20.500.12556/DKUM-85471 Agencijski problem na primeru izbranega gradbenega podjetja Agency problem using the example of a selected construction company V diplomskem projektu smo se posvetlili agencijski teoriji firme, zlasti agencijskim odnosom, ki se vzpostavijo med principalom (lastnikom podjetja), ki delegira svoje odločitve, in agentom (managerjem podjetja), ki v njegovem imenu sprejema te odločitve. Podrobno smo raziskali agencijske stroške in predstavili njihov izvor ter možnosti za njihovo znižanje. Posebno pozornost smo namenili agencijskemu problemu, ki smo ga razložili in analizirali, da bi razumeli vzroke zanj. Poglobili smo se tudi v naravo odnosov med lastniki in upniki. Vključili smo tudi tematiko managerskega odkupa podjetja, tako od znotraj kot tudi od zunaj, ter podali analizo tega procesa. V okviru diplomskega projekta smo prav tako obravnavali konkreten primer podjetja, ki se je soočilo z agencijskim problemom, ki je nastal predvsem zaradi ločitve lastništva in upravljanja. Podrobno smo raziskali, kako so se podjetje, lastniki, delničarji, upniki, banke, zaposleni ter gospodarstvo spopadli s posledicami tega problema, pa tudi z ukrepi in s sankcijami, ki so bili uvedeni za odgovorne osebe. Poleg tega smo se osredotočili na različne načine, s katerimi se lahko v podjetju zagotovi, da bodo upravljalci podjetja delovali v skladu z interesi lastnikov. Naša analiza je vključevala predpostavke, ki temeljijo predvsem na uvedbi sistema nagrajevanja in sankcioniranja, ki bi lahko učinkovito preprečevali pojav konflikta interesov med lastniki in managerji ter med lastniki in upniki, kar bi zmanjšalo tveganje za nastanek agencijskega problema v podjetju. Naša ugotovitev je, da ima ta sistem neposreden vpliv na zmanjšanje agencijskih stroškov, ki so posledica agencijskega problema. In our graduation project we focused on agency theory of the firm and agency relations and their characteristics, which are simply put, relations between two persons, i. e. between the principal (the owner of the firm) who delegates his decisions and the agent (the manager of the firm) who takes them on his behalf. We explain how agency costs are incurred and how to reduce them. We also focused on the agency problem and explained why it occurs in the first place. We have clarified and explained the relationships between owners and managers, or principal and agent, and between owners and creditors. The thesis also explains the managerial buyout of a company from the inside and the outside, and provided an analysis of this process. We have also looked at the case of a company with an agency problem, mainly due to the split of ownership and management. We have investigated how they have coped with the problems they have encountered, the consequences for the company, its owners, shareholders, creditors, banks and, ultimately, for employees and the economy, and the sanctions for those responsible. We also focus on and describe the different ways to make a company manager work in the best interests of its owners. The assumptions include, in particular, a system of rewards and sanctions that could help or be usefully implemented in the operation of the company to prevent conflicts of interest between owners and managers, owners and creditors and the emergence of an agency problem in the company. We have also found that the reward or sanction system has a direct impact on the reduction of agency costs resulting from the agency problem. Agencijska teorija firme agencijski odnosi agencijski stroški agencijski problem lastniki managerji principal agent upniki managerski odkup podjetja Agency theory of the firm agency relations agency costs agency problem owners managers principal agent creditors management buyout true true false L. Marftinčič Slovenski jezik Angleški jezik Delo diplomskega projekta/projektno delo 2023-08-30 15:27:48 2023-11-10 13:28:03 2023-11-11 03:12:49 0000-00-00 00:00:00 2023 0 Maribor 0 0000-00-00 NiDoloceno NiDoloceno NiDoloceno 0000-00-00 0000-00-00 0000-00-00 005.5 171712515 UN_Martincic_Lea_2023.pdf UN_Martincic_Lea_2023.pdf 1 A9D5C9102B211061B1567F9D997FEE99 5769dcffb43b3c38ae6e732659463756f0f63ffe952a70cde2298002e231c788 6228c342-57bd-11ee-aee3-00155d000105 https://dk.um.si/Dokument.php?lang=slv&id=172652 Ekonomsko-poslovna fakulteta 0 0 0