RISK MANAGEMENT OF COMPANIES IN THE INVESTMENT AND CONSTRUCTION SPHERE ON THE BASIS OF THE OPTIMAL CAPITAL STRUCTURE FORMING

Author(s): Dukhanina E.V., Bulienova Yu.S., Smirnova K.R.

Rubric: Economy

DOI: 10.21777/2587-554X-2023-3-37-47

Release: 2023-3 (46)

Pages: 37-47

Keywords: investment and construction activities, investment and construction projects, risk management, capital structure, financial leverage effect

Annotation: The article describes the features of the functioning of the investment and construction sector in an unstable external environment due to the consequences of the COVID-19 pandemic, implemented economic sanctions and the influence of other macroeconomic factors. The authors pay attention to the analysis of risks generated by the uncertainty factors of the internal and external environment, which are associated with the activities of construction industry enterprises in the process of implementing investment and construction activities, as well as the need to create a risk management system based on taking into account all the features of the investment and construction process. In order to identify the degree of influence of risk and uncertainty on the performance of construction companies, the authors analyzed construction companies registered and operating in the Penza region. In order to evaluate the performance indicators, several key players in the construction market were selected from the entire population and the results of the analysis of key profitability indicators, capital structure, financial results and their impact on the level of risk are presented.

Bibliography: Dukhanina E.V., Bulienova Yu.S., Smirnova K.R. RISK MANAGEMENT OF COMPANIES IN THE INVESTMENT AND CONSTRUCTION SPHERE ON THE BASIS OF THE OPTIMAL CAPITAL STRUCTURE FORMING // Economics and Management. – 2023. – № 3 (46). – С. 37-47. doi: 10.21777/2587-554X-2023-3-37-47