CRITERIONAL APPROACHES TO THE FORMATION OF THE OPTIMAL STRUCTURE OF CAPITAL OF THE ENTERPRISE

Abstract

The article substantiates the essence of the capital of the enterprise and its structuring. The expediency of using, in the development of management measures to optimize the structure of capital, the so-called target capital structure, which is the ratio of its elements, which allows to fully ensure the achievement of the selected criterion for its optimization. The author's scientifically substantiated methodical approach to optimization of the capital structure of the enterprise is offered, which provides obligatory consideration of the target direction of the ratio of capital by sources of formation and specific property to ensure the functioning of enterprises, while generating profit and increasing their financial stability. It is proved that in the formation of the optimal target capital structure of the enterprise it is advisable to use not one but two criteria of optimality - the level of return on equity and the level of financial stability of the enterprise.