![]() ![]() It is determined that the total amount of financial resources that is necessary for the researched enterprise – sources of financing is 150 000 thousand UAH. In the course of the research the estimation of optimization of structure of financial resources of the enterprise on the basis of the multicriteria approach was carried out. The purpose of the study is to analyze the optimization of the components of the resource potential of the enterprise. The methodological basis of the study were the provisions of modern economic theory, financial statements of the studied enterprise and scientific works of scientists. The subject of research of the scientific article is the optimization of the resource potential of the enterprise based on the analysis of the structure of financial resources. This research is important for stakeholders looking to improve their knowledge about integrated reports and for practitioners seeking to enhance the quality of integrated reports and reduce the financial risk of companies. Robustness tests were applied to the relationship between ITR and the weighted average cost of capital the results show that stricter board oversight and holistic stakeholder management can decrease the average cost of capital and the financial risk for the company. In addition, designing a compensation system linked to sustainability performance leads to a reduced cost of financing through debt and equity. Our results show a negative relationship between ITR and the weighted average cost of capital, and a positive association between the main predictor and liquidity measured by the cash ratio. ![]() Hypotheses related to signaling theory are confirmed, as companies are interested in high-quality disclosures in integrated reports, reflecting a positive outlook and reduced financial risk. ![]() Panel regression was used as a statistical procedure and random effects models are preferred. The focal industries are basic materials, consumer discretionary, consumer staples, energy, healthcare, industrials, real estate, technology, telecommunications, and utilities. Data were collected mainly from the Refinitiv Eikon database for 7111 companies from 85 countries over the period 2017–2021. The aim of this study is to analyze the relationship between integrated thinking and reporting (ITR) and financial risk in nonfinancial companies worldwide. There is a growing interest in identifying the benefits that companies may have once they disclose financial and sustainability information in integrated reports. Policymakers can use the results of this study to formulate and implement policies about firm fundamentals, cost of capital and business activities. Nepalese firms should pay more dividends to use cheaper sources of debt and increase liquidity position and financial leverage to minimize the average cost of capital. This paper concludes that Nepalese non-financial firms with less dividend distribution using high financial leverage with a strong liquidity position and higher-earning variability can minimize the cost of capital. The estimated regression results of this paper reveal that COC is positively affected by dividend payout and inversely influenced by leverage, earning variability, and liquidity. Estimated results show that liquidity, earnings variability, dividend payout and leverage ratio are key factors influencing COC in Nepalese non-financial firms. COC is the weighted average cost of capital of debt and share capital and is used as a dependent variable and bank-related fundamental variables such as growth rate of net sales, growth rate of assets, leverage ratio as debt to capital, dividend payout ratio, earning variability, assets tangibility and liquidity ratio are explanatory variables of this study. This study has applied a causal-comparative research design to investigate the effect of firm fundamentals on COC. This paper examines the impact of firm fundamentals on the cost of capital (COC) of non-financial firms in Nepal for the period 2004/05-2017/18. ![]()
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