Financial Analytics: Science and Experience

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Analytical bases of management of shareholder equity of the commercial enterprise

Vol. 11, Iss. 3, SEPTEMBER 2018

Received: 18 August 2017

Received in revised form: 12 January 2018

Accepted: 19 January 2018

Available online: 29 August 2018


JEL Classification: G32

Pages: 299–312

Charaeva M.V. Southern Federal University (SFU), Rostov-on-Don, Russian Federation

ORCID id: not available

Evstaf'eva E.M. Rostov State University of Economics (RSUE), Rostov-on-Don, Russian Federation

ORCID id: not available

Subject This article considers the management of the company's owned capital from the position of administrative component influence. The process is based on factor analysis as a basis for optimizing the equity of a commercial enterprise.
Objectives The article aims to investigate the analytical basis of management of owned capital of the commercial enterprise and determine factors characterizing the efficiency of this process.
Methods For the study, we used the methods of logical and structural analyses, synthesis, induction, deduction, graphic interpretation, and schematic representation of relationships.
Results The article shows factors, the analysis of which according to certain conditions reflects possibilities of financing and increment of owned capital of the enterprise.
Conclusions and Relevance When managing the owned capital, it is expedient to carry out a factor analysis and construct a pyramid of effective management based on the growth of profitability of equity and implementation of corporate financial strategy. The use of the pyramid can help streamline management actions and increase the efficiency of management of the business' owned capital.

Keywords: owned capital, management, factor analysis, financing, profitability


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