УКР ENG

Search:


Email:  
Password:  

 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)

Thematic sections of the journal

Proceedings of scientific conferences


The Conceptual Foundations for the Formation of the Enterprise’s Financial Architecture
Dushak M. I.

Dushak, Maiia I. (2019) “The Conceptual Foundations for the Formation of the Enterprise’s Financial Architecture.” Business Inform 7:205–211.
https://doi.org/10.32983/2222-4459-2019-7-205-211

Section: Economics of Enterprise

Article is written in Ukrainian
Downloads/views: 1

Download article (pdf) -

UDC 658.15

Abstract:
The article is aimed at researching the conceptual foundations for the formation of the financial architecture of enterprise and establishing the relationship between them. It is defined that the concept of «financial architecture» is used at macro and microeconomic levels and convey different meanings. Two basic approaches are identified to its definition: as a dynamic system, and as an aggregate of certain elements. After the systemization of existing approaches to the interpretation of financial architecture, the author’s own understanding of this concept is provided. It is defined that the main purpose of the enterprise’s financial architecture is to ensure the growth of the market value of the business and to satisfy the interests of the owners of the enterprise as the main stakeholders. The main elements of the enterprise’s financial architecture are the structure of property, structure of capital, corporate management and control, as well as the financial model. The basic principles of formation of financial architecture are proposed. The relationship between the financial architecture, financial strategy and business model of enterprise are defined.

Keywords: structure of capital, structure of property , corporate management, financial model, strategy.

Fig.: 1. Tabl.: 1. Bibl.: 12.

Dushak Maiia I. – Postgraduate Student, Department of Finance, Banking and Insurance, Sumy State University (2 Mykoly Sumtsova Str., Sumy, 40007, Ukraine)
Email: [email protected]

List of references in article

Myers, S. C. “Financial architecture“. European Financial Management, vol. 5, no. 2 (1999): 133-141.
Prudnikov, A. O. “Finansovaya arkhitektura integrirovannoy korporativnoy struktury: sushchnost, osobennosti formirovaniya“ [Financial architecture of an integrated corporate structure: essence, features of formation]. Ekonomika i upravleniye: teoriya i praktika, no. 2 (2016): 52-60.
Laktionova, O. A., and Lukianenko, A. S. “Klasteryzatsiia typiv finansovoi arkhitektury subiektiv hospodariuvannia v Ukraini“ [Clustering of types of financial architecture of economic entities in Ukraine]. Naukovyi visnyk Khersonskoho derzhavnoho universytetu, no. 5 (2014): 71-77.
Stepanova, A. N., and Balkina, Ye. A. “Finansovaya arkhitektura kompaniy na raznykh etapakh zhiznennogo tsikla: vliyaniye na effektivnost rossiyskikh kompaniy“ [Financial architecture of companies at different stages of the life cycle: impact on the effectiveness of Russian companies]. Korporativnyye finansy, no. 3 (2013): 4-15.
Semeniuk, V. O. “Finansova arkhitektura yak mekhanizm zabezpechennia efektyvnosti finansovoi diialnosti korporatsii“ [Financial architecture as a mechanism for ensuring the efficiency of a corporation's financial activities]. Ekonomika ta derzhava, no. 9 (2015): 125-128.
Zhytar, M. O., and Nemsadze, H. H. “Kontseptualni zasady zabezpechennia finansovoi arkhitektury korporatsii“ [Conceptual framework for providing financial architecture for corporations]. Naukovyi visnyk Khersonskoho derzhavnoho universytetu. Seriia «Ekonomichni nauky», no. 24 (2) (2017): 89-91.
Kalinska, I. “Mekhanizm optymizatsii finansovoi arkhitektury zbytkovoho pidpryiemstva“ [The mechanism of optimization of the financial architecture of a loss-making enterprise]. Ekonomichnyi analiz, vol. 11 (2) (2012): 279-285.
Bychkova, N. V., and Yarovyi, A. T. “Modeliuvannia vplyvu finansovoi arkhitektury natsionalnykh korporatsii na efektyvnist finansovoi diialnosti“ [Modeling the impact of the financial architecture of national corporations on the effectiveness of financial activities]. Visnyk ONU im. I. I. Mechnykova, no. 16 (2011): 14-23.
Barclay, M. J., and Smith, C. W. “On Financial Architecture: Leverage, Maturity, and Priority“. Journal of Applied Corporate Finance, vol. 8, no. 4 (1996): 4-17.
Nakonechna, A. S. “Dynamichni kharakterystyky finansovoi arkhitektury subiektiv hospodariuvannia v umovakh dilovykh tsykliv“ [Dynamic characteristics of financial architecture of business entities in terms of business cycles]. Finansy, uchet, banki, no. 1 (2016): 265-275.
Breyli, R., and Mayers, S. Printsipy korporativnykh finansov [Principles of corporate finance]. Moscow: ZAO «Olimp-Biznes», 2008.
Bychkaylo, I. “Biznes-model: istoriya termina i raznovidnosti yego ponimaniya“ [Business model: the history of the term and varieties of its understanding]. Ekonomicheskiye strategii, no. 6 (2016): 190-196.

 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»

  © Business Inform, 1992 - 2024 The site and its metadata are licensed under CC BY-SA. Write to webmaster