Impact of company capital structure on of its value growth estimation
The article analyses the influence of the use of commercial loans on the free cash flow generation based on cost-based management concept. It is shown that the use of commercial credit instead of the usual short-term lending reduces the force of the operational lever. On the other hand, when calcula...
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Online Access: | https://doi.org/10.1051/shsconf/20173501053 |
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doaj-49066717a2004879bca5c7a81a849ea72021-03-02T07:34:36ZengEDP SciencesSHS Web of Conferences2261-24242017-01-01350105310.1051/shsconf/20173501053shsconf_icie2017_01053Impact of company capital structure on of its value growth estimationPirogova Oksana0Plotnikov Vladimir1Saint Petersburg State Polytechnic University, Industrial Management Institute, Economy and Trade, Graduate School of Commodity and ServiceSaint Petersburg State University of Economics, Department of General Economic TheoryThe article analyses the influence of the use of commercial loans on the free cash flow generation based on cost-based management concept. It is shown that the use of commercial credit instead of the usual short-term lending reduces the force of the operational lever. On the other hand, when calculating the economic added value indicators, the use of conventional lending leads to the increase in the economic added value and as a result of the higher cost of growth. This effect is associated with the redistribution of cash outflows and changes in the level of risk for the stakeholders of the enterprise.https://doi.org/10.1051/shsconf/20173501053 |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Pirogova Oksana Plotnikov Vladimir |
spellingShingle |
Pirogova Oksana Plotnikov Vladimir Impact of company capital structure on of its value growth estimation SHS Web of Conferences |
author_facet |
Pirogova Oksana Plotnikov Vladimir |
author_sort |
Pirogova Oksana |
title |
Impact of company capital structure on of its value growth estimation |
title_short |
Impact of company capital structure on of its value growth estimation |
title_full |
Impact of company capital structure on of its value growth estimation |
title_fullStr |
Impact of company capital structure on of its value growth estimation |
title_full_unstemmed |
Impact of company capital structure on of its value growth estimation |
title_sort |
impact of company capital structure on of its value growth estimation |
publisher |
EDP Sciences |
series |
SHS Web of Conferences |
issn |
2261-2424 |
publishDate |
2017-01-01 |
description |
The article analyses the influence of the use of commercial loans on the free cash flow generation based on cost-based management concept. It is shown that the use of commercial credit instead of the usual short-term lending reduces the force of the operational lever. On the other hand, when calculating the economic added value indicators, the use of conventional lending leads to the increase in the economic added value and as a result of the higher cost of growth. This effect is associated with the redistribution of cash outflows and changes in the level of risk for the stakeholders of the enterprise. |
url |
https://doi.org/10.1051/shsconf/20173501053 |
work_keys_str_mv |
AT pirogovaoksana impactofcompanycapitalstructureonofitsvaluegrowthestimation AT plotnikovvladimir impactofcompanycapitalstructureonofitsvaluegrowthestimation |
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1724241283047751680 |