Naslov
The securities portfolio modelling for emerging markets

Autori
Hunjak, Tihomir ; Cingula, Marijan

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
Proceedings of the ISAHP 2005 / - , 2005, 1-8

Skup
ISAHP 2005

Mjesto i datum
Honolulu (HI), Sjedinjene Američke Države, 08.07.2005. - 10.07.2005

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
securities; emerging markets; portfolio building; multi-criteria decision making

Sažetak
The most significant differences at emerging markets, according to the other types of capital markets, include volatility, lack of regulation, and lack of liquidity. Thus, portfolio building is usually not result of standard techniques and procedures such as technical or fundamental analysis. Besides, the use of insider's information for trading at emerging markets is not always controlled and sanctioned as it is expected in other democratic countries, which have decades or even centuries of trading tradition. Corporate governance in transition countries formally follows the OECD Principles, but the implementation of ethical rules is still about starting point in many companies listed on local stock exchanges. International investors, who are crucial for economic development in countries with emerging markets, need more reliable environment for their decisions, so they should welcome establishing the multi-criteria model for building their portfolios.

Izvorni jezik
Engleski

Znanstvena područja
Informacijske i komunikacijske znanosti

POVEZANOST RADA