Ocena efektywności inwestycji gospodarstw domowych na przykładzie funduszy inwestycyjnych

• Authors: Radosław Pietrzyk
• Languages of publication: PL

Abstracts

PL

Artykuł nie zawiera abstraktu w języku polskim

EN

The main purpose of this article is a theoretical discussion about the performance evaluation from the point of view of households, because the presented method takes risk aversion into account. House- holds, characterized by an increasing and concave utility function, expect a non-linear increase of the expected rate of return in exchange for the extra risk taken. It is important to find a performance measure that takes into account household indifference curves. For example, it might be the Generalized Sharpe Ratio or a measure modifying the traditional beta of CAPM so that it incorporates investor's utility function. This paper presents possibilities of its applications by the example of Polish mutual funds.

Keywords

PL

EN

• Publisher: Wydawnictwo Uniwersytetu Marii Curie-Skłodowskiej
• Journal: Annales Universitatis Mariae Curie-Skłodowska, sectio H – Oeconomia
• Year: 2014
• Volume: 48
• Issue: 3

Dates

published

2014

online

2015-05-23

Contributors

author

Radosław Pietrzyk

References

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Identifiers

DOI

10.17951/h.2014.48.3.263