В статье предложена методика оценки оптимальной структуры инвестиционного капитала корпоративного заемщика, анализируются результаты ее апробации. На основании эффектов моделирования способности компаний создавать акционерную стоимость автор дает оценку банковским кредитным решениям, одобряющим финансирование промышленных фирм в разрезе отраслей промышленности Российской Федерации в 2012 г. Интеграция результатов исследования в систему выработки и принятия кредитных решений позволит повысить конкурентоспособность субъектов банковского бизнеса.
The purpose of this article is to study the ability of corporate borrowers generate shareholder value for the assessment of bank lending decisions.Methodology for studying the ability of corporate borrowers generate shareholder value allows us to calculate the optimal capital structure for the corporate borrower and the accounting for it when making credit decisions of the bank. Study subject 149 industrial enterprises that operate in the territory of the Russian Federation and whose shares are quoted on the stock exchange in the 2012. In this article we tested the hypothesis of disregarding the bank when making credit decisions corporate borrower the ability to create shareholder value. Identified dynamically developing company. Proved the feasibility of the proposed method in practice.The research is confined to the client base of the industrial sector of economy of the Russian Federation: it will be useful to adapt the material of this article to studying other sectoral markets nationwide. The results of research were used to assess credit decisions of Russian banks.This article constitutes groundwork for organizing effective system of bank lending decisions that guarantees congruity of the bank’s resources and capabilities with demands and requirements of the market it operates on.
The authors declare that there are no conflicts of interest present.