Open AccessFIXED CAPITAL MANAGEMENT POLICY OF ENTERPRISES
Author(s) -
Yevheniia Skliar,
Kateryna Fen,
Yuri Kalinenko
Publication year - 2021
Publication title -
vìsnik odesʹkogo nacìonalʹnogo unìversitetu. ekonomìka
Language(s) - English
Resource type - Journals
eISSN - 2664-696X
pISSN - 2304-0920
DOI - 10.32782/2304-0920/4-89-8
Subject(s) - fixed asset , business , fixed capital , economic capital , working capital , financial capital , financial management , enterprise planning system , finance , industrial organization , economics , process management , capital formation , microeconomics , profit (economics) , production (economics)
Theoretical issues of fixed capital management policy of enterprises are researched and analyzed. The scientific content and economic essence of the fixed capital of the enterprise are revealed. The problems of management policy development are outlined and it is determined that the policy of fixed capital management of the enterprise, as well as the whole management process demonstrates a system of principles and methods of construction and implementation of effective management decisions. The general methods and ways of activation of the policy of management of the fixed capital of the enterprise are investigated. The main tasks for solving this problem are identified, as the concentration of assignments for further improvement. The ways of the decision concerning effective policy of management of the basic capital of the enterprise in modern conditions of managing are offered; also approaches and the mechanism concerning management of the fixed capital of the enterprise in modern conditions are improved. In enterprises, capital as an accumulated value is characterized by the stock of fixed assets, intangible assets, cash, and tangible current assets. The formation of the conceptual foundations of the fixed capital management policy of the enterprise should be based primarily on the laws of its circulation, the typology of management strategies and the system of tactical management. The modern system of fixed capital management of the enterprise must justify the current financial efficiency of its use, the current financial stability of the enterprise, the ability to minimize business risks and the specifics of cash flows of the enterprise. In order to manage the fixed capital of the enterprise in market conditions at a high level and to achieve the greatest benefit from the production process, it is necessary to involve various economic optimization models. The policy of fixed capital management of the enterprise is one of the most important parts of the financial management system. It has gained in recent decades a deeper theoretical basis and effective forms of practical implementation. In the process of financial and economic activities of the enterprise, capital is used as an investment and production resource, and at the same time, it acts as a carrier of analytical information for managing the enterprise on the basis of capital turnover.