标题：Effects of risk aversion on securities portfolio performance in underdeveloped capital markets: the case of the capital market of Bosnia and Herzegovina
出版社：Juraj Dobrila University of Pula, Department of Economics and Tourism 'Dr. Mijo Mirkovic'
摘要：The main goal of this article is to examine risk aversion impact on securities portfolio performance in underdeveloped capital markets. For the purpose of this research, portfolio performance was taken as a dependent variable, whereas investors’ attitude towards risk was considered as an independent variable. The analysis results have revealed that, ceteris paribus, an increase in risk aversion leads to a decrease in expected return and the creation of more superior securities portfolio. The article is expected to produce useful pieces of information which might be helpful for investors in the process of creating their portfolios in underdeveloped capital markets.
关键词：Securities portfolio; investor’s attitude towards risk; underdeveloped capital market
