INFLUENCE OF REGIME SWITCHING TO RISK IN PORT-MODERN PORTFOLIO MANAGEMENT

Cristina Geambaşu, Liviu Geambaşu and Iulia Jianu
Additional contact information
Cristina Geambaşu: Bucharest University of Economic Studies
Liviu Geambaşu: Bucharest University of Economic Studies

Theoretical and Applied Economics, 2013, vol. XX, issue Special I, 392-399

Abstract: The present financial crises determines an increase in analysing the application of regime switching over portfolio investments. We applied the switching regimes to measurement of risk as presented in post-modern portfolio management theory. Post-modern portfolio theory include investor’s tendency to measure risk as the chance to obtain from the investment performed a return lower than the minimum expected by him. The investor, as presented by behavioural finance, is more concerned about his emotional satisfaction as result of the investment process than to obtain an optimal mathematical return.

Keywords: post-modern portfolio theory; switching regimes; risk measure; minimum expected return. (search for similar items in EconPapers)
Date: 2013
References: Add references at CitEc
Citations:

Downloads: (external link)
http://store.ectap.ro/suplimente/International_Fin ... _BA_2013_XIth_Ed.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:agr:journl:v:xx:y:2013:i:special-i:p:392-399

Access Statistics for this article

Theoretical and Applied Economics is currently edited by Mircea Dinu

More articles in Theoretical and Applied Economics from Asociatia Generala a Economistilor din Romania / Editura Economica Contact information at EDIRC.
Bibliographic data for series maintained by Mircea Dinu ().