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1
Křivská, Romana. "Determinants of capital structure and its optimization." Doctoral thesis, Vysoká škola ekonomická v Praze, 2004. http://www.nusl.cz/ntk/nusl-76770.
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The finding of optimal debt-to-equity structure, taking into account the determinants which influence Capital Structure, is an ongoing problem in Corporate Finance. It is confirmed in theory as well as in practice in the world of Corporate Finance. There are several theoretical approaches to optimal Capital Structure, nevertheless, in practice none of these theories can be fully confirmed. The aim of the dissertation is the analysis of determinants of Capital Structure and the assessment of the application of current optimal Capital Structure theories. The significance of the individual determinants of Capital Structure is evaluated and the relationship between Leverage and certain determinants is analyzed, based on regression and correlation analysis. These tasks are based on an international point of view followed by the empirical application to mining companies in the Czech Republic and Europe. The dissertation is divided into 3 main parts which include a theoretical part, an analysis of current findings and, finally, an empirical analysis. In the theoretical part, the basic terms used in the topic of Capital Structure are defined by their different meanings in theory. These are Capital, Capital Structure and Leverage. The determinants of Capital Structure were specified with respect to the optimal Capital Structure theories, and the determination of optimal debt ratio is discussed. The analysis of current findings is focused on the empirical verification of optimal Capital Structure theories, on international examples, and on the example of the Czech Republic. Attention is dedicated to understanding the significance of determinants of Capital Structure and the determination of the relationship between Leverage and determinants of Capital Structure. A comparison of the theoretical and empirical findings is made between a group of American and European companies, and between three groups of countries (developed countries, developing countries and transition countries, including the Czech Republic). The empirical part is dedicated to the analysis of determinants of Capital Structure of mining companies in the Czech Republic and Europe. The analyzed determinants are size, profitability, tangibility of assets, and a non-debt tax shield.
2
Arici, Erdem. "Optimal Capital Structure For Build-operate-transfer Power Projects." Master's thesis, METU, 2003. http://etd.lib.metu.edu.tr/upload/1051887/index.pdf.
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Observing the deficiencies of traditional methods in meeting the demands
of today&rsquos infrastructure development has been motivating countries towards privatization of these sectors. However, due to the differences in these sectors as compared to other businesses, privatization can not be performed without strict regulations. Today, concession agreements like BOT models seem the best way for solving the problems. Financing of concession agreements plays a key role. In Turkey, most BOT projects are financed by capital structure that has a maximum debt ratio, which is allowed by the law. The objective of this study is to examine whether the maximum amount of debt ratio is the optimum amount of debt ratio. Optimization is carried out by analyzing the trade off between benefits of tax shield and the loss due to financial failure as a result of change in leverage, assuming other things are the same. A theoretical framework is developed for the analysis by selecting Adjusted Present Value Method as a financial tool. Energy generation sector in Turkey is analyzed, stock market data in Turkey is used for the analysis, and a bankruptcy prediction model is proposed for BOT projects in Turkey. Finally, by using the theoretical framework, an actual BOT model hydro electric power plant proposal is analyzed for optimization of capital structure.
3
Kavanová, Zuzana. "Kapitálová struktura a možnosti jejího ovlivňování z hlediska podniku." Master's thesis, Vysoké učení technické v Brně. Fakulta podnikatelská, 2021. http://www.nusl.cz/ntk/nusl-442892.
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The diploma thesis is focused on the issue of the capital structure of a selected company and the possibilities of affecting it from company’s perspective. The basic concepts related to the capital structure, the issue of optimizing the capital structure, the factors that affect the capital structure and the financial performance of the company are explained. Furthermore, the work deals with a proposal of ways or sources, by which the company could optimize its capital structure in order to streamline its business.
4
Lakomá, Monika. "Možnosti financování rozvoje podniku při optimalizaci jeho kapitálové struktury." Master's thesis, Vysoké učení technické v Brně. Fakulta podnikatelská, 2015. http://www.nusl.cz/ntk/nusl-225326.
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The thesis discusses the possibilities of development finance company with a view to optimizing its capital structure. In the practical part are applied the theoretical findings, is done analysis of the selected company by absolute and relative indicators, is calculated the value of the necessary capital, subsequently determined the most appropriate financing option with respect to the optimal capital structure of the company and recommended what resources the firm should finance the development.
5
Сіробаба, Д. С. "Управління капіталом підприємства." Master's thesis, Сумський державний університет, 2019. http://essuir.sumdu.edu.ua/handle/123456789/75960.
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В роботі досліджуються теоретичні та практичні аспекти управління капіталом підприємства і розроблені рекомендації щодо його удосконалення.В работе исследуются теоретические и практические аспекты управления капиталом предприятия и разработаны рекомендации по его усовершенствованию.
The theoretical and practical aspects of enterprise capital management are investigated. Recommendations on improving the capital management of the enterprise are developed.
6
Andrade, Sabrina Rocha. "Flexibilidade financeira de empresas listadas na B3 no período 2010-2016." reponame:Repositório Institucional do FGV, 2018. http://hdl.handle.net/10438/24657.
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As empresas normalmente se alavancam através de emissão de dívida e fazem isso para gerenciar suas necessidades financeiras e/ou operacionais. A teoria de trade off defende que administradores busquem um nível estático e pré-determinado de endividamento para maximizar o valor da empresa. Portanto, é esperado que saltos na alavancagem não sejam frequentes e eventuais desvios em relação ao nível ótimo sejam rapidamente corrigidos. Este trabalho analisou a estrutura de capital das empresas listadas na B3, de 2010 a 2016, a fim de verificar se a teoria de trade off pode explicar o comportamento observado durante esse período. Foi constatado que, embora não retornem prontamente ao nível anterior de alavancagem, as empresas permaneceram em níveis compatíveis com o ótimo, o que é consistente com a teoria de trade off e sinaliza que flexibilidade financeira é também uma preocupação.
Firms normally leverage their capital structure through debt issuance, in order to manage their financial and operational needs. Trade off theory suggests that managers must aim at a pre-determined and static leverage target to maximize the firm’s value. Therefore, one should not expect to observe frequent jumps in leverage, and any difference between optimal and observed leverage would be promptly corrected. This paper studied the capital structure of companies listed at B3, from 2010 to 2016, aiming to investigate if trade off theory can be used to explain their behavior during this period. It was observed that, although companies do not return to previous leverage levels quickly, they tend to stay around optimal levels, which is consistent with trade off theory and suggests that financial flexibility is also a concern.
7
Грекова, Т. С. "Оптимізація структури капіталу підприємства." Master's thesis, Сумський державний університет, 2018. http://essuir.sumdu.edu.ua/handle/123456789/71565.
