master's thesis
FINANCING BY ISSUING SECURITIES IN THE REPUBLIC OF CROATIA

Kristina Pisačić (2016)
Sveučilište Josipa Jurja Strossmayera u Osijeku
Ekonomski fakultet u Osijeku
Katedra za financije i računovodstvo
Metadata
TitleFinanciranje izdavanjem vrijednosnih papira u Republici Hrvatskoj
AuthorKristina Pisačić
Mentor(s)Dubravka Pekanov Starčević (thesis advisor)
Abstract
Tema ovog rada je financiranje poduzeća putem emisije vrijednosnih papira. Obzirom na to da je u radu naglasak na financiranje dioničkih društava, detaljnije će se analizirati vrijednosni papiri koje emitiraju upravo dionička društva i to kroz teorijski dio te na primjeru dva dionička društva. Financiranje jest proces kojim se osiguravaju sredstva potrebna gospodarskom subjektu za njegov opstanak. U središtu je financiranja uvijek novac koji se po potrebi pretvara u druge oblike imovine. Za gospodarski subjekt, jedan je od zanimljivih oblika prikupljanja sredstava emisija vrijednosnih papira zbog mogućnosti kreiranja vlastitih uvjeta. Ovisno o željenim karakteristikama, sredstva se mogu prikupiti putem dionica, obveznica ili pak kombinacije tih vrijednosnih papira. Vrijednosni papiri za gospodarski subjekt u pravilu nose i obvezu isplate prinosa, kao nagradu investitorima za preuzeti rizik. Upravo je to bitna stavka na koju gospodarski subjekt treba obratiti pažnju jer o odnosu prinosa i rizika ovisi cijeli proces prikupljanja sredstava. Kroz primjere financiranja emisijom dionica te emisijom obveznica, bit će prikazani razlozi koji su doveli do odluke da se emitiraju upravo ti vrijednosni papiri kao i karakteristike vrijednosnih papira koje su društva izabrala. Obzirom na činjenicu da se nakon primarne emisije vrijednosnicama i dalje trguje, ali na sekundarnom tržištu, analizirat će se i učinci koje investitori ostvaruju daljnjim trgovanjem.
Keywordsfinancing securities share bond market
Parallel title (English)FINANCING BY ISSUING SECURITIES IN THE REPUBLIC OF CROATIA
Committee MembersDubravka Pekanov Starčević (committee chairperson)
Josipa Mijoč (committee member)
Domagoj Sajter (committee member)
GranterSveučilište Josipa Jurja Strossmayera u Osijeku
Ekonomski fakultet u Osijeku
Lower level organizational unitsKatedra za financije i računovodstvo
PlaceOsijek
StateCroatia
Scientific field, discipline, subdisciplineSOCIAL SCIENCES
Economics
Finance
Study programme typeuniversity
Study levelgraduate
Study programmeFinancial Management
Academic title abbreviationmag.oec.
Genremaster's thesis
Language Croatian
Defense date2016-09-16
Parallel abstract (English)
The subject of this paper deals with financing of companies through the issuance of securities. Given that the emphasis of this paper is on financing of incorporated companies, the securities issued by those companies are going to be analysed in more detail, i.e. through the theoretical part and based on two incorporated companies that will serve as an example. Financing is a process in which means needed by a company for its survival are being insured. The focal point of financing is money which, according to need, turns into other forms of assets. One of the most convenient ways of fund-raising for a company is the issuance of securities because it enables creating one’s own terms. Depending on the desired characteristics, the funds can be collected through shares, bonds or a combination of these securities. Securities designed for companies usually oblige that company to pay off yield, as a reward for the investors and the risk that they took. That is exactly the main issue the company should pay attention to because the whole process of fund-raising depends on the ratio of return and risk. Through examples of financing by issuing shares and issuing bonds, the reasons that led to the decision to broadcast one of these securities will be presented as well as the characteristics of the securities that the company has chosen. Given the fact that after the primary issue of securities, investors still trade with those securities but in the secondary market, the effects that investors achieve through further trade will be analyzed.
Parallel keywords (Croatian)financiranje vrijednosni papir dionica obveznica tržište
Resource typetext
Access conditionAccess restricted to students and staff of home institution
Terms of usehttp://rightsstatements.org/vocab/InC/1.0/
URN:NBNhttps://urn.nsk.hr/urn:nbn:hr:145:346445
CommitterGordana Kradijan