20.500.12556/DKUM-57619 FINANCIRANJE Z OBVEZNOSTMI DO DOBAVITELJEV KOT POLITIKA OBRATNEGA KAPITALA NA TRGU SLOVENIJE IN VELIKE BRITANIJE Supplier financing as working capital politics in Slovenia and United Kingdom S terminom financiranje z obveznostmi do dobaviteljev je obravnavana v magistrskem delu dinamika takšnega financiranja v Sloveniji in Veliki Britaniji v obdobju pred in med finančno krizo. Kadarkoli se plačilo ne opravi sočasno z dobavo blaga oz. opravljeno storitvijo dobavitelja, ta dobavitelj zagotavlja kupcu po definiciji posojilo. Takšen vir financiranja pomeni za podjetje cenejši in hitreje dostopen vir sredstev kot kakršnikoli drug zunanji vir financiranja. Namen magistrskega dela je bil potrditi ali zavrniti dve hipotezi. Kot prvo, da podjetja v času finančne krize hkrati podaljšujejo odlog plačila dobaviteljem in dajejo daljši odlog plačila svojim kupcem. Ter kot drugo, da podjetja, ki delujejo v panogah, ki so bolj podvržena finančni krizi, povečajo financiranje z obveznostmi do dobaviteljev bolj kot tista, ki delujejo v panogah, ki niso. Testiranje je bilo v obeh gospodarstvih opravljeno za panoge finančnega sektorja, gostinstva, kmetijstva, proizvodnje, trgovine in gradbeništva. Pri testiranju prve hipoteze smo agregatne računovodske izkaze posameznih panog v Sloveniji in Veliki Britaniji analizirali z metodo indeksov s stalno osnovo, verižnih indeksov, stopnjami rasti in statističnih koeficientov. Za vse panoge v Sloveniji smo prvo hipotezo dokazano zavrgli, kar pomeni, da podjetja v teh panogah niso hkrati podaljševala in dajala daljšega odloga plačila kupcem in dobaviteljev. Za panoge v Veliki Britaniji smo hipotezo ena zavrgli samo za panogi kmetijstva in finančnega sektorja, za vse preostale panoge pa smo dokazano hipotezo ena potrdili. Pri testiranju druge hipoteze smo dovzetnost posamezne panoge določili na osnovi kriterija upada števila zaposlenih in stopnje realne rasti posamezne panoge. Na osnovi izračuna vezanih in kvantilnih rangov smo določili mesto posamezne panoge glede na vzorec. Panoge, ki so se nahajale v zgornji polovici testiranega vzorca smo upoštevali kot bolj dovzetne. Pri testiranju druge hipoteze smo na ravni obeh gospodarstev, torej Slovenije in Velike Britanije uspeli potrditi drugo hipotezo. Kar pomeni, da so podjetja, ki delujejo v panogah, ki so bolj podvržene gospodarski krizi na območju Slovenije in Velike Britanije, povečale financiranje z obveznostmi do dobaviteljev. In this thesis the term financing with obligations to suppliers is discussed as dynamics of such financing in Slovenia and in the United Kingdom in the period before and during the financial crisis. Whenever the payment is not made concurrently with the supply of goods or services performed, the supplier by definition provides a loan to the buyer. This source of financing is cheaper for the company in provides accessibility of assets quicker than any other kind of external source of financing. The purpose of the master thesis was to confirm or reject two hypotheses. The first hypotheses was that companies during the financial crisis extend the deferral of payments and at the same time give longer delay payments to its customers. The second hypotheses was that the companies operating in sectors which are more prone to financial crisis, increase financing with obligations to suppliers more than those companies who operate in sectors that are not. Testing was made in both economies for the sectors of financial and insurance, agriculture, manufacturing, construction, Wholesale, accommodation and food service activities. Testing the first hypothesis, aggregate accounts of each tested sector in Slovenia and United Kingdom was analyzed by indices with fixed base, chain indexes, growth rates and statistical coefficients. For all sectors in Slovenia the first hypothesis was rejected, which means that the companies in these sectors didn’t at the same time lengthen the deferral of payments and gave longer delay payments to its customers. For the sectors in United Kingdom, the first hypothesis was rejected only in the sectors of agriculture and financial and insurance. For all other tested sector, the first hypothesis was confirmed. Testing the second hypothesis, the subjection to the financial crisis for each sector was analyzed based of the employment percentage drop in each sector and each sector growth rates. Based on the calculations of average in quartile ranks, the individual place in the sample for each sector was determined. Sector, positioned in upper half were considered as more subjected to financial crisis. Testing the second hypothesis on the level of both countries, we managed to confirm the hypothesis in Slovenia in United Kingdom, meaning that the companies, operating in sectors which are more subjected to financial crisis, increase financing with suppliers more than those sector who are subjected less. podjetje financiranje viri financiranja poslovne finance finančna sredstva dobavitelji obveznosti stroški business finance funding sources business finance funding suppliers liabilities expenses true true false [M. Kotnik] Slovenski jezik Angleški jezik Magistrsko delo 2016-03-02 19:57:15 2016-05-27 08:52:55 2022-06-14 03:06:50 2021-05-16 03:24:45 2016 0 Velenje 0 0000-00-00 NiDoloceno NiDoloceno NiDoloceno 0000-00-00 0000-00-00 0000-00-00 658.14/.17 12291100 URN:SI:UM:DK:VNBGNVRD MAG_Kotnik_Matic_2016.pdf MAG_Kotnik_Matic_2016.pdf 1 16A0F586B72AD1D4951B9F58A0180B3C 84d461cfaf897a781564a267666e8a46894ca02fee70bce1bd2a4006e288c75f f19942dd-7c0b-11eb-bb7a-00155d0001ca https://dk.um.si/Dokument.php?lang=slv&id=86802 Ekonomsko-poslovna fakulteta 0 0 0