Anita Pavković

Number of Automated Teller Machines in Selected European Countries: Exploration of Trends and Development Indicators Impacts

The main aim of the paper is to discover and compare variability and trends in the number of Automated Teller Machines (ATMs) over time in the recent history in the European Union member states, as well as to enlighten the influence of selected development indicators, which could explain the change in the No. of ATMs as the dependent variable in the regression model. The main variable under study is defined as the “No. of Automated Teller Machines—ATMs per 100,000 adults” (No. of ATMs). Using the regression modelling in analysing the impact of selected development indicators on the dependent variable No. of ATMs for the 28 EU countries in 2014, two OLS estimated multiple liner regression models, each with three independent variables, were built. Firstly, the economic development level indicator “GDP per capita, given as the PPP in current international

Investment in Venture Capital Funds in the Republic of Croatia: Determinants and Challenges

”, secondly, the ICT development level indicator the “No. of Internet users per 100 people”; and, finally, selected “digital banking development indicators”, are used as the regressors. The multiple regression models are analysed, showing that most of the independent variables are positively correlated with the “No. of ATMs”, with the exception of the “No. of Internet users per 100 people”. The conducted panel analysis revealed that the impact of selected independent variables on the No. of ATMs is quite similar to the impact observed in previously developed regression models.

Bank consolidation: significance, valuation and consequences

Venture capital and private equity funds are important parts of a financial system as they secure capital to companies without funds which would enable them to form optimal financial arrangements with other financial intermediaries. This paper studies those factors influencing development and further investment into venture capital funds in the Republic of Croatia. The paper will also explain the importance of supporting investment in venture capital and the way such investments influence gross domestic product development, examine the relationship between the taxation and legal system with investment trends into venture capital funds. The results will test the hypothesis that the extent of venture capital fund investments, within an unfavorable tax-legal environment, is highly determined by the rules to which pension funds need to adhere regarding the investment of their own capital into these projects.

Global Trends in Financial Sector Supervisory Architectures

The growth of efficiency and profitability are basic goals of every bank management. The prevailed opinion is that these aims can be realised through the growth in scale and scope of their business operations. This growth can be internal – by increasing the scope and the number of own activities, or external – by taking over or acquiring business activities of other companies. The latter form of growth, consolidation or conglomeration, is becoming more and more important. The purpose of this paper is to point to the main causes, motives and characteristics of banking conglomeration, a phenomenon that has prevailed in developed financial systems and has growing importance in transition and other less-developed countries.