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Theoretical Aspects Concerning the Use of the Markowitz Model in the Management of Financial Instruments Portfolios


  • Madalina - Gabriela ANGHEL

    („Artifex” University of Bucharest)


Early attempts to develop a modern model for the assessment of performance of portfolios of instruments belong to American teacher Harry Markowitz. He has abandoned the classical approach of the analysis of financial investment (based solely on technical and fundamental analysis), pointing attention to performance analysis to the overview of a portfolio of financial instruments (analysis based on the report yield/risk of components in a portfolio).

Suggested Citation

  • Madalina - Gabriela ANGHEL, 2012. "Theoretical Aspects Concerning the Use of the Markowitz Model in the Management of Financial Instruments Portfolios," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 60(4), pages 259-264, November.
  • Handle: RePEc:rsr:supplm:v:60:y:2012:i:4:p:259-264

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    References listed on IDEAS

    1. Apostolos A. Ballas & Despina Skoutela & Christos A. Tzovas, 2010. "The relevance of IFRS to an emerging market: evidence from Greece," Managerial Finance, Emerald Group Publishing, vol. 36(11), pages 931-948, September.
    2. Axel Haller, 2002. "Financial accounting developments in the European Union: past events and future prospects," European Accounting Review, Taylor & Francis Journals, vol. 11(1), pages 153-190.
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    More about this item


    Markowitz model; profitability; risk; root-mean deviation; correlation coefficient;

    JEL classification:

    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions


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