Factors of the capital structure of maritime sector companies for increasing business value - theoretical approach

Abstract

The global world and individual countries, which are influenced by the economic, financial crises, and pandemics that occur in one way or another, have a major impact on business and its performance. Declining consumption, disrupted settlements, limited or unavailable sources of finance, and other economic and financial reasons may cause business failures. Efficient and rational financial management is crucial for companies to survive and operate successfully under various conditions of the economic cycle, especially in times of crisis. It can be argued that, under modern conditions of market economy, making economically sound decisions about the structure of funding sources is one of the most important tasks for business companies, since the formation of a capital structure establishes the company's ability to maximise its return, manage risks effectively, and operate successfully in a competitive environment to meet the needs of a wide range of stakeholders. The maritime sector is strategically important and economically significant for any country. Companies in this sector make a significant socio-economic contribution across the entire state. When forming the capital structure in the maritime sector companies, certain exceptions are encountered since the operation of these companies requires a large amount of borrowed capital. Increasing the business value of maritime sector companies has a positive meaning nationally and internationally.