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ИД «Финансы и кредит»






Economic Analysis: Theory and Practice

A conceptual approach to analytical study of capital of organizations

Vol. 13, Iss. 48, DECEMBER 2014

Available online: 19 December 2014


JEL Classification: 

Pages: 38-43

Sidorenko O. Orel State Agrarian University, Orel, Russian Federation

Il'ina I.V. Orel State Agrarian University, Orel, Russian Federation

Importance At present, there is no shortage of special literature devoted to the study of composition, structure and use of capital of organizations. However, making accounting forms more compliant with the requirements of international standards necessitates the use of new techniques and conceptual approaches in analytical studies. The use of multifactorial modeling is one of the most pressing issues in financial analysis.
     Objectives Goal of research is to explore capital in the context of justifying reserves, which contribute to enhancing the efficiency of the use of assets of enterprises.
     Methods In the paper, using general scientific and economic and statistical methods of research, we performed monitoring of the structural relations of equity and debt capital in agricultural organizations of the Orel region; estimated solvency, financial sustainability, profitability (loss ratio) of production and assets; revealed the dynamic changes of coefficients. The paper considered also the interrelation of company's capital and profitability and indicators of financial status, and also provided the rationale for model factors. The article provides grouping of agricultural organizations of region in terms of indicators of the agribusiness performance measurements. We conclude that the efficiency of economic activity of organizations is determined, firstly, by formation of volume and structural indicators of capital, and secondly, by profitability of production.
     Results The paper emphasizes that findings of economic monitoring have been used during elaborating practical recommendations on enhancing financial sustainability of agricultural organization of agribusiness of the Orel region.
     Conclusions and Relevance The significance of the research increases in the context of implementation of the State Program of agriculture development and regulation of the markets of agricultural products, raw materials and food staff for the period of 2013-2020. One of the most important tasks of the Program is to improve profitability in agriculture to ensure its sustainable development.

Keywords: analytical study, agricultural organizations, capital, profitability, financial condition, factor, modeling


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