| Title |
Prekybinės įmonės kapitalo struktūros, pagrįstos EVA maksimizavimu, formavimo sprendimai / |
| Translation of Title |
Decisions of formation of a trading company’s capital structure based on EVA maximization. |
| Authors |
Cibulskienė, Diana ; Padgureckienė, Aistė |
| Full Text |
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| Is Part of |
Ekonomika ir vadyba: aktualijos ir perspektyvos.. Šiauliai : Šiaulių universiteto leidykla. 2011, Nr. 2, p.80-92.. ISSN 1648-9098 |
| Keywords [eng] |
capital structure ; economic value added ; mercantile company |
| Abstract [eng] |
Most of the business decisions are based on theories of capital structure formation. Appropriate choice of capital structure can guarantee a profitable and long-term activity of the company. Financial stability and problems of insolvency risk are mainly attributed to the amount of borrowed capital in the capital structure, or simply financial leverage. When choosing the most rational option for accumulation of financial resources, it is necessary to identify and assess factors affecting the making of strategic decisions on financing. Attempts to find out how the capital structure theories based on EVA (economic value added) maximization work in practice, which factors and to what extent influence the choice of leverage, remain a relevant research problem. The global crisis in financial markets has forced companies to take appropriate decisions. The increasing significance of growth of shareholders’ equity value has forced to change the approach to measurement of performance by including the capital costs. To determine the value of the company EVA index is used. This indicator is easy to understand, suitable for staff motivation, helps to understand and implement the company’s goal – to increase shareholders’ equity value.[...]. |
| Published |
Šiauliai : Šiaulių universiteto leidykla |
| Type |
Journal article |
| Language |
Lithuanian |
| Publication date |
2011 |
