Kovalenko Y. Economic mechanism of financial resources management in construction company

Dissertation for the degree of candidate of economic sciences, specialty 08.00.04 - "Economics and business management (by type of economic activity)." - Kyiv National University of Construction and Architecture, Kyiv, 2014. The thesis (dissertation) is aimed at solving scientific and practical tasks of improving the economic mechanism of financial resources management in construction company. Dissertation systematizes existing scientific approaches for definition and classification of financial resources; it includes author's definition of financial resources in construction company with consideration of the peculiarities in different economic areas; it describes significant differences in mechanism of financial management in subcontract organization; it explores main problems of financial management in construction company in specific area and provides recommendations on profitability and business activity with consideration of company's size and main type of it's construction activity. This dissertation specifies main characteristics of financial system reliability in construction companies; it proposes methodical approach for estimation the reliability of financial management mechanism in construction companies in various time horizons and this approach is applied to sample of modern construction companies. It also explores the relation between the methods of working capital financing and changes in financial equilibrium as well as other financial ratios of construction companies. It proposes approach for raising capital by the way of bond issue consisting of static and dynamic blocks which evaluate ability of subcontract companies to repay interest on bonded loans and investment attractiveness of such bonds. Based on solved optimizing tasks the mechanism of cash provision for operational activities in subcontract companies is described; the dissertation proposes methodical approach for optimizing the policy on accounts receivable and accounts payable management; based on theory of indistinct sets the system is performed as an information support on decisions of tasks in financial management, particularly in reducing of accounts receivable, and also in basis of economic parameters on diversification of construction company.