Naslov
Analysis of investment approaches on Croatian equity market

Autori
Barbić, Tajana ; Čondić-Jurkić, Iva

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

Izvornik
Economic Development Perspectives of SEE Region in Global Recession Context / Trivun, V., Djonlagić, Dž., Mehić, E - Sarajevo : Ekonomski fakultet Univerziteta u Sarajevu, 2010, 1-17

ISBN
978-9958-25-046-0

Skup
ICES 2010

Mjesto i datum
Sarajevo, Bosna i Hercegovina, 14.10.2010. - 15.10.2010

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
investment approach; weak form efficiency; mutual funds; investment strategy; cointegration

Sažetak
This paper seeks to recognize different investment approaches employed by the investors on Croatian equity market and to asses their successfulness. In order to analyze successfulness of individual investor empirically, inefficiencies on Croatian equity market until October, 2007 were explored. Empirical analysis of institutional investors employs the Johansen cointegration procedure for period until October, 2007. Results of empirical study showed that four out of ten observed mutual funds replicated index developments. While results make it hard to determine the best investment approach in period prior to financial crisis, analysis showed that investors that had put their money in purely active managed funds were least affected by financial crisis.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA