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The application of the CAPM model on selected shares on the Croatian capital market

Sandra Odobašić ; Odo Vicus d.o.o., Bregana, Croatia
Marija Tolušić ; Josip Juraj Strossmayer University of Osijek, Department of Culturology, Osijek, Croatia
Zrinka Tolušić

Puni tekst: engleski, pdf (327 KB) str. 297-311 preuzimanja: 840* citiraj
APA 6th Edition
Odobašić, S., Tolušić, M. i Tolušić, Z. (2014). The application of the CAPM model on selected shares on the Croatian capital market. Ekonomski vjesnik, XXVII (2), 297-311. Preuzeto s https://hrcak.srce.hr/132838
MLA 8th Edition
Odobašić, Sandra, et al. "The application of the CAPM model on selected shares on the Croatian capital market." Ekonomski vjesnik, vol. XXVII, br. 2, 2014, str. 297-311. https://hrcak.srce.hr/132838. Citirano 05.07.2020.
Chicago 17th Edition
Odobašić, Sandra, Marija Tolušić i Zrinka Tolušić. "The application of the CAPM model on selected shares on the Croatian capital market." Ekonomski vjesnik XXVII, br. 2 (2014): 297-311. https://hrcak.srce.hr/132838
Harvard
Odobašić, S., Tolušić, M., i Tolušić, Z. (2014). 'The application of the CAPM model on selected shares on the Croatian capital market', Ekonomski vjesnik, XXVII(2), str. 297-311. Preuzeto s: https://hrcak.srce.hr/132838 (Datum pristupa: 05.07.2020.)
Vancouver
Odobašić S, Tolušić M, Tolušić Z. The application of the CAPM model on selected shares on the Croatian capital market. Ekonomski vjesnik [Internet]. 2014 [pristupljeno 05.07.2020.];XXVII(2):297-311. Dostupno na: https://hrcak.srce.hr/132838
IEEE
S. Odobašić, M. Tolušić i Z. Tolušić, "The application of the CAPM model on selected shares on the Croatian capital market", Ekonomski vjesnik, vol.XXVII, br. 2, str. 297-311, 2014. [Online]. Dostupno na: https://hrcak.srce.hr/132838. [Citirano: 05.07.2020.]

Sažetak
The Capital Asset Pricing Model is a model that describes the relationship between risk, expected return
and valuation of securities. The theoretical and practical value of this model has proved unquestionable,
but under ideal circumstances. The theory has been utilized by numerous researchers and it confirms the
linear relationship between risk and return under the CAPM (Capital Asset Pricing Model) model showing
that greater exposure to risk provides higher returns. However, empirical research showed there were
numerous factors that CAPM model did not take into account since it is based on assumptions which exist
in reality, but are invisible.
Therefore, it is very interesting to study the application of the CAPM model on selected shares on the Croatian
capital market and analyze the possibilities of its application in discovering the misvalued shares. Share
price changes on the Croatian capital market suggest there are some unknown factors that also influence
share valuation. There is no doubt that the fundamental analysis of shares is not sufficient for evaluating
the real share value in light of various invisible elements and all available information available which affect
their value as well.

Ključne riječi
CAPM Model; share; return; risk; beta index

Hrčak ID: 132838

URI
https://hrcak.srce.hr/132838

Posjeta: 1.033 *