Dependence of the Capital Structure of Russian Transport Companies on the Type of Transport Used
- 10.2991/aebmr.k.200324.155How to use a DOI?
- capital structure, weighted average cost of capital, return on sales, financial analysis, correlation and regression analysis, the transport industry
the purpose of the study is to assess the impact of sales profitability level on the formation of the structure and the weighted average cost of capital of companies in the transport industry of Russia, depending on the type of transport used. The research methodology is based on financial analysis, correlation and regression analysis. The research base included data on 33 Russian companies. For the purpose of the study, all companies was divided into groups: road transport; railway transport; water transport; and companies that work in partnership with transport companies. For selected company groups hypothesis testing on the dependence of funding sources weight of ROS and the weighted average cost of capital from cost of sales was carried out. The impact of return on sales on capital structure decisions has been partially proven; a strong relationship between the two hypotheses has been found for two groups of companies. The most significant factor reflecting the level of influence on the capital structure was the level of profitability. The originality of this research consists in assessing the impact of sales profitability level for the formation of the structure and weighted average cost of capital of companies in the transport industry
- © 2020, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - Skorokhod Aleksandrina AU - Kharchenko Larisa AU - Khramova Valeriya AU - Chernenko Vladimir PY - 2020 DA - 2020/03/30 TI - Dependence of the Capital Structure of Russian Transport Companies on the Type of Transport Used BT - Proceedings of the “New Silk Road: Business Cooperation and Prospective of Economic Development” (NSRBCPED 2019) PB - Atlantis Press SP - 835 EP - 840 SN - 2352-5428 UR - https://doi.org/10.2991/aebmr.k.200324.155 DO - 10.2991/aebmr.k.200324.155 ID - Aleksandrina2020 ER -