Capital structure formation in emerging markets

Corporate capital is a system of economic relations of reproduction arising between investors, their agents and the state. In other words, it is the total value of funds in monetary, tangible and intangible forms invested in the formation of its assets. [1] Selection of the optimal capital structure (ratio of equity to debt capital) is one of the most important financial and management decisions of the company. The study of this problem is devoted to a large number of theoretical and empirical studies in both developed and emerging financial markets. Under the influence of the consequences of the global financial and economic crisis, it is quite possible that problematic situations may arise in a number of companies that have had an improperly structured capital structure.