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Досліджено теоретичні та практичні аспекти оптимізації структури капіталу підприємства; обґрунтовано оптимальний варіант структури капіталу для аналізованого підприємства.Исследованы теоретические и практические аспекты оптимизации структуры капитала предприятия; обоснованно оптимальный вариант структуры капитала для анализируемого предприятия.
The theoretical and practical aspects of optimization of the capital structure of the enterprise are investigated; the optimal variant of the capital structure for the analyzed enterprise is substantiated.
8
Романова, Ю. Ю. "Оптимізація структури капіталу підприємства." Master's thesis, Сумський державний університет, 2019. http://essuir.sumdu.edu.ua/handle/123456789/76338.
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Основний зміст кваліфікаційної роботи викладено на 46 сторінках, з яких список використаних джерел із 74 найменувань, який розміщено на 7 сторінках. Робота містить 12 таблиць, 9 рисунків, а також 3 додатки, які розміщені на 9 сторінках.
Основний результат роботи полягає у дослідженні особливостей процесу формування капіталу підприємства на основі власних та позикових ресурсів; обґрунтуванні основних науково-методичних підходів до визначення оптимальної структури джерел фінансування суб’єкта господарювання; проведенні змістовного аналізу фінансово-господарської діяльності ПАТ «СУМИОБЛЕНЕРГО»; оцінці динаміки та структуру джерел фінансування підприємства; представленні основних факторів, що впливають на процес оптимізації; удосконаленні внутрішнього механізму управління капіталом.
9
Zachovalová, Lenka. "Hodnocení výkonnosti podniku." Master's thesis, Vysoké učení technické v Brně. Ústav soudního inženýrství, 2014. http://www.nusl.cz/ntk/nusl-233051.
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This master´s thesis is focused on the evalution of company Lázně Poděbrady, a.s. in years 2010 – 2012. The theoretical part describes an issue of company performance measurement and the practical part contains evaluating the performance the chosen company. The last part includes suitable suggestions to ensure the continued performance of the company.
10
Sorokina, Nonna Y. "BANK CAPITAL AND THEORY OF CAPITAL STRUCTURE." Kent State University / OhioLINK, 2014. http://rave.ohiolink.edu/etdc/view?acc_num=kent1402795531.
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11
Lahiani, Mohamed. "The capital structure puzzle: On the existence of an optimal capital structure." CSUSB ScholarWorks, 2003. https://scholarworks.lib.csusb.edu/etd-project/2350.
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Corporate finance researchers have long been puzzled by low corporate debt ratios given debt's corporate tax advantage. What makes the capital structure debate especially intriguing is that the different theories represent such different, and in some ways almost diametrically opposed, decision-making processes.
12
Nivorozhkin, Eugeniy. "Essays on capital structure." Göteborg, Sweden : Dept. of Economics, Göteborg University, 2001. http://catalog.hathitrust.org/api/volumes/oclc/49281266.html.
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13
Mateus, Inês Pêgo. "Minimum capital policy and start-ups’ capital structure." Master's thesis, Instituto Superior de Economia e Gestão, 2018. http://hdl.handle.net/10400.5/17535.
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Mestrado em FinançasO presente estudo analisa como o conhecimento da lei do capital mínimo afeta a estrutura de capitais das start-ups, explorando quais as razões que levam os fundadores a estabelecer o montante de capital inicial e como a estrutura de capitais se altera nos primeiros anos da empresa. O foco deste estudo são as empresas criadas e ativas em Portugal desde 2011 nos setores de atividade elegíveis para a lei do capital mínimo. Neste estudo foram exploradas as razões que levam as start-ups a estabelecer o capital inicial. Não foi encontrada significância estatística do impacto do conhecimento da reforma do capital mínimo no montante de capital inicial. Pode também ser evidenciado que a reforma influencia o montante de dívida das start-ups e a possível realização de aumentos de capital.
The present study analyzes how the knowledge of the minimum capital policy affects start-ups' initial capital structure, exploiting how start-ups established initial capital and how their capital structure changed in the first years. The target of this study are firms founded since 2011 and currently active in Portugal in sectors of activity eligible for the minimum capital policy. It was exploited the main reasons how start-ups establish initial capital. In addition, it was found no statistically significant impact of the knowledge of the minimum capital reform on start-ups initial capital and that the reform influences start-ups' amount of debt and capital increases.
info:eu-repo/semantics/publishedVersion
14
Schauten, Maximilien Bernard Joseph. "Valuation capital structure decisions and the cost of capital /." Rotterdam, 2008. http://hdl.handle.net/1765/13480.
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15
Pissarides, Savvas. "Interactive multiple criteria optimization for capital budgeting." Thesis, University of Ottawa (Canada), 1992. http://hdl.handle.net/10393/7723.
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This thesis presents a capital budgeting problem faced by a major telecommunications company. The purpose of this thesis is to address the capital budgeting problem in order to establish a framework for the measurement and evaluation of alternative capital allocation decisions which are compatible with the mission of the company. The solution method follows three major avenues of optimization: multiple criteria, multiple constraints and interactivity. The problem is solved using the Analytic Hierarchy Process to obtain an initial solution which is then improved by an interactive method allowing users to direct the search for an acceptable allocation. The method is implemented by a decision support system hinging on a graphic user interface. The support system has been used by practitioners to evaluate alternatives of a real problem. Results and enhancements are discussed.
16
Birkeland, Mariell Kversøy, Ane Eidem Eriksen, and Ellen Ueland. "Executive Incentives and Capital Structure." Thesis, Norges teknisk-naturvitenskapelige universitet, Institutt for industriell økonomi og teknologiledelse, 2011. http://urn.kb.se/resolve?urn=urn:nbn:no:ntnu:diva-15038.
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Through a dynamic panel data analysis of a sample of Nordic firms we investigate how executives’ stock and option incentives influence the choice of capital structure. In addition, we look at how equity ownership by a large external shareholder influences the incentives’ effect on capital structure. Our results show that options have a negative effect on debt level, while stock holdings’ influence is more diffuse. We also see that only options have both a statistical and economical significant impact on leverage, and therefore operate as a stronger incentive than stocks. No significant dependency is found between the size of the largest external shareholder and the incentives’ effect on capital structure. Still, we see a weak trend indicating that the effect of equity based incentives is stronger when firms’ largest shareholders are institutional.
17
Chan, Yan-cheong Archie, and 陳忍昌. "Capital structure of selected industries." Thesis, The University of Hong Kong (Pokfulam, Hong Kong), 1989. http://hub.hku.hk/bib/B31264268.
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18
Choi, Youngrok. "Taxes and corporate capital structure /." free to MU campus, to others for purchase, 2003. http://wwwlib.umi.com/cr/mo/fullcit?p3115535.
