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Scientific paper - Preliminary note / Short communication
The application of the CAPM model on selected shares on the Croatian capital market
Ekonomski vjesnik : Review of Contemporary Entrepreneurship, Business, and Economic Issues, XXVII (2014), 2; 297-311. urn:nbn:hr:145:455799
Odobašić, Sandra; Tolušić, Marija; Tolušić, Zrinka

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Odobašić, S., Tolušić, M. & Tolušić, Z. (2014). The application of the CAPM model on selected shares on the Croatian capital market. Ekonomski vjesnik : Review of Contemporary Entrepreneurship, Business, and Economic Issues, XXVII. (2), 297-311. Retrieved from https://urn.nsk.hr/urn:nbn:hr:145:455799

Odobašić, Sandra, et al. "The application of the CAPM model on selected shares on the Croatian capital market." Ekonomski vjesnik : Review of Contemporary Entrepreneurship, Business, and Economic Issues, vol. XXVII, no. 2, 2014, pp. 297-311. https://urn.nsk.hr/urn:nbn:hr:145:455799

Odobašić, Sandra, Marija Tolušić and Zrinka Tolušić. "The application of the CAPM model on selected shares on the Croatian capital market." Ekonomski vjesnik : Review of Contemporary Entrepreneurship, Business, and Economic Issues XXVII, no. 2 (2014): 297-311. https://urn.nsk.hr/urn:nbn:hr:145:455799

Odobašić, S., Tolušić, M. and Tolušić, Z. (2014) 'The application of the CAPM model on selected shares on the Croatian capital market', Ekonomski vjesnik : Review of Contemporary Entrepreneurship, Business, and Economic Issues, XXVII(2), pp. 297-311. Available at: https://urn.nsk.hr/urn:nbn:hr:145:455799 (Accessed 22 December 2024)

Odobašić S, Tolušić M, Tolušić Z. The application of the CAPM model on selected shares on the Croatian capital market. Ekonomski vjesnik : Review of Contemporary Entrepreneurship, Business, and Economic Issues [Internet]. 2014 December 24 [cited 2024 December 22];XXVII(2):297-311. Available at: https://urn.nsk.hr/urn:nbn:hr:145:455799

S. Odobašić, M. Tolušić and Z. Tolušić, "The application of the CAPM model on selected shares on the Croatian capital market", Ekonomski vjesnik : Review of Contemporary Entrepreneurship, Business, and Economic Issues, vol. XXVII, no. 2, pp. 297-311, December 2014. [Online]. Available at: https://urn.nsk.hr/urn:nbn:hr:145:455799. [Accessed: 22 December 2024]

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Metadata
Title (english)The application of the CAPM model on selected shares on the Croatian capital market
AuthorSandra Odobašić
AuthorMarija Tolušić
AuthorZrinka Tolušić
Author's institutionJosip Juraj Strossmayer University of Osijek
Departement of Culturology
Scientific / art field,
discipline and subdiscipline		SOCIAL SCIENCES
Economics
Abstract (english)
The Capital Asset Pricing Model is a model that describes the relationship between risk, expected return and valuation of securities. The theoretical and practical value of this model has proved unquestionable, but under ideal circumstances. The theory has been utilized by numerous researchers and it confirms the linear relationship between risk and return under the CAPM (Capital Asset Pricing Model) model showing that greater exposure to risk provides higher returns. However, empirical research showed there were numerous factors that CAPM model did not take into account since it is based on assumptions which exist in reality, but are invisible. Therefore, it is very interesting to study the application of the CAPM model on selected shares on the Croatian capital market and analyze the possibilities of its application in discovering the misvalued shares. Share price changes on the Croatian capital market suggest there are some unknown factors that also influence share valuation. There is no doubt that the fundamental analysis of shares is not sufficient for evaluating the real share value in light of various invisible elements and all available information available which affect their value as well.
Keywords (english)
Languageenglish
Publication typeScientific paper - Preliminary note / Short communication
Publication statusPublished
Peer reviewPeer review - international
Publication versionPublished version
Journal titleEkonomski vjesnik : Review of Contemporary Entrepreneurship, Business, and Economic Issues
Numberingvol. XXVII, no. 2, pp. 297-311
p-ISSN0353-359X
e-ISSN1847-2206
URN:NBNurn:nbn:hr:145:455799
Publication2014-12-24
Document URLhttp://hrcak.srce.hr/132838
Type of resourceText
Access conditionsOpen access
Terms of useLicence Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0) icon
Created on2017-03-08 08:46:30