- Author
- Pavlik Martin (University of Economics in Bratislava, Slovakia), Lukáčik Martin (University of Economics in Bratislava, Slovakia), Michalski Grzegorz (Wrocław University of Economics, Poland)
- Title
- Software for the Demonstration of the Fundaments of Portfolio Selection
Dobór składowych portfela aktywów bieżących z użyciem oprogramowania - Source
- Ekonometria / Uniwersytet Ekonomiczny we Wrocławiu, 2014, nr 3 (45), s. 122-137, rys., tab., bibliogr. 10 poz.
Econometrics / Uniwersytet Ekonomiczny we Wrocławiu - Keyword
- Ryzyko, Oprogramowanie, Metody portfelowe, Portfel inwestycyjny
Risk, Software, Portfolio methods, Investment portfolio - Note
- streszcz., summ.
- Abstract
- Autorzy stworzyli oprogramowanie działające w środowisku Visual Basic. Celem oprogramowania jest pomoc małym inwestorom, którzy zamierzają utworzyć własne portfele inwestycyjne. Autorzy pozostawili kody programu odblokowane w celu umożliwienia badaczom i analitykom zrozumienia szczegółów kodu. Artykuł zawiera także przykład portfela.(abstrakt oryginalny)
Financial liquidity interconnections are close to be a portfolio investment problem. The following article is a result of the Slovak-Polish cooperation, between partners from University of Economics in Bratislava and Wroclaw University of Economics. We have created a set of three programs in MS Excel which calculate the approximation of the border of the investment opportunities. The applications are continually developed. All programs are written in VBA for Excel. The following article introduces the second and the third program in which we have coded the fundaments of the portfolio selection to the VBA Excel. Their names are FINV and IDPORT. The FINV calculates the border of investment opportunities by using matrix algebra. FINV works with the enabled short sales. IDPORT calculates the border of investment opportunities by using SOLVER, which is the optimization library. The software has many settings which will be described in the article. It demonstrates the fundaments of the theory of investment portfolio and it is suitable for the teaching purposes at this stage of the development.(original abstract) - Accessibility
- The Main Library of the Cracow University of Economics
The Library of Warsaw School of Economics
The Library of University of Economics in Katowice
The Main Library of Poznań University of Economics and Business
The Main Library of the Wroclaw University of Economics - Full text
- Show
- Bibliography
-
- Brigham E.F., Ehrhardt M., 2013, Corporate Finance: A Focused Approach, Cengage Learning.
- Elton E.J., Gruber M.J., 2007, Modern Portfolio Theory and Investment Analysis, Wiley.
- Harrington D.R., 1987, Modern Portfolio Theory, The Capital Asset Pricing Model and Arbitrage Theory: A User's Guide, Prentice-Hall.
- Keynes J., 1936, The General Theory of Employment, Interest and Money, Harcourt Brace, London.
- Markowitz H., 1997, Portfolio Selection - Efficient Diversification of Investment, Wiley, New York.
- McCutcheon J.J., Scott W.F., 1993, An Introduction to the Mathematics of Finance, Oxford.
- Michalski G., 2014, Value-Based Working Capital Management. Determining Liquid Asset Levels in Entrepreneurial Environments, Palgrave Macmillan, New York.
- Michalski G., 2012, Financial Liquidity Management in Relation to Risk Sensitivity: Polish Enterprises Case, Quantitative Methods in Economics, Vydavatelstvo EKONOM, Bratislava, pp.141-160.
- Mlynarovič V., 2001, Financial investment, theory and practice - finančné investovanie: teórie a aplikácie, IURA
- Cited by
- ISSN
- 1507-3866
- Language
- eng
- URI / DOI
- http://dx.doi.org/10.15611/ekt.2014.3.09