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Kisgen, Darren J. "Credit ratings and capital structure /." Thesis, Connect to this title online; UW restricted, 2004. http://hdl.handle.net/1773/8825.
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20
Lawson, Daniel. "Two essays on capital structure." Tallahassee, Florida : Florida State University, 2009. http://etd.lib.fsu.edu/theses/available/etd-06242009-150345.
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Thesis (Ph. D.)--Florida State University, 2009.Advisor: James S. Ang, Florida State University, College of Business, Dept. of Finance. Title and description from dissertation home page (viewed on Oct. 20, 2009). Document formatted into pages; contains vi, 73 pages. Includes bibliographical references.
21
Wang, Senyu. "Essays in bank capital structure." Thesis, University of Glasgow, 2019. http://theses.gla.ac.uk/40939/.
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This thesis provides an in-depth discussion on banks' capital structure which has drawn very little attention from the literature. It consists of three major empirical essays. The first essay (Chapter III) reviews the major conclusions drawn from the traditional corporate finance literature that has at length examined the capital structures of non-financial firms, while compares their findings with the limited work on the leverage decisions of banking firms. It aims to provide an insight into the factors that actually govern banks' capital choices, cast doubt on whether capital requirements are binding and primarily decide the bank leverage, and introduce the core assumption of this thesis - information asymmetry as an important determinant of capital structure decisions. The second essay (Chapter IV) empirically investigates the effects of information asymmetry on capital structure adjustments of US bank holding companies (BHCs) during 1986 to 2015. By identifying BHCs with bankrupt subsidiaries and arguing that their managers possess better knowledge than market investors concerning the failure of their subsidiaries, this chapter disentangles the real effect of private information on the capital structures of holding banks. The results show that subsidiary failure significantly affects financial policies of the parent companies. Specifically, BHCs increase leverage as early as one year prior to the failure of their subsidiaries, and substantially lower leverage after subsidiary failure. Further tests document that the parent BHCs increase not only debt borrowing but also liquidity assets, and curtail lending in advance to avoid further liquidity and financial constraint problems after their subsidiary failure. Examinations on the dynamic patterns of these BHCs' performance around the subsidiary failure time confirm a smoother performance transition. The third essay (Chapter V) adds to the evidence in Chapter IV and discusses the information asymmetry effect by identifying a different treatment group - BHCs with subsidiaries engaging in M&A activities. The findings lend further support to the core assumption in this thesis. The chapter also finds the indication that financial constraints of BHCs are on average mitigated following their subsidiaries receiving capital infusion following the M&A deals. Overall, this thesis has important implications for the public to understand various incentives that banks may have in making their capital structure decisions.
22
Hebert, Camille. "Essais sur la Structure du Capital et le Capital Humain." Thesis, Paris Sciences et Lettres (ComUE), 2019. http://www.theses.fr/2019PSLED073.
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Cette thèse comprend trois chapitres et étudie la structure organisationnelle de l'entreprise à un stade différent de son cycle de vie : démarrage, croissance, grande entreprise. Le premier chapitre examine les raisons sous-jacentes aux différences de financement entre hommes et femmes entrepreneurs dans le contexte de l'industrie du capital risque. Ce chapitre met en lumière les effets des stéréotypes de genre qui entravent la croissance des jeunes entreprises fondées par des entrepreneurs issus des minorités de genre. Dans ce contexte, le capital humain des entrepreneurs atténue dans une certaine mesure les stéréotypes des investisseurs. Le deuxième chapitre décrit les conditions dans lesquelles les entreprises choisissent de croitre en achetant une entreprise existante plutôt que de se développer en prenant appui sur les ressources en termes de capital humain. Le troisième chapitre porte sur les grands groupes d'entreprises. Ce chapitre montre que les investisseurs ne sont pas toujours conscients des limites de la structure de l'entreprise et omettent de l’information prédictive révélée à un autre niveau du groupeThis thesis consists of three chapters and studies the firm's organizational structure at a different stage of its life cycle: early-stage, growth, business group. The first chapter investigates the underlying reasons for the gender funding gap in the venture capital industry. It highlights a significant role for investors' stereotypes that ultimately impedes minority-founded startups' growth. Entrepreneurs’ human capital mitigates to some extends investors’ stereotypes. The second chapter identifies conditions under which firms choose to grow by buying an incumbent company as opposed to building on their pre-existing human capital resources. The third chapter focuses on large business groups. It provides evidence that investors are not always aware of the boundaries of the firm and miss predictive information released at another level of the group
23
Fosu, Samuel. "Capital structure, product and banking market structure and performance." Thesis, University of Leicester, 2014. http://hdl.handle.net/2381/28601.
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This thesis consists of three distinct essays on finance, market structure and performance. Paying particular attention to the degree of industry competition, the first essay investigates the relationship between capital structure and firm performance using panel data consisting of 257 South African firms over the period 1998 to 2009. The essay applies a novel measure of competition, the Boone indicator, to the leverage-performance relationship. The results suggest that financial leverage has a positive and significant effect on firm performance. It is also found that product market competition enhances the performance effect of leverage. The results are robust to alternative measures of competition and leverage. The second essay examines the extent of banking competition in African subregional markets. A dynamic version of the Panzar-Rosse model is adopted beside the static model to assess the overall extent of banking competition in each subregional banking market over the period 2002 to 2009. Consistent with other emerging economies, the results suggest that African banks generally demonstrate monopolistic competitive behaviour. Although the evidence suggests that the static Panzar-Rosse H-statistic is downward biased compared to the dynamic version, the competitive nature identified remains robust to alternative estimators. Paying particular attention to the degree of banking market concentration in developing countries, the third essay examines the effect of credit information sharing on bank lending. Using bank-level data from African countries over the period 2004 to 2009 and a dynamic two-step system generalised method of moments (GMM) estimation, it is found that credit information sharing increases bank lending. The degree of banking market concentration moderates the effect of credit information sharing on bank lending. The results are robust to controlling for possible interactions between credit information sharing and governance.
24
Volsky, A. "Site structure analysis and optimization." Thesis, Sumy State University, 2017. http://essuir.sumdu.edu.ua/handle/123456789/54689.
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The article contains information about
current situation of site development, reasons why
sites are so essential for activity of organizations and
why researches of their structure improvement are so
important. Short analysis of previous researches is
provided, with their negative features and ways for
further researches being exposed. Several ways to
formulate recommendations and requirements for site
structure are suggested, as well as methods for its
optimization. A method for implementation of
research results as software product is proposed. The
information about an example of such software which
performs analysis of sites of educational institution is
provided too.
25
Serfling, Matthew. "Firing Costs and Capital Structure Decisions." Diss., The University of Arizona, 2015. http://hdl.handle.net/10150/555889.
