title: Ð£Ð¿ÑÐ°Ð²Ð»ÐµÐ½Ð¸Ðµ ÐºÐ°Ð¿Ð¸ÑÐ°Ð»Ð¾Ð¼ ÐºÐ¾Ð¼Ð¿Ð°Ð½Ð¸Ð¹ ÑÑÐµÑÑ Ð¸Ð½ÑÐ¾ÑÐ¼Ð°ÑÐ¸Ð¾Ð½Ð½ÑÑ ÑÐµÑ Ð½Ð¾Ð»Ð¾Ð³Ð¸Ð¹
title: Ð²ÑÐ¿ÑÑÐºÐ½Ð°Ñ ÐºÐ²Ð°Ð»Ð¸ÑÐ¸ÐºÐ°ÑÐ¸Ð¾Ð½Ð½Ð°Ñ ÑÐ°Ð±Ð¾ÑÐ° Ð¼Ð°Ð³Ð¸ÑÑÑÐ°
titleType: Subtitle
title: Capital Management of Information Technology Companies
Creators: name: Ð¨Ð°Ð³Ð´Ð°ÑÐ¾Ð²Ð°, Ð¡ÑÑÐµÐ½Ð°
Publisher: name: Ð¡Ð°Ð½ÐºÑ-ÐÐµÑÐµÑÐ±ÑÑÐ³ÑÐºÐ¸Ð¹ Ð¿Ð¾Ð»Ð¸ÑÐµÑÐ½Ð¸ÑÐµÑÐºÐ¸Ð¹ ÑÐ½Ð¸Ð²ÐµÑÑÐ¸ÑÐµÑ ÐÐµÑÑÐ° ÐÐµÐ»Ð¸ÐºÐ¾Ð³Ð¾
Year: 2020
Subjects: ÑÑÑÑÐºÑÑÑÐ° ÐºÐ°Ð¿Ð¸ÑÐ°Ð»Ð° ÐºÐ¾Ð¼Ð¿Ð°Ð½Ð¸Ð¸ ÑÑÐµÑÑ Ð¸Ð½ÑÐ¾ÑÐ¼Ð°ÑÐ¸Ð¾Ð½Ð½ÑÑ ÑÐµÑ Ð½Ð¾Ð»Ð¾Ð³Ð¸Ð¹
Ð¾Ð¿ÑÐ¸Ð¼Ð¸Ð·Ð°ÑÐ¸Ñ ÑÑÑÑÐºÑÑÑÑ ÐºÐ°Ð¿Ð¸ÑÐ°Ð»Ð°
Ð·Ð°ÐµÐ¼Ð½Ð¾Ðµ ÑÐ¸Ð½Ð°Ð½ÑÐ¸ÑÐ¾Ð²Ð°Ð½Ð¸Ðµ
ÑÐ¾Ð±ÑÑÐ²ÐµÐ½Ð½ÑÐµ Ð¸ÑÑÐ¾ÑÐ½Ð¸ÐºÐ¸ ÑÐ¸Ð½Ð°Ð½ÑÐ¸ÑÐ¾Ð²Ð°Ð½Ð¸Ñ
ÐÐµÐ²ÐµÑÐ¸Ð´Ð¶
information technology sphere capital structure
capital structure optimization
liabilities
equity
Leverage

description: ÐÐ°Ð½Ð½Ð°Ñ ÑÐ°Ð±Ð¾ÑÐ° Ð¿Ð¾ÑÐ²ÑÑÐµÐ½Ð° Ð¸ÑÑÐ»ÐµÐ´Ð¾Ð²Ð°Ð½Ð¸Ñ Ð¾Ð¿ÑÐ¸Ð¼Ð°Ð»ÑÐ½Ð¾Ð¹ ÑÑÑÑÐºÑÑÑÑ ÐºÐ°Ð¿Ð¸ÑÐ°Ð»Ð° ÐºÐ¾Ð¼Ð¿Ð°Ð½Ð¸Ð¹ ÑÐµÐºÑÐ¾ÑÐ° Ð¸Ð½ÑÐ¾ÑÐ¼Ð°ÑÐ¸Ð¾Ð½Ð½ÑÑ Ð¸ ÑÐ°Ð·ÑÐ°Ð±Ð¾ÑÐºÐ° Ð½Ð° Ð´Ð°Ð½Ð½Ð¾Ð¹ Ð¾ÑÐ½Ð¾Ð²Ðµ ÑÐ¿ÑÐ°Ð²Ð»ÐµÐ½ÑÐµÑÐºÐ¸Ñ ÑÐµÑÐµÐ½Ð¸Ð¹ Ð² Ð¾ÑÐ½Ð¾ÑÐµÐ½Ð¸Ð¸ ÐºÐ¾Ð½ÐºÑÐµÑÐ½Ð¾Ð¹ Ð¾ÑÐ³Ð°Ð½Ð¸Ð·Ð°ÑÐ¸Ð¸. ÐÐ°Ð´Ð°ÑÐ¸, ÐºÐ¾ÑÐ¾ÑÑÐµ ÑÐµÑÐ°Ð»Ð¸ÑÑ Ð² ÑÐ¾Ð´Ðµ Ð¸ÑÑÐ»ÐµÐ´Ð¾Ð²Ð°Ð½Ð¸Ñ:
1. ÐÐ·ÑÑÐµÐ½Ð¸Ðµ ÑÐ°Ð·Ð²Ð¸ÑÐ¸Ñ ÑÐµÐ¾ÑÐ¸Ð¹ ÑÑÑÑÐºÑÑÑÑ ÐºÐ°Ð¿Ð¸ÑÐ°Ð»Ð° Ð¸ ÑÐ°ÐºÑÐ¾ÑÐ¾Ð², Ð²Ð»Ð¸ÑÑÑÐ¸Ñ Ð½Ð° ÐµÐµ ÑÑÑÑÐºÑÑÑÑ.
