TY  - JOUR
AU  - Okanović, Andrea
AU  - Ješić, Jelena
AU  - Đaković, Vladimir
AU  - Vukadinović, Simonida
AU  - Andrejević-Panić, Andrea
PY  - 2021
UR  - https://redun.educons.edu.rs/handle/123456789/419
AB  - Growing environmental problems and increasing requirements of green jobs force universities around the world not only to transform their curricula but also to enrich existing ones with contents related to the promotion of sustainable development. This paper aims to show the importance of measuring and monitoring the share of green contents in all university activities, as only in that way it is possible to monitor trends and give realistic assessments of their effect and importance. The paper presents a comparative analysis of different types of methodologies for assessing sustainable activities at universities as well as research conducted at the University of Novi Sad in Serbia and its comparison with the University of Gothenburg (Sweden). This research aims to point out the importance of increasing competitiveness in higher education through assessment of green content in a curriculum and its promotion. In this way, through eco-labeling methodology, it would be easier to identify those contents that, in a certain share, contribute to the promotion of sustainable development. Furthermore, this methodology can easily be extended across the country and the region, which would bring positive effects to all stakeholders in higher education.
PB  - MDPI, BASEL
T2  - Sustainability
T1  - Increasing University Competitiveness through Assessment of Green Content in Curriculum and Eco-Labeling in Higher Education
IS  - 2
VL  - 13
DO  - 10.3390/su13020712
UR  - conv_1065
ER  - 

@article{
author = "Okanović, Andrea and Ješić, Jelena and Đaković, Vladimir and Vukadinović, Simonida and Andrejević-Panić, Andrea",
year = "2021",
abstract = "Growing environmental problems and increasing requirements of green jobs force universities around the world not only to transform their curricula but also to enrich existing ones with contents related to the promotion of sustainable development. This paper aims to show the importance of measuring and monitoring the share of green contents in all university activities, as only in that way it is possible to monitor trends and give realistic assessments of their effect and importance. The paper presents a comparative analysis of different types of methodologies for assessing sustainable activities at universities as well as research conducted at the University of Novi Sad in Serbia and its comparison with the University of Gothenburg (Sweden). This research aims to point out the importance of increasing competitiveness in higher education through assessment of green content in a curriculum and its promotion. In this way, through eco-labeling methodology, it would be easier to identify those contents that, in a certain share, contribute to the promotion of sustainable development. Furthermore, this methodology can easily be extended across the country and the region, which would bring positive effects to all stakeholders in higher education.",
publisher = "MDPI, BASEL",
journal = "Sustainability",
title = "Increasing University Competitiveness through Assessment of Green Content in Curriculum and Eco-Labeling in Higher Education",
number = "2",
volume = "13",
doi = "10.3390/su13020712",
url = "conv_1065"
}

Okanović, A., Ješić, J., Đaković, V., Vukadinović, S.,& Andrejević-Panić, A.. (2021). Increasing University Competitiveness through Assessment of Green Content in Curriculum and Eco-Labeling in Higher Education. in Sustainability
MDPI, BASEL., 13(2).
https://doi.org/10.3390/su13020712
conv_1065

Okanović A, Ješić J, Đaković V, Vukadinović S, Andrejević-Panić A. Increasing University Competitiveness through Assessment of Green Content in Curriculum and Eco-Labeling in Higher Education. in Sustainability. 2021;13(2).
doi:10.3390/su13020712
conv_1065 .

Okanović, Andrea, Ješić, Jelena, Đaković, Vladimir, Vukadinović, Simonida, Andrejević-Panić, Andrea, "Increasing University Competitiveness through Assessment of Green Content in Curriculum and Eco-Labeling in Higher Education" in Sustainability, 13, no. 2 (2021),
https://doi.org/10.3390/su13020712 .,
conv_1065 .

TY  - JOUR
AU  - Đaković, Vladimir
AU  - Ivetić, Jelena
AU  - Anđelić, Goran
PY  - 2021
UR  - https://redun.educons.edu.rs/handle/123456789/428
AB  - The subject of the research is to analyse and evaluate methods of investment risk modelling in dynamic, changing market circumstances, with a special focus on the assessment success of the expected effects of investment activities in 'extreme' return points. In that sense, different Value at Risk models were used: the Historical Simulation (HS VaR), the Delta Normal VaR (D VaR) and the Extreme Value Theory model (EVT). The research objective is to test the performance of these models in specific, volatile, market circumstances, in terms of estimating the maximum possible losses from these activities. The basic hypothesis of the research is that it is possible to successfully anticipate the maximum possible losses from the investment activities in the extreme points of the return function by applying different methods of investment risk modelling in volatile market circumstances. The analysed financial data comprise daily stock returns of the BELEX15 (Serbia), BUX (Hungary), CROBEX (Croatia) and SBITOP (Slovenia) stock exchange indices in the period 2012-2019, which is relatively long time period suitable for the sound analyses. The main findings of the research point to the superior application adequacy of the Extreme Value Theory model (EVT) for successful risk modelling, i.e. for making optimal investment decisions. The research results represent innovated, concrete knowledge in the field of understanding the behaviour of the return function in its extremes, and consequently are of great importance to both the academic and professional public in the process of generating decisions on investment activities in volatile market conditions.
PB  - KAUNAS UNIV TECHNOL, KAUNAS
T2  - Inzinerine Ekonomika-Engineering Economics
T1  - Modelling Risk under Volatile Conditions: Tail Index Estimation and Validation
EP  - 337
IS  - 4
SP  - 325
VL  - 32
DO  - 10.5755/j01.ee.32.4.29192
UR  - conv_1097
ER  - 

