Historical development of portfolio theory
Portfolio theory occupies an essential place in modern finance, while portfolio management grounded on its achievements has been recognized as one of the main tasks of financial experts worldwide. Taking into account the previous, the research aims to understand the development process of portfolio...
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Savez inženjera i tehničara Srbije
2021-01-01
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Online Access: | https://scindeks-clanci.ceon.rs/data/pdf/0040-2176/2021/0040-21762102220L.pdf |
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doaj-76000da9e01949b28f3178f26b89f4932021-07-20T07:35:06ZengSavez inženjera i tehničara SrbijeTehnika0040-21762560-30862021-01-0176222022710.5937/tehnika2102220L0040-21762102220LHistorical development of portfolio theoryLeković Miljan M.0https://orcid.org/0000-0002-4952-3991University of Kragujevac, Faculty of Hotel Management and Tourism, Vrnjačka Banja, SerbiaPortfolio theory occupies an essential place in modern finance, while portfolio management grounded on its achievements has been recognized as one of the main tasks of financial experts worldwide. Taking into account the previous, the research aims to understand the development process of portfolio theory profoundly and to familiarize the investment community with the basic features of each of its phases: traditional, modern, and post-modern portfolio theory, with inevitable comparative analysis of these theories and presentation of their positive and negative aspects. The rationale of implementing an analysis of the evolutionary process of portfolio theory lies in the intention to provide a systematic overview of the development of theoretical thought within this area and grounded on the belief that accumulated knowledge in the field of portfolio theory and portfolio management is one of the most valuable knowledge assets of contemporary society.https://scindeks-clanci.ceon.rs/data/pdf/0040-2176/2021/0040-21762102220L.pdftraditional portfolio theorymodern portfolio theorypost-modern portfolio theory |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Leković Miljan M. |
spellingShingle |
Leković Miljan M. Historical development of portfolio theory Tehnika traditional portfolio theory modern portfolio theory post-modern portfolio theory |
author_facet |
Leković Miljan M. |
author_sort |
Leković Miljan M. |
title |
Historical development of portfolio theory |
title_short |
Historical development of portfolio theory |
title_full |
Historical development of portfolio theory |
title_fullStr |
Historical development of portfolio theory |
title_full_unstemmed |
Historical development of portfolio theory |
title_sort |
historical development of portfolio theory |
publisher |
Savez inženjera i tehničara Srbije |
series |
Tehnika |
issn |
0040-2176 2560-3086 |
publishDate |
2021-01-01 |
description |
Portfolio theory occupies an essential place in modern finance, while portfolio management grounded on its achievements has been recognized as one of the main tasks of financial experts worldwide. Taking into account the previous, the research aims to understand the development process of portfolio theory profoundly and to familiarize the investment community with the basic features of each of its phases: traditional, modern, and post-modern portfolio theory, with inevitable comparative analysis of these theories and presentation of their positive and negative aspects. The rationale of implementing an analysis of the evolutionary process of portfolio theory lies in the intention to provide a systematic overview of the development of theoretical thought within this area and grounded on the belief that accumulated knowledge in the field of portfolio theory and portfolio management is one of the most valuable knowledge assets of contemporary society. |
topic |
traditional portfolio theory modern portfolio theory post-modern portfolio theory |
url |
https://scindeks-clanci.ceon.rs/data/pdf/0040-2176/2021/0040-21762102220L.pdf |
work_keys_str_mv |
AT lekovicmiljanm historicaldevelopmentofportfoliotheory |
_version_ |
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