Proceedings of the “New Silk Road: Business Cooperation and Prospective of Economic Development” (NSRBCPED 2019)

Dependence of the Capital Structure of Russian Transport Companies on the Type of Transport Used

Authors
Skorokhod Aleksandrina, Kharchenko Larisa, Khramova Valeriya, Chernenko Vladimir
Corresponding Author
Skorokhod Aleksandrina
Available Online 30 March 2020.
DOI
10.2991/aebmr.k.200324.155How to use a DOI?
Keywords
capital structure, weighted average cost of capital, return on sales, financial analysis, correlation and regression analysis, the transport industry
Abstract

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

Copyright
© 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/).

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Volume Title
Proceedings of the “New Silk Road: Business Cooperation and Prospective of Economic Development” (NSRBCPED 2019)
Series
Advances in Economics, Business and Management Research
Publication Date
30 March 2020
ISBN
10.2991/aebmr.k.200324.155
ISSN
2352-5428
DOI
10.2991/aebmr.k.200324.155How to use a DOI?
Copyright
© 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  -