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Economic research - Ekonomska istraživanja, Vol. 23 No. 4, 2010.

Prethodno priopćenje

EQUITY INVESTMENT STRATEGIES: THE CASE OF CROATIA

Tajana Barbić
Iva Čondić -Jurkić

Puni tekst: engleski, pdf (299 KB) str. 63-77 preuzimanja: 1.133* citiraj
APA 6th Edition
Barbić, T. i Čondić -Jurkić, I. (2010). EQUITY INVESTMENT STRATEGIES: THE CASE OF CROATIA. Economic research - Ekonomska istraživanja, 23 (4), 63-77. Preuzeto s https://hrcak.srce.hr/63242
MLA 8th Edition
Barbić, Tajana i Iva Čondić -Jurkić. "EQUITY INVESTMENT STRATEGIES: THE CASE OF CROATIA." Economic research - Ekonomska istraživanja, vol. 23, br. 4, 2010, str. 63-77. https://hrcak.srce.hr/63242. Citirano 04.08.2021.
Chicago 17th Edition
Barbić, Tajana i Iva Čondić -Jurkić. "EQUITY INVESTMENT STRATEGIES: THE CASE OF CROATIA." Economic research - Ekonomska istraživanja 23, br. 4 (2010): 63-77. https://hrcak.srce.hr/63242
Harvard
Barbić, T., i Čondić -Jurkić, I. (2010). 'EQUITY INVESTMENT STRATEGIES: THE CASE OF CROATIA', Economic research - Ekonomska istraživanja, 23(4), str. 63-77. Preuzeto s: https://hrcak.srce.hr/63242 (Datum pristupa: 04.08.2021.)
Vancouver
Barbić T, Čondić -Jurkić I. EQUITY INVESTMENT STRATEGIES: THE CASE OF CROATIA. Economic research - Ekonomska istraživanja [Internet]. 2010 [pristupljeno 04.08.2021.];23(4):63-77. Dostupno na: https://hrcak.srce.hr/63242
IEEE
T. Barbić i I. Čondić -Jurkić, "EQUITY INVESTMENT STRATEGIES: THE CASE OF CROATIA", Economic research - Ekonomska istraživanja, vol.23, br. 4, str. 63-77, 2010. [Online]. Dostupno na: https://hrcak.srce.hr/63242. [Citirano: 04.08.2021.]

Sažetak
This paper aims to analyze an investment strategy employed by particular equity investment fund in Croatia, i.e. to detect the fraction of passive funds which claim to be active. In order to test for bilateral long-run co-movements between fifteen selected mutual funds and CROBEX in time period from their start to the end of 2009, we use bivariate Johansen cointegration procedure. Results reveal that most of the Croatian equity funds share long run comovements with benchmark equity market index, representing the "closet indexers". Obtained results are to some extent unexpected given spotted inefficiencies on Croatian equity market that should have been exploited by active stock pickers.

Ključne riječi
investment approach; market efficiency; equity investment funds; cointegration

Hrčak ID: 63242

URI
https://hrcak.srce.hr/63242

[hrvatski]

Posjeta: 2.303 *