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I explore the passage of wrongful discharge laws by U.S. state courts that allow workers to sue employers for unjust dismissal as an exogenous increase in employee firing costs. I find that firms reduce debt ratios following the adoption of these laws, and this result is strongest for subsamples of firms that experience larger increases in expected firing costs. Following the passage of these laws, firms also increase cash holdings, firms save more cash out of cash flows, and investors place a higher value on each additional dollar of cash holdings. Overall, my results indicate that employee firing costs can have an important impact on corporate financial policy decisions.
26
Tompkins, Lindsay. "Capital Structure in Corporate Carve-outs." Honors in the Major Thesis, University of Central Florida, 2006. http://digital.library.ucf.edu/cdm/ref/collection/ETH/id/1006.
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This item is only available in print in the UCF Libraries. If this is your Honors Thesis, you can help us make it available online for use by researchers around the world by following the instructions on the distribution consent form at http://library.ucf.edu/Systems/DigitalInitiatives/DigitalCollections/InternetDistributionConsentAgreementForm.pdf You may also contact the project coordinator, Kerri Bottorff, at kerri.bottorff@ucf.edu for more information.Bachelors
Business Administration
Finance
27
Nguyen, Thu Thuy. "Capital structure, strategic competition, and governance." [Rotterdam] : Rotterdam : Erasmus Research Institute of Management (ERIM), Erasmus University Rotterdam ; Erasmus University [Host], 2008. http://hdl.handle.net/1765/14005.
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Simard, Roch. "Structure du capital et management stratégique /." Thèse, Chicoutimi : Université du Québec à Chicoutimi, Département des sciences économiques et administratives, 1991. http://theses.uqac.ca.
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Shoham, Bazel Ofra. "GENDER EFFECTS ON FIRM CAPITAL STRUCTURE." Diss., Temple University Libraries, 2017. http://cdm16002.contentdm.oclc.org/cdm/ref/collection/p245801coll10/id/445929.
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Business Administration/FinancePh.D.
The literature of sociobiology and culture recognize that, statistically, females often make different choices than males across a wide range of issues. Scholars of business, economics, and finance find that females react differently than males to diverse financial and business situations. Moreover, extant research indicates that females on boards of directors exert a positive impact on monitoring, value, and performance. This dissertation extends the gender literature by empirically testing the hypothesis that female board representation limits the use of debt in firms’ capital structures because of females’ greater risk aversion, lower overconfidence, and less competitive nature compared with males. The empirical results indicate that influential female representation, such as a female chair of the board, has a causal negative and significant impact on the leverage of the company.
Temple University--Theses
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Bayster, Andrew P. (Andrew Philip). "Capital structure in mixed-use development." Thesis, Massachusetts Institute of Technology, 2005. http://hdl.handle.net/1721.1/33190.
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Thesis (S.M.)--Massachusetts Institute of Technology, Dept. of Urban Studies and Planning, 2005.This electronic version was submitted by the student author. The certified thesis is available in the Institute Archives and Special Collections.
Includes bibliographical references (leaf 71).
A survey-based approach was employed to determine the most important factors contributing to the successful financing of mixed-use development. Individual real estate developers were contacted to discuss their specific projects along with construction and permanent lenders. These projects contained three or more uses and were located in major metropolitan infill locations across the US. Specific questions were asked about the entire capital structure including equity, construction and permanent debt. 'The thesis contains a background on mixed-use development and its growing importance in the marketplace, discussion of equity and lending fundamentals within commercial real estate, a presentation of the data and finally an analysis of the findings. From the data, three main factors were derived that affect the ability of mixed-use developments to successfully receive financing. These include the size of the developer in relation to the project, the amount of pre-leasing and pre-sales completed and the ability to compartmentalize the project by use. These conclusions are important for any developer attempting to complete a mixed-use development of any size or complexity. To successfully build the project and appease any lender concerns, the developer must address each issue.
by Andrew P. Bayster.
S.M.
31
Perez, Giovanni. "Essays on Capital Structure of Nations." ScholarWorks@UNO, 2018. https://scholarworks.uno.edu/td/2539.
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Le, Forner Hélène. "Human capital inequalities : family structure matters." Thesis, Paris 1, 2019. http://www.theses.fr/2019PA01E039/document.
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Ces dernières décennies, la famille a connu des changements majeurs dans la majorité des pays de l’OCDE. D’une part, le taux de fertilité a baissé ; d’autre part, le nombre de séparation a fortement augmenté. Cette thèse se propose d’étudier les effets de ces changements de la structure familiale sur le capital humain des individus, en l’envisageant comme une nouvelle source d’inégalités. Dans un cadre micro-économique, cette thèse mobilise les outils économétriques pour les appliquer à de larges bases de données. Les trois chapitres de cette thèse présentent des résultats nouveaux sur l’effet de la séparation parentale et de la taille de la famille sur le capital humain de l’individu. Le premier chapitre porte sur l’effet de la séparation parentale en France sur la réussite professionnelle des individus, et montre un effet négatif de la séparation parentale sur le niveau d’étude et la position sociale de l’individu. En s’appuyant sur des données américaines, le second chapitre s’intéresse aux mécanismes expliquant cet effet, et en particulier, sur les changements du temps passé avec les parents. Ainsi, 30% de l’effet de la séparation parentale sur le développement socio-émotionnel des enfants serait expliqué par la baisse du temps passé avec au moins un parent présent. Le troisième chapitre considère un autre aspect de la structure familiale : la taille de la famille. Nous trouvons que l’arrivée d’un troisième enfant dans la famille diminue les compétences socio-émotionnelles des autres enfants, en particulier chez les fillesFamily has known great transformations in the last decades in a large number of OECD countries. On one hand, fertility rates have decreased. On the other hand, the number of separations has increased sharply. This thesis asks whether these major changes of family structure affect child’s human capital, being a new source of inequalities. Using very large datasets and micro-econometric methods, the three chapters present original empirical evidence on whether parental separation and family size impact individual’s human capital. The first chapter studies the effect of parental separation in France on individual’s achievement, and find a negative effect of parental separation on individual’s educational attainment and social position. Using an American dataset, the second chapter asks whether this effect is driven by changes in time spent with parents, and find that 30% of the effect of parental separation on socio-emotional skills is explained by the decrease in time spent with at least one parent present. The third chapter accounts for another aspect of family structure: the number of children. Using a British dataset, we find that having a second sibling in the United Kingdom decreases the child’s socio-emotional skills, especially for girls
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Chen, Rei-Ning. "Regulation Fair Disclosure and Capital Structure." The Ohio State University, 2009. http://rave.ohiolink.edu/etdc/view?acc_num=osu1250181533.
