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Modelling an Optimal Capital Structure of the Telecommunication Company

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Advances in Dependability Engineering of Complex Systems (DepCoS-RELCOMEX 2017)

Part of the book series: Advances in Intelligent Systems and Computing ((AISC,volume 582))

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Abstract

The article is devoted to the development and approbation of a methodological approach to the modelling of an optimal structure of a joint stock company. The optimal capital structure is defined by the authors as a combination of debt and equity, which maximizes the overall value of the company. The article contains the main conclusions received from different economic researches on the optimization of a capital structure. The authors invented a model of the optimal capital structure that may be used by the joint stock companies in emerging markets with greater risk due to political instability, domestic infrastructure problems, currency volatility and limited equity opportunities. This model is supplemented with corrective indicators of financial risks.

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Authors and Affiliations

  1. Economics Department of Peoples’ Friendship University of Russia, ul. Miklukho-Maklaya 6, Moscow, 117198, Russia

    Alexandr Y. Bystryakov, Tatiana K. Blokhina, Elena V. Savenkova, Oksana A. Karpenko & Elena V. Ponomarenko

Authors
  1. Alexandr Y. Bystryakov
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  2. Tatiana K. Blokhina
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  3. Elena V. Savenkova
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  4. Oksana A. Karpenko
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  5. Elena V. Ponomarenko
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Corresponding author

Correspondence to Oksana A. Karpenko .

Editor information

Editors and Affiliations

  1. Department of Computer Engineering, Wrocław University of Technology Department of Computer Engineering, Wrocław, Poland

    Wojciech Zamojski

  2. Department of Computer Engineering, Wrocław University of Technology Department of Computer Engineering, Wrocław, Poland

    Jacek Mazurkiewicz

  3. Department of Computer Engineering, Wrocław University of Technology, Wroclaw, Poland

    Jarosław Sugier

  4. Department of Computer Engineering, Wrocław University of Technology Department of Computer Engineering, Wrocław, Poland

    Tomasz Walkowiak

  5. Systems Research Institute, Polish Academy of Sciences Systems Research Institute, Warsaw, Poland

    Janusz Kacprzyk

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Bystryakov, A.Y., Blokhina, T.K., Savenkova, E.V., Karpenko, O.A., Ponomarenko, E.V. (2018). Modelling an Optimal Capital Structure of the Telecommunication Company. In: Zamojski, W., Mazurkiewicz, J., Sugier, J., Walkowiak, T., Kacprzyk, J. (eds) Advances in Dependability Engineering of Complex Systems. DepCoS-RELCOMEX 2017. Advances in Intelligent Systems and Computing, vol 582. Springer, Cham. https://doi.org/10.1007/978-3-319-59415-6_8

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  • DOI: https://doi.org/10.1007/978-3-319-59415-6_8

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  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-319-59414-9

  • Online ISBN: 978-3-319-59415-6

  • eBook Packages: EngineeringEngineering (R0)

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