2. ÐÑÑÐ²Ð»ÐµÐ½Ð¸Ðµ Ð²Ð·Ð°Ð¸Ð¼Ð¾ÑÐ²ÑÐ·Ð¸ ÑÑÑÑÐºÑÑÑÑ ÐºÐ°Ð¿Ð¸ÑÐ°Ð»Ð° Ð¸ ÑÑÐ¾Ð¸Ð¼Ð¾ÑÑÐ¸ ÐºÐ¾Ð¼Ð¿Ð°Ð½Ð¸Ð¸.
3. ÐÑÑÐ»ÐµÐ´Ð¾Ð²Ð°Ð½Ð¸Ðµ ÑÑÑÑÐºÑÑÑÑ ÐºÐ°Ð¿Ð¸ÑÐ°Ð»Ð° ÑÐ¾ÑÑÐ¸Ð¹ÑÐºÐ¸Ñ ÐÐ¢-ÐºÐ¾Ð¼Ð¿Ð°Ð½Ð¸Ð¹.
4. ÐÐ¾Ð¸ÑÐº Ð¾Ð¿ÑÐ¸Ð¼Ð°Ð»ÑÐ½Ð¾Ð³Ð¾ ÑÐ¾Ð¾ÑÐ½Ð¾ÑÐµÐ½Ð¸Ñ ÑÑÑÑÐºÑÑÑÑ ÐºÐ°Ð¿Ð¸ÑÐ°Ð»Ð° Ð² Ð¾ÑÐ½Ð¾ÑÐµÐ½Ð¸Ð¸ ÐºÐ¾Ð½ÐºÑÐµÑÐ½Ð¾Ð¹ ÐºÐ¾Ð¼Ð¿Ð°Ð½Ð¸Ð¸ Ð¸ Ð¿ÑÐµÐ´Ð»Ð¾Ð¶ÐµÐ½Ð¸Ðµ Ð½Ð° ÐµÐ³Ð¾ Ð¾ÑÐ½Ð¾Ð²Ðµ ÑÐµÐºÐ¾Ð¼ÐµÐ½Ð´Ð°ÑÐ¸Ð¹.
Ð Ð°Ð±Ð¾ÑÐ° Ð¿ÑÐ¾Ð²ÐµÐ´ÐµÐ½Ð° Ð½Ð° Ð±Ð°Ð·Ðµ Ð¾Ð±ÑÐµÐ´Ð¾ÑÑÑÐ¿Ð½Ð¾Ð¹ Ð¸Ð½ÑÐ¾ÑÐ¼Ð°ÑÐ¸Ð¸ Ð¾ ÑÐ¸Ð½Ð°Ð½ÑÐ¾Ð²Ð¾Ð¼ ÑÐ¾ÑÑÐ¾ÑÐ½Ð¸Ð¸ ÐºÐ¾Ð¼Ð¿Ð°Ð½Ð¸Ð¹ ÐÐ¢-ÑÐµÐºÑÐ¾ÑÐ°. ÐÑÐ»Ð¸ Ð²ÑÑÐ²Ð»ÐµÐ½Ñ ÑÐµÐ½Ð´ÐµÐ½ÑÐ¸Ð¸ Ð¸ Ð´Ð¸Ð½Ð°Ð¼Ð¸ÐºÐ° ÑÐ°Ð·Ð²Ð¸ÑÐ¸Ñ ÐÐ¢-ÑÐµÐºÑÐ¾ÑÐ°. ÐÑÐ¸Ð²ÐµÐ´ÐµÐ½Ñ ÑÐ¸Ð½Ð°Ð½ÑÐ¾Ð²ÑÐ¹ Ð°Ð½Ð°Ð»Ð¸Ð· ÐºÐ¾Ð¼Ð¿Ð°Ð½Ð¸Ð¹ Ð¸ Ð²Ð»Ð¸ÑÐ½Ð¸Ðµ Ð²Ð½ÑÑÑÐµÐ½Ð½Ð¸Ñ ÑÐ°ÐºÑÐ¾ÑÐ¾Ð² Ð½Ð° ÑÐ¸Ð½Ð°Ð½ÑÐ¾Ð²ÑÐ¹ ÑÑÑÐ°Ð³. 