@article{
author = "Đaković, Vladimir and Ivetić, Jelena and Anđelić, Goran",
year = "2021",
abstract = "The subject of the research is to analyse and evaluate methods of investment risk modelling in dynamic, changing market circumstances, with a special focus on the assessment success of the expected effects of investment activities in 'extreme' return points. In that sense, different Value at Risk models were used: the Historical Simulation (HS VaR), the Delta Normal VaR (D VaR) and the Extreme Value Theory model (EVT). The research objective is to test the performance of these models in specific, volatile, market circumstances, in terms of estimating the maximum possible losses from these activities. The basic hypothesis of the research is that it is possible to successfully anticipate the maximum possible losses from the investment activities in the extreme points of the return function by applying different methods of investment risk modelling in volatile market circumstances. The analysed financial data comprise daily stock returns of the BELEX15 (Serbia), BUX (Hungary), CROBEX (Croatia) and SBITOP (Slovenia) stock exchange indices in the period 2012-2019, which is relatively long time period suitable for the sound analyses. The main findings of the research point to the superior application adequacy of the Extreme Value Theory model (EVT) for successful risk modelling, i.e. for making optimal investment decisions. The research results represent innovated, concrete knowledge in the field of understanding the behaviour of the return function in its extremes, and consequently are of great importance to both the academic and professional public in the process of generating decisions on investment activities in volatile market conditions.",
publisher = "KAUNAS UNIV TECHNOL, KAUNAS",
journal = "Inzinerine Ekonomika-Engineering Economics",
title = "Modelling Risk under Volatile Conditions: Tail Index Estimation and Validation",
pages = "337-325",
number = "4",
volume = "32",
doi = "10.5755/j01.ee.32.4.29192",
url = "conv_1097"
}

Đaković, V., Ivetić, J.,& Anđelić, G.. (2021). Modelling Risk under Volatile Conditions: Tail Index Estimation and Validation. in Inzinerine Ekonomika-Engineering Economics
KAUNAS UNIV TECHNOL, KAUNAS., 32(4), 325-337.
https://doi.org/10.5755/j01.ee.32.4.29192
conv_1097

Đaković V, Ivetić J, Anđelić G. Modelling Risk under Volatile Conditions: Tail Index Estimation and Validation. in Inzinerine Ekonomika-Engineering Economics. 2021;32(4):325-337.
doi:10.5755/j01.ee.32.4.29192
conv_1097 .

Đaković, Vladimir, Ivetić, Jelena, Anđelić, Goran, "Modelling Risk under Volatile Conditions: Tail Index Estimation and Validation" in Inzinerine Ekonomika-Engineering Economics, 32, no. 4 (2021):325-337,
https://doi.org/10.5755/j01.ee.32.4.29192 .,
conv_1097 .

TY  - JOUR
AU  - Okanović, Andrea
AU  - Jokanović, Bojana
AU  - Đaković, Vladimir
AU  - Vukadinović, Simonida
AU  - Ješić, Jelena
PY  - 2020
UR  - https://redun.educons.edu.rs/handle/123456789/407
AB  - In the approaching time of the Fourth Industrial Revolution, our planet has undergone dramatic changes, that will leave its mark on all aspects of our life. For this reason, countries around the world have been challenged to reinstate or redefine their national strategies in order to adjust to the requirements of the new age. Policy - makers of today are expected to evaluate each country's readiness to adopt and implement the concepts underlying the Industry 4.0. Analyzing the existing models, it became apparent to the authors and other researchers that there is no suitable model that provides adequate information on the attitude of states towards the criteria of the fourth industrial revolution. For this reason, this paper proposes a new model consisting of 42 quantitative and 8 mixed indicators, 10 of which, directly relate to the characteristics of the new age that is before us. The model has been applied in 17 OECD countries, as it is currently best suited to measure the competitiveness of the most developed countries, which offer the most data within the parameters that describe the characteristics of the smart society of the future. Nevertheless, the authors of the paper believe that the presented model will, very soon, be applicable to a much wider range of countries, and above all, that it will be well suited for measuring the competitiveness of all European countries.
PB  - BUDAPEST TECH, BUDAPEST
T2  - Acta Polytechnica Hungarica
T1  - Innovating a Model for Measuring Competitiveness in Accordance with the Challenges of Industry 4.0
EP  - 88
IS  - 7
SP  - 67
VL  - 17
UR  - conv_1048
ER  - 

@article{
author = "Okanović, Andrea and Jokanović, Bojana and Đaković, Vladimir and Vukadinović, Simonida and Ješić, Jelena",
year = "2020",
abstract = "In the approaching time of the Fourth Industrial Revolution, our planet has undergone dramatic changes, that will leave its mark on all aspects of our life. For this reason, countries around the world have been challenged to reinstate or redefine their national strategies in order to adjust to the requirements of the new age. Policy - makers of today are expected to evaluate each country's readiness to adopt and implement the concepts underlying the Industry 4.0. Analyzing the existing models, it became apparent to the authors and other researchers that there is no suitable model that provides adequate information on the attitude of states towards the criteria of the fourth industrial revolution. For this reason, this paper proposes a new model consisting of 42 quantitative and 8 mixed indicators, 10 of which, directly relate to the characteristics of the new age that is before us. The model has been applied in 17 OECD countries, as it is currently best suited to measure the competitiveness of the most developed countries, which offer the most data within the parameters that describe the characteristics of the smart society of the future. Nevertheless, the authors of the paper believe that the presented model will, very soon, be applicable to a much wider range of countries, and above all, that it will be well suited for measuring the competitiveness of all European countries.",
publisher = "BUDAPEST TECH, BUDAPEST",
journal = "Acta Polytechnica Hungarica",
title = "Innovating a Model for Measuring Competitiveness in Accordance with the Challenges of Industry 4.0",
pages = "88-67",
number = "7",
volume = "17",
url = "conv_1048"
}

Okanović, A., Jokanović, B., Đaković, V., Vukadinović, S.,& Ješić, J.. (2020). Innovating a Model for Measuring Competitiveness in Accordance with the Challenges of Industry 4.0. in Acta Polytechnica Hungarica
BUDAPEST TECH, BUDAPEST., 17(7), 67-88.
conv_1048

Okanović A, Jokanović B, Đaković V, Vukadinović S, Ješić J. Innovating a Model for Measuring Competitiveness in Accordance with the Challenges of Industry 4.0. in Acta Polytechnica Hungarica. 2020;17(7):67-88.
conv_1048 .

Okanović, Andrea, Jokanović, Bojana, Đaković, Vladimir, Vukadinović, Simonida, Ješić, Jelena, "Innovating a Model for Measuring Competitiveness in Accordance with the Challenges of Industry 4.0" in Acta Polytechnica Hungarica, 17, no. 7 (2020):67-88,
conv_1048 .

