Determination of Russian Companies’ Optimal Capital Structure

Abstract

Authors:Olga Vladimirovna Sharikova

One of the important problems in the theory of corporate finance is to find the optimum ratio of capital structure’s debt and equity, which provides an optimal combination of risk and return and, therefore, maximized value of the company. In modern operating conditions, companies need to solve the problem of finding sources. It satisfies not only the parameters of urgency, cost, risk and return, but such as availability, ease of borrowing, the ability to save the rights of control over the company. All this makes it necessary to set the scientific basis of management methods for the capital structure operation, in particular, determination of companies’ optimal capital structure.