Corporate financing as a special process. The role of microcredit in it is organization
https://doi.org/10.20914/2310-1202-2018-3-494-499
Abstract
The operation of any company implies in practice the solution of a large number of issues, including the organization of the financing process. In the theory of corporate finance, there are different methods that significantly facilitate the work of financial managers in this part. At the same time, it is important and significant that in some cases, practitioners face a number of problems that are not prescribed by classical methods. The situation is exacerbated by the solution of financing issues within the complex structured companies, which have become a special result of the capital structuring. Their complex structure often combines the signs of formal and informal holdings. A large number of participants in these structures (such as subsidiaries and affiliates, affiliates, structural units), organization of relations with customers, suppliers and contractors significantly complicate most financial processes, including the financing process. In such cases, there is an urgency to clarify the qualitative characteristics of financing, necessity in determining the role and extent of the influence of "hidden" financing sources on the result and efficiency of capital use. Actually, microlending is the one of these sources.This type of financing is used by companies, being contractors of large businesses, use this resource for financial security purposes
About the Authors
L. V. Kislitsyna
Baikal state university
Russian Federation
Cand. Sci. (Econ.), associate professor, finance and financial institutions department, Lenina st., 11, Irkutsk, 664003, Russia
Russian Federation
Cand. Sci. (Econ.), associate professor, finance and financial institutions department, Lenina st., 11, Irkutsk, 664003, Russia
E. S. Krikun
Baikal state university
senior lecturer, finance and financial institutions department, Lenina st., 11, Irkutsk, 664003, Russia
senior lecturer, finance and financial institutions department, Lenina st., 11, Irkutsk, 664003, Russia
N. S. Suvorov
Baikal state university
graduate, ,finance and financial institutions department, Lenina st., 11, Irkutsk, 664003, Russia
graduate, ,finance and financial institutions department, Lenina st., 11, Irkutsk, 664003, Russia
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Review
For citations:
Kislitsyna L.V., Krikun E.S., Suvorov N.S. Corporate financing as a special process. The role of microcredit in it is organization. Proceedings of the Voronezh State University of Engineering Technologies. 2018;80(3):494-499. (In Russ.) https://doi.org/10.20914/2310-1202-2018-3-494-499
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