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Economic Analysis: Theory and Practice
 

Methods of analysis of the effectiveness and intensity of share capital use

Vol. 14, Iss. 4, JANUARY 2015

PDF  Article PDF Version

Available online: 31 January 2015

Subject Heading: METHODS OF ANALYSIS

JEL Classification: 

Pages: 26-35

Kuz'min D.A. Russian Presidential Academy of National Economy and Public Administration, Moscow, Russian Federation
kuzmin.d43@gmail.com

Importance Capital is a key and central category of economic theory. In the history of economic theory, there was not a clear interpretation of the concepts of capital; the process of its formation is still going on, which, in turn, is reflected in the development of methods of economic analysis. Foreign countries and Russia have no unity of understanding the essence of the share capital. In this regard, the Russian economic system lacks a clear methodological base on analysis of this indicator. All this leads to the relevance of the present work.
     Objectives The purpose of the paper is to come to a single shareholder entity and justify the result. Another purpose of the project is the study and the methodology for conducting analysis of the effectiveness and intensity of use of equity to establish a base for further research in the field of economics.
     Methods The paper presents a methodological sequence analysis of efficiency in the use of equity based on deterministic modeling of the profitability of equity capital and a number of critical factors. For the analysis, I used the financial statements data of JSC Severstal.
     Results The paper submits the basic provisions of the concept of equity analysis, and it describes methods for such an analysis.
     Conclusions and Relevance The results achieved in the development of methods of phased analysis of equity capital enable one to establish cause-and-effect relationships with different parameters of the organization that will help improve the quality of research in this area. The paper contains examples with brief conclusions on the performance of the index of the object of work.

Keywords: shareholder's equity, efficiency, analysis, return on equity, DuPont equation, business activity

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