TY  - JOUR
AU  - Milosević, Marko
AU  - Anđelić, Goran
AU  - Vidaković, Slobodan
AU  - Đaković, Vladimir
PY  - 2019
UR  - https://redun.educons.edu.rs/handle/123456789/393
AB  - Taking into account the current trends and opportunities in the financial markets of developing countries, the subject of the research is to analyse, test and quantify the impact of the holiday effect on the daily return rates from investing activities for the observed financial markets of Slovenia, Croatia and Hungary. The aim of the research is to gain a concrete, empirically tested and quantified knowledge of the capabilities and effectiveness of autoregressive conditional heteroscedasticity (A.R.C.H.) and generalized autoregressive conditional heteroscedasticity (G.A.R.C.H.) models, in order to quantify the impact of the holiday effect on the rates of return from investing activities in the observed financial markets. The time period covered by the research is 2003-2016, where the length of the research time horizon makes possible model effectiveness testing in the periods before, during and after the global financial crisis. The methodology also includes S.I.C.-A.I.C. (Schwarz and Akaike) model selection criteria and a number of tests suitable for or adapted to the specific characteristics of financial markets in developing countries. The research results confirm the role and importance of the application of econometric models in order to quantify the risks of investing activities in the financial markets of developing countries.
PB  - ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD, ABINGDON
T2  - Economic Research-Ekonomska Istrazivanja
T1  - The influence of holiday effect on the rate of return of emerging markets: a case study of Slovenia, Croatia and Hungary
EP  - 2376
IS  - 1
SP  - 2354
VL  - 32
DO  - 10.1080/1331677X.2019.1638281
UR  - conv_995
ER  - 

@article{
author = "Milosević, Marko and Anđelić, Goran and Vidaković, Slobodan and Đaković, Vladimir",
year = "2019",
abstract = "Taking into account the current trends and opportunities in the financial markets of developing countries, the subject of the research is to analyse, test and quantify the impact of the holiday effect on the daily return rates from investing activities for the observed financial markets of Slovenia, Croatia and Hungary. The aim of the research is to gain a concrete, empirically tested and quantified knowledge of the capabilities and effectiveness of autoregressive conditional heteroscedasticity (A.R.C.H.) and generalized autoregressive conditional heteroscedasticity (G.A.R.C.H.) models, in order to quantify the impact of the holiday effect on the rates of return from investing activities in the observed financial markets. The time period covered by the research is 2003-2016, where the length of the research time horizon makes possible model effectiveness testing in the periods before, during and after the global financial crisis. The methodology also includes S.I.C.-A.I.C. (Schwarz and Akaike) model selection criteria and a number of tests suitable for or adapted to the specific characteristics of financial markets in developing countries. The research results confirm the role and importance of the application of econometric models in order to quantify the risks of investing activities in the financial markets of developing countries.",
publisher = "ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD, ABINGDON",
journal = "Economic Research-Ekonomska Istrazivanja",
title = "The influence of holiday effect on the rate of return of emerging markets: a case study of Slovenia, Croatia and Hungary",
pages = "2376-2354",
number = "1",
volume = "32",
doi = "10.1080/1331677X.2019.1638281",
url = "conv_995"
}

Milosević, M., Anđelić, G., Vidaković, S.,& Đaković, V.. (2019). The influence of holiday effect on the rate of return of emerging markets: a case study of Slovenia, Croatia and Hungary. in Economic Research-Ekonomska Istrazivanja
ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD, ABINGDON., 32(1), 2354-2376.
https://doi.org/10.1080/1331677X.2019.1638281
conv_995

Milosević M, Anđelić G, Vidaković S, Đaković V. The influence of holiday effect on the rate of return of emerging markets: a case study of Slovenia, Croatia and Hungary. in Economic Research-Ekonomska Istrazivanja. 2019;32(1):2354-2376.
doi:10.1080/1331677X.2019.1638281
conv_995 .

Milosević, Marko, Anđelić, Goran, Vidaković, Slobodan, Đaković, Vladimir, "The influence of holiday effect on the rate of return of emerging markets: a case study of Slovenia, Croatia and Hungary" in Economic Research-Ekonomska Istrazivanja, 32, no. 1 (2019):2354-2376,
https://doi.org/10.1080/1331677X.2019.1638281 .,
conv_995 .

TY  - JOUR
AU  - Đaković, Vladimir
AU  - Anđelić, Goran
AU  - Petković, Aleksandar D.
PY  - 2019
UR  - https://redun.educons.edu.rs/handle/123456789/395
AB  - The research subject is the investment environment problem analysis and the evaluation of the developing countries, namely, the Republic of Serbia, Croatia, Slovenia, and Hungary. The research problem is to determine performance and adequacy of risk estimation models with special attention to the investment environment specificities of the markets in the developing countries. The analysis was carried out by testing and implementation of the Value-at-Risk models, i.e. the historical simulation (HS VaR), the delta-normal VaR (D VaR) and the extreme value theory model (EVT), with the confidence level of 95 % for 100, 200 and 300 days, in the period from 2012 to 2016. The research objective is to test the validity of VaR models and performance evaluation regarding determination of the maximum possible loss. The basic hypothesis of the research is that there is a relation between the successful application of the historical simulation (HS VaR), the delta-normal VaR (D VaR) and the extreme value theory model (EVT) and the conditions and opportunities of the investment environment of the developing countries. The research results provide concrete knowledge of the conditions and circumstances of the investment environment in the observed markets, with a simultaneous performance assessment of the tested VaR models. The main result of the study is that regarding investment activities in the markets of developing countries and number of failures of various VaR models, the investment policymakers cannot rely on the analysis of historical trends and on one of the basic postulates of portfolio analysis 'History Repeats Itself'. Recommendation for further research and for the local societies benefit is to emphasize the necessity of stable investment environment, thus enabling adequate capital allocation and risk estimation, while using the wide variety of approaches to Value-at-Risk modeling, especially for longer-horizon risk prediction.
PB  - KAUNAS UNIV TECHNOL, KAUNAS
T2  - Inzinerine Ekonomika-Engineering Economics
T1  - Investment Environment Problem Analysis and Evaluation: an Ex Post Empirical Analysis and Performance Implications
EP  - 433
IS  - 4
SP  - 422
VL  - 30
DO  - 10.5755/j01.ee.30.4.20838
UR  - conv_1008
ER  - 

