Open AccessPerformance Evaluation of Stock Markets
Author(s) -
Alina Kvietkauskienė,
Raimonda Martinkutė-Kaulienė
Publication year - 2017
Language(s) - English
Resource type - Conference proceedings
DOI - 10.3846/cbme.2017.071
Subject(s) - investment performance , return on investment , portfolio , financial market , investment strategy , business , stock (firearms) , stock market , investment value , investment (military) , financial economics , economics , microeconomics , finance , profit (economics) , mechanical engineering , politics , law , political science , engineering , paleontology , cash , horse , market liquidity , biology
The authors concentrate their attention on the performance evaluation of stock markets. The markets evaluationand selection is the important part of investment decision making. In order to develop a conceptual framework forinvestment decisions in financial markets, it is important to establish a logical model for market selection. The mainpurpose of the article – to propose the scheme of stock market evaluation and selection for investment portfolio formation.The authors propose the scheme, according to that, it is possible to analyse the issue of the market value and toselect markets that may potentially generate a sustainable investment return for investor, taking into account that sustainableinvestment return is the stable investment return for a long period. According to the analysis of selected stockmarkets and their evaluation using three-dimension utility function, the authors identified the most stable markets toinvestors for investment portfolio formation.