20.500.12556/DKUM-98480 Vpliv spremenljive obrestne mere na poslovno uspešnost lizing družb The variable interest rates impact on the leasing companies business performance Diplomsko delo obravnava vpliv spremenljive obrestne mere EURIBOR na poslovno uspešnost lizing družb v Sloveniji. Namen raziskave je bil ugotoviti, kako spremembe referenčne obrestne mere vplivajo na ključne kazalnike uspešnosti lizing družb, pri čemer smo se osredotočili na čisti dobiček, obrestne prihodke, obrestne odhodke, neto obrestno maržo in donosnost sredstev. V teoretičnem delu smo predstavili značilnosti finančnega in operativnega lizinga, razložili razliko med fiksno in spremenljivo obrestno mero ter analizirali gibanje mesečne, trimesečne in šestmesečne referenčne obrestne mere EURIBOR v obdobju med letoma 2018 in 2025. V empiričnem delu smo izvedli primerjalno analizo poslovanja treh največjih lizing družb v Sloveniji, in sicer SKB Leasing d.o.o., Summit Leasing Slovenija d.o.o. in Porsche Leasing SLO d.o.o., za obdobje 2021–2023, ter dodatno pripravili analizo občutljivosti na podlagi simuliranih podjetij. Rezultati raziskave so pokazali, da rast EURIBOR praviloma povečuje stroške financiranja in znižuje neto obrestno maržo ter donosnost sredstev, vendar vpliv ni enak pri vseh družbah. Ugotovili smo, da je poslovna uspešnost močno odvisna tudi od strukture financiranja in stopnje obrestne usklajenosti med sredstvi in obveznostmi. Raziskava prispeva k boljšemu razumevanju obrestnega tveganja v dejavnosti lizinga in poudarja pomen aktivnega upravljanja obrestne izpostavljenosti. This thesis examines the impact of the variable EURIBOR interest rate on the business performance of leasing companies in Slovenia. Its main objective is to assess how changes in the reference interest rate influence the key performance indicators of leasing companies, particularly net profit, interest income, interest expenses, net interest margin, and return on assets. The theoretical section discusses the main features of financial and operating leasing, clarifies the difference between fixed and variable interest rates, and analyses the development of the one-month, three-month, and six-month EURIBOR reference rates between 2018 and 2025. The empirical section provides a comparative analysis of the three largest leasing companies operating in Slovenia—SKB Leasing d.o.o., Summit Leasing Slovenija d.o.o., and Porsche Leasing SLO d.o.o.—covering the period from 2021 to 2023, and is further supported by a sensitivity analysis based on simulated companies. The results indicate that rising EURIBOR generally increases funding costs and reduces net interest margins and returns on assets, although the effect is not uniform across all companies. The research further demonstrates that business performance is strongly influenced by the financing structure and by the degree of interest rate matching between assets and liabilities. Overall, the thesis contributes to a deeper understanding of interest rate risk in the leasing industry and underlines the importance of actively managing interest rate exposure. Lizing obrestna mera EURIBOR obrestni prihodki poslovna uspešnost Leasing interest rate EURIBOR interest income business performance true true false N. Berčnik] Slovenski jezik Angleški jezik Diplomsko delo/naloga 2026-06-16 10:17:21 2026-08-25 10:49:44 2026-08-26 03:09:51 0000-00-00 00:00:00 2026 0 Maribor 0 0000-00-00 NiDoloceno NiDoloceno NiDoloceno 0000-00-00 0000-00-00 0000-00-00 336.781 288768003 VS_Bercnik_Nik_2026.pdf VS_Bercnik_Nik_2026.pdf 1 73E90B15F3A9C0124F669DC184536378 c730dc76610a10c688a984bcbae9a1a72edc29067da77362f9df278301cc9b9f 8daf25a7-783d-11f1-900e-00155d580e34 https://dk.um.si/Dokument.php?lang=slv&id=207897 Ekonomsko-poslovna fakulteta 0 0 0