WAYS OF IMPROVING THE MANAGEMENT OF THE CAPITAL STRUCTURE OF THE ENTERPRISE
Abstract
The article examines the problem of using neural networks in managing the capital structure of domestic enterprises. in the modern conditions of the unstable economic situation in Ukraine, the rational management of the capital structure is of great importance for the successful operation of enterprises. management of capital formation consists in substantiation, acceptance and implementation of management decisions regarding the attraction of capital in the necessary amount and establishing its optimal structure from the point of view of the efficiency of the enterprise's activity. Capital structure is a factor that directly affects the financial the state of the enterprise - its solvency and liquidity, the amount of income, profitability of activity. An assessment of the structure of the company's sources of funds is carried out both internal and external users of accounting information. Determining the optimal capital structure, that is, the optimal ratio between own and borrowed capital, is one of the most important and complex tasks that are solved in the process of financial management of the enterprise. Optimizing the capital structure is important for all enterprises, regardless of their organizational and legal form of ownership and type of activity, as it allows to increase profits based on the use of loans. A necessary condition for this is the use of modern analysis and modeling tools, where neural networks occupy one of the leading places. The expediency of using neural networks as a tool for managing the capital structure of the enterprise is substantiated. it is established that the use of neural networks allows highlighting their advantages compared to traditional mathematical methods. given that regression networks are particularly sensitive to the problem of outliers, one possible way to solve this problem was found and proposed: train the network, then test it on training observations, find and discard those that give a very large error, and then train the network again . As a result, an illustration of the best model was obtained, which is quite acceptable for use in the process of managing the capital structure of a domestic enterprise in order to determine the nature of the relationship between the parameters characterizing the capital structure and its financial stability.
References
Бланк И.А. Управление формированием капитала. Киев: Ника-Центр, 2000. 512 с. 19.
Терещенко О.О. Детермінанти ставки витрат на капітал на ринках, що розвиваються. Корпоративні фінанси: проблеми та перспективи інноваційного розвитку: зб. матеріалів І Міжнар. наук.-практ. конф. Київ: КНЕУ, 2017. С. 20–27
Щербань О.Д., Насібова О.В., Сухоруков Р.В. Методи регулювання та оптимізації структури капіталу підприємства. Економіка та держава. 2017. № 12. С. 82–88
Юшко С.В., Лугова А. Критичний аналіз економічної сутності поняття «капітал підприємства». Вісник економіки транспорту і промисловості. 2011. № 36. С. 234–238.
Новікова В.В. Прогнозування внутрішнього валового продукту на основі апарату штучних нейронних мереж. Економіка та управління АПК. 2014. N 1. С. 5–11.
Викиданець І.В. Методи оптимізації структури капіталу підприємства. URL: http://www.nbuv.gov.ua/portal/Soc_Gum/Vdnuet/econ/2009_3/27.pdf.
Семенов А.Г., Ярошевська О.В. Оптимізація структури капіталу підприємства за критерієм максимізації його рентабельності. Економіка та підприємництво, 2014 р., № 5 (80).
Blank Y.A. (2000) Upravlenye formyrovanyem kapytala [Management of capital formation]. Kyev: Nyka-Tsentr, 512 p. 19.
Tereshchenko O.O. (2017) Determinanty stavky vytrat na kapital na rynkakh, shcho rozvyvaiutsia [Determinants of the cost of capital in emerging markets]. Proceedings of the Korporatyvni finansy: problemy ta perspektyvy innovatsiinoho rozvytku. Kyiv: KNEU, pp. 20–27
Shcherban O.D., Nasibova O.V., Sukhorukov R.V. (21017) Metody rehuliuvannia ta optymizatsii struktury kapitalu pidpryiemstva [Methods of regulation and optimization of the capital structure of the enterprise]. Ekonomika ta derzhava, no. 12, pp. 82–88
Yushko S.V., Luhova A. (2011) Krytychnyi analiz ekonomichnoi sutnosti poniattia «kapital pidpryiemstva» [Critical analysis of the economic essence of the concept of "enterprise capital"]. Visnyk ekonomiky transportu i promyslovosti, no. 36, pp. 234–238.
Novikova V.V. (2014) Prohnozuvannia vnutrishnoho valovoho produktu na osnovi aparatu shtuchnykh neironnykh merezh [Forecasting of the gross domestic product based on the apparatus of artificial neural networks]. Ekonomika ta upravlinnia APK, no. 1, pp. 5–11.
Vykydanets I.V. Metody optymizatsii struktury kapitalu pidpryiemstva [Methods of optimizing the capital structure of the enterprise]. Available at: http://www.nbuv.gov.ua/portal/Soc_Gum/Vdnuet/econ/2009_3/27.pdf.
Semenov A.H., Yaroshevska O.V. Optymizatsiia struktury kapitalu pidpryiemstva za kryteriiem maksymizatsii yoho rentabelnosti [Optimization of the capital structure of the enterprise according to the criterion of maximizing its profitability]. Ekonomika ta pidpryiemnytstvo, no. 5 (80).
