# 38 256-261 View full article

УДК: 338.2:658.15

DOI: https://doi.org/10.36887/2415-8453-2022-4-38

Didukh Serhii,
Doctor of Economics, Associate Professor, Odessa National Technological University,
https://orcid.org/0000-0003-1534-0975
Fedorova Tetiana,
Graduate student, Odessa
National Technological University,
https://orcid.org/0000-0002-0868-4510

JEL classification: G32

The article aims to study current trends and approaches to justifying budget decisions regarding optimizing the capital structure in risk conditions and fundamental changes in the financial market situation caused by the start of a full-scale war in Ukraine. In modern states, management faces many complex problems when budgeting and optimizing capital structure. The unstable economic environment, heterogeneity and incompleteness of information, risks, and incompatibility of goals require careful analysis, flexibility, and the ability to make informed decisions from managers, ensuring the effective use of the organization’s financial resources. The following research methods are used: survey-analytical, abstract-logical generalization, graphic method, system analysis, and synthesis. The work defines the actual decision-making problems regarding budgeting and capital assessment in war conditions, summarizes scientific approaches to the interpretation of the category “cost of capital,” and the scope of using the indicator of the cost of capital at the enterprise. This article presents the decomposition of the goals of forming an optimal capital structure, systematizes the institutional prerequisites for the transformation of models of maximizing the effectiveness of the formation and the use of capital; the role of justifying budget decisions for the construction of the optimal capital structure of the enterprise is determined. The article also defines scientific approaches to making reasonable budget decisions regarding the enterprise’s capital structure in wartime conditions. Prospects for further research are: the substantiation of socio-economic directions for optimizing the capital structure of enterprises in the context of post-war recovery; we are improving the toolkit for justifying budget decisions; We are developing a synergistic model for optimizing the capital structure to maximize enterprises’ value.

Keywords: capital structure, justification of budget decisions, equity capital, positional capital, financial stability, risk assessment, justification of decisions in conditions of war.

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The article was received 02.12.2022

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Didukh Serhii, Fedorova Tetiana . 02.12.2022. Justification of budget decisions regarding optimization of the capital structure in the current conditions. The journal "Ukrainian Journal of Applied Economics and Technology". 2022 / #4. 256-261pp. https://doi.org/10.36887/2415-8453-2022-4-38

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Didukh Serhii, Fedorova Tetiana . "Justification of budget decisions regarding optimization of the capital structure in the current conditions". The journal "Ukrainian Journal of Applied Economics and Technology". 02.12.2022. https://doi.org/10.36887/2415-8453-2022-4-38

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