@article{
author = "Đaković, Vladimir and Anđelić, Goran and Petković, Aleksandar D.",
year = "2019",
abstract = "The research subject is the investment environment problem analysis and the evaluation of the developing countries, namely, the Republic of Serbia, Croatia, Slovenia, and Hungary. The research problem is to determine performance and adequacy of risk estimation models with special attention to the investment environment specificities of the markets in the developing countries. The analysis was carried out by testing and implementation of the Value-at-Risk models, i.e. the historical simulation (HS VaR), the delta-normal VaR (D VaR) and the extreme value theory model (EVT), with the confidence level of 95 % for 100, 200 and 300 days, in the period from 2012 to 2016. The research objective is to test the validity of VaR models and performance evaluation regarding determination of the maximum possible loss. The basic hypothesis of the research is that there is a relation between the successful application of the historical simulation (HS VaR), the delta-normal VaR (D VaR) and the extreme value theory model (EVT) and the conditions and opportunities of the investment environment of the developing countries. The research results provide concrete knowledge of the conditions and circumstances of the investment environment in the observed markets, with a simultaneous performance assessment of the tested VaR models. The main result of the study is that regarding investment activities in the markets of developing countries and number of failures of various VaR models, the investment policymakers cannot rely on the analysis of historical trends and on one of the basic postulates of portfolio analysis 'History Repeats Itself'. Recommendation for further research and for the local societies benefit is to emphasize the necessity of stable investment environment, thus enabling adequate capital allocation and risk estimation, while using the wide variety of approaches to Value-at-Risk modeling, especially for longer-horizon risk prediction.",
publisher = "KAUNAS UNIV TECHNOL, KAUNAS",
journal = "Inzinerine Ekonomika-Engineering Economics",
title = "Investment Environment Problem Analysis and Evaluation: an Ex Post Empirical Analysis and Performance Implications",
pages = "433-422",
number = "4",
volume = "30",
doi = "10.5755/j01.ee.30.4.20838",
url = "conv_1008"
}

Đaković, V., Anđelić, G.,& Petković, A. D.. (2019). Investment Environment Problem Analysis and Evaluation: an Ex Post Empirical Analysis and Performance Implications. in Inzinerine Ekonomika-Engineering Economics
KAUNAS UNIV TECHNOL, KAUNAS., 30(4), 422-433.
https://doi.org/10.5755/j01.ee.30.4.20838
conv_1008

Đaković V, Anđelić G, Petković AD. Investment Environment Problem Analysis and Evaluation: an Ex Post Empirical Analysis and Performance Implications. in Inzinerine Ekonomika-Engineering Economics. 2019;30(4):422-433.
doi:10.5755/j01.ee.30.4.20838
conv_1008 .

Đaković, Vladimir, Anđelić, Goran, Petković, Aleksandar D., "Investment Environment Problem Analysis and Evaluation: an Ex Post Empirical Analysis and Performance Implications" in Inzinerine Ekonomika-Engineering Economics, 30, no. 4 (2019):422-433,
https://doi.org/10.5755/j01.ee.30.4.20838 .,
conv_1008 .

TY  - JOUR
AU  - Đaković, Vladimir
AU  - Anđelić, Goran
PY  - 2017
UR  - https://redun.educons.edu.rs/handle/123456789/319
AB  - The subject of this research is to test the performances of the parametric and nonparametric VaR models in the markets of the countries of the Southeast European region. The research objective is to provide concrete results regarding the possibilities of application of aforementioned VaR models in the observed markets. The research hypothesis is that the application of both parametric and nonparametric VaR models can provide optimal results regarding investment optimization. The methodology used in this research includes the application of MANOVA analysis, discriminant analysis, and Roy's test in the case of selected regional countries. The research results indicate the significance of the analysed VaR models application in the analysed markets and expand the potential for further research in the subject field. The results obtained in the research (rolling windows 100 and 300 days) implicate that statistically significant differences exists in the application of both parametric and nonparametric VaR models. Also, these results have significant international importance having in mind that there are very few studies in this area with the focus on the markets of the Southeast European region, especially with so wide and systemic approach as in this research. Having this fact in mind, the results obtained in this research significantly expand both academic and practical knowledge about possibilities and limitations of different Value at Risk models in everyday business practice.
PB  - KAUNAS UNIV TECHNOL, KAUNAS
T2  - Inzinerine Ekonomika-Engineering Economics
T1  - The Possibilities of Application of the Parametric and Nonparametric VaR Daily Returns Estimation - Regional Perspective
EP  - 134
IS  - 2
SP  - 127
VL  - 28
DO  - 10.5755/j01.ee.28.2.14225
UR  - conv_896
ER  - 

@article{
author = "Đaković, Vladimir and Anđelić, Goran",
year = "2017",
abstract = "The subject of this research is to test the performances of the parametric and nonparametric VaR models in the markets of the countries of the Southeast European region. The research objective is to provide concrete results regarding the possibilities of application of aforementioned VaR models in the observed markets. The research hypothesis is that the application of both parametric and nonparametric VaR models can provide optimal results regarding investment optimization. The methodology used in this research includes the application of MANOVA analysis, discriminant analysis, and Roy's test in the case of selected regional countries. The research results indicate the significance of the analysed VaR models application in the analysed markets and expand the potential for further research in the subject field. The results obtained in the research (rolling windows 100 and 300 days) implicate that statistically significant differences exists in the application of both parametric and nonparametric VaR models. Also, these results have significant international importance having in mind that there are very few studies in this area with the focus on the markets of the Southeast European region, especially with so wide and systemic approach as in this research. Having this fact in mind, the results obtained in this research significantly expand both academic and practical knowledge about possibilities and limitations of different Value at Risk models in everyday business practice.",
publisher = "KAUNAS UNIV TECHNOL, KAUNAS",
journal = "Inzinerine Ekonomika-Engineering Economics",
title = "The Possibilities of Application of the Parametric and Nonparametric VaR Daily Returns Estimation - Regional Perspective",
pages = "134-127",
number = "2",
volume = "28",
doi = "10.5755/j01.ee.28.2.14225",
url = "conv_896"
}

Đaković, V.,& Anđelić, G.. (2017). The Possibilities of Application of the Parametric and Nonparametric VaR Daily Returns Estimation - Regional Perspective. in Inzinerine Ekonomika-Engineering Economics
KAUNAS UNIV TECHNOL, KAUNAS., 28(2), 127-134.
https://doi.org/10.5755/j01.ee.28.2.14225
conv_896

Đaković V, Anđelić G. The Possibilities of Application of the Parametric and Nonparametric VaR Daily Returns Estimation - Regional Perspective. in Inzinerine Ekonomika-Engineering Economics. 2017;28(2):127-134.
doi:10.5755/j01.ee.28.2.14225
conv_896 .

Đaković, Vladimir, Anđelić, Goran, "The Possibilities of Application of the Parametric and Nonparametric VaR Daily Returns Estimation - Regional Perspective" in Inzinerine Ekonomika-Engineering Economics, 28, no. 2 (2017):127-134,
https://doi.org/10.5755/j01.ee.28.2.14225 .,
conv_896 .

