Naslov
The interdependence between market share price and EPS of closed-ended investment funds in Croatia

Autori
Perčević, Hrvoje ; Hladika, Mirjana ; Mićin, Marina

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

Izvornik
Zbornik radova 5. Međunarodnog znanstvenog simpozija "Gospodarstvo Istočne Hrvatske - vizija i razvoj" / Mašek Tonković, A. - Osijek : Ekonomski fakultet Sveučilišta Josipa Jurja Strossmayera u Osijeku, 2016, 1069-1077

Skup
5. Međunarodni znanstveni simpozij "Gospodarstvo Istočne Hrvatske - vizija i razvoj"

Mjesto i datum
Osijek, Hrvatska, 02.06.2016. - 04.06.2016

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
market share price ; earnings per share (EPS) ; International Accounting Standard 33 ; closed-ended investment funds ; Croatia

Sažetak
Closed-ended investment funds are important institutional investors in the developed capital markets, while their significance is smaller in the transition countries where trade in the capital markets is not that intense. At the moment, in Croatia there are three closed- ended investment funds on the Zagreb Stock Exchange. For them, in the period of 5 years (from the period 2010-2014) is observed a correlation between the two variables: earnings per share and the market share price. The assumption is that the market share price is positively correlated with the business results achieved by the company, because generally movement of the market share price is accompanied by the profitability of the company. That is because the investors while making investment decision about buying shares are observing the business results of a company as well as potential earnings per share (EPS). Therefore, there is the assumption that there is a positive correlation between earnings per share, which is one of the indicators of investment companies based on the business performance of the company and the market share price. Earnings per share is one of the most important indicators for the investors on the capital market, whose methodology for calculating is regulated according to International Accounting Standard 33 Earnings per share. The aim is to prove evidence that there is a positive correlation between earnings per share and the market share price for each of the three closed-ended investment funds in the period observed. In order to achieve the aim of the paper, secondary data obtained from the Zagreb Stock Exchange d.d. were used. Those data were analysed using descriptive and inferential statistics methods. Results of the research conducted showed that there is a positive correlation between earnings per share and the market share price in closed-ended investment funds in the period of 2010-2014 in Croatia.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA