Bitkina I.K.Russian Presidential Academy of National Economy and Public Administration, Volgograd Branch, Volgograd, Russian Federation bitkinai@rambler.ru
Importance The article presents the results of analyzing various internal factors that are ingrained into the corporate financial model, and their effect on the structure of corporate capital. The issue is pivotal in corporate finance. However, most researches draw upon foreign empirical materials, which are not always applicable to national practices. It necessitates elaborating this subject additionally. Objectives Following the analysis of the effect of internal factors of corporate financial model, I try to substantiate their effect on the structure of corporate capital. Methods I apply the method of scientific generalization and critical analysis, abstraction, scientific hypotheses, collection of empirical data, data summary and processing, statistical, correlation and regression analysis in order to corroborate the hypothesis made. Results As the research has shown, the corporate capital structure is mostly influenced with the composition of corporate property, percentage of variable costs out of total costs, financial sustainability and solvency, applicable tax treatment and the stage of corporate life cycle. Conclusions and Relevance The article presents my conclusions on the effect of internal factors on the corporate capital structure. The outcome of the research may be used to further develop domestic science of corporate finance, and select sources of finance.
Keywords: capital, company, sources of finance, structure, corporate model
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