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master's thesis
PROCJENA VRIJEDNOSTI DIONIČKIH DRUŠTAVA
Diplomski rad
2022. urn:nbn:hr:145:327481
Majetić, Matej
Josip Juraj Strossmayer University of Osijek
Faculty of Economics and Business in Osijek
Chair of Finance and Accounting

Cite this document

Majetić, M. (2022). PROCJENA VRIJEDNOSTI DIONIČKIH DRUŠTAVA : Diplomski rad (Master's thesis). Osijek: Josip Juraj Strossmayer University of Osijek, Faculty of Economics and Business in Osijek. Retrieved from https://urn.nsk.hr/urn:nbn:hr:145:327481

Majetić, Matej. "PROCJENA VRIJEDNOSTI DIONIČKIH DRUŠTAVA : Diplomski rad." Master's thesis, Josip Juraj Strossmayer University of Osijek, Faculty of Economics and Business in Osijek, 2022. https://urn.nsk.hr/urn:nbn:hr:145:327481

Majetić, Matej. "PROCJENA VRIJEDNOSTI DIONIČKIH DRUŠTAVA : Diplomski rad." Master's thesis, Josip Juraj Strossmayer University of Osijek, Faculty of Economics and Business in Osijek, 2022. https://urn.nsk.hr/urn:nbn:hr:145:327481

Majetić, M. (2022). 'PROCJENA VRIJEDNOSTI DIONIČKIH DRUŠTAVA : Diplomski rad', Master's thesis, Josip Juraj Strossmayer University of Osijek, Faculty of Economics and Business in Osijek, accessed 01 April 2025, https://urn.nsk.hr/urn:nbn:hr:145:327481

Majetić M. PROCJENA VRIJEDNOSTI DIONIČKIH DRUŠTAVA : Diplomski rad [Master's thesis]. Osijek: Josip Juraj Strossmayer University of Osijek, Faculty of Economics and Business in Osijek; 2022 [cited 2025 April 01] Available at: https://urn.nsk.hr/urn:nbn:hr:145:327481

M. Majetić, "PROCJENA VRIJEDNOSTI DIONIČKIH DRUŠTAVA : Diplomski rad", Master's thesis, Josip Juraj Strossmayer University of Osijek, Faculty of Economics and Business in Osijek, Osijek, 2022. Available at: https://urn.nsk.hr/urn:nbn:hr:145:327481

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Metadata
TitlePROCJENA VRIJEDNOSTI DIONIČKIH DRUŠTAVA : Diplomski rad
Title (english)VALUATION OF JOINT STOCK COMPANIES : Graduate paper
AuthorMatej Majetić
MentorIvana Bestvina Bukvić (mentor)
MentorDražen Novaković (komentor)
Committee memberDubravka Pekanov (predsjednik povjerenstva)
Committee memberIvana Bestvina Bukvić (član povjerenstva)
Committee memberDomagoj Karačić (član povjerenstva)
GranterJosip Juraj Strossmayer University of Osijek
Faculty of Economics and Business in Osijek
(Chair of Finance and Accounting)
Osijek
Defense date and country2022-09-15, Croatia
Scientific / art field,
discipline and subdiscipline		SOCIAL SCIENCES
Economics
Finance
Abstract
Procjena vrijednosti odabranog društva provodi se kako bi se prikupile informacije koje su potrebne u strateškom planiranju koje provodi menadžment društva te u postupcima preuzimanja društva i postupcima spajanja i pripajanja drugim poslovnim subjektima. U praksi, mala trgovačka društva rijetko procjenjuju svoju vrijednost budući da za navedeno nemaju znanja ni kapaciteta te je stoga cilj ovog rada identificirati, po odabranim kriterijima, primjerenu metodu za procjenu vrijednosti... More dioničkih društava koja ne kotiraju na tržištu vrijednosnih papira i koja su razvrstana u kategoriju malih poduzetnika kako bi ova praksa postala sve učestalija i u ovoj skupini poduzeća, ne samo prilikom procesa prodaje, spajanja i pripajanja društava, već i za interne potrebe u procesu strateškog planiranja, te donošenja dugoročnih odluka. U okviru rada je stoga dana teorijska podloga, ali i prikaz primjene metoda procjene vrijednosti dioničkih društava i to pomoću metode diskontiranja budućeg dohotka, metode temeljene na tržištu, te metode temeljene na imovini društva. Također su prikazane prednosti i nedostaci svake od navedenih metoda. U svrhu analize primjenjivosti odabranih metoda u praksi u okviru diplomskog rada provedena je analiza poslovanja i procjena vrijednosti dioničkog društva Vodoprivreda Nova Gradiška d.d. U završnom dijelu rada dani su rezultati procjene vrijednosti dioničkog društva sve tri metode, te usporedba metoda i raspravom dobivenim rezultatima. Rezultati istraživanja ukazuju na to da se korištenjem različitih metoda rezultati procjene vrijednosti dioničkog društva razlikuju. Pristupom pomoću metode temeljene na diskontiranju budućeg dohotka vrijednost dioničkog društva Vodoprivreda Nova Gradiška d.d. iznosi 6.899.334 kune. Procjenom pomoću metode temeljene na tržištu vrijednost promatranog društva iznosi 10.278.000 kuna, dok analiza temeljena na imovini istog dioničkog društva rezultira iznosom od 6.341.000 kuna. Koju od metoda će analitičar koristiti u određenom dijelu ovisi o razlozima i ciljevima provedbe same procjene te dostupnosti relevantnih informacija. Less
Abstract (english)
Business valuation is performed to gather information necessary for strategic planning of the company's management and for merger and acquisition procedures. In practice, small trading companies rarely estimate their value because they do not have the knowledge or capacity to do so. Therefore, the objective of this thesis is to identify, on the basis of selected criteria, an appropriate method for estimating the value of unlisted joint stock companies that fall into the category... More of small companies, so that this practice becomes widespread in this group of companies, not only for sales, mergers and acquisitions of companies, but also for internal needs in the context of strategic planning and long-term decisions. Therefore, this thesis provides a theoretical basis as well as a description of the application of methods for the valuation of public companies, using the method of discounting future earnings, the method based on the market and the method based on the assets of the company. The advantages and disadvantages of each of the mentioned methods are also presented. In order to analyze the applicability of the selected methods in practice, an analysis of the business activity and an assessment of the value of the joint stock company Vodoprivreda Nova Gradiška d.d. were carried out as part of the thesis. In the last part of the thesis, the results of the evaluation of the value of the joint stock company of all three methods are given, as well as a comparison of the methods and the results obtained through discussion. The results of the research show that the results of the valuation of the value of the joint stock company differ when applying the different methods. When applying the method based on discounting future earnings, the value of the joint stock company Vodoprivreda Nova Gradiška d.d. is HRK 6,899,334. Based on the valuation using the marketbased method, the value of the observed company is HRK 10,278,000, while the analysis based on the assets of the same joint stock company results in an amount of HRK 6,341,000. Which of the methods the analyst will apply in a particular part depends on the reasons and objectives of the valuation itself and the availability of relevant information. Less
Keywords
Keywords (english)
Languagecroatian
URN:NBNurn:nbn:hr:145:327481
Study programmeTitle: Financial Management
Study programme type: university
Study level: graduate
Academic / professional title: magistar/magistra ekonomije (magistar/magistra ekonomije)
Type of resourceText
File originBorn digital
Access conditionsOpen access
Terms of useLicence In copyright icon
Created on2023-05-17 15:44:41
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