{"id":"https://openalex.org/W205453579","doi":null,"title":"PORTFOLIO OPTIMIZATION ON CROATIAN CAPITAL MARKET","display_name":"PORTFOLIO OPTIMIZATION ON CROATIAN CAPITAL MARKET","publication_year":2013,"publication_date":"2013-12-01","ids":{"openalex":"https://openalex.org/W205453579","mag":"205453579"},"language":"en","primary_location":{"id":"pmh:oai:RePEc:ris:utmsje:0085","doi":null,"is_oa":false,"landing_page_url":"http://utmsjoe.mk/files/Vol.%204%20No.%203/1-3B-Ivanovic_-_Baresa_-_Bogdan_-_Croatia.pdf","pdf_url":"http://utmsjoe.mk/files/Vol.%204%20No.%203/1-3B-Ivanovic_-_Baresa_-_Bogdan_-_Croatia.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":[],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"http://hdl.handle.net/10419/105320","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":null,"display_name":"Zoran Ivanovi\u0107","orcid":"https://orcid.org/0000-0001-6158-0270","observed_orcids":["https://orcid.org/0000-0001-6158-0270"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Zoran Ivanovi\u0107","raw_affiliation_strings":[],"raw_orcid":"https://orcid.org/0000-0001-6158-0270","affiliations":[]},{"author_position":"middle","author":{"id":"https://openalex.org/A5079823673","display_name":"Suzana Bare\u0161a","orcid":"https://orcid.org/0000-0002-7910-1060","observed_orcids":["https://orcid.org/0000-0002-7910-1060"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Suzana Bare\u0161a","raw_affiliation_strings":[],"raw_orcid":"https://orcid.org/0000-0002-7910-1060","affiliations":[]},{"author_position":"last","author":{"id":"https://openalex.org/A5020848461","display_name":"Sini\u0161a Bogdan","orcid":"https://orcid.org/0000-0001-6649-5980","observed_orcids":["https://orcid.org/0000-0001-6649-5980"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Sini\u0161a Bogdan","raw_affiliation_strings":[],"raw_orcid":"https://orcid.org/0000-0001-6649-5980","affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":0.7987,"has_fulltext":true,"cited_by_count":4,"citation_normalized_percentile":{"value":0.7433846,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":87,"max":93},"biblio":{"volume":"4","issue":"3","first_page":"269","last_page":"282"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11413","display_name":"Risk and Portfolio Optimization","score":0.9580000042915344,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11413","display_name":"Risk and Portfolio Optimization","score":0.9580000042915344,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12123","display_name":"Financial Analysis and Corporate Governance","score":0.023900000378489494,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.010300000198185444,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/portfolio-optimization","display_name":"portfolio optimization","score":1.0},{"id":"https://openalex.org/keywords/markowitz-mean-variance-model","display_name":"Markowitz mean-variance model","score":0.9279999732971191},{"id":"https://openalex.org/keywords/croatian-capital-market","display_name":"Croatian capital market","score":0.9829999804496765},{"id":"https://openalex.org/keywords/fundamental-analysis","display_name":"fundamental analysis","score":0.8309999704360962},{"id":"https://openalex.org/keywords/diversification","display_name":"diversification","score":0.6700000166893005},{"id":"https://openalex.org/keywords/correlation-coefficient","display_name":"correlation coefficient","score":0.9539999961853027},{"id":"https://openalex.org/keywords/stock-selection","display_name":"stock selection","score":0.7229999899864197},{"id":"https://openalex.org/keywords/cash-funds","display_name":"cash funds","score":0.8420000076293945},{"id":"https://openalex.org/keywords/risk-free-investment","display_name":"risk-free investment","score":0.7649999856948853},{"id":"https://openalex.org/keywords/expected-returns","display_name":"expected returns","score":0.4359999895095825}],"concepts":[{"id":"https://openalex.org/C202655437","wikidata":"https://www.wikidata.org/wiki/Q7231728","display_name":"Portfolio optimization","level":3,"score":0.6514778733253479},{"id":"https://openalex.org/C180916674","wikidata":"https://www.wikidata.org/wiki/Q3711935","display_name":"Diversification (marketing strategy)","level":2,"score":0.6479731202125549},{"id":"https://openalex.org/C2780821815","wikidata":"https://www.wikidata.org/wiki/Q5340806","display_name":"Portfolio","level":2,"score":0.5871080756187439},{"id":"https://openalex.org/C154611145","wikidata":"https://www.wikidata.org/wiki/Q4331879","display_name":"Expected return","level":3,"score":0.523149847984314},{"id":"https://openalex.org/C9725762","wikidata":"https://www.wikidata.org/wiki/Q1072885","display_name":"Modern portfolio theory","level":3,"score":0.4845115542411804},{"id":"https://openalex.org/C104946779","wikidata":"https://www.wikidata.org/wiki/Q7295542","display_name":"Rate of return on a portfolio","level":4,"score":0.4810071885585785},{"id":"https://openalex.org/C162775986","wikidata":"https://www.wikidata.org/wiki/Q1728579","display_name":"Capital market line","level":5,"score":0.4655504822731018},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.42894247174263},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.4071303606033325},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.3900982141494751},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.33936798572540283},{"id":"https://openalex.org/C2780299701","wikidata":"https://www.wikidata.org/wiki/Q475000","display_name":"Stock market","level":3,"score":0.33924615383148193},{"id":"https://openalex.org/C33400823","wikidata":"https://www.wikidata.org/wiki/Q1419119","display_name":"Market depth","level":4,"score":0.07050654292106628},{"id":"https://openalex.org/C151730666","wikidata":"https://www.wikidata.org/wiki/Q7205","display_name":"Paleontology","level":1,"score":0.0},{"id":"https://openalex.org/C2780762169","wikidata":"https://www.wikidata.org/wiki/Q5905368","display_name":"Horse","level":2,"score":0.0},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0},{"id":"https://openalex.org/C162853370","wikidata":"https://www.wikidata.org/wiki/Q39809","display_name":"Marketing","level":1,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"pmh:oai:RePEc:ris:utmsje:0085","doi":null,"is_oa":false,"landing_page_url":"http://utmsjoe.mk/files/Vol.