Analiza zaduženosti jedinica lokalne samouprave i trgovačkih društava u njihovom vlasništvu

master's thesis

• Title (english): Debt analysis of local government units and companies in their ownership
• Author: Antonijo Dragičević
• Mentor: Marko Primorac (mentor); MBZ: 300174
• Committee member: Hrvoje Šimović (predsjednik povjerenstva)
• Committee member: Dajana Barbić (član povjerenstva)
• Committee member: Marko Primorac (član povjerenstva)
• Granter: University of Zagreb; Faculty of Economics and Business; (Department of Finance); Zagreb
• Defense date and country: 2021-09-24, Croatia
• Scientific / art field, discipline and subdiscipline: SOCIAL SCIENCES; Economics; Finance

Abstract

Međusobna isprepletenost i povezanost jedinica lokalne samouprave i trgovačkih društava u njihovom vlasništvu ponajviše se očituje kroz postupak zaduživanja te njihovo financijsko poslovanje. Pritisnute regulatornim restrikcijama i proračunskim ograničenjima lokalne samouprave ista zaobilaze zaduživanjem posredstvom svojih trgovačkih društava. Takvo postupanje i prekivanje stvarnih obveza (dugovanja) lokalnih samouprava te njihovih društva iskrivljuju stvarnu sliku zaduženosti lokalnog sektora. Veliki dug lokalnih samouprava u kombinaciji s nekontroliranim nagomilavanjem obveza komunalnih društava potencijalno može predstavljati ugrozu održivosti i financijske stabilnosti lokalnog sektora, ali i središnje države. Zbog toga se u javnosti ostavlja krivi utisak da je podložnost središnje države dugu jedinica lokalne samouprave minimalna, dok je ona u stvarnosti u potpunosti drukčija. Rad nastoji pokazati stvarno stanje obveza i duga lokalnih jedinica i njihovih trgovačkih društava u Hrvatskoj.

Abstract (english)

The mutual intertwining and connection of local self-government units and companies in their ownership is mostly manifested through the process of borrowing and their financial operations. Pressed by regulatory restrictions and budgetary constraints, local governments bypass them by borrowing through their companies. Such actions and interruption of real obligations (debts) of local self-governments and their companies distort the real picture of indebtedness of the local sector. The large debt of local governments combined with the uncontrolled accumulation of liabilities of utility companies can potentially pose a threat to the sustainability and financial stability of the local sector, but also the central government. Therefore, the public is left with the wrong impression that the central government's long-term subordination of local self-government units is minimal, while in reality it is completely different. The paper seeks to show the real state of liabilities and debt of local units and their companies in Croatia.

• Keywords: zaduženost; jedinice lokalne samouprave; dug; komunalna poduzeća; lokalne obveznice
• Keywords (english): indebtedness; local self-government units; debt; utility companies; local bonds
• Language: croatian
• URN:NBN: urn:nbn:hr:148:189667
• Study programme: Title: Business Economics; Study programme type: university; Study level: integrated undergraduate and 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: 2021-09-27 12:49:46