СТРАТЕГІЯ ФІНАНСУВАННЯ ОБОРОТНИХ АКТИВІВ: ПОЗИЦІЯ ПЕРСОНАЛІСТІВ
CURRENT ASSETS FINANCING STRATEGY: POSITION OF PERSONALISTS

Summary/Abstract: Introduction. The one of the financial management’s main tasks of the company is to determine the optimal strategy for current assets financing. Purpose. The purpose of the article is to identify the impact of the institutionalists and personalists views difference on the formation of the current assets financing strategy. Results. The existing differences in the institutionalists and personalists approaches to the definition of the term «capital» allow attributing the current liabilities in the internal calculations to the shareholders’ equity of a company. On the basis of the existing current assets’ financing strategies there were developed the system of balance equations and a final measure of the financing in two ways of liabilities structure of the company: from the standpoint of institutionalism and personalism. Conclusions. Depending on the users – the company or its owners – there can be the choice of one (institutionalists position) or another (personalist position) approach to mechanism of the current assets’ financing strategy determining

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