| Summary: | This dissertation
paper defends a thesis that as the Lithuanian enterprises more actively participate
in international contracts, the need for financing grows. In order to minimize
possible microeconomic and macroeconomic loss, it is necessary to form the
expediente strategy of financing; emphasizing costs of alternatives financial
sources under conditions of risk and uncertainty. Analyses conducted in the
thesis were sought to contribute both conceptually (by formation of systems and
models of capital structure) and practically (by implementation of such systems
and models) to financing of companies activities, and to maximizing of EVA.
The EVA reveals the dependence of an enterprise’s profitability on the employed
capital for gaining that profit. The conceptual need urges to determine the zone of
effectiveness of rational capital structure, which stipulates the growth of EVA.
Scientific
relevance of the dissertation is the main results of the scientific study presented
for public maintenance. First, one studied adequate motives under Lithuanian
conditions that encourage enterprises to study the substantiation of capital
structure formation. The preconditions and criteria affecting the financing
decisions of Lithuanian enterprises were conceptually grounded while stressing
the aspects of finance market globalization. Second, the systemic capital leverage
management model was created; involves the three main ranges that affect
enterprises’ activity: internal enterprise’s... [to full text]
|
|---|
