Izvorni znanstveni članak
https://doi.org/10.1080/1331677X.2016.1168042
Effects of risk aversion on securities portfolio performance in underdeveloped capital markets: the case of the capital market of Bosnia and Herzegovina
Sejfudin Zahirović
Jasmina Okičić
orcid.org/0000-0002-3440-413X
Sažetak
The main goal of this article is to examine risk aversion impact on
securities portfolio performance in underdeveloped capital markets.
For the purpose of this research, portfolio performance was taken
as a dependent variable, whereas investors’ attitude towards risk
was considered as an independent variable. The analysis results
have revealed that, ceteris paribus, an increase in risk aversion leads
to a decrease in expected return and the creation of more superior
securities portfolio. The article is expected to produce useful pieces
of information which might be helpful for investors in the process of
creating their portfolios in underdeveloped capital markets.
Ključne riječi
Securities portfolio; investor’s attitude towards risk; underdeveloped capital market
Hrčak ID:
171728
URI
Datum izdavanja:
22.12.2016.
Posjeta: 1.534 *