Analiza povezanosti novčanog toka i zaduženosti izabranih poduzeća u Republici Hrvatskoj modelom linearne regresije

master's thesis

• Title (english): Analysis of cash flow and indebtedness relationship in selected companies in Republic of Croatia using linear regression model
• Author: Josipa Filić
• Mentor: Anita Čeh Časni (mentor)
• Committee member: Mirjana Hladika (predsjednik povjerenstva)
• Committee member: Josip Arnerić (član povjerenstva)
• Granter: University of Zagreb; Faculty of Economics and Business; Zagreb
• Defense date and country: 2019-09-10, Croatia
• Scientific / art field, discipline and subdiscipline: SOCIAL SCIENCES; Economics

Abstract

Suvremeno poslovno okruženje i stalne promjene zahtijevaju od poduzeća razvoj novih proizvoda, usluga, tehnologija te cjelokupni napredak u poslovanju. Takvo dinamično okruženje traži stalne promjene, rast i napredak. Rast i napredak je potrebno financirati, stoga je važno dobro upravljanje izvorima financiranja. Postoje poduzeća koja preferiraju korištenje vlastitih izvora. S druge strane, postoje poduzeća koja u većoj mjeri koriste tuđe izvore financiranja. Cilj poduzeća je osiguravanje dostatnih novčanih sredstava za uspješno poslovanje poduzeća. U ovome radu, provedena je regresijska analiza na uzorku od 47 odabranih poduzeća u Republici Hrvatskoj. Empirijsko istraživanje provedeno je s ciljem analiziranja povezanosti novčanog toka i zaduženosti poduzeća korištenjem najnovijih dostupnih podataka. Doprinos ovoga rada je u tome što su mnoga istraživanja ispitivala povezanost dobiti i zaduženosti, a ovdje će se ispitati povezanosti novčanog toka i zaduženosti jer se smatra da je novčani tok bolja mjera. Provedbom regresijske analize dobiveni su rezultati koji ukazuju na negativnu povezanost između novčanog toka i zaduženosti čime je potvrđena jedna od teorija strukture kapitala, teorija redoslijeda pakiranja.

Abstract (english)

Modern business environment and changes require companies to develop new products, services, technologies and overall business advancement. A dynamic environment requires changes, growth and progress. Growth and progress have to be funded and because of that reason good management of funding sources is very important. There are companies that prefer to use their own funding sources. On the other hand, there are also companies which use extensively other funding sources. The aim of company is to provide sufficient funds for the successful operation of the company. In this paper, the analysis for 47 companies was conducted. The empirical research is focused on cash flow and indebtedness relationship in selected companies in Republic of Croatia using the latest available data. Contribution to empirical research is in way that analysis was conducted. Unlike previous studies which usually examine relationship between profit and debt, in this paper will be examine realtionship between cash flow and debt because cash flow is better measure. The results showed negative correlation between cash flow and indebtedness. This results confirm one of capital structure theory, pecking order theory.

• Keywords: novčani tok; zaduženost; model linearne regresije; struktura kapitala
• Keywords (english): cash flow; indebtedness; linear regression model; capital structure
• Language: croatian
• URN:NBN: urn:nbn:hr:148:487031
• Study programme: Title: Business Economics; Study programme type: university; Study level: graduate; Academic / professional title: magistar/magistra ekonomije (magistar/magistra ekonomije)
• Type of resource: Text
• File origin: Born digital
• Access conditions: Access restricted to students and staff of home institution
• Created on: 2019-09-11 19:03:32