Management of company value in the conditions of economic instability Cover Image

Управління вартістю компанії в умовах економічної нестабільності
Management of company value in the conditions of economic instability

Author(s): Nataliya Mamontova
Subject(s): National Economy, Business Economy / Management, Methodology and research technology, Management and complex organizations, Accounting - Business Administration
Published by: Переяслав-Хмельницький державний педагогічний університет імені Григорія Сковороди
Keywords: value; assessment of value; management of company value; management of value in the financial management system

Summary/Abstract: Theoretical and methodological approaches to determining the value of company in new conditions are generalized. Condition andproblems of the Ukrainian companies from the point of view of expediency of value management implementation are analyzed. Aimof the article is to describe author’s generalizations of theoretical and methodological aspects of managing company value.The following conclusions and generalizations are provided on the basis of research.Result of value management shall be determined first of all by the degree of achieving the declared purposes and performing thetasks before the value management system. Criteria of achieving purposes and performing tasks may be economical and non–economical what proves interdisciplinary character of the problem. With the exception of increase of absolute indicators, changes inthe structure of company capital shall be taken into account. In post–industrial economy one of such criteria is the priority ofincreasing value of intellectual capital. It is important to implement evaluation taking into account interests of different groups ofshareholders, management and staff. Further definite methodologies of evaluating effectiveness of value management shall beproposed taking into account definite peculiarities of company functioning.In the new conditions guarantee of effective corporate management is increase on value indicators of the company. Value of thecompany is its piece, determined on the basis of value of material and non–material assets, as well as expectations concerning theability to bring economic effects in future. One of the most widely spread concepts oriented at the maximization of market value ofcompany is the so called concept of economic added value (EVA), which resulted from the evolutional development of paradigm fordetermining integrated evaluative indicators of business effectiveness. The strategy for maximizing the company value shall bedirected at the grounded increase based on positive dynamics of definite market and internal factors.

  • Issue Year: 1/2013
  • Issue No: 21
  • Page Range: 123-128
  • Page Count: 6
  • Language: Ukrainian