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undergraduate thesis
Primjena SML modela na hrvatskom tržištu kapitala
2017. urn:nbn:hr:137:055935
Jusić, Sanel
University of Pula
Faculty of economics and tourism "Dr. Mijo Mirković"

Cite this document

Jusić, S. (2017). Primjena SML modela na hrvatskom tržištu kapitala (Undergraduate thesis). Pula: University of Pula. Retrieved from https://urn.nsk.hr/urn:nbn:hr:137:055935

Jusić, Sanel. "Primjena SML modela na hrvatskom tržištu kapitala." Undergraduate thesis, University of Pula, 2017. https://urn.nsk.hr/urn:nbn:hr:137:055935

Jusić, Sanel. "Primjena SML modela na hrvatskom tržištu kapitala." Undergraduate thesis, University of Pula, 2017. https://urn.nsk.hr/urn:nbn:hr:137:055935

Jusić, S. (2017). 'Primjena SML modela na hrvatskom tržištu kapitala', Undergraduate thesis, University of Pula, accessed 26 April 2024, https://urn.nsk.hr/urn:nbn:hr:137:055935

Jusić S. Primjena SML modela na hrvatskom tržištu kapitala [Undergraduate thesis]. Pula: University of Pula; 2017 [cited 2024 April 26] Available at: https://urn.nsk.hr/urn:nbn:hr:137:055935

S. Jusić, "Primjena SML modela na hrvatskom tržištu kapitala", Undergraduate thesis, University of Pula, Pula, 2017. Available at: https://urn.nsk.hr/urn:nbn:hr:137:055935

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Metadata
TitlePrimjena SML modela na hrvatskom tržištu kapitala
Title (english)SML model usability on Croatian capital market
AuthorSanel Jusić
MentorDean Učkar (mentor)
Committee memberManuel Benazić (predsjednik povjerenstva)
Committee memberDean Učkar (član povjerenstva)
Committee memberDaniel Tomić (član povjerenstva)
GranterUniversity of Pula
(Faculty of economics and tourism "Dr. Mijo Mirković")
Pula
Defense date and country2017-02-03, Croatia
Scientific / art field,
discipline and subdiscipline		SOCIAL SCIENCES
Economics
Finance
Abstract
Autor ovim istraživanjem testira SML model za vrednovanje precijenjenih i podcijenjenih dionica na hrvatskom tržištu kapitala. Prije samog istraživanja objašnjeni su važni pojmovi za razumijevanje SML modela te CAPM modela iz kojeg je SML proizašao. Objašnjene su temeljne pretpostavke modela, njegovi prednosti i nedostaci kao i sam kritički osvrt na model. Samo istraživanje se vrši na uzorku od 23 dionica Zagrebačke burze u razdoblju od 2013. godine do 2015. godine. Godišnji realni prinosi dionica iz uzorka uspoređeni su s njihovim teorijskim prinosima izvedenim SML jednadžbom. Zbog visoke razine odstupanja u prinosima te rezultatima ANOVA i F testa dolazi se do zaključka da je SML model insignifikantan alat pri vrednovanju neravnotežnih dionica na hrvatskom tržištu u zadanom razdoblju.
Abstract (english)
With this research, author tests SML model for evaluating undervalued and overvalued securities on the Croatian capital market. Before the research itself, many of the important terms, crucial for understanding SML model and CAPM model from which SML stemed, were explained. Fundamental assumptions of the CAPM model have been explained, its advantages and drawbacks have been layed out, as well as critical opinion on the model itself. The research was done upon 23 stocks derived from Zagreb stock exchange for the time period since 2013. to year 2015. Yearly average returns were compared to the expected returns for each stock, derived from the SML equation. Due to a high deviation of average returns and expected returns, and ANOVA and F test results, author deduced that the SML model is insignificant tool when evaluating over and undervalued stocks on Croatian capital market for the given time period.
Keywords
Keywords (english)
Languagecroatian
URN:NBNurn:nbn:hr:137:055935
Study programmeTitle: Business Economics; specializations in: Finance, Accounting and Auditing, Marketing Management, Management and Entrepreneurship, Tourism, Business Informatics
Course: Finance
Study programme type: university
Study level: undergraduate
Academic / professional title: sveučilišni/a prvostupnik/prvostupnica (baccalaureus/baccalaurea) ekonomije (sveučilišni/a prvostupnik/prvostupnica (baccalaureus/baccalaurea) ekonomije)
Type of resourceText
File originBorn digital
Access conditionsOpen access
Terms of useLicence In copyright icon
Created on2018-05-04 09:21:22