Particularități ale aplicării teoriei moderne a portofoliului in cazul acțiunilor listate la Bursa de Valori București
Particularities of applying Modern Portfolio Theory on the Romanian capital market
Iulian Panait () and
MPRA Paper from University Library of Munich, Germany
This paper studies the particularities of portfolio selection on the Romanian stock market using the risk-return maximization criteria introduced by Harry Markowitz (1952). We used daily prices for the 36 most liquid companies traded on Bucharest Stock Exchange during January 2010 – March 2012 and we emphasized the shape and the characteristics of the sets of possible combinations of N out of the total 36 selected assets.
Keywords: stock returns; portfolio; emerging stock markets; expected return; variance (search for similar items in EconPapers)
JEL-codes: G11 G15 G32 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:44248
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