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Yu, Albert Chun-ming. "The dynamics of capital structure choice." Thesis, University of British Columbia, 1985. http://hdl.handle.net/2429/24408.
Full textAbstract:
This thesis employs two-period state-contingent model based upon the "tax shield plus bankruptcy costs" approach to examine the dynamic capital structure decision. By allowing recapitalization at the end of period one, we can analyse the dynamics of the firm's capital structure choice. Also, the effect of a call provision on bonds can be examined.
Simulated results show that the firm will recapitalize at the end of period one only if the gain in firm value, with- or ex-dividend, resulting from recapitalization exceeds the after-tax flotation costs. There exists a tolerable recapitalization boundary within which the firm will not recapitalize. This implies that the empirically observed capital structure is not necessarily at the acme of the firm value function, as most empirical studies assume.
Another important result is that a call provision on bonds may be wealth reducing; the call provision may reduce the wealth of shareholders by inducing recapitalization in states which is suboptimal if there is no call provision, and incurs flotation costs which could have been avoided. The gain in firm value resulting from recapitalization may be too small to justify the extra flotation costs and thus reduces the overall firm value.Business, Sauder School of
Graduate
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Lima, Elaine Janine Martins de. "Determinants of start-ups capital structure." Master's thesis, Instituto Superior de Economia e Gestão, 2013. http://hdl.handle.net/10400.5/7377.
Full textAbstract:
Mestrado em FInançasO objetivo deste trabalho é analisar os determinantes mais relevantes da estrutura de capital inicial de novas empresas, através do desenvolvimento de um estudo empírico. A estrutura de capital tem sido a ser um dos temas mais controversos na literatura financeira. Embora haja uma grande quantidade de estudos empíricos e teóricos sobre este tema, não há ainda acordo na escolha da estrutura ótima de capital. Grande parte dos estudos concentra-se em empresas estabelecidas, negligenciando o tema das novas empresas. Recentemente, final dos anos 90, estudos sobre a estrutura de capital começaram a abordar o tema start-ups e pequenas empresas. Neste sentido, combinando dados financeiros de empresas e dados do fundador, que contêm informações detalhadas sobre as start-ups Portuguesas ao longo do período 2004 a 2009, a influência de fatores como o tamanho, a estrutura de ativos, o crescimento e as características dos fundadores na estrutura de capital inicial de start-ups foram analisadas. Os resultados confirman a hipótese de que o tamanho e a estrutura de ativos têm um impacto positivo sobre a estrutura de capital das start-ups, enquanto que o crescimento tem uma relação negativa. Esses resultados são consistentes com a teoria do pecking order que refere os problemas de assimetria de informação e a teoria do trade-off que refere os problemas de agência. O nível de significância e o impacto das características dos fundadores, nomeadamente a experiência no setor, regional e empresarial, educação, idade e género na estrutura de capital inicial das start-ups varia muito, não fornecendo resultados consistentes.
The objective of this paper is to analyze the most relevant determinants of new ventures initial capital structure, by developing an empirical study. Capital Structure has been one of the most controversial issues in financial literature during the past years. Although exists an enormous amount of empirical and theoretical studies on this topic, there is no agreement in choosing the optimal capital structure. Much of the existing research focuses on established firms, neglecting the field of entrepreneurial finance. Only recently, in the late 90s, the studies on capital structure were extended to start-ups and small firms. Concerning this, by combining Portuguese firm-level financial data with the matched employer-employee database, that contains unique and detailed information about the start-ups during the period 2004 to 2009, the influence of factors such as size, asset structure, growth orientation and owners' characteristics on start-ups initial capital structure were examined. The results support the hypotheses that size and asset structure have a positive impact on start-ups initial capital structure, while growth have a negative relation. These results are also consistent with the pecking order theory that incorporates information asymmetries issues and the trade-off theory with the agency problems. The level of significance and impact of owners' characteristics such as industry experience, regional experience, entrepreneurial experience, education, age and gender on start-ups initial capital structure varies widely, not providing consistent results.
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Pina, Filipa Alexandra Norte. "Gazelles and their initial capital structure." Master's thesis, Instituto Superior de Economia e Gestão, 2018. http://hdl.handle.net/10400.5/17637.
Full textAbstract:
Mestrado em FinançasEmpresas gazelas têm sido alvo de muitos estudos dado o seu importante contributo para a economia. Elas são, segundo a OCDE, empresas com menos de cinco anos que, tendo um número mínimo de trabalhadores, atingem um crescimento anualizado de 20% ao ano durante três anos consecutivos. O objetivo deste trabalho é perceber se existem diferenças que distingam a estrutura de capital de empresas gazelas de empresas não gazelas. Mais especificamente, nós avaliamos se as gazelas apresentam maiores necessidades de capital e se as fontes de capital divergem entre os dois tipos de empresa. A fim de cumprimos o objetivo deste trabalho, utilizámos a base de dados "Central de Balanços" que é composta por dados de todas as empresas portuguesas criadas entre 2006 até 2015. Assim, identificámos cerca de 94 066 empresas não financeiras nascidas entre 2006 e 2011 das quais apenas 307 são gazelas. Os nossos resultados sugerem que as empresas gazelas obtêm valores mais elevados de capital total inicial, sugerindo que estas empresas têm maiores necessidades de financiamento do que as não-gazelas. A fim de financiarem as suas atividades, as gazelas tendem a usar mais capitais próprios do que dívida, uma vez que apresentam valores do rácio debt-to-capital inferiores às empresas não gazelas, mesmo considerando que a crise financeira e soberana influenciou a subida deste rácio para empresas nascidas entre 2008 e 2011.
Gazelle firms have been the center of many studies given their important contribution for the economy. According to OECD, they are firms with less than 5 years that, have a minimum number of employees, achieve an annualized growth of 20% a year for three consecutive years. The goal of this study is to understand the differences in the capital structure between gazelle and non-gazelle firms. More specifically, we evaluate if gazelle present higher financial needs and if the sources of financing differ from non-gazelle firms. In order to achieve this goal, we used the "Central de Balanços" database that includes data from all Portuguese firms from 2006 to 2015. Thus, we identify 94 066 non-financial firms born between 2006 and 2011, from those only 307 are gazelles firms. Our results suggest that gazelle firms raise higher amounts of initial capital, suggesting that these firms have higher financial needs than non-gazelle firms. To finance their activities, gazelle firms tend to use more internal funds, since they present lower debt-to-capital ratios, even considering that the financial and sovereign crisis tend to increase the D/C ratio for companies born between 2008 and 2011.
info:eu-repo/semantics/publishedVersion
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Daniušis, Povilas. "Feature extraction via dependence structure optimization." Doctoral thesis, Lithuanian Academic Libraries Network (LABT), 2012. http://vddb.laba.lt/obj/LT-eLABa-0001:E.02~2012~D_20121001_093645-66010.