%204%20No.%203/1-3B-Ivanovic_-_Baresa_-_Bogdan_-_Croatia.pdf","pdf_url":"http://utmsjoe.mk/files/Vol.%204%20No.%203/1-3B-Ivanovic_-_Baresa_-_Bogdan_-_Croatia.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},{"id":"pmh:oai:econstor.eu:10419/105320","doi":null,"is_oa":true,"landing_page_url":"http://hdl.handle.net/10419/105320","pdf_url":"http://hdl.handle.net/10419/105320","source":{"id":"https://openalex.org/S4306401696","display_name":"Econstor (Econstor)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"doc-type:article"},{"id":"mag:205453579","doi":null,"is_oa":false,"landing_page_url":"https://www.econstor.eu/bitstream/10419/105320/1/775071064.pdf","pdf_url":null,"source":{"id":"https://openalex.org/S2737137408","display_name":"UTMS Journal of Economics","issn_l":"1857-6974","issn":["1857-6974","1857-6982"],"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/P4310321700","host_organization_name":"University of Tourism and Management","host_organization_lineage":["https://openalex.org/P4310321700"],"host_organization_lineage_names":["University of Tourism and Management"],"type":"journal"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"UTMS Journal of Economics","raw_type":null}],"best_oa_location":{"id":"pmh:oai:econstor.eu:10419/105320","doi":null,"is_oa":true,"landing_page_url":"http://hdl.handle.net/10419/105320","pdf_url":"http://hdl.handle.net/10419/105320","source":{"id":"https://openalex.org/S4306401696","display_name":"Econstor (Econstor)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"doc-type:article"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":true,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W205453579.pdf","grobid_xml":"https://content.openalex.org/works/W205453579.grobid-xml"},"referenced_works_count":10,"referenced_works":["https://openalex.org/W1496861915","https://openalex.org/W1639760477","https://openalex.org/W1963774539","https://openalex.org/W1998577673","https://openalex.org/W2138577296","https://openalex.org/W2153580489","https://openalex.org/W2334796381","https://openalex.org/W2795413297","https://openalex.org/W3124478777","https://openalex.org/W3124916467"],"related_works":["https://openalex.org/W3112886580","https://openalex.org/W3183473522","https://openalex.org/W2737423216","https://openalex.org/W2997769802","https://openalex.org/W3009563880","https://openalex.org/W2736314616","https://openalex.org/W3108094726","https://openalex.org/W2769815534","https://openalex.org/W7128346462","https://openalex.org/W3106538179"],"abstract_inverted_index":{"Purpose":[0],"of":[1,22,28,37,46,71,80,103,111,115,123,133,137,149,175],"this":[2,48],"paper":[3,49,65],"was":[4,127],"to":[5,89,145],"research":[6],"portfolio":[7,126,155],"optimization":[8],"problem":[9],"on":[10,61,75,139],"Croatian":[11],"capital":[12],"market":[13],"using":[14,29],"Markowitz":[15],"theory.":[16],"Research":[17],"systematically":[18],"investigated":[19],"the":[20,26,34,62,72,91,112,121,146,150,168,172],"selection":[21],"securities,":[23],"and":[24,57,69,83,135],"defined":[25],"importance":[27],"fundamental":[30,40],"analysis":[31,41],"when":[32],"selecting":[33],"best":[35],"combination":[36],"securities.":[38],"Since":[39],"involves":[42],"a":[43,55,101,140],"large":[44],"number":[45],"indicators,":[47],"selected":[50,97,151],"key":[51],"indicators":[52],"that":[53],"enable":[54],"complete":[56],"quick":[58],"securities":[59],"review":[60],"market.":[63],"This":[64],"clarifies":[66],"diversification":[67],"effect":[68],"influence":[70],"correlation":[73],"coefficient":[74],"diversification.":[76],"Two":[77],"basic":[78],"types":[79],"assets":[81],"(stocks":[82],"cash":[84],"funds)":[85],"have":[86],"been":[87],"chosen":[88,109],"build":[90],"optimal":[92,125,154],"portfolio.":[93],"Cash":[94],"funds":[95],"were":[96,108],"because":[98,110],"they":[99,118],"represent":[100],"form":[102],"risk-free":[104],"investment,":[105],"while":[106],"stocks":[107],"high":[113],"level":[114],"return":[116],"which":[117,143,166],"achieve.":[119],"At":[120],"end":[122],"paper,":[124],"calculated":[128],"with":[129],"an":[130],"excellent":[131],"yield":[132],"1.82%":[134],"deviation":[136,148],"5.77%":[138],"monthly":[141],"basis":[142],"corresponds":[144],"minimum":[147],"stocks.":[152],"Calculated":[153],"achieves":[156,171],"better":[157],"expected":[158,173],"value":[159],"than":[160],"investing":[161],"in":[162],"stock":[163],"index":[164],"CROBEX,":[165],"for":[167],"same":[169],"period":[170],"result":[174],"-0.02%.":[176]},"counts_by_year":[{"year":2021,"cited_by_count":1},{"year":2018,"cited_by_count":1},{"year":2016,"cited_by_count":1},{"year":2015,"cited_by_count":1}],"updated_date":"2026-09-29T14:09:16.559479","created_date":"2016-06-24T00:00:00"}