Utjecaj vlasničke koncentracije na korporativno upravljanje u hrvatskom bankarskom sektoru

master's thesis

• Title (english): Impact of ownership concentration on corporate governance in the Croatian banking sector
• Author: Iva Drnjević
• Mentor: Domagoj Hruška (mentor)
• Committee member: Darko Tipurić (predsjednik povjerenstva)
• Committee member: Lana Cindrić (član povjerenstva)
• Granter: University of Zagreb; Faculty of Economics and Business; Zagreb
• Defense date and country: 2022-09-26, Croatia
• Scientific / art field, discipline and subdiscipline: SOCIAL SCIENCES; Economics

Abstract

Tema ovog rada utjecaj je vlasničke koncentracije na korporativno upravljanje u hrvatskom bankarskom sektoru, kao jednog od temeljnih internih mehanizama korporativnog upravljanja. Osnovni cilj rada je utvrditi kako funkcionira sustav korporativnog upravljanja u bankama u Republici Hrvatskoj s obzirom na vlasničku strukturu. Analizom vlasničke strukture pojedinih banaka, utvrdit će se razina koncentracije vlasništva na razini sektora s obzirom na udjel u vlasništvu najvećih dioničara. Za empirijski dio istraživanja koristi se populacija banaka koje su poslovale u Hrvatskoj na kraju 2021. godine, ukupno 20 banaka. Za provedbu istraživanja promatrane su pozicije vlasničke strukture na datum 31. prosinca 2021. godine, prema podacima objavljenima u godišnjim izvješćima banaka za 2021. godinu. Za potvrdu hipoteza korištena je deskriptivna metoda. Ukupni uzorak banaka prikazan je i analiziran prema razini koncentracije vlasništva s obzirom na udio u vlasništvu najvećeg dioničara u populaciji, te s obzirom na aritmetičku sredinu i medijan tri najveća dioničara na razini bankarskog sektora. Provedeno istraživanje potvrđuje kako je kontrola nad hrvatskim bankama u rukama malog broja velikih vlasnika, odnosno da hrvatski bankarski sektor odlikuje visoka razina koncentracije vlasništva.

Abstract (english)

The subject of this thesis is the impact of ownership concentration on corporate governance in the Croatian banking sector, as one of the fundamental internal mechanisms of corporate governance. The main goal of the thesis is to determine how the corporate governance system in Croatian banks functions with regard to the ownership structure. The level of ownership concentration at the sector level based on share in ownership of the largest shareholders is determined by analyzing the ownership structure of each bank. The empirical research is conducted on population of banks operating in Croatia at the end of 2021, a total of 20 banks. The research was performed by reviewing ownership structure as at 31 December 2021, published in annual reports of the banks for the year 2021. Descriptive method was used to confirm the hypotheses. The total sample of banks is presented and analyzed according to the level of ownership concentration, based on the share owned by the largest shareholder in the population, and based on the arithmetic mean and median of the three largest shareholders at the banking sector level. The conducted research confirmed that control over Croatian banks is in the hands of a small number of large owners, i.e., that the Croatian banking sector is characterized by a high level of ownership concentration.

• Keywords: vlasnička koncentracija; korporativno upravljanje; hrvatski bankarski sektor
• Keywords (english): ownership concentration; corporate governance; Croatian banking sector
• Language: croatian
• URN:NBN: urn:nbn:hr:148:029468
• 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: 2022-10-11 18:19:48