Topical problems of capital structure management of non-finance companies in the debt market
In the article the actual problems of capital structure management of non-financial companies with the help of market instruments are considered. Special attention is paid to the analysis of the current state of the Russian bond market in terms of the use of its tools for capital structure management. Considerable attention is paid to the factors of active growth of the domestic debt market, which have a significant impact on the debt market. The current situation of the Russian bond market, its problems and development prospects were analyzed separately. Based on the analysis, the authors conclude that the change in the key rate trend and the increase in the effective yield of liquid bonds, as well as the growth of market uncertainty contribute to the contraction of the market of corporate issuers and create an unfavorable environment for managing the capital structure of non-financial companies in the debt market.