Įmonių kapitalo struktūros modeliavimas finansų rinkos globalizacijos sąlygomis

This dissertationpaper defends a thesis that as the Lithuanian enterprises more actively participatein international contracts, the need for financing grows. In order to minimizepossible microeconomic and macroeconomic loss, it is necessary to form theexpediente strategy of financing; emphasizing costs of alternatives financialsources under conditions of risk and uncertainty. Analyses conducted in thethesis were sought to contribute both conceptually (by formation of systems andmodels of capital structure) and practically (by implementation of such systemsand models) to financing of companies activities, and to maximizing of EVA.The EVA reveals the dependence of an enterprise’s profitability on the employedcapital for gaining that profit. The conceptual need urges to determine the zone ofeffectiveness of rational capital structure, which stipulates the growth of EVA.Scientificrelevance of the dissertation is the main results of the scientific study presentedfor public maintenance. First, one studied adequate motives under Lithuanianconditions that encourage enterprises to study the substantiation of capitalstructure formation. The preconditions and criteria affecting the financingdecisions of Lithuanian enterprises were conceptually grounded while stressingthe aspects of finance market globalization. Second, the systemic capital leveragemanagement model was created; involves the three main ranges that affectenterprises’ activity: internal enterprise’s... [to full text]