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EQUITY INVESTMENT STRATEGIES: THE CASE OF CROATIA

Tajana Barbić
Iva Čondić -Jurkić

Fulltext: english, pdf (299 KB) pages 63-77 downloads: 1.144* cite
APA 6th Edition
Barbić, T. & Čondić -Jurkić, I. (2010). EQUITY INVESTMENT STRATEGIES: THE CASE OF CROATIA. Economic research - Ekonomska istraživanja, 23 (4), 63-77. Retrieved from https://hrcak.srce.hr/63242
MLA 8th Edition
Barbić, Tajana and Iva Čondić -Jurkić. "EQUITY INVESTMENT STRATEGIES: THE CASE OF CROATIA." Economic research - Ekonomska istraživanja, vol. 23, no. 4, 2010, pp. 63-77. https://hrcak.srce.hr/63242. Accessed 23 Sep. 2021.
Chicago 17th Edition
Barbić, Tajana and Iva Čondić -Jurkić. "EQUITY INVESTMENT STRATEGIES: THE CASE OF CROATIA." Economic research - Ekonomska istraživanja 23, no. 4 (2010): 63-77. https://hrcak.srce.hr/63242
Harvard
Barbić, T., and Čondić -Jurkić, I. (2010). 'EQUITY INVESTMENT STRATEGIES: THE CASE OF CROATIA', Economic research - Ekonomska istraživanja, 23(4), pp. 63-77. Available at: https://hrcak.srce.hr/63242 (Accessed 23 September 2021)
Vancouver
Barbić T, Čondić -Jurkić I. EQUITY INVESTMENT STRATEGIES: THE CASE OF CROATIA. Economic research - Ekonomska istraživanja [Internet]. 2010 [cited 2021 September 23];23(4):63-77. Available from: https://hrcak.srce.hr/63242
IEEE
T. Barbić and I. Čondić -Jurkić, "EQUITY INVESTMENT STRATEGIES: THE CASE OF CROATIA", Economic research - Ekonomska istraživanja, vol.23, no. 4, pp. 63-77, 2010. [Online]. Available: https://hrcak.srce.hr/63242. [Accessed: 23 September 2021]

Abstracts
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.

Keywords
investment approach; market efficiency; equity investment funds; cointegration

Hrčak ID: 63242

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

[croatian]

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