TY  - JOUR
AU  - Ralević, Nebojša
AU  - Glišović, Nataša
AU  - Đaković, Vladimir
AU  - Anđelić, Goran
PY  - 2017
UR  - https://redun.educons.edu.rs/handle/123456789/315
AB  - Predmet istraživanja u radu jeste kreiranje i testiranje poboljšanog fuzzy neural network backpropagation modela za predikciju berzanskih indeksa, uz poređenje sa tradicionalnim neural network backpropagation modelom. Cilj istraživanja jeste dolaženje do konkretnih saznanja o mogućnostima primene poboljšanog fuzzy neural network backpropagation modela za predikciju berzanskih indeksa, sa posebnim fokusom na tranzitorna tržišta. Metodologija korišćena u radu obuhvata integraciju fuzzy-fikovanih tezina u neuro mreži. Rezultati istraživanja biće korisni kako široj investicionoj javnosti, tako i akademskoj struci, u smislu korišćenja poboljšanog modela u donošenju odluka o investiranju i unapređenju znanja u predmetnoj oblasti.
AB  - The subject of this paper is the creation and testing of an enhanced fuzzy neural network backpropagation model for the prediction of stock market indexes, including the comparison with the traditional neural network backpropagation model. The objective of the research is to gather information concerning the possibilities of using the enhanced fuzzy neural network backpropagation model for the prediction of stock market indexes focusing on transitional markets. The methodology used involves the integration of fuzzified weights into the neural network. The research results will be beneficial both for the broader investment community and the academia, in terms of the application of the enhanced model in the investment decision-making, as well as in improving the knowledge in this subject matter.
PB  - Ekonomski institut, Beograd
T2  - Industrija
T1  - Prediktivni hibridni sistem za berzansko tržište - slučaj tranzitornih tržišta
T1  - Hybrid system prediction for the stock market: The case of transitional markets
EP  - 60
IS  - 1
SP  - 45
VL  - 45
DO  - 10.5937/industrija45-11052
UR  - conv_92
ER  - 

@article{
author = "Ralević, Nebojša and Glišović, Nataša and Đaković, Vladimir and Anđelić, Goran",
year = "2017",
abstract = "Predmet istraživanja u radu jeste kreiranje i testiranje poboljšanog fuzzy neural network backpropagation modela za predikciju berzanskih indeksa, uz poređenje sa tradicionalnim neural network backpropagation modelom. Cilj istraživanja jeste dolaženje do konkretnih saznanja o mogućnostima primene poboljšanog fuzzy neural network backpropagation modela za predikciju berzanskih indeksa, sa posebnim fokusom na tranzitorna tržišta. Metodologija korišćena u radu obuhvata integraciju fuzzy-fikovanih tezina u neuro mreži. Rezultati istraživanja biće korisni kako široj investicionoj javnosti, tako i akademskoj struci, u smislu korišćenja poboljšanog modela u donošenju odluka o investiranju i unapređenju znanja u predmetnoj oblasti., The subject of this paper is the creation and testing of an enhanced fuzzy neural network backpropagation model for the prediction of stock market indexes, including the comparison with the traditional neural network backpropagation model. The objective of the research is to gather information concerning the possibilities of using the enhanced fuzzy neural network backpropagation model for the prediction of stock market indexes focusing on transitional markets. The methodology used involves the integration of fuzzified weights into the neural network. The research results will be beneficial both for the broader investment community and the academia, in terms of the application of the enhanced model in the investment decision-making, as well as in improving the knowledge in this subject matter.",
publisher = "Ekonomski institut, Beograd",
journal = "Industrija",
title = "Prediktivni hibridni sistem za berzansko tržište - slučaj tranzitornih tržišta, Hybrid system prediction for the stock market: The case of transitional markets",
pages = "60-45",
number = "1",
volume = "45",
doi = "10.5937/industrija45-11052",
url = "conv_92"
}

Ralević, N., Glišović, N., Đaković, V.,& Anđelić, G.. (2017). Prediktivni hibridni sistem za berzansko tržište - slučaj tranzitornih tržišta. in Industrija
Ekonomski institut, Beograd., 45(1), 45-60.
https://doi.org/10.5937/industrija45-11052
conv_92

Ralević N, Glišović N, Đaković V, Anđelić G. Prediktivni hibridni sistem za berzansko tržište - slučaj tranzitornih tržišta. in Industrija. 2017;45(1):45-60.
doi:10.5937/industrija45-11052
conv_92 .

Ralević, Nebojša, Glišović, Nataša, Đaković, Vladimir, Anđelić, Goran, "Prediktivni hibridni sistem za berzansko tržište - slučaj tranzitornih tržišta" in Industrija, 45, no. 1 (2017):45-60,
https://doi.org/10.5937/industrija45-11052 .,
conv_92 .

TY  - JOUR
AU  - Anđelić, Goran
AU  - Đaković, Vladimir
AU  - Tot, Vilmoš
PY  - 2016
UR  - https://redun.educons.edu.rs/handle/123456789/267
AB  - Predmet istraživanja u radu jeste definisanje mesta, uloge i značaja novih koncepata standardizacije u funkciji razvoja robnih berzi, odnosno berzanskog trgovanja robama. Cilj istraživanja jeste dolaženje do niza konkretnih informacija, u praksi testiranih, o mogućnostima unapređenja berzanskog trgovanja robama, odnosno stvaranja uslova za dalju evoluciju robnih berzi, sa posebnim fokusom na stanja i prilike na domaćem tržištu Republike Srbije. Metodologija korišćena u istraživanju obuhvata metode analize, sinteze, eksplorativne i induktivno-deduktivne tehnike. Rezultati istraživanja biće korisni kako akademskoj zajednici za dalja istraživanja u oblasti, tako i kreatorima politika u funkciji kreiranja i implementacije seta mera i instrumenata usmerenih ka razvoju robnih berzi i robnog berzanskog trgovanja.
AB  - The subject of the research is to analyze and to define the place, role and significance of the new concepts of standardisation in function of commodity exchange evolution. The objective of the research is to provide concrete information, tested in practice, about possibilities for improving commodity exchange trading, that is, making conditions for further commodity exchanges evolution, with special focus on conditions and circumstances at the domestic market of the Republic of Serbia. Methodology used in the research comprises methods of analysis, synthesis, explorative and inductive-deductive techniques. The results of the research will be useful both for academic sector for further exploration in the area, and also for policy makers in function of creation and implementation instruments for further commodity exchanges and commodity exchange trading development.
PB  - Univerzitet Edukons - Fakultet poslovne ekonomije, Sremska Kamenica
T2  - Poslovna ekonomija
T1  - Novi pravci razvoja robnih berzi kroz 'prizmu' savremenih standarda
T1  - New development trends of commodity exchanges through 'the prism' of modern standards
EP  - 27
IS  - 2
SP  - 1
VL  - 10
DO  - 10.5937/poseko10-13066
UR  - conv_583
ER  - 

