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dc.contributor.advisorJakšić, Milena
dc.contributor.otherMarinković, Srđan T.
dc.creatorStojković, Dragan
dc.date.accessioned2019-12-30T11:44:27Z
dc.date.available2019-12-30T11:44:27Z
dc.date.available2020-07-03T15:03:30Z
dc.date.issued2019-09-23
dc.identifier.urihttps://nardus.mpn.gov.rs/handle/123456789/11713
dc.identifier.urihttp://eteze.kg.ac.rs/application/showtheses?thesesId=7034
dc.identifier.urihttps://fedorakg.kg.ac.rs/fedora/get/o:1173/bdef:Content/download
dc.description.abstractU savremenim uslovima poslovanja, tržište kapitala, kao integralni element finansijskog sistema, ostvaruje brojne funkcije koje podstiču razvoj finansijskog sistema i ekonomski rast. Povezujući suficitarne i deficitarne subjekte, ovaj segment finansijskog tržišta obezbeđuje da se, zahvaljujući efektima ekonomije obima, za kraće vreme i uz niže transakcione troškove dođe do alternativnih dugoročnih finansijskih izvora koji su potrebni za finansiranje rasta i razvoja ekonomije. Pored toga što tržište kapitala objektivno vrednuje ostvarene rezultate poslovanja brojnih kompanija, ono potencijalnim emitentima obezbeđuje finansijska sredstva po najpovoljnijim uslovima. S druge strane, investitori uspostavljaju brojne dužničko-poverilačke i vlasničke odnose, koji im u zavisnosti od prihvaćenog nivoa rizika donose veće ili manje prinose. Intenziviranjem procesa globalizacije došlo je do čvršćeg povezivanja nacionalnih tržišta kapitala i stvaranja globalnog tržišta koje je učesnicima u finansijskim tokovima donelo brojne prednosti, kao i slabosti. Ovaj proces je omogućio investitorima da imaju izbor između velikog broja mogućih investicionih alternativa, a privrednim subjektima da prikupljaju sredstva iz više različitih izvora. S druge strane, proces globalizacije je znatno povećao osetljivost nacionalnih tržišta kapitala na krizna dešavanja iz okruženja. Finansijski mehuri i krize nisu savremena tvorevina, ali je savremeno finansijsko tržište postalo veoma povoljan ambijent za njihov nastanak. Polazeći od različitih teorijskih modela i empirijskih rezultata, predmet istraživanja u doktorskoj disertaciji je globalna finansijska kriza nastala 2008. godine i njen uticaj na perspektivu razvoja tržišta kapitala. Imajući u vidu da su finansijske krize na savremenim finansijskim tržištima postale sve češća pojava, definisano područje istraživanja ima veliki teorijski i praktični značaj. S tim u vezi, osnovni cilj doktorske disertacije je da teorijsko-metodološki i empirijski sagleda uzroke i posledice globalne finansijske krize. U doktorskoj disertaciji se najpre razmatra koncept funkcionisanja tržišta kapitala. Predmet detaljne analize su ključne karakteristike finansijskih institucija i finansijskih instrumenata tržišta kapitala. Pored navedenog, razmatraju se osnovne karakteristike finansijskih kriza, pri čemu je poseban akcenat stavljen na komparativnu analizu globalnih finansijskih kriza nastalih 1929. i 2008. godine. Predmet dalje analize je uticaj globalne finansijske krize na finansijski i realni sektor pojedinih regiona sveta. Pri tome, cilj sprovedenog istrživanja je sagledavanje trenutnog stanja na globalnom tržištu kapitala i njegove perspektive. Posebna pažnja posvećena je analizi Beogradske berze, pri čemu je u cilju predviđanja budućih trendova sprovedeno empirijsko istraživanje.sr
dc.description.abstractWithin the contemporary business environment, capital market, as integral part of financial system, has been creating number of functions stimulating financial system development and economic growth. Connecting sufficiency and deficit subjects this financial market segment helped with the economy of scale effects enables easier, in the meaning of shorter time and lower transactional expenses, coming to alternative long-term financial sources needed for economy growth and development financing. Apart from the fact that market capital objectively values accomplished results of numerous companies’ dealings, it provides funding under favorable financing conditions to potential issuers. On the other side, investors establish a number of creditor-debtor and owner’s relations that have brought bigger or less income depending on the accepted risk level. The globalization process intensification has brought making of stronger connections between the national capital market and global market creating, resulting in numerous advantages, but, also, disadvantages for capital flows participants. This process enables investors to make a choice between a huge number of possible investment alternatives as well as it makes possible for entrepreneurial subjects to fund from various sources. On the other hand, the globalization process enormously increases national capital market sensitivity to neighbouring countries crises. Bubbles and financial market crises are not a modern invention, but the contemporary financial market has become convenient environment for their appearance. Based on various theoretical models and empirical results, this doctoral thesis research subject is the global financial crisis arose in 2008 and its impact on capital market development perspectives. Considering the fact that financial crises have been appearing on modern financial markets more often, the research defined within this thesis is of great theoretical and practical importance. So the primary objective of this doctoral dissertation is to give theoretical, methodological and empirical research of the global financial crisis causes and consequences. Firstly, the subject of research in the thesis is the concept of capital market functioning. Subjects analyzed in detail are key characteristics of capital market financial institutions and financial instruments. In addition to previously mentioned subjects of research is the analysis of financial crisis basic characteristics emphasizing the comparative analysis of global financial crises arising in 1929 and 2008. Further analysis is connected with the global financial crisis influence on financial and real sector of particular regions. It is necessary to emphasize that the aim of the overall research is to point out the current condition of the global capital market and its perspectives. The special attention has been devoted to the Belgrade Stock Exchange analysis based on the empirical research in order to fulfill the demand for prediction of future trends.en
dc.formatapplication/pdf
dc.languagesr
dc.publisherУниверзитет у Крагујевцу, Економски факултетsr
dc.rightsopenAccessen
dc.rights.urihttps://creativecommons.org/licenses/by-nc-nd/4.0/
dc.sourceУниверзитет у Крагујевцуsr
dc.subjecttržište kapitalasr
dc.subjectcapital marketen
dc.subjectfinansijske institucijesr
dc.subjectfinansijski instrumentisr
dc.subjectglobalna finansijska krizasr
dc.subjectBeogradska berzasr
dc.subjectfinancial institutionsen
dc.subjectfinancial instrumentsen
dc.subjectthe global financial crisisen
dc.subjectthe Belgrade Stock Exchangeen
dc.titleSvetska finansijska kriza i perspektiva razvoja tržišta kapitalasr
dc.typedoctoralThesisen
dc.rights.licenseBY-NC-ND
dc.identifier.fulltexthttp://nardus.mpn.gov.rs/bitstream/id/46685/Disertacija.pdf
dc.identifier.fulltexthttp://nardus.mpn.gov.rs/bitstream/id/46686/Izvestaj_Dragan_Stojkovic_Ekonomski.pdf
dc.identifier.fulltexthttps://nardus.mpn.gov.rs/bitstream/id/46685/Disertacija.pdf
dc.identifier.fulltexthttps://nardus.mpn.gov.rs/bitstream/id/46686/Izvestaj_Dragan_Stojkovic_Ekonomski.pdf
dc.identifier.rcubhttps://hdl.handle.net/21.15107/rcub_nardus_11713


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