Optimization of structure of the capital as a way of crisis management in agriculture

Issue № 6, 2018, article № 3, pages 26-37

Section: Economic mechanism of managing

Language: Russian

Original language title: ОПТИМИЗАЦИЯ СТРУКТУРЫ КАПИТАЛА КАК СПОСОБ АНТИКРИЗИСНОГО УПРАВЛЕНИЯ В СЕЛЬСКОМ ХОЗЯЙСТВЕ

Keywords: CRISIS MANAGEMENT, CAPITAL STRUCTURE, AGRICULTURE SECTOR, BANKRUPTCY OF ENTERPRISES

Abstract: The article’s purpose is an assessment of opportunities of determination of probability of crisis on the basis of significant factors. A research object is the agricultural organizations of which is characteristic dependence of business on an environment, seasonality of production works, the considerable competition, sharp fluctuation in prices of agricultural production, high wear of fixed assets. A serious problem is also the lack of financing, low investment attractiveness of the agricultural organizations, inaccessibility of credit resources and a lack of mortgage providing. It leads to the high level of bankruptcies for the agricultural organizations. So, for the end of 2016, by data SPARK-Interfax, more than 300 in a state bankruptcies were the share of 27.6 thousand operating agricultural organizations, and about 1.9 thousand more enterprises were liquidated. The mechanism of crisis management directed to prevention of bankruptcy of the agricultural organizations, assuming determination of probability of approach of bankruptcy on the basis of significant factors is investigated.

Authors: Bulgakov Andrei Leonidovich, Vinogradova Olga Sergeevna