Ð ÑÐµÐ·ÑÐ»ÑÑÐ°ÑÐµ Ð±ÑÐ»Ð¾ Ð²ÑÑÐ²Ð»ÐµÐ½Ð¾, ÑÑÐ¾ Ð¿ÑÐ¸Ð²Ð»ÐµÑÐµÐ½Ð¸Ðµ Ð·Ð°ÐµÐ¼Ð½ÑÑ ÑÑÐµÐ´ÑÑÐ² Ð´Ð»Ñ ÐºÐ¾Ð¼Ð¿Ð°Ð½Ð¸Ð¹ ÐÐ¢-ÑÐµÐºÑÐ¾ÑÐ° ÑÐ²Ð»ÑÐµÑÑÑ Ð½Ð°Ð¸Ð±Ð¾Ð»ÐµÐµ Ð¿ÑÐµÐ´Ð¿Ð¾ÑÑÐ¸ÑÐµÐ»ÑÐ½ÑÐ¼, Ð² ÑÐ¸Ð»Ñ ÑÐ¿ÐµÑÐ¸ÑÐ¸ÐºÐ¸ Ð´ÐµÑÑÐµÐ»ÑÐ½Ð¾ÑÑÐ¸. ÐÑÐ¾Ð²ÐµÐ´ÐµÐ½Ð½ÑÐµ ÑÐ°ÑÑÐµÑÑ Ð¿Ð¾Ð¸ÑÐºÐ° Ð¾Ð¿ÑÐ¸Ð¼Ð°Ð»ÑÐ½Ð¾Ð¹ ÑÑÑÑÐºÑÑÑÑ ÐºÐ°Ð¿Ð¸ÑÐ°Ð»Ð° Ð´Ð»Ñ ÐÐÐ Â«ÐÑÐ¾Ðº ÐÐ½ÐºÐ¾ÑÐ¿Ð¾ÑÐµÐ¹ÑÐµÐ´Â» Ð²ÑÑÐ²Ð¸Ð»Ð¸ Ð·Ð°Ð¿Ð°Ñ Ð² ÑÐ²ÐµÐ»Ð¸ÑÐµÐ½Ð¸Ð¸ Ð·Ð°ÐµÐ¼Ð½ÑÑ ÑÑÐµÐ´ÑÑÐ². ÐÐ¾ Ð´Ð»Ñ ÑÐ¾Ð¾ÑÐ²ÐµÑÑÑÐ²Ð¸Ñ Ð¾Ð¿ÑÐ¸Ð¼Ð°Ð»ÑÐ½Ð¾Ð¹ ÑÑÑÑÐºÑÑÑÑ ÐºÐ°Ð¿Ð¸ÑÐ°Ð»Ð°, ÐºÐ¾Ð¼Ð¿Ð°Ð½Ð¸Ð¸ Ð½ÐµÐ¾Ð±ÑÐ¾Ð´Ð¸Ð¼Ð¾ ÑÐ´Ð¾Ð²Ð»ÐµÑÐ²Ð¾ÑÑÑÑ ÑÑÐ»Ð¾Ð²Ð¸ÑÐ¼ ÑÐ¸Ð½Ð°Ð½ÑÐ¾Ð²Ð¾Ð¹ ÑÑÑÐ¾Ð¹ÑÐ¸Ð²Ð¾ÑÑÐ¸ Ð¸ Ð»Ð¸ÐºÐ²Ð¸Ð´Ð½Ð¾ÑÑÐ¸. ÐÐ° Ð¾ÑÐ½Ð¾Ð²Ðµ Ð´Ð°Ð½Ð½ÑÑ ÑÐ°ÑÑÐµÑÐ¾Ð² Ð±ÑÐ»Ð¸ Ð¿ÑÐµÐ´Ð»Ð¾Ð¶ÐµÐ½Ñ ÑÐµÐºÐ¾Ð¼ÐµÐ½Ð´Ð°ÑÐ¸Ð¸ Ð¿Ð¾ Ð¾Ð¿ÑÐ¸Ð¼Ð¸Ð·Ð°ÑÐ¸Ð¸ ÑÑÑÐµÑÑÐ²ÑÑÑÐµÐ¹ ÑÑÑÑÐºÑÑÑÑ.
description: This work is devoted to the study of the optimal capital structure of companies in the information sector and the development on this basis of management decisions in relation to a particular organization. Tasks that were solved during the study:
1. The study of the development of theories of capital structure and factors affecting its structure.
2. Identification of the relationship of capital structure and company value.
3. The study of the capital structure of Russian IT companies.
4. Search for the optimal ratio of capital structure in relation to a particular company and offer recommendations based on it.
The work was carried out on the basis of publicly available information on the financial condition of IT sector companies. The trends and dynamics of the IT sector were identified. The financial analysis of companies and the influence of internal factors on financial leverage are presented.
As a result, it was found that borrowing for IT companies is the most preferable, due to the specifics of the activity. The calculations of the search for the optimal capital structure for CJSC Croc Incorporated revealed a reserve in the increase in borrowed funds. But in order to meet the optimal capital structure, a company must satisfy the conditions of financial stability and liquidity. Based on these calculations, recommendations were made to optimize the existing structure.