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2014, vol. 9, br. 2, str. 183-202
Istraživanje veze između menadžment ishoda i investicionih performansi preduzetnika
University of Salamanca, Faculty of Economics and Business. Management and Business Economics Department, Salamanca, Spain

e-adresajdarranz@usal.es
Projekat:
Spanish Ministerio de Ciencia y Competitividad (ECO2013-47280-R) and the FEDER funds for financial support.

Ključne reči: preduzetnik-investitor; rizik; povraćaj investicije; informacija; imovina; 'SICAV'
Sažetak
Ovaj rad predstavlja prvi pokušaj da se istraže moguće interakcije između odluka stvarnih i finansijskih investicija agenata koji se u isto vreme ponašaju kao preduzetnici i kao investitori na tržištu akcija. Posebno, predložen je set hipoteza o vezama između rizika i rezultata investiranja u nekretnine, kao i slični indikatori koji se odnose na portfolio njihove imovine na tržištu kapitala. Uzevši 'preduzetnik-investitir' kao jedinicu analize u Španskom kontekstu, testirano je nekoliko hipoteza koje se odnose na odnos između indikatora profitabilnosti i rasta biznisa, kao i mera povraćaja investicije kompanija sa varijabilnim kapitalom (odnosno 'Sociedades de Inversión de Capital Variable'; SICAVs) koje su u većinskom vlasništvu preduzetnika - investitora. Na osnovu uzorka koji je uključivao 69 vlasnika investicija i 'SICAV' akcija, tokom perioda 2006-2010, rezultati su potvrdili da postoji značajna i pozitivna veza između profitabilnosti preduzetničkog biznisa i 'SICAV'-a. Takođe je pronađena negativna veza između rasta realnog poslovanja i profitabilnosti 'SICAV'-a. Na kraju su predstvljene i diskutovane implikacije ovih rezultata.
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O članku

jezik rada: engleski
vrsta rada: izvorni naučni članak
DOI: 10.5937/sjm9-6191
objavljen u SCIndeksu: 22.10.2014.
metod recenzije: dvostruko anoniman

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