20.500.12556/DKUM-91751 Vpliv geopolitičnih negotovosti in makroekonomskega okolja na investicijsko dejavnost slovenskih delniških družb The impact of geopolitical uncertainties and the macroeconomic environment on the investment activity of Slovenian joint-stock companies Investicije predstavljajo enega najpomembnejših dejavnikov za razvoj nacionalnega gospodarstva. So gonilo napredka in predstavljajo ključ za ohranjanje in pridobivanje konkurenčne prednosti. Za dolgoročni uspeh posameznih podjetij je v globalno konkurenčnem okolju ključna dolgoročna, stabilna in trajnostno naravnana investicijska politika. Investicijska dejavnost predstavlja izpostavljenost številnim neposrednim in posrednim dejavnikom. Na obseg in usmerjenost investicijskih vlaganj podjetja imajo vpliv številni notranji in zunanji dejavniki, kot so razpoložljivi viri financiranja, relativna cena kapitala, investicijska politika, skladna s strategijo podjetja, tržne projekcije, protekcionistični ukrepi, stabilnost davčnega in geopolitičnega okolja ter drugi. V magistrskem delu smo pripravili investicijski elaborat analize vrednotenja ekonomičnosti na primeru izbrane investicije X. Na podlagi osnovnih vhodnih podatkov in ocene stroškov kapitala ter vpliva na konsolidiran izkaz poslovnega izida in denarnih tokov smo izvedli izračun upravičenosti investicijskega projekta z uporabo statičnih in dinamičnih metod vrednotenja investicij. Na podlagi regresijskih analiz smo opazovali učinke geopolitičnih tveganj in ključnih makroekonomskih dejavnikov kot neodvisnih spremenljivk na obseg investicijske dejavnosti izbranih slovenskih delniških družb – Skupine Krka, Skupine Petrol, Skupine Luka Koper in Skupine Impol – kot odvisnih spremenljivk. Rezultate smo medsebojno primerjali glede na kapitalsko strukturo posamezne delniške družbe. Investments represent one of the most important factors in the development of a nation's economy. They are the engine of progress and the key to maintaining and gaining competitive advantage. In a globally competitive environment, a long-term, stable and sustainable investment policy is cruical for the long-term success of individual companies. Investment activity represents exposure to a number of direct and indirect factors. A plethora of internal and external elements have an impact on the scale and focus of corporate investments, such as available sources of finance, the relative cost of capital, investment policies consistent with the company strategy, market projections, protectionist measures, the stability of the fiscal and geopolitical environment, and others. In the Master's thesis, we have prepared an investment appraisal study of the economic viability analysis on the case of a selected investment X. On the basis of key input data, assessment of the cost of capital and the impact on the business financial statements data, we have calculated the viability of the investment, using static and dynamic investment appraisal methods. Based on regression analysis, we have observed the effects of geopolitical risks and macroeconomic factors - as independent variables, on the volume of investment activity of selected Slovenian joint-stock companies – Krka Group, Petrol Group, Luka Koper Group and Impol Group - as dependend variables, and compared the results inbetween according to capital structure of each joint-stock company. mednarodni kapitalski tokovi geopolitična tveganja makroekonomsko okolje investicije podjetij kapitalska struktura metode presojanja ekonomičnosti investicij regresijska analiza international capital flows geopolitical risks macroeconomic environment business investment capital structure investment valuation methods regression analysis true true false L. Kranjc Slovenski jezik Angleški jezik Magistrsko delo/naloga 2025-01-31 17:51:01 2025-04-02 11:18:52 2025-04-03 03:07:58 0000-00-00 00:00:00 2025 0 Maribor 0 0000-00-00 NiDoloceno NiDoloceno NiDoloceno 0000-00-00 0000-00-00 0000-00-00 330.322 231139587 MAG_Kranjc_Lea_2025.pdf MAG_Kranjc_Lea_2025.pdf 1 DD9200F61C551D66DDB851CA4F0EAB94 9c30c8e3d548a1d2f102a81813a4488a25450dd66b445bbf0fd053722e1312af 8c6f3f3a-04fd-11f0-a5c9-00155d000105 https://dk.um.si/Dokument.php?lang=slv&id=189492 Ekonomsko-poslovna fakulteta 0 0 0