordingly, the final result of effective capital management of the joint-stock company. Prospects for further research in this direction are the definition of new interdependences between the elements that influence the adoption of managerial decisions in the management of joint stock capital. Further development of the theory of joint stock capital management in the context of behavioral economics can lead up to the replacement of classical economic models of behavior of the economic entity and up to the creation of a new mechanism for managing the joint stock capital of the enterprise.

Keywords: joint stock company, capital, corporate management, profit, stakeholders.

Fig.: 4. Tabl.: 1. Formulae: 1. Bibl.: 17.

Kvasha Oleh V. – Postgraduate Student, Department of Finance, The University of the State Fiscal Service of Ukraine (31 Universytetska Str., Irpіn, Kyiv region, 08201, Ukraine)
Email: [email protected]

List of references in article

Rudyka, V. I., Sukrusheva, H. O., and Hontar, T. Yu. “Teoretychna sutnist katehorii «vlasnyi kapital pidpryiemstva»“ [Theoretical Essence of the Category "The Company's Equity Capital"]. Hlobalni ta natsionalni problemy ekonomiky. 2017. http://global-national.in.ua/archive/17-2017/92.pdf.
Mochernyi, S. V. Politekonomiia [Political Economy]. Kyiv: Znannia, 2006.
Fisher, S., Dornbush, R., and Shmalenzi, R. Ekonomika [Economics]. Moscow: Delo LTD, 2005.
“Aktsionernyi kapital“ [Share Capital]. Velyka ukrainska entsyklopediia. https://vue.gov.ua/Акціонерний_капітал
Kuzheliev, M. O. “Korporatyvnyi kontrol: metodolohiia doslidzhennia, finansovyi aspekt ta modeli formuvannia“ [Corporate Control: Methodology of Advancement, Financial Aspect and Model of Formulation]. Finansy, uchet, banki, no. 1 (2012): 24-34.
Bereziuk, K. M. “Upravlinnia aktsionernym kapitalom pidpryiemstv“ [Management of Share Capital of Enterprises]. Investytsii: praktyka ta dosvid, no. 10 (2015): 95-98.
Pinchuk, A. V., and Nechyporenko, A. V. “Formuvannia investytsiinoi stratehii pidpryiemstva“ [Formation of the Investment Strategy of the Enterprise]. Mekhanizmy ekonomichnoho zrostannia i konkurentospromozhnosti natsionalnoho hospodarstva, part 1. Kyiv, 2018. 103-105.
Kuzhelev, M. A., and Yasenova, Ye. S. “Formirovaniye mekhanizma soglasovaniya interesov minoritarnykh i mazhoritarnykh aktsionerov korporatsii“ [Formation of a Mechanism for Coordinating the Interests of Minority and Majority Shareholders of the Corporation]. Aktualni problemy rozvytku finansovo-kredytnoi systemy Ukrainy. Donetsk: DonNTU, 2010. 122-124.
Modigliani, F., and Miller, M. H. “The Cost of Capital, Corporation Finance and the Theory of Investment“. The American Economic Review, vol. 49, no. 4 (1959): 655-669.
Nechyporenko, A. V., and Rybalkina, A. O. “Teoretychni aspekty formuvannia ta vykorystannia finansovykh resursiv pidpryiemstva“ [Theoretical Aspects of Formation and Use of Financial Resources of the Enterprise]. Efektyvna ekonomika, no. 11 (2020). DOI: 10.32702/2307-2105-2020.11.85
Kuzheliev, M. O., Zherlitsyn, D. M., and Nechyporenko, A. V. “Bioresources Price Trend and GDP Growth Adjustment“. International Journal of Advanced Biotechnology and Research (IJABR). 2019. https://bipublication.com/files/ijabr2019sp154Mykhailo.pdf
Kuzheliev, M. O., and Nechyporenko, A. V. “Vplyv povedinkovykh faktoriv na upravlinnia finansovoiu diialnistiu korporatsii: teoretychni aspekty“ [Influence of Behavioural Factors on Financial Management of Corporation: Theoretical Aspects]. Zbirnyk naukovykh prats Universytetu derzhavnoi fiskalnoi sluzhby Ukrainy, no. 2 (2018): 154-168. DOI: https://doi.org/10.33244/2617-5940.2.2018.154-168
“Rehuliatyvnyi potentsial finansovoho rynku v umovakh hlobalnykh vyklykiv“ [Regulatory Potential of the Financial Market in the Face of Global Challenges]. Irpin : Vydavnytstvo Natsionalnoho universytetu DPS Ukrainy, 2016. http://ir.nusta.edu.ua/jspui/bitstream/doc/790/1/650_IR.PDF
Kuzheliev, M. O. “Formuvannia paradyhmy korporatyvnoi sotsialnoi vidpovidalnosti v Ukraini“ [Corporate Social Responsibility Paradigm Formation in Ukraine]. Ekonomichnyi chasopys - XXI. 2015. http://soskin.info/userfiles/file/2015/3-4_1_2015/Kuzheliev.pdf
Davydenko, Ye. V. “Upravlinnia aktsionernym kapitalom pidpryiemstva“ [Management of Share Capital of the Enterprise]. Pridneprovskiy Scientific Bulletin. 2015. XI Materialy Mezinarodni Vedecko-Prakticka Konference «Aktualni Vymozenosti Vedy». http://www.rusnauka.com/24_AND_2015/Economics/10_198369.doc.htm
Kuzheliev, M. O., Zherlitsyn, D. M., and Zhytar, M. O. “Formalization of Dynamic Relations between Enterprise Financial Indicators“. Independent Auditor, no. 16(II) (2016): 18-26.
Ofitsiinyi sait PAT «Motor Sich». http://www.motorsich.com/ukr/

 FOR AUTHORS

License Contract

Conditions of Publication

Article Requirements

Regulations on Peer-Reviewing

Publication Contract

Current Issue

Frequently asked questions

 INFORMATION

The Plan of Scientific Conferences

 OUR PARTNERS

Journal «The Problems of Economy»