UDC 303.722.2: 338.51
4DOI: 10.36871/2618-9976.2024.09.003
Authors
Valeria S. Kholodova,
Student, Peter the Great St. Petersburg Polytechnic University, St. Petersburg, Russia
Ruslan Kh. Ilyasov,
Doctor of Science (Economic), Docent, Chechen State University, Grozny, Russia
Alina S. Furtatova,
Candidate of Economic Sciences, Senior Lecturer, Peter the Great St. Petersburg Polytechnic University,
St. Petersburg, Russia
Abstract
Often, the market value of a company, or capitalization, reflects its scale in the market, so a competent assessment of the company by an investor can tell him a lot. The paper considers the influence of economic factors on the capitalization of metallurgical companies. Studying this topic will allow you to present the structure of the company's value in the form of an equation, which will allow investors to quickly assess the investment attractiveness of the financing facility. The Russian metallurgical companies of the ferrous industry, namely Severstal, Novolipetsk Metallurgical Combine (NLMK), Magnitogorsk Iron and Steel Works (MMK), Mechel, EVRAZ, Ashinsky MOZ and Izhstal, were taken as the basis for building the model. The data of the companies in question were used for 2020-2021 at semiannual intervals. Based on the results of the study, an optimized model was obtained that reflects the links between economic factors and their impact on the resulting indicator, i.e. capitalization. The constructed model confirmed the impact of steel production, dividend payments, the level of recognition of the company in the media, as well as the debt burden on its scale. The results of this study can be useful when searching for an investmentattractive company to finance it, especially taking into account the industrial contexts.<br>
Keywords
Ferrous metallurgy, Steel, Capitalization, Market value, Metallurgical industry, Industry, Company, Investment attractiveness, Economic factor, Production, Modeling