Full textAbstract:
In many important real world applications the initial representation of the data is inconvenient,
or even prohibitive for further analysis. For example, in image analysis, text
analysis and computational genetics high-dimensional, massive, structural, incomplete,
and noisy data sets are common. Therefore, feature extraction, or revelation of informative
features from the raw data is one of fundamental machine learning problems.
Efficient feature extraction helps to understand data and the process that generates it,
reduce costs for future measurements and data analysis. The representation of the structured
data as a compact set of informative numeric features allows applying well studied
machine learning techniques instead of developing new ones..
The dissertation focuses on supervised and semi-supervised feature extraction methods,
which optimize the dependence structure of features. The dependence is measured using
the kernel estimator of Hilbert-Schmidt norm of covariance operator (HSIC measure).
Two dependence structures are investigated: in the first case we seek features which
maximize the dependence on the dependent variable, and in the second one, we additionally
minimize the mutual dependence of features. Linear and kernel formulations of
HBFE and HSCA are provided. Using Laplacian regularization framework we construct
semi-supervised variants of HBFE and HSCA.
Suggested algorithms were investigated experimentally using conventional and multilabel
classification data... [to full text]Daugelis praktiškai reikšmingu sistemu mokymo uždaviniu reikalauja gebeti panaudoti didelio matavimo, strukturizuotus, netiesinius duomenis. Vaizdu, teksto, socialiniu bei verslo ryšiu analize, ivairus bioinformatikos uždaviniai galetu buti tokiu uždaviniu pavyzdžiais. Todel požymiu išskyrimas dažnai yra pirmasis žingsnis, kuriuo pradedama duomenu analize ir nuo kurio priklauso galutinio rezultato sekme. Šio disertacinio darbo tyrimo objektas yra požymiu išskyrimo algoritmai, besiremiantys priklausomumo savoka. Darbe nagrinejamas priklausomumas, nusakytas kovariacinio operatoriaus Hilberto-Šmidto normos (HSIC mato) branduoliniu ivertiniu. Pasiulyti šiuo ivertiniu besiremiantys HBFE ir HSCA algoritmai leidžia dirbti su bet kokios strukturos duomenimis, bei yra formuluojami tikriniu vektoriu terminais (tai leidžia optimizavimui naudoti standartinius paketus), bei taikytini ne tik prižiurimo, bet ir dalinai prižiurimo mokymo imtims. Pastaruoju atveju HBFE ir HSCA modifikacijos remiasi Laplaso reguliarizacija. Eksperimentais su klasifikavimo bei daugiažymio klasifikavimo duomenimis parodyta, jog pasiulyti algoritmai leidžia pagerinti klasifikavimo efektyvuma lyginant su PCA ar LDA.
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Goon, Grace Swee See. "Aeroelastic optimization of thin flapping structure." Thesis, Massachusetts Institute of Technology, 2017. http://hdl.handle.net/1721.1/112462.
Full textAbstract:
Thesis: S.M., Massachusetts Institute of Technology, Department of Aeronautics and Astronautics, 2017.Cataloged from PDF version of thesis.
Includes bibliographical references (pages 105-110).
We study the flow generated when a handheld fan is waved. This fluid-structure interaction problem is investigated through precision experiments, using an oscillating semi-circular elastic plate as a reduced analog model. The aerodynamic performance of the fans is systematically characterized for a variety of geometric and material parameters, as well as the amplitude of the periodic driving. We demonstrate that the bending stiffness of the structure can be tuned to maximize the output of the generated airflow, while simultaneously minimizing the input power. A design guideline is established for this optimal conditions based on matching the driving and the natural frequencies of the plate. Closer to the handheld fans, we then consider a discrete analog model comprising an array of overlapping strips. Unlike homogeneous plates, these discrete designs deform passively into shapes with finite Gaussian curvature and further enhance the generated flow. Finally, we explored the effect of corrugation on the flapping plate and found that the fan employs the interesting mechanism of reversible buckling to simultaneously increase the velocity of the flow and reduce the load.
by Grace Swee See Goon.
S.M.
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Sibai, Munira. "Optimization of an Unfurlable Space Structure." Thesis, Virginia Tech, 2020. http://hdl.handle.net/10919/99908.
Full textAbstract:
Deployable structures serve a large number of space missions. They are vital since spacecraft are launched by placing them inside launch vehicle payload fairings of limited volume. Traditional spacecraft design often involves large components. These components could have power, communication, or optics applications and include booms, masts, antennas, and solar arrays. Different stowing methods are used in order to reduce the overall size of a spacecraft. Some examples of stowing methods include simple articulating, more complex origami inspired folding, telescoping, and rolling or wrapping. Wrapping of a flexible component could reduce the weight by eliminating joints and other components needed to enable some of the other mechanisms. It also is one of the most effective methods at reducing the compaction volume of the stowed deployable. In this study, a generic unfurlable structure is optimized for maximum natural frequency at its fully deployed configuration and minimal strain energy in its stowed configuration. The optimized stowed structure is then deployed in simulation. The structure consists of a rectangular panel that tightly wraps around a central cylindrical hub for release in space. It is desired to minimize elastic energy in the fully wrapped panel and hinge to ensure minimum reaction load into the spacecraft as it deploys in space, since that elastic energy stored at the stowed position transforms into kinetic energy when the panel is released and induces a moment in the connected spacecraft. It is also desired to maximize the fundamental frequency of the released panel as a surrogate for the panel having sufficient stiffness. Deployment dynamic analysis of the finite element model was run to ensure satisfactory optimization formulation and results.Master of Science
Spacecraft, or artificial satellites, do not fly from earth to space on their own. They are launched into their orbits by placing them inside launch vehicles, also known as carrier rockets. Some parts or components of spacecraft are large and cannot fit in their designated space inside launch vehicles without being stowed into smaller volumes first. Examples of large components on spacecraft include solar arrays, which provide power to the spacecraft, and antennas, which are used on satellite for communication purposes. Many methods have been developed to stow such large components. Many of these methods involve folding about joints or hinges, whether it is done in a simple manner or by more complex designs. Moreover, components that are flexible enough could be rolled or wrapped before they are placed in launch vehicles. This method reduces the mass which the launch vehicle needs to carry, since added mass of joints is eliminated. Low mass is always desirable in space applications. Furthermore, wrapping is very effective at minimizing the volume of a component. These structures store energy inside them as they are wrapped due to the stiffness of their materials. This behavior is identical to that observed in a deformed spring. When the structures are released in space, that energy is released, and thus, they deploy and try to return to their original form. This is due to inertia, where the stored strain energy turns into kinetic energy as the structure deploys. The physical analysis of these structures, which enables their design, is complex and requires computational solutions and numerical modeling. The best design for a given problem can be found through numerical optimization. Numerical optimization uses mathematical approximations and computer programming to give the values of design parameters that would result in the best design based on specified criterion and goals. In this thesis, numerical optimization was conducted for a simple unfurlable structure. The structure consists of a thin rectangular panel that wraps tightly around a central cylinder. The cylinder and panel are connected with a hinge that is a rotational spring with some stiffness. The optimization was solved to obtain the best values for the stiffness of the hinge, the thickness of the panel, which is allowed to vary along its length, and the stiffness or elasticity of the panel's material. The goals or objective of the optimization was to ensure that the deployed panel meets stiffness requirement specified for similar space components. Those requirements are set to make certain that the spacecraft can be controlled from earth even with its large component deployed. Additionally, the second goal of the optimization was to guarantee that the unfurling panel does not have very high energy stored while it's wrapped, so that it would not cause large motion the connected spacecraft in the zero gravity environments of space. A computer simulation was run with the resulting hinge stiffness and panel elasticity and thickness values with the cylinder and four panels connected to a structure representing a spacecraft. The simulation results and deployment animation were assessed to confirm that desired results were achieved.