@article{
author = "Anđelić, Goran and Đaković, Vladimir and Tot, Vilmoš",
year = "2016",
abstract = "Predmet istraživanja u radu jeste definisanje mesta, uloge i značaja novih koncepata standardizacije u funkciji razvoja robnih berzi, odnosno berzanskog trgovanja robama. Cilj istraživanja jeste dolaženje do niza konkretnih informacija, u praksi testiranih, o mogućnostima unapređenja berzanskog trgovanja robama, odnosno stvaranja uslova za dalju evoluciju robnih berzi, sa posebnim fokusom na stanja i prilike na domaćem tržištu Republike Srbije. Metodologija korišćena u istraživanju obuhvata metode analize, sinteze, eksplorativne i induktivno-deduktivne tehnike. Rezultati istraživanja biće korisni kako akademskoj zajednici za dalja istraživanja u oblasti, tako i kreatorima politika u funkciji kreiranja i implementacije seta mera i instrumenata usmerenih ka razvoju robnih berzi i robnog berzanskog trgovanja., The subject of the research is to analyze and to define the place, role and significance of the new concepts of standardisation in function of commodity exchange evolution. The objective of the research is to provide concrete information, tested in practice, about possibilities for improving commodity exchange trading, that is, making conditions for further commodity exchanges evolution, with special focus on conditions and circumstances at the domestic market of the Republic of Serbia. Methodology used in the research comprises methods of analysis, synthesis, explorative and inductive-deductive techniques. The results of the research will be useful both for academic sector for further exploration in the area, and also for policy makers in function of creation and implementation instruments for further commodity exchanges and commodity exchange trading development.",
publisher = "Univerzitet Edukons - Fakultet poslovne ekonomije, Sremska Kamenica",
journal = "Poslovna ekonomija",
title = "Novi pravci razvoja robnih berzi kroz 'prizmu' savremenih standarda, New development trends of commodity exchanges through 'the prism' of modern standards",
pages = "27-1",
number = "2",
volume = "10",
doi = "10.5937/poseko10-13066",
url = "conv_583"
}

Anđelić, G., Đaković, V.,& Tot, V.. (2016). Novi pravci razvoja robnih berzi kroz 'prizmu' savremenih standarda. in Poslovna ekonomija
Univerzitet Edukons - Fakultet poslovne ekonomije, Sremska Kamenica., 10(2), 1-27.
https://doi.org/10.5937/poseko10-13066
conv_583

Anđelić G, Đaković V, Tot V. Novi pravci razvoja robnih berzi kroz 'prizmu' savremenih standarda. in Poslovna ekonomija. 2016;10(2):1-27.
doi:10.5937/poseko10-13066
conv_583 .

Anđelić, Goran, Đaković, Vladimir, Tot, Vilmoš, "Novi pravci razvoja robnih berzi kroz 'prizmu' savremenih standarda" in Poslovna ekonomija, 10, no. 2 (2016):1-27,
https://doi.org/10.5937/poseko10-13066 .,
conv_583 .

TY  - JOUR
AU  - Dimitrijević, Bojan S.
AU  - Đaković, Vladimir
AU  - Anđelić, Goran
AU  - Glišović, Nataša S.
PY  - 2016
UR  - https://redun.educons.edu.rs/handle/123456789/271
AB  - Ekonofizika je nova i narastajuća naučna disciplina koja nastoji da poveže i utvrdi međuzavisnost između fizičkih pojava i ekonomske aktivnosti ljudi. Sve je veći broj radova koji nastoje da dokažu empirijsku povezanost i uzročno-posledičnu međuzavisnost između sunčevih pega i ponašanja berzanskih indeksa. Teorijski osnov ove veze zasniva se na činjenici da sunčeve pege uzrokuju pojačanu geomagnetnu aktivnost Zemlje, a ova uzrokuje promene u psihologiji i ponašanju ljudi, dovodeći do talasa optimizma i pesimizma, što utiče na intenzitet investiranja na berzanskim tržištima, cene akcija i veličinu prinosa. Stoga, U radu se istražuje empirijska međuzavisnost između aktivnosti sunčevih pega i ponašanja berzanskih indeksa na četiri narastajuća tržišta doskorašnjih zemalja u tranziciji (Mađarska, Slovenija, Hrvatska i Srbija). Analiziran je period od sedam godina (2005-2012.), jer koincidira sa vremenom izbijanja globalne ekonomske krize (kraj 2008. godine). Rezultati istraživanja upućuju na zaključak da empirijska međuzavisnost i uzročnost postoji, u skladu sa teorijskim očekivanjima.
AB  - Econophysics is a new and growing discipline that strives to connect and establish the interdependence between natural phenomena and human economic activities. A growing number of studies attempts to prove empirical correlation and cause-effect interdependence between sunspots and the behaviour of stock market indices. This relationship is theoretically based on the fact that sunspots cause enhanced geomagnetic activity of the Earth, and it changes human psychology and behaviour, inducing waves of optimism and pessimism, which affect investment intensity in stock markets, stock prices and return size. Therefore, the article explores the empirical correlation between sunspot activity and behaviour of stock indices in four growing stock markets in former transition countries (Hungary, Slovenia, Croatia and Serbia). The period of seven years (2005 to 2012) is analyzed since it coincides with the outbreak of the global economic crisis (late 2008). The research results indicate that there exist empirical correlation and causality, in accordance with theoretical expectations.
PB  - Univerzitet Edukons - Fakultet poslovne ekonomije, Sremska Kamenica
T2  - Poslovna ekonomija
T1  - Sunčeve pege i berzanska tržišta - empirijski dokazi međuzavisnosti u zemljama u tranziciji
T1  - Sunspots and stock markets: Some empirical evidence of their interdependence in transition countries
EP  - 24
IS  - 1
SP  - 1
VL  - 10
DO  - 10.5937/PosEko1601001D
UR  - conv_576
ER  - 

