СУЧАСНІ КОНЦЕПЦІЇ ФОРМУВАННЯ ТА УПРАВЛІННЯ СТРУКТУРОЮ КАПІТАЛУ БУДІВЕЛЬНИХ ПІДПРИЄМСТВ

Abstract

The article defines modern concepts of formation and management of the capital structure of construction enterprises, which is connected with its professional and effective use, which affects the further economic work of the enterprise. The essence of the concept of "capital", "capital structure" and the concept of "management of the capital structure of the enterprise" are revealed. It was determined that capital should be considered not only an important center of compensation for the value of the company's assets, but also the basis of its functioning. At the same time, it is worth noting that the capital itself is closely related to the level of profitability, profitability and financial stability of the enterprise. It was found that under the concept of "management of the capital structure of a construction company" should be considered the formation of the best ratio between the company's own and loan resources, which would allow to increase the return on equity and increase profitability while maintaining the level of financial stability of the company, which as a result would have a positive effect on stability of its functioning. The formation and management of the capital structure should be considered the most important process in the work of construction enterprises, which allows them to maintain their own level of competitiveness and ensure its further growth. It is worth emphasizing the importance of the optimal capital structure for the effective functioning of the enterprise, as well as the inadequacy of scientific research on the problem of determining financial sources when they are limited and the influence of external factors on their mobilization. It was determined that today the enterprises of the construction industry face a rather acute problem related to the reduction of the flow of capital investments, which is part of the formation of their capital structure and ensuring its effective functioning. The main tasks of improving the capital structure of a construction enterprise are presented, which consist in increasing the amount of registered capital in order to improve the level of financial stability; increasing the specific weight of the most liquid assets in the overall structure of current assets and reducing the amount of payables; increasing the amount of net profit due to the reduction of loan capital and interest rates on loans.