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Optimization Of The Capital Structure Of JSC «LSR Group» Company

Student: Shevchenko Iuliia

Supervisor: Vitalii Sergeevich Lipatnikov

Faculty: St.Petersburg School of Economics and Management

Educational Programme: Finance (Master)

Year of Graduation: 2016

The analysis of the company and management efficiency has been identified the problem of optimizing the capital structure. The degree of elaboration of the capital structure is still at an insufficient level, because there is no exact method or the optimum values in the theory. However, effective management of the company - is an important aspect contributing to an increase in value of the company. The company's value increases the interest of investors to buy its shares. Therefore, consideration of optimization of the capital structure is relevant and actual. The aim of this work is to identify the optimal structure of the capital of OJSC "LSR Group". The first chapter of the study is intended to fill the gaps in the theoretical aspects related to the capital structure. It includes a review of the capital structure, definitions, theories related to its optimization study and the methodology to be used in the study. The second chapter defines the branch position of the company, specificity of the market, the dynamics of development of the company and its performance. Information about the effectiveness, reliability and stability of the company and its life cycle will be obtained. The third chapter contains a direct optimization of the procedure described in the first chapter. Based on the findings of the capital structure will be made of data of "LSR", its optimization and applicability of the results. Optimal capital structure has been revealed the results of work. In accordance with it, the values of the company's value that could be obtained by using the optimized leverage. The three-dimensional method provides a wealth of information about an entity's capital and its cost, which is associated with macroeconomic situation. The method has several advantages over regression analysis, as takes into account macroeconomic factors, company specificity and other important factors that influence decision-making in the optimization of the capital structure.

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