COMPARATIVE ANALYSIS OF THE DETERMINANTS OF ADDITIONAL INVESTMENTS IN LONG-LASTING ASSETS OF COMPANIES IN THE MANUFACTURING INDUSTRY OF SLOVENIA AND CROATIA

Autor: Šetić, Emil, Dimitrić, Mira
Jazyk: chorvatština
Rok vydání: 2023
Předmět:
Zdroj: Zbornik Veleučilišta u Rijeci
Volume 11
Issue 1
ISSN: 1849-1723
1848-1299
Popis: Cilj rada je analizirati i prezentirati usporedne osobitosti prerađivačke industrije i odrednice dodatnih ulaganja u dugotrajnu imovinu poduzeća prerađivačke industrije Slovenije i Hrvatske. Riječ je o susjednim zemljama sa zajedničkim povijesnim naslijeđem i usporedivom gospodarskom razvijenošću. Usporednom analizom temeljnih osobitosti i indeksa kretanja relevantnih varijabli pokazano je da je prerađivačka industrija Slovenije razvijenija od Hrvatske, a ima i drugačiju strukturu u kojoj prevladava metaloprerađivačka industrija. S druge strane, u Hrvatskoj nije prisutan dominantan udjel niti jedne djelatnosti u okviru prerađivačke industrije, a najzastupljenije su prehrambena i metaloprerađivačka industrija. Za ispitivanje odrednica dodatnih ulaganja na razini poduzeća primijenjena je panel analiza na pročišćenom uzorku svih poduzeća prerađivačke industrije Slovenije i Hrvatske za recentno petogodišnje razdoblje, čime su formirana dva modela s više podmodela. Potvrđena je na prethodnim istraživanjima zasnovana radna hipoteza – da su temeljne odrednice dodatnih ulaganja u dugotrajnu imovinu poduzeća prerađivačke industrije Slovenije i Hrvatske: uspješnost poslovanja, kapitaliziranost, veličina poduzeća, zaduženost i efikasnost poslovanja. Objašnjene su razlike u smjeru utjecaja pojedinih odrednica u odnosu na očekivani zasnovan na prevladavajućim rezultatima prethodnih istraživanja, kao i uočene razlike u vrijednosti parametara za Sloveniju i Hrvatsku. Doprinos rezultata istraživanja je u boljem razumijevanju utjecaja relevantnih odrednica na dodatna ulaganja kao preduvjeta opstanka i razvoja poduzeća.
The aim of the paper is to analyse and present the comparative characteristics of the manufacturing industry and the determinants of additional investment in long-lasting assets of companies in the manufacturing enterprises in Slovenia and Croatia. These are neighbouring countries with a common historical heritage and comparable economic development. A comparative analysis of the basic characteristics and movement indices of the relevant variables revealed that Slovenia’s manufacturing industry is more developed than Croatia’s and has a different structure in which the metalworking industry predominates. In Croatia, on the other hand, no industry dominates within the sector, with food and metal processing industries being the most represented. To examine the determinants of additional investment at the company level, a panel analysis was applied to a refined sample of all manufacturing companies in Slovenia and Croatia for the last five-year period, forming two models with several sub models. The working hypothesis based on previous research was confirmed - that the basic determinants of additional investment in long-lasting assets of companies in the manufacturing industry of Slovenia and Croatia are: business success, capitalization, firm size, debt and firm efficiency. The differences in the direction of the influence of each determinant compared to expectations due to the prevailing results of previous research are explained, as well as the observed differences in the values of the parameters for Slovenia and Croatia. The contribution of the research results lies in a better understanding of the impact of relevant determinants on additional investments as a prerequisite for the survival and development of the company.
Databáze: OpenAIRE
Externí odkaz: