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 manufacturingindustry and the determinants of additional investment in long-lasting assets of companies in themanufacturing enterprises in Slovenia and Croatia. These are neighbouring countries with a commonhistorical heritage and comparable economic development. A comparative analysis of the basiccharacteristics and movement indices of the relevant variables revealed that Slovenia’s manufacturingindustry is more developed than Croatia’s and has a different structure in which the metalworkingindustry predominates. In Croatia, on the other hand, no industry dominates within the sector, withfood and metal processing industries being the most represented. To examine the determinants ofadditional investment at the company level, a panel analysis was applied to a refined sample of allmanufacturing companies in Slovenia and Croatia for the last five-year period, forming two modelswith several sub models. The working hypothesis based on previous research was confirmed - that thebasic determinants of additional investment in long-lasting assets of companies in the manufacturingindustry 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 dueto the prevailing results of previous research are explained, as well as the observed differences inthe values of the parameters for Slovenia and Croatia. The contribution of the research results liesin a better understanding of the impact of relevant determinants on additional investments as aprerequisite for the survival and development of the company.
This paper addresses the basic characteristics of the manufacturing sector in Croatia and the determinants of investment in durable fixed assets as a prerequisite for its survival and development. ...The manufacturing industry is an important segment of the national economy, as its characteristics have the potential to achieve a significant share of GDP, exports and employment. The development over the last five years, using Croatia as an example, shows that despite certain fluctuations, the number of companies and employment in the manufacturing industry remain constant, as do the level of fixed assets and equity sources of financing. Since continuous investment in long-lasting tangibles, fixed assets is a prerequisite for the survival and competitiveness of manufacturing firms, this paper examines the determinants of such investment. The aim was also to compare the results of the econometric analysis conducted on a sample of Croatian companies over a period of five years with the expectations arising from previous research. Thus, the expected positive impact of firm size, asset efficiency, exports and the value of capital on additional investment in fixed assets was confirmed. On the other hand, the expected positive impact of current liquidity and performance indicators, as well as the expected negative impact of debt on additional investment in fixed assets, were not confirmed. It can be assumed that under the conditions of high indebtedness of Croatian companies and financing of additional investments through debt, which increases the cost of financing, there will be a negative impact on performance indicators and current liquidity. This is especially true if the additional investments do not yield the expected benefits. Thus, the return variables of debt, performance indicators and current liquidity have a sign opposite to expectations.
Programsko razdoblje 2014.-2020. omogućilo je provedbu velikog broja infrastrukturnih projekata korisnika iz javnog sektora iz EU fondova. Kvalitetnim planiranjem javnog sektora sukladno financijskim ...mogućnostima i realnim potrebama financiranje infrastrukturnih projekata iz EU fondova ima značajne prednosti u odnosu na utvrđene nedostatke. Na tragu prijedloga i preporuka koji su dani ovim radom Provedbena tijela u sustavu upravljanja EU fondovima u RH moraju uzeti obzir nedostatke u upravljanju EU fondovima u tekućem programskom razdoblju i uvesti poboljšanja u sljedećem programskom razdoblju s ciljem dodatnog smanjenja administrativnog opterećenja korisnika bespovratnih sredstava i povećanja iskoristivosti bespovratnih sredstava. U okviru rada izrađena je kratka analiza dodijeljenih bespovratnih sredstava za infrastrukturne projekte javnog sektora na području Republike Hrvatske putem Operativnog programa Konkurentnost i kohezija i Programa ruralnog razvoja RH od 2014. do 2019. godine. Najviše bespovratnih sredstava dodijeljeno je u području zaštite okoliša i održivosti resursa, prometa i mobilnosti, poslovne konkurentnosti i ruralnog razvoja. Istarska županija je na visokom mjestu po vrijednosti odobrenih bespovratnih sredstava za projekte javnog sektora.
