Organizational and Economic Aspects of Innovative Digital Project Management

Гончаренко, Людмила; Сокольникова, И. В.; Soltakhanov, Anzor U.; Sybachin, Sergey

doi:10.1007/978-3-030-59126-7_162

Cited by 1 publication

(1 citation statement)

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“…Many economists note that the current decline in investment attractiveness of real economy is subject not only to instability of the economic situation in both global and local markets, but also to extremely low transparency of Russian companies, which leads to increased risks and the cost of raising capital [1], and also the lack of confidence between economic agents [2]. All this has a negative effect on competitiveness of Russian companies.…”

Section: Introductionmentioning

confidence: 99%

The impact of transparency on funding construction companies in Russia

Lisitskaya

Maziy²

2023

E3S Web of Conf.

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The article is devoted to the study of the impact of transparency on the formation of funding sources, by the example of a construction industry enterprise. The literature review covers studies revealing the concept of transparency as an initial condition for creating an environment in which there is complete, reliable and open information for taking various decisions. The issue of creating a trusted environment is particularly sharp when taking funding decisions, since, for the funding party, information transparency is a risk factor influencing efficiency of funding. Generalization of the available studies has shown a special significance of such studies for subjects of the construction industry, which have distinctive funding source choice industry features. The study was conducted on a selection of construction companies of Russia. The results of the study showed that transparency has a significant impact on the ability to attract funding, especially on a long-term basis. Achieving optimal transparency allows not only increasing debt sources of financing, but also optimizing their structure due to high confidence on the part of capital suppliers. Besides, a dependence of transparency and resistance of a company to external factors is revealed, i.e., financial stability of financially transparent companies is maintained in the long-term perspective.

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Section: Introductionmentioning

confidence: 99%