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Risk Measurement Using The ? (Beta) Coefficient For Financial Investment Companies

Author

Listed:
  • Dorel Berceanu

    (University of Craiova Faculty of Economics and Business Administration)

  • Nicolae Sichigea

    (University of Craiova Faculty of Economics and Business Administration)

  • Daniel Militaru

Abstract

This article addresses, in the current context, a very topical issue, namely that of the risk estimation by using the ß coefficient at financial investment companies (FICs). Thus, of the 82 companies listed on the first three categories of the Bucharest Stock Exchange and the international securities section, the FICs are found in the structure of portfolios held by many investors. Therefore, we considered interesting to calculate the ß coefficient for the five FICs, using historical data for the past four years to measure risk using the „volatility” of these securities in relation to the market. We consider the results obtained to be a useful tool for current and future capital market investors when „establishing” portfolios, according to the profile of each of them, reminding them at the same time that „the past is no guarantee of future”.

Suggested Citation

  • Dorel Berceanu & Nicolae Sichigea & Daniel Militaru, 2014. "Risk Measurement Using The ? (Beta) Coefficient For Financial Investment Companies," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 1(42), pages 279-288.
    • Handle: RePEc:aio:aucsse:v:1:y:2014:i:42:p:279-288
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    More about this item

    Keywords

    share; portfolio; risk; volatility; investment;
    All these keywords.

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates

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