@article{
author = "Dimitrijević, Bojan S. and Đaković, Vladimir and Anđelić, Goran and Glišović, Nataša S.",
year = "2016",
abstract = "Ekonofizika je nova i narastajuća naučna disciplina koja nastoji da poveže i utvrdi međuzavisnost između fizičkih pojava i ekonomske aktivnosti ljudi. Sve je veći broj radova koji nastoje da dokažu empirijsku povezanost i uzročno-posledičnu međuzavisnost između sunčevih pega i ponašanja berzanskih indeksa. Teorijski osnov ove veze zasniva se na činjenici da sunčeve pege uzrokuju pojačanu geomagnetnu aktivnost Zemlje, a ova uzrokuje promene u psihologiji i ponašanju ljudi, dovodeći do talasa optimizma i pesimizma, što utiče na intenzitet investiranja na berzanskim tržištima, cene akcija i veličinu prinosa. Stoga, U radu se istražuje empirijska međuzavisnost između aktivnosti sunčevih pega i ponašanja berzanskih indeksa na četiri narastajuća tržišta doskorašnjih zemalja u tranziciji (Mađarska, Slovenija, Hrvatska i Srbija). Analiziran je period od sedam godina (2005-2012.), jer koincidira sa vremenom izbijanja globalne ekonomske krize (kraj 2008. godine). Rezultati istraživanja upućuju na zaključak da empirijska međuzavisnost i uzročnost postoji, u skladu sa teorijskim očekivanjima., Econophysics is a new and growing discipline that strives to connect and establish the interdependence between natural phenomena and human economic activities. A growing number of studies attempts to prove empirical correlation and cause-effect interdependence between sunspots and the behaviour of stock market indices. This relationship is theoretically based on the fact that sunspots cause enhanced geomagnetic activity of the Earth, and it changes human psychology and behaviour, inducing waves of optimism and pessimism, which affect investment intensity in stock markets, stock prices and return size. Therefore, the article explores the empirical correlation between sunspot activity and behaviour of stock indices in four growing stock markets in former transition countries (Hungary, Slovenia, Croatia and Serbia). The period of seven years (2005 to 2012) is analyzed since it coincides with the outbreak of the global economic crisis (late 2008). The research results indicate that there exist empirical correlation and causality, in accordance with theoretical expectations.",
publisher = "Univerzitet Edukons - Fakultet poslovne ekonomije, Sremska Kamenica",
journal = "Poslovna ekonomija",
title = "Sunčeve pege i berzanska tržišta - empirijski dokazi međuzavisnosti u zemljama u tranziciji, Sunspots and stock markets: Some empirical evidence of their interdependence in transition countries",
pages = "24-1",
number = "1",
volume = "10",
doi = "10.5937/PosEko1601001D",
url = "conv_576"
}

Dimitrijević, B. S., Đaković, V., Anđelić, G.,& Glišović, N. S.. (2016). Sunčeve pege i berzanska tržišta - empirijski dokazi međuzavisnosti u zemljama u tranziciji. in Poslovna ekonomija
Univerzitet Edukons - Fakultet poslovne ekonomije, Sremska Kamenica., 10(1), 1-24.
https://doi.org/10.5937/PosEko1601001D
conv_576

Dimitrijević BS, Đaković V, Anđelić G, Glišović NS. Sunčeve pege i berzanska tržišta - empirijski dokazi međuzavisnosti u zemljama u tranziciji. in Poslovna ekonomija. 2016;10(1):1-24.
doi:10.5937/PosEko1601001D
conv_576 .

Dimitrijević, Bojan S., Đaković, Vladimir, Anđelić, Goran, Glišović, Nataša S., "Sunčeve pege i berzanska tržišta - empirijski dokazi međuzavisnosti u zemljama u tranziciji" in Poslovna ekonomija, 10, no. 1 (2016):1-24,
https://doi.org/10.5937/PosEko1601001D .,
conv_576 .

TY  - CONF
AU  - Ralević, Nebojša
AU  - Anđelić, Goran
AU  - Đaković, Vladimir
AU  - Glisović, Natasa S.
PY  - 2015
UR  - https://redun.educons.edu.rs/handle/123456789/257
AB  - The financial market is complex, evolving and dynamic system, which has an extremely non-linear movement. Thus, investment return prediction represents a significant challenge, especially because of its great diversity, unsteadiness and unstructured data with a high degree of instability and pronounced hidden connections. It is known that accurate prediction of the stock market indexes is very important for the development of effective trading strategies in investments. The main objective of the research is to perform the comparative analyses of different nonparametric methods, that is, fuzzy artificial neural networks (fuzzyANN) and genetic algorithm artificial neural networks (GAANN) for predicting the movements of the stock market indexes. The survey is conducted on the BELEX15, SBITOP, BUX and CROBEX stock market indexes. Model estimates were carried out through the prediction error MAE, MAPE and RMSE. The research results point to the adequacy of the nonparametric methods application in investments.
PB  - IEEE, NEW YORK
C3  - IEEE 13th International Symposium on Intelligent Systems and Informatics (Sisy)
T1  - The Comparative Analyses of the Nonparametric Methods for Investment Return Prediction
EP  - 115
SP  - 111
UR  - conv_874
ER  - 

@conference{
author = "Ralević, Nebojša and Anđelić, Goran and Đaković, Vladimir and Glisović, Natasa S.",
year = "2015",
abstract = "The financial market is complex, evolving and dynamic system, which has an extremely non-linear movement. Thus, investment return prediction represents a significant challenge, especially because of its great diversity, unsteadiness and unstructured data with a high degree of instability and pronounced hidden connections. It is known that accurate prediction of the stock market indexes is very important for the development of effective trading strategies in investments. The main objective of the research is to perform the comparative analyses of different nonparametric methods, that is, fuzzy artificial neural networks (fuzzyANN) and genetic algorithm artificial neural networks (GAANN) for predicting the movements of the stock market indexes. The survey is conducted on the BELEX15, SBITOP, BUX and CROBEX stock market indexes. Model estimates were carried out through the prediction error MAE, MAPE and RMSE. The research results point to the adequacy of the nonparametric methods application in investments.",
publisher = "IEEE, NEW YORK",
journal = "IEEE 13th International Symposium on Intelligent Systems and Informatics (Sisy)",
title = "The Comparative Analyses of the Nonparametric Methods for Investment Return Prediction",
pages = "115-111",
url = "conv_874"
}

Ralević, N., Anđelić, G., Đaković, V.,& Glisović, N. S.. (2015). The Comparative Analyses of the Nonparametric Methods for Investment Return Prediction. in IEEE 13th International Symposium on Intelligent Systems and Informatics (Sisy)
IEEE, NEW YORK., 111-115.
conv_874

Ralević N, Anđelić G, Đaković V, Glisović NS. The Comparative Analyses of the Nonparametric Methods for Investment Return Prediction. in IEEE 13th International Symposium on Intelligent Systems and Informatics (Sisy). 2015;:111-115.
conv_874 .

