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master's thesis
Primjena Markowitzevog modela na odabranim regionalnim tržištima kapitala
2020. urn:nbn:hr:192:651211
Matika, Mihael
University of Rijeka
Faculty of Economics and Business

Cite this document

Matika, M. (2020). Primjena Markowitzevog modela na odabranim regionalnim tržištima kapitala (Master's thesis). Rijeka: University of Rijeka, Faculty of Economics and Business. Retrieved from https://urn.nsk.hr/urn:nbn:hr:192:651211

Matika, Mihael. "Primjena Markowitzevog modela na odabranim regionalnim tržištima kapitala." Master's thesis, University of Rijeka, Faculty of Economics and Business, 2020. https://urn.nsk.hr/urn:nbn:hr:192:651211

Matika, Mihael. "Primjena Markowitzevog modela na odabranim regionalnim tržištima kapitala." Master's thesis, University of Rijeka, Faculty of Economics and Business, 2020. https://urn.nsk.hr/urn:nbn:hr:192:651211

Matika, M. (2020). 'Primjena Markowitzevog modela na odabranim regionalnim tržištima kapitala', Master's thesis, University of Rijeka, Faculty of Economics and Business, accessed 30 September 2024, https://urn.nsk.hr/urn:nbn:hr:192:651211

Matika M. Primjena Markowitzevog modela na odabranim regionalnim tržištima kapitala [Master's thesis]. Rijeka: University of Rijeka, Faculty of Economics and Business; 2020 [cited 2024 September 30] Available at: https://urn.nsk.hr/urn:nbn:hr:192:651211

M. Matika, "Primjena Markowitzevog modela na odabranim regionalnim tržištima kapitala", Master's thesis, University of Rijeka, Faculty of Economics and Business, Rijeka, 2020. Available at: https://urn.nsk.hr/urn:nbn:hr:192:651211

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Metadata
TitlePrimjena Markowitzevog modela na odabranim regionalnim tržištima kapitala
Title (english)Application of the Markowitz model to selected regional capital markets
AuthorMihael Matika
MentorBojana Olgić Draženović (mentor)
Committee memberBojana Olgić Draženović (predsjednik povjerenstva)
Committee memberVesna Buterin (član povjerenstva)
Committee memberStella Suljić Nikolaj (član povjerenstva)
GranterUniversity of Rijeka
Faculty of Economics and Business
Rijeka
Defense date and country2020-09-15, Croatia
Scientific / art field,
discipline and subdiscipline		SOCIAL SCIENCES
Economics
Abstract
Uspješno upravljanje financijskim instrumentima u smislu što većeg prinosa i svođenja prihvatljivog rizika na što niže razine ključna je problematika u odlučivanju svakog investitora. Harry Markowitz je iznošenjem moderne teorije portfelja kvantificirao rizik te omogućio kreiranje optimalnog portfelja. Prilikom kreiranja portfelja nužno je diversificirati ulaganja po djelatnostima i teritorijalno kako bi se rizik sveo na što nižu razinu. Slijedom navedenog rad se temelji na usporedbi optimalnih portfelja temeljenih na burzovnim indeksima triju različitih tržišta kapitala i jednog kombiniranog portfelja sastavljenog od najuspješnijih sastavnica pojedinih burzovnih indeksa. Burzovni indeksi korišteni pri kreiranju optimalnih portfelja su CROBEX kao službeni indeks Zagrebačke burze, SBITOP kao službeni indeks Ljubljanske burze i BUX kao službeni indeks Budimpeštanske burze. Temeljni cilj ovog rada je svođenje rizika na što niže razine diversifikacijom portfelja i dostizanje maksimalnog mogućeg prinosa promjenom udjela vrijednosnica u portfelju. Slijedom navedenom optimiziranje portfelja bitna je stavka u odlučivanju svakog investitora koji pokušava postići maksimalni mogući prinos uz istodobno prihvaćanje najnižeg mogućeg rizika.
Abstract (english)
Successful management of financial instruments in terms of maximizing returns and reducing acceptable risk to the lowest possible levels is a key issue in the decision-making of every investor. By presenting modern portfolio theory, Harry Markowitz quantified risk and enabled the creation of an optimal portfolio. When creating a portfolio, it is necessary to diversify investments across asset classes and territorially in order to reduce the risk to the lowest possible level. Consequently, the paper is based on a comparison of optimal portfolios based on stock exchange indices of three different capital markets and one combined portfolio composed of the most successful components of individual stock exchange indices. The stock exchange indices used in creating optimal portfolios are CROBEX as the official index of the Zagreb Stock Exchange, SBITOP as the official index of the Ljubljana Stock Exchange and BUX as the official index of the Budapest Stock Exchange. The basic goal of this paper is to reduce the risk to the lowest possible level by diversifying the portfolio and achieving the maximum possible return by changing the share of securities in the portfolio. Consequently, portfolio optimization is an important item in the decision-making of any investor who tries to achieve the maximum possible return while accepting the lowest possible risk.
Keywords
Keywords (english)
Languagecroatian
URN:NBNurn:nbn:hr:192:651211
Study programmeTitle: Business Economics; specializations in: Finance and Banking, Entrepreneurship, Management, Finance and Accounting, Marketing, International Business, IT Business, International Business IT Business
Course: Finance and Banking
Study programme type: university
Study level: graduate
Academic / professional title: magistar/magistra ekonomije (magistar/magistra ekonomije)
Type of resourceText
File originBorn digital
Access conditionsAccess restricted to students and staff of home institution
Terms of useLicence In copyright icon
Created on2020-11-09 18:02:54