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master's thesis
ANALIZA PRINOSA I RIZIKA NA HRVATSKOM I NJEMAČKOM TRŽIŠTU KAPITALA PRIMJENOM MARKOWITZEVA MODELA
Diplomski rad
Split: University of Split, Faculty of economics Split, 2018. urn:nbn:hr:124:647969
Torbarina, Lucija
University of Split
Faculty of economics Split

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Torbarina, L. (2018). ANALIZA PRINOSA I RIZIKA NA HRVATSKOM I NJEMAČKOM TRŽIŠTU KAPITALA PRIMJENOM MARKOWITZEVA MODELA : Diplomski rad (Master's thesis). Split: University of Split, Faculty of economics Split. Retrieved from https://urn.nsk.hr/urn:nbn:hr:124:647969

Torbarina, Lucija. "ANALIZA PRINOSA I RIZIKA NA HRVATSKOM I NJEMAČKOM TRŽIŠTU KAPITALA PRIMJENOM MARKOWITZEVA MODELA : Diplomski rad." Master's thesis, University of Split, Faculty of economics Split, 2018. https://urn.nsk.hr/urn:nbn:hr:124:647969

Torbarina, Lucija. "ANALIZA PRINOSA I RIZIKA NA HRVATSKOM I NJEMAČKOM TRŽIŠTU KAPITALA PRIMJENOM MARKOWITZEVA MODELA : Diplomski rad." Master's thesis, University of Split, Faculty of economics Split, 2018. https://urn.nsk.hr/urn:nbn:hr:124:647969

Torbarina, L. (2018). 'ANALIZA PRINOSA I RIZIKA NA HRVATSKOM I NJEMAČKOM TRŽIŠTU KAPITALA PRIMJENOM MARKOWITZEVA MODELA : Diplomski rad', Master's thesis, University of Split, Faculty of economics Split, accessed 19 April 2024, https://urn.nsk.hr/urn:nbn:hr:124:647969

Torbarina L. ANALIZA PRINOSA I RIZIKA NA HRVATSKOM I NJEMAČKOM TRŽIŠTU KAPITALA PRIMJENOM MARKOWITZEVA MODELA : Diplomski rad [Master's thesis]. Split: University of Split, Faculty of economics Split; 2018 [cited 2024 April 19] Available at: https://urn.nsk.hr/urn:nbn:hr:124:647969

L. Torbarina, "ANALIZA PRINOSA I RIZIKA NA HRVATSKOM I NJEMAČKOM TRŽIŠTU KAPITALA PRIMJENOM MARKOWITZEVA MODELA : Diplomski rad", Master's thesis, University of Split, Faculty of economics Split, Split, 2018. Available at: https://urn.nsk.hr/urn:nbn:hr:124:647969

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TitleANALIZA PRINOSA I RIZIKA NA HRVATSKOM I NJEMAČKOM TRŽIŠTU KAPITALA PRIMJENOM MARKOWITZEVA MODELA : Diplomski rad
AuthorLucija Torbarina
MentorZdravka Aljinović (mentor)
MBZ: 202153
GranterUniversity of Split
Faculty of economics Split
Split
Defense date and country2018-08, Croatia
Scientific / art field,
discipline and subdiscipline		SOCIAL SCIENCES
Economics
Quantitative Economics
Abstract
Cilj rada bio je usporedba odnosa prinosa i rizika dva tržišta kapitala primjenom Markowitzeva modela. U analizi su bile korištene dvije zemlje, Hrvatska s tržištem kapitala u nastajanju, te Njemačka s razvijenim tržištem kapitala. Radom se zapravo nastojalo utvrditi da li u Hrvatskoj investitori mogu ostvariti veće prinose uz veću razinu rizika u odnosu na njemačko tržište kapitala. Nakon teorijskog dijela u kojem je objašnjen Markowitzev model, prezentirana su oba tržišta kapitala pojedinačno, s njihovim glavnim burzama vrijednosnih papira. U praktičnom dijelu, izvršena je analiza dionica prema spomenutom modelu, kako bi se donio zaključak o prihvaćanju ili odbacivanju postavljenih hipoteza. Nakon analize za svako tržište kapitala pojedinačno, donosi se zaključak kako se na hrvatskom tržištu kapitala mogu ostvariti veći prinosi ali uz veći rizik, u odnosu na njemačko tržište kapitala, gdje investitori ostvaruju manje prinose ali uz manju razinu rizika. Također, uz glavnu hipotezu postavljena je i dodatna hipoteza, koja navodi da su prinosi oba tržišta kapitala normalno distribuirani. Navedena hipoteza se djelomično prihvaća jer prinosi dionica na hrvatskom tržištu kapitala nemaju u potpunosti normalan oblik distribucije.
Abstract (english)
The aim of the paper was to compare the yield and risk ratio of the two capital markets using the Markowitz model. In the analyzes were used two countries, Croatia with emerging capital market, and Germany with developed capital market. The paper was actually attempting to determine whether Croatian investors could achieve higher returns with a higher level of risk than the German capital market. After the theoretical part explaining Markowitz's model, both capital markets were presented individually, with their major stock exchanges. In the practical part, a stock analysis was performed according to the mentioned model in order to conclude on the acceptance or rejection of the set hypothesis. After analyzing each capital market individually, it is concluded that on the Croatian capital market can be achieved higher yields, but with a higher risk, compared to the German capital market, where investors yield lower returns but with a lower level of risk. Also, along with the main hypothesis, there is an additional hypothesis that the yields of both capital markets are normally distributed. This hypothesis is partially accepted because yields of shares of the Croatian capital market don't have a completely normal distribution form.
Keywords
Keywords (english)
Languagecroatian
URN:NBNurn:nbn:hr:124:647969
Study programmeTitle: Business Studies
Study programme type: university
Study level: graduate
Academic / professional title: magistar/magistra ekonomije (magistar/magistra ekonomije)
Type of resourceText
File originBorn digital
Access conditionsOpen access
Terms of useLicence In copyright icon
RepositoryREFST
Created on2018-12-20 11:31:18