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van, Gestel Robert T. M. "Leverage and international capital structure : an extension of the Modigliani and Miller propositions on capital structure for multinationals." Thesis, Liverpool John Moores University, 1995. http://researchonline.ljmu.ac.uk/5098/.
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Al, Zein Eza Ghassan. "Capital controls and external debt term structure." Texas A&M University, 2005. http://hdl.handle.net/1969.1/2556.
Full textAbstract:
In my dissertation, I explore the relationship between capital controls and the choice
of the maturity structure of external debt in a general equilibrium setup, incorporating
explicitly the role of international lenders. I look at specific types of capital controls
which take the form of date-specific and maturity-specific reserve requirements on
external borrowing. I consider two questions: How is the maturity structure of external
debt determined in a world general equilibrium? What are the effects of date- and
maturity-specific reserve requirements on the maturity structure of external debt? Can
they prevent a bank run?
I develop a simple Diamond-Dybvig-type model with three dates. In the low income
countries, banks arise endogenously. There are two short-term bonds and one long-term
bond offered by the domestic banks to international lenders. First I look at a simple
model were international lending is modeled exogenously. I consider explicitly the
maturity composition of capital inflows to a domestic economy. I show that the holdings
of both short-term bonds are not differentiated according to date.
Second, I consider international lending behavior explicitly. The world consists of
two large open economies: one with high income and one with low income. The high income countries lend to low income countries. There exist multiple equilibria and some
are characterized by relative price indeterminacy.
Third, I discuss date-specific and maturity- specific reserve requirements. In my
setup reserve requirements play the role of a tax and the role of providing liquidity for
each bond at different dates. I show that they reduce the scope of indeterminacy. In some
equilibria, I identify a case in which the reserve requirement rate on the long-term debt
must be higher than that on the short-term debt for a tilt towards a longer maturity
structure.
Fourth, I introduce the possibility of an unexpected bank run. I show that some
specific combination of date-and maturity-specific reserve requirements reduce the
vulnerability to bank runs. With regard to the post-bank-run role of international lenders,
I show that international lenders may still want to provide new short-term lending to the
bank after the occurrence of a bank run.
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Lindbergh, Lars. "Essays of Financial Performance and Capital Structure." Doctoral thesis, Umeå universitet, Företagsekonomi, 2003. http://urn.kb.se/resolve?urn=urn:nbn:se:umu:diva-213.
Full textAbstract:
This thesis consists of an introductory chapter and four self-contained essays on financial performance and capital structure. Essay I assesses the strength of strategic inputs into profitability among firms within several sub-sectors within the industrial service sector in the U.S. and Sweden. In this study we employ an ordinary least square regression. The results, coupled with structural observations on production sectors, suggest that significant differences may indeed occur in both productivity and pricing in the two systems, i.e. the U.S. and Sweden. Essay II estimates the impact of operating costs and cost of debt on revenue, profit generation and asset retention in public housing companies in Sweden. A general conclusion to draw from the empirical results is that expentitures on consolidated maintenance is not only associated with short-term rental revenues, but undoubtedly long-term viability as well. Further, first difference results suggested that negotiated rents produced operating profits that kept pace with revenues over the time period of study. Essay III examines the impact of selected financial and contextual variables on managers’ decisions to appropriate funds to tax allowances in small firms in Sweden. The motive for appropriating to the tax allocation reserve is twofold. First, the tax allocation reserve is intended to lower the tax levy on investments financed with internally generated income. Second, it creates a possibility for firms to smooth income over a number of years. The results, from the logistic regression, suggest that financial performance, financial position and prior appropriations do impact on managers’ decision to appropriate. Essay IV examines the association between the two sides of the balance sheet based on financial statement information from small firms in Sweden The results of the multivariate canonical correlation analysis provides some support to the hypotheses that firms develop patterns, in their use of assets and their financing.
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Chkir, Imed. "La structure du capital des entreprises multinationales." Thesis, National Library of Canada = Bibliothèque nationale du Canada, 2000. http://www.collectionscanada.ca/obj/s4/f2/dsk1/tape3/PQDD_0025/NQ51253.pdf.
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Yahya, Moinuddin Ahmad. "Capital structure in the law and regulation." Thesis, National Library of Canada = Bibliothèque nationale du Canada, 2000. http://www.collectionscanada.ca/obj/s4/f2/dsk1/tape3/PQDD_0020/NQ53729.pdf.
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Stefanescu, Irina Shivdasani Anil. "Capital structure decisions and corporate pension plans." Chapel Hill, N.C. : University of North Carolina at Chapel Hill, 2006. http://dc.lib.unc.edu/u?/etd,383.
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Thesis (Ph. D.)--University of North Carolina at Chapel Hill, 2006.Title from electronic title page (viewed Oct. 10, 2007). "... in partial fulfillment of the requirements for the degree of Doctor of Philosophy in the Kenan Flagler Business School (Finance)." Discipline: Business Administration; Department/School: Business School, Kenan-Flagler.
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Lai, Hsiang-chun, and 賴翔群. "Geometric Mean Optimization Model- An Application on Capital Structure." Thesis, 2011. http://ndltd.ncl.edu.tw/handle/57941163686615481724.
