| Abstrakt: |
The article addresses the coverage of internal and external sources of financing the companies in the conditions of their insolvency and anti-crisis management. This article applies the methods of analysis and synthesis, system and comparative analysis, the method of knowledge of development and interdependence of economic processes. The author considers the internal cash-flows of the company to finance its own business in a crisis. The methods of increase of incoming cash flows (revenues) are described, which include: a) increase of proceeds from sales of products; b) restructuring of inventories, cash assets, and debts; c) internal restructuring (reorganization) in the company. The methods of reduction of output cash flows (expenses) are described, which include: a) reduction of expenses; b) restructuring of liabilities (including debts); c) freezing (collapse) of investments; d) internal restructuring (reorganization) in the company. The author also considers the ways of attracting external financing to the company's crisis development, including: a) attraction of funds of the owners of the enterprise through the provision of targeted contributions on a non-refundable basis, loans, increase of the share capital (increase in the number of shares of the existing nominal value, increase in the nominal value of shares through indexation or additional payment from shareholders, and exchange of bonds for shares); b) the use of credit resources. It is clarified that the participation of creditors in the financial rehabilitation of the enterprise can be implemented in the form of a moratorium, restructuring of the existing debt, debt write-off, and the provision of sanation loans. The main mechanisms and peculiarities of using such methods in the conditions of crisis management are characterized, as well as the fact that each enterprise, branch, country, and region of the world are looking for measures, methods, and innovative approaches in this direction. [ABSTRACT FROM AUTHOR] |
