Top.Mail.Ru
Preview

Vestnik Universiteta

Advanced search

Factors affecting the company's capitalization

https://doi.org/10.26425/1816-4277-2021-4-146-151

Abstract

The article considers the essence of the company's market value, clarifies the concept of enterprise capitalization. The author analyses Russian and foreign studies devoted to the identification of quantitative factors that affect the market value of companies. In the analysis of domestic research, the author pays special attention to the oil and gas and electric power industries of the economy. The analysis of foreign studies includes companies from Italy, Indonesia and Jordan. The paper analysed the structure and dynamics of the Russian stock market, the influence of revenue, net profit, the level of dividend payments, return on assets, the ratio of borrowed and own funds, as well as the return on sales by the amount of the market value of electric power companies whose shares are traded on the Russian stock market. The study identifies the main quantitative factors affecting the capitalization of companies. The author determines the directions of further research. 

About the Author

A. O. Volodina
State University of Management
Russian Federation

Anastasia O. Volodina - Postgraduate Student, State University of Management.

Moscow.



References

1. Almosov A. P., Brekhova Yu. V., Shuralev D. A. The influence of industry factors on the formation of the capitalization of oil companies (based on the materials of domestic companies in the oil sector), Management Issues, 2019, no. 2 (38), pp. 217-223. (In Russian).

2. Belemaeva A. V., Kalimullin D. M. Analysis of the significance of evaluating innovations in the process of increasing the capitalization of an enterprise, Economy and Business: Theory and Practice, 2020, no. 1-1 (59), pp. 35-38. (In Russian).

3. Lemeshchenko P. S. Enterprise capitalization in the context of institutional changes: theory, practice, evaluation, modeling, Economy of Industry, 2019, no. 2 (86), pp. 160-170. (In Russian).

4. Nureev R. M., Busygin E. G. The largest public oil companies: the impact of external and internal factors on capitalization, Financial Markets and Banks, 2019, no. 23 (5), pp. 87-100. (In Russian).

5. Plotnikov A. P., Shishlov R. A. On the issue of assessing the market value of companies in modern conditions, Izvestiya of Saratov University, 2018, no. 1, pp. 68-73. (In Russian).

6. Putri Sh.A., Azvardi S. Impact of intellectual capital, returns and dividends on market capitalization, Finance: Theory and Practice, 2020, no. 24 (3), pp. 174-182. (In Russian).

7. Rybachenko E. A. Influence of various factors on the capitalization of oil and gas companies, Interekspo Geo-Sibir', 2017, no. 1, pp. 222-225. (In Russian).

8. Fedorova E. A., Antanenkova I. S. Impact of financial and economic indicators of electric power companies on their capitalization, Financial Analytics: Science and Experience, 2012, no. 40 (130), pp. 36-42. (In Russian).

9. Chistyakov A. E., Savicheva A. N., Antipova N. A., Ulanova A. V. Fundamental problems of assessing the value of companies: a practical test of theoretical approaches in the long term, Teoreticheskaya ekonomika, 2018, no. 3, pp. 181-188. (In Russian).

10. Quantitative indicators. Available at: https://www.moex.com/s26 (accessed: 28.02.2021). (In Russian).

11. Almumani M. A. Y. An empirical study on effect of profitability ratios & market value ratios on market capitalization of commercial banks in Jordan, International Journal of Business and Social Science, 2018, no. 9 (4), pp. 39-45. https://doi.org/10.30845/ijbss.v9n4p6

12. Pavone P. Market capitalization and financial variables: Evidence from Italian listed companies, International Journal of Academic Research Business and Social Sciences, 2019, no. 9 (3), pp. 1356-1371. https://doi.org/10.6007/IJARBSS/v9-i3/5802


Review

For citations:


Volodina A.O. Factors affecting the company's capitalization. Vestnik Universiteta. 2021;(4):146-151. (In Russ.) https://doi.org/10.26425/1816-4277-2021-4-146-151

Views: 615


Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 License.


ISSN 1816-4277 (Print)
ISSN 2686-8415 (Online)