Publication Details:

«Բանբեր Հայաստանի պետական տնտեսագիտական համալսարանի» հանդեսն ընդգրկված է դոկտորական ատենախոսությունների արդյունքների տպագրման համար ընդունելի գիտական հրատարակությունների ցանկում:

Journal or Publication Title:

Բանբեր Հայաստանի պետական տնտեսագիտական համալսարանի=Вестник Армянского государственного экономического университета=Messenger of Armenian State University of Economics

Date of publication:

2025

Number:

1

ISSN:

1829-0280

Official URL:

Coverage:

115-128

Abstract:

Understanding and managing current financial requirements is crucial for ensuring any commercial organization's economic and financial stability. Organizations need short-term financial means to acquire raw materials, semi-finished products, and auxiliary materials and to make deferred payments to their customers while conducting their current economic activities. Consequently, attracting financial resources from various sources directly influences the weighted average cost of capital (WACC). It is possible to implement effective control of current financial needs by applying combined mechanisms for managing inventories, accounts receivable, and accounts payable. These mechanisms exhibit certain characteristics in different sectors, especially when considering the issue from both the perspective of financial resource sources and liquidity control. This article presents the proposed approach for assessing the impact of current financial requirements (CFR) on the WACC of alcoholic beverage manufacturing companies listed on global stock exchanges. Within the scope of the research, the key focus has been on the different capital structures in the studied sectors, market dynamics, and operational requirements. The article aims to conduct a comparative analysis of current financial requirements in alcoholic beverage manufacturing companies listed on international stock exchanges, to conduct a CFR comparative analysis, assess the relationship between CFR and WACC, and identify issues in the regulation of CFR in liquidity control processes through sectoral comparative analysis. The scientific novelty of the research lies in revealing the sector-specific features of CFR control and the proposed approach for assessing the impact of CFR on WACC.

Place of publishing:

Երևան

Publisher:

«Տնտեսագետ» հրատ․

Format:

pdf

Identifier:

oai:arar.sci.am:402626

Language:

en

General note:

Նյութը վերցված է Հայաստանի պետական տնտեսագիտական համալսարանի կայքից։