RISK MEASUREMENT USING THE ? (BETA) COEFFICIENT FOR FINANCIAL INVESTMENT COMPANIES

Dorel Berceanu, Nicolae Sichigea and Daniel Militaru
Additional contact information
Dorel Berceanu: University of Craiova Faculty of Economics and Business Administration
Nicolae Sichigea: University of Craiova Faculty of Economics and Business Administration

Annals of University of Craiova - Economic Sciences Series, 2014, vol. 1, issue 42, 279-288

Abstract: This article addresses, in the current context, a very topical issue, namely that of the risk estimation by using the ß coefficient at financial investment companies (FICs). Thus, of the 82 companies listed on the first three categories of the Bucharest Stock Exchange and the international securities section, the FICs are found in the structure of portfolios held by many investors. Therefore, we considered interesting to calculate the ß coefficient for the five FICs, using historical data for the past four years to measure risk using the „volatility” of these securities in relation to the market. We consider the results obtained to be a useful tool for current and future capital market investors when „establishing” portfolios, according to the profile of each of them, reminding them at the same time that „the past is no guarantee of future”.

Keywords: share; portfolio; risk; volatility; investment (search for similar items in EconPapers)
JEL-codes: G12 G32 (search for similar items in EconPapers)
Date: 2014
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
http://feaa.ucv.ro/AUCSSE/0042v1-036.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:aio:aucsse:v:1:y:2014:i:42:p:279-288

Access Statistics for this article

Annals of University of Craiova - Economic Sciences Series is currently edited by Sorinel Domnisoru

More articles in Annals of University of Craiova - Economic Sciences Series from University of Craiova, Faculty of Economics and Business Administration Contact information at EDIRC.
Bibliographic data for series maintained by Anca Bandoi ( this e-mail address is bad, please contact ).