Development of methodological approaches for a comprehensive assessment of the effectiveness of attracting financing by joint-stock companies through the capital market

Abstract

The article examines issues regarding the improvement of methodological approaches for comprehensively assessing the effectiveness of attracting financing by joint-stock companies through the capital market. The necessity of forming a systematic approach to evaluating the results of using capital market instruments, taking into account their impact on the financial stability, capital value, investment attractiveness, and operational efficiency of joint-stock companies, has been substantiated. It is proposed to consider the effectiveness of attracting financing in relation to the volume and cost of attracted capital, the level of financial risks, the profitability of invested capital, the dynamics of the company's market value, and its ability to ensure long-term development. Within the framework of the study, the main criteria and indicators for comprehensive assessment were identified, allowing for the comparison of various sources and financing instruments. Particular attention is paid to improving the methodological framework for assessing the efficiency of equity and bond issuance, as well as attracting long-term financial resources through the capital market. The developed methodological approaches are aimed at increasing the validity of financial decisions, optimizing the capital structure, and increasing the efficiency of utilizing attracted resources by joint stock companies.