Croatian Abstract: Cilj rada je provođenje empirijskog testiranja teorije hijerarhijske financijskih izbora (pecking order theory) na hrvatskom tržištu kapitala. Istraživanje je obuhvatilo 17 nefinancijskih društava uvrštenih na Zagrebačkoj burzi za razdoblje od 2008. - 2016. godine,...

The paper was originally written in Danish as part of a planned book which found no publisher. Readers of the present abstract who cannot read Danish may find some quotations given in English in the Danish text, so it may be useful to give references to page numbers in that text in the present...