Full textAbstract:
碩士東吳大學
財務工程與精算數學系
99
The main purpose of this article is to promote the concept of geometric mean. We aim to find an optimal financial leverage to maximize the firm’s value in the aspect of geometric mean. We design our model based on the optimal f geometric mean optimization model proposed by Vince(1990). Meanwhile, we also consider the factor of risk of ruin to explore the optimization of capital structure together with the probability of default. We use the IT industry in Taiwan as our empirical sample. Our analysis first calculates the optimal financial leverage from our new model. We then use the concept of risk of ruin to evaluate the risk of default. Finally, we check whether there exist high correlation between risk of default and the generally accepted TCRI(Taiwan Corporate Credit Rating Index) rating.
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TÁCHOVÁ, Ivana. "Optimalizace kapitálové struktury." Master's thesis, 2016. http://www.nusl.cz/ntk/nusl-261074.
Full textAbstract:
Assess the capital structure of the company, including influencing factors. Further evaluate various concepts cost of capital, cost of analyzing individual components of equity in a particular company and assess their impact on business performance.
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Толочко, Аліна Олександрівна. "Управління власним капіталом підприємства ПрАТ «Електротехнологія» у сучасних умовах господарювання." Магістерська робота, 2019. https://dspace.znu.edu.ua/jspui/handle/12345/2950.
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Толочко А. О. Управління власним капіталом підприємства ПрАТ «Електротехнологія» у сучасних умовах господарювання : кваліфікаційна робота магістра спеціальності 072 "Фінанси, банківська справа та страхування" / наук. керівник О. М. Зборовська. Запоріжжя : ЗНУ, 2019. 106 с.UA : Кваліфікаційна робота викладена на 106 сторінках друкованого тексту, містить 26 таблиць, 18 рисунків, 2 додатки. Перелік посилань включає 75 джерел, з них 5 іноземною мовою. Об’єктом дослідження є процес управління власним капіталом підприємства на прикладі ПрАТ «Електротехнологія». Метою кваліфікаційної роботи є розвиток теоретичних і методичних положень управління власним капіталом підприємства, а також розробка практичних рекомендацій щодо оптимізації структури джерел фінансування підприємства ПрАТ «Електротехнологія». Завдання: дослідити сутність власного капіталу підприємства та його функції; розглянути особливості управління власним капіталом в сучасних умовах; розглянути показники ефективності управління власним капіталом підприємства; надати загальну характеристику фінансово-господарської діяльності підприємства ПрАТ «Електротехнологія»; здійснити аналіз показників ефективності формування та використання власного та позикового капіталу підприємства ПрАТ «Електротехнологія»; здійснити оптимізацію структури капіталу підприємства ПрАТ «Електротехнологія». Методи дослідженя: логічного дослідження, узагальнення, системний, методи порівняльного, статистичного та кількісного аналізу, аналітичний; метод прогнозування економічних процесів. Одержані результати та їх новизна: удосконалено методику прогнозування структури капіталу підприємства за рахунок використання методів оптимізації джерел фінансування діяльності підприємства ПрАТ «Електротехнологія». Практичне значення мають сформульовані у кваліфікаційної роботі теоретичні та практичні результати, які можуть використовуватися в системі управління капіталом підприємства
EN : The work is presented on 106 pages of printed text, contains 26 tables, 18 figures, 2 annex. The list of refernces includes 75 sources, 5 of them in foreign languages. The object of the study is the process of managing the company's own capital by the example of PJSC «Electrotechnology». The subject of research is theoretical, methodical and practical aspects of managing the equity of the enterprise as a source of financing of economic activity. The purpose of the qualification work is the development of theoretical and methodological provisions for managing the company's own capital, as well as the development of practical recommendations for optimizing the structure of sources of financing for the company PJSC «Electrotechnology». Tasks: to explore the essence of the equity capital of the enterprise and its functions; to consider the features of equity management in modern conditions; to consider indicators of the effectiveness of the management of equity of the enterprise; provide a general description of the financial and economic activities of the enterprise PJSC «Electrotechnology»; to analyze the performance indicators of the formation and use of own and borrowed capital of the enterprise PJSC «Electrotechnology»; to optimize the capital structure of the company PJSC «Electrotechnology». The methodological basis of this study is the method of historical and logical research - the study of the essence of capital in historical retrospect; method of generalization - for systematization of theoretical, methodological bases of capital management and visual presentation of the received actual data. During the research, logical and empirical methods of knowledge of mechanisms and forms of financial management were widely used, as well as methods of comparative, statistical analysis, forecasting of economic processes, graphoanalytical methods of displaying the results of research. The results obtained and their novelty: the methodology for predicting the capital structure of an enterprise through the use of methods to optimize sources of financing the activities of the enterprise PJSC «Electrotechnology». The theoretical and practical generalizations formulated in the qualification work are a contribution to the theory of assessment and management of the entity's finances that can be used in the enterprise's capital management system.
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Кітаєва, Ю. Є. "Джерела фінансування підприємства та оптимізація структури капіталу." Thesis, 2016. http://dspace.oneu.edu.ua/jspui/handle/123456789/6297.
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Головна мета даної дипломної роботи – вивчення теоретичних засад фінансування підприємства, дослідження сучасних методів аналізу організації і ефективності управління структурою капіталу, а також виявлення основних проблем і надання відповідних рекомендацій щодо оптимізації структури капіталу підприємства.Главная цель данной дипломной работы - изучение теоретических основ финансирования предприятия, исследования современных методов анализа организации и эффективности управления структурой капитала, а также выявление основных проблем и предоставления соответствующих рекомендаций по оптимизации структуры капитала предприятия.
The main purpose of this thesis is to study the theoretical fundamentals of enterprise financing, research of modern methods of organization analysis and management of capital structure, as well as to identify the main problems and provide appropriate recommendations for optimizing the capital structure of the enterprise.
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Бадалов, Л. А., and L. A. Badalov. "Финансовые методы управления оборотным капиталом на предприятии с целью повышения ликвидности и платежеспособности его деятельности : магистерская диссертация." Master's thesis, 2017. http://hdl.handle.net/10995/53031.
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The relevance of this work consists that possibilities of financial management are still insufficiently studied by working capital of the enterprise and sources of his formation for management of the large industrial companies. In this regard in work are investigated theoretical and methodological bases of management of working capital, the structure of working capital of the PJSC Electrozinc enterprise is analyzed and on this basis problems of management of working capital at the enterprise come to light and concrete ways of their solution are proposed.Актуальность данной работы состоит в том, что возможности финансового управления оборотным капиталом предприятия и источниками его формирования еще недостаточно изучены для целей управления крупными промышленными компаниями. В связи с этим в работе исследуются теоретическую и методологическую основы управления оборотным капиталом, анализируется структура оборотного капитала предприятия ПАО «Электроцинк» и на этой основе выявляются проблемы управления оборотным капиталом на предприятии и предлагаются конкретные пути их решения.