KFU. Card publication. CAPITAL STRUCTURE DECISION MAKING; A METHOD BASED ON ESTIMATING FINANCIAL DISTRESS LIKELIHOOD

KAZAN
FEDERAL UNIVERSITY

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CAPITAL STRUCTURE DECISION MAKING; A METHOD BASED ON ESTIMATING FINANCIAL DISTRESS LIKELIHOOD

Form of presentation

Articles in international journals and collections

Year of publication

2016

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Authors, employees of KFU

Kirshin Igor Aleksandrovich, author

Bibliographic description in the original language

Kirshin, Igor; Pachkova, Olga. CAPITAL STRUCTURE DECISION MAKING; A METHOD BASED ON ESTIMATING FINANCIAL DISTRESS LIKELIHOOD. 3rd International Multidisciplinary Scientific Conference on Social Sciences and Arts, SGEM 2016 Albena, BULGARIA publ.: AUG 24-30, 2016. SGEM 2016, BK 2: POLITICAL SCIENCES, LAW, FINANCE, ECONOMICS AND TOURISM CONFERENCE PROCEEDINGS, VOL III. International Multidisciplinary Scientific Conferences on Social Sciences and Arts PP.: 81-88

Annotation

3rd International Multidisciplinary Scientific Conference on Social Sciences and Arts, SGEM 2016 ��: Albena, BULGARIA ��.: AUG 24-30, 2016

Keywords

capital structure decision, debt to equity ratio, company value, financial distress

The name of the journal

3rd International Multidisciplinary Scientific Conference on Social Sciences and Arts, SGEM 2016 ��: Albena, BULGARIA ��.: AUG 24-30, 2016

Please use this ID to quote from or refer to the card

https://repository.kpfu.ru/eng/?p_id=161217&p_lang=2

Full metadata record

Field DC	Value	Language
dc.contributor.author	Kirshin Igor Aleksandrovich	ru_RU
dc.date.accessioned	2016-01-01T00:00:00Z	ru_RU
dc.date.available	2016-01-01T00:00:00Z	ru_RU
dc.date.issued	2016	ru_RU
dc.identifier.citation	Kirshin, Igor; Pachkova, Olga. CAPITAL STRUCTURE DECISION MAKING; A METHOD BASED ON ESTIMATING FINANCIAL DISTRESS LIKELIHOOD. 3rd International Multidisciplinary Scientific Conference on Social Sciences and Arts, SGEM 2016 Albena, BULGARIA ��.: AUG 24-30, 2016. SGEM 2016, BK 2: POLITICAL SCIENCES, LAW, FINANCE, ECONOMICS AND TOURISM CONFERENCE PROCEEDINGS, VOL III. International Multidisciplinary Scientific Conferences on Social Sciences and Arts PP.: 81-88	ru_RU
dc.identifier.uri	https://repository.kpfu.ru/eng/?p_id=161217&p_lang=2	ru_RU
dc.description.abstract	3rd International Multidisciplinary Scientific Conference on Social Sciences and Arts, SGEM 2016 ��: Albena, BULGARIA ��.: AUG 24-30, 2016	ru_RU
dc.description.abstract	This article develops a probabilistic approach to the corporate capital structure decision making. The aim of this article is to present the author's method of modeling the optimal capital structure of the company, oriented at regulating the debt and equity through the evaluation the probability of financial distress. This method includes a quantitative assessment and qualitative analysis of external and internal factors, the net effect of which determines the relationship between the parameters of return and risk of financial distress, provided the formation of financial capital structure of the company. Our approach allows to maximize the company value and minimize weighted average cost of capital for any shares of debt in the capital structure. The method enables quantitative assessment of optimal Debt to Equity ratio and includes calculation of probability of financial distress as a function of the debt share. The probability is used in a modified formula of weighted average cost o	ru_RU
dc.language.iso	ru	ru_RU
dc.subject	capital structure decision	ru_RU
dc.subject	debt to equity ratio	ru_RU
dc.subject	company value	ru_RU
dc.subject	financial distress	ru_RU
dc.title	CAPITAL STRUCTURE DECISION MAKING; A METHOD BASED ON ESTIMATING FINANCIAL DISTRESS LIKELIHOOD	ru_RU
dc.type	Articles in international journals and collections	ru_RU