Theoretical framework of investment capital control in the interests of business owners

Subject. This article examines the essence of controlling a company's invested capital from the owners' perspective. Objectives. The article aims to formulate and provide a scientific justification for the terminology of invested capital control in connection with the differences in the objectives of invested capital control for business owners and the managers they hire. This will subsequently make it possible to justify the set of indicators for monitoring. Methods. For the study, I used systems and logical methods, as well as analysis and synthesis, comparison, and analogy. Results. Based on the analysis of various scholars' viewpoints regarding the main goals and objectives of company management and its owners in connection with the assessment of the use of invested capital, the article identifies the main methods of controlling invested capital. It also reflects the difference in interests between owners and management regarding the control of invested capital, based on which the method of owner control, namely supervision, was identified. The article also forms a set of elements for controlling invested capital. Conclusions and Relevance. The interpretation of control of business owners proposed in the article fully corresponds to the role of owners in the management of their organization. Conclusions about the business owners' target interests can be included in the internal control framework, which may prove useful for further research on the theoretical and practical aspects of control.