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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,...
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This paper investigates the influence of institutional quality on crypto adoption in the country with regard to the level of financial literacy of country's population. The results show that in countries with lower financial literacy, institutions have a greater influence on cryptocurrency...
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