ФІНАНСОВО-ЕКОНОМІЧНІ АСПЕКТИ ЗАБЕЗПЕЧЕННЯ ЗРОСТАННЯ КАПІТАЛІЗАЦІЇ МАШИНОБУДІВНИХ ПІДПРИЄМСТВ УКРАЇНИ

Autor: V. P. Hmyria, O. V. Kryvoruchkina, M. A. Tepliuk, Ye. V. Smirnov
Rok vydání: 2018
Předmět:
Zdroj: Financial and credit activity problems of theory and practice. 4:370-380
ISSN: 2310-8770
2306-4994
DOI: 10.18371/fcaptp.v4i27.154220
Popis: The article defines the main scientific approaches to the study of capitalization (process, result, financial, relational, resource), which reveals its complex economic nature in the current conditions of operation and development of the enterprise. In accordance with the author’s logic of capitalization, the processes of its evaluation are proposed to implement in the unity of the relationship of the approaches presented to its understanding. The peculiarity of such an interconnectivity is that financial, resource, process and relational aspects are molding (providing) relative to the resultant. The argumentation of the feasibility of using the fundamental value as a criterion for evaluating the results of capitalization of enterprises is presented. The parameters of the choice of a costly analytical model, which include: the existence of a reliable source information base, analytical potential of the factor interpretation, the level of complexity of the interpretation of the results, are substantiated. The results of the multifactorial analysis of the fundamental capitalization of machine-building enterprises of Ukraine on the basis of the model of final net profit (RE-model) are presented. The validity, adequacy and practical significance of the chosen methodical approach to capitalization assessment as the aggregate economic result of enterprises activity are confirmed. The most informative factors concerning the level of capitalization of an enterprise are determined by the spread of the return on sales of products, the coefficient of compliance with the actual level of profitability of sales critical value, the performance of the assets. The causes of downward cost trends of capital formation at Ukrainian machine-building enterprises are determined. The results of fundamentally cost analysis of machine-building enterprises in the resource, relational and process aspects allowed us to conclude on the priority source for ensuring the stability of capitalization growth, which determined the technological strategy that should be implemented on the basis of the concept "Industry 4.0". The description of probable effects from the implementation of the strategy of capital formation in accordance with the principles of the concept "Industry 4.0" is presented.
Databáze: OpenAIRE
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