Theoretical and Applied Economics
No. 6 / 2006 (501)
Synthetic Analysis about Single-Criterion and Multi-Criterion Financial Assets Portfolio
Universitatea „Valahia” Târgoviste
Abstract. This paper as a synthetic analyzis based on the Markowitz and Sharpe models deals with the problem of portfolio trying to determine both the optimum proportion of titles and the influence of a considered macroeconomic factor over their level of efficiency and risk. The improvement of these models was made through the introduction of a new model, the APT model (Arbitrage Price Theory), as a development of the uni-factorial CAPM model, in other words, the above-mentioned model only constitutes a particular form of the APT model trying to establish a relationship between the individual efficiency of a title from the portfolio and several macroeconomic factors. Also, this model involves the identification of macroeconomic factors influencing the profitability of the titles and the determination of the influence of these factors individually, through the application of the APT model.
Contents
Synthetic Analysis about Single-Criterion and Multi-Criterion Financial Assets Portfolio
About Knowledge Society Pillars in Romania
Adjusting Shocks Management in Euro Zone. The Asymmetrical Impact of the ECB Monetary Policy
Banking Activity for Sustainable Development
Engineering and Re-engineering Model of the Proceses for Implementing Quality Management System in Small and Medium Enterprises
Economics of Corruption. The Equilibrium, Political and Social Determinations
Structural Changes of International Trade Flows under the Impact of Globalization
Controversies Regarding Goodwill Evaluation, Depreciation and Recording Policies
TRIPs Agreement, Important Multilateral WTO Treaty
Cultural Impacts in Managerial Accounting
Some Aspects Regarding Banking Risk Management
History Economic Lessons. Rising and Collapse of Nicolas Fouquet
Human Development – Qualitative Dimensions of a Globalized World
Trends in Banking System Globalization
Migration Process Evolution in Europe