Ralević, Nebojša, Anđelić, Goran, Đaković, Vladimir, Glisović, Natasa S., "The Comparative Analyses of the Nonparametric Methods for Investment Return Prediction" in IEEE 13th International Symposium on Intelligent Systems and Informatics (Sisy) (2015):111-115,
conv_874 .

TY  - JOUR
AU  - Đaković, Vladimir
AU  - Mladenović, Igor
AU  - Anđelić, Goran
PY  - 2015
UR  - https://redun.educons.edu.rs/handle/123456789/247
AB  - The research presented in the study is the analysis and implementation of parametric and non-parametric Value at Risk (VaR) calculation models for predicting risk and determining the maximum potential loss from investment activities. The study sample includes stock indices of Serbian (BELEX15), Hungarian (BUX), Croatian (CROBEX) and Slovenian (SBITOP) markets, from 1st January 2006 to 31st December 2012. The methodology connotes the use of analysis and synthesis, as well as relevant statistical and mathematical methods. The study is based on the assumption that there is no statistically significant difference among the different models of risk management, in relation to the performance of investment risk prediction in the markets of the observed transition economies. The main aim of the study is to assess the performances of risk management models in practice, in order to operationally optimize investment decisions. The research results indicate the implementation adequacy of the tested models in the observed transitional markets, with full consideration of their specifics.
PB  - BUDAPEST TECH, BUDAPEST
T2  - Acta Polytechnica Hungarica
T1  - An Empirical Examination of Investment Risk Management Models for Serbia, Hungary, Croatia and Slovenia
EP  - 220
IS  - 4
SP  - 201
VL  - 12
UR  - conv_850
ER  - 

@article{
author = "Đaković, Vladimir and Mladenović, Igor and Anđelić, Goran",
year = "2015",
abstract = "The research presented in the study is the analysis and implementation of parametric and non-parametric Value at Risk (VaR) calculation models for predicting risk and determining the maximum potential loss from investment activities. The study sample includes stock indices of Serbian (BELEX15), Hungarian (BUX), Croatian (CROBEX) and Slovenian (SBITOP) markets, from 1st January 2006 to 31st December 2012. The methodology connotes the use of analysis and synthesis, as well as relevant statistical and mathematical methods. The study is based on the assumption that there is no statistically significant difference among the different models of risk management, in relation to the performance of investment risk prediction in the markets of the observed transition economies. The main aim of the study is to assess the performances of risk management models in practice, in order to operationally optimize investment decisions. The research results indicate the implementation adequacy of the tested models in the observed transitional markets, with full consideration of their specifics.",
publisher = "BUDAPEST TECH, BUDAPEST",
journal = "Acta Polytechnica Hungarica",
title = "An Empirical Examination of Investment Risk Management Models for Serbia, Hungary, Croatia and Slovenia",
pages = "220-201",
number = "4",
volume = "12",
url = "conv_850"
}

Đaković, V., Mladenović, I.,& Anđelić, G.. (2015). An Empirical Examination of Investment Risk Management Models for Serbia, Hungary, Croatia and Slovenia. in Acta Polytechnica Hungarica
BUDAPEST TECH, BUDAPEST., 12(4), 201-220.
conv_850

Đaković V, Mladenović I, Anđelić G. An Empirical Examination of Investment Risk Management Models for Serbia, Hungary, Croatia and Slovenia. in Acta Polytechnica Hungarica. 2015;12(4):201-220.
conv_850 .

Đaković, Vladimir, Mladenović, Igor, Anđelić, Goran, "An Empirical Examination of Investment Risk Management Models for Serbia, Hungary, Croatia and Slovenia" in Acta Polytechnica Hungarica, 12, no. 4 (2015):201-220,
conv_850 .

TY  - JOUR
AU  - Đaković, Vladimir
AU  - Anđelić, Goran
AU  - Ljumović, Isidora Lj.
PY  - 2014
UR  - https://redun.educons.edu.rs/handle/123456789/238
AB  - Uvažavajući aktuelne trendove i tržišne prilike na tranzitornim tržištima, predmet istraživanja u radu jeste analiziranje i kvantifikacija različitih modela merenja Value at Risk-a (VaR) u svetlu uspešnosti procene rizika od aktivnosti investiranja na domicilnom tržištu. Cilj koji se želi ostvariti istraživanjem jeste dolaženje do niza kvalitativnih i kvantitativnih informacija o mogućnostima uspešnosti primene različitih modela VaR-a u donošenju odluka o investiranju, a u funkciji minimiziranja rizika od aktivnosti investiranja. Istraživanje je fokusirano na domicilno finansijsko tržište i obuhvata period od 2006-2012 godine. Metodologija istraživanja podrazumeva primenu analize MANOVA, diskriminativne analize i Roy-evog testa, a prilagođena je specifičnostima tranzitornog tržišta Republike Srbije. Rezultati istraživanja potvrđuju istaknuto mesto, ulogu i značaj različitih modela VaR-a u svetlu kvantifikacije rizika od aktivnosti investiranja na domicilnom tržištu, uz ukazivanje na specifičnosti razlika između pojedinih modela VaR-a. U tom smislu, dobijeni rezultati će biti korisni kako akademskoj zajednici, tako i stručnoj javnosti u kontekstu uspešne primene različitih modela VaR-a prilikom donošenja odluka o aktivnostima investiranja.
AB  - Taking into account current trends and opportunities in the transitional markets, the subject of the research is to analyze and quantify the different Value at Risk (VaR) calculation models in the light of investment risk assessment performance in the domestic market. The research objective is to gain a series of qualitative and quantitative information about the possibilities of effective application of different VaR models in investment decision-making in order to minimize risks of investment activities. The research focuses on the domestic financial market and covers the period 2006-2012. The research methodology involves the use of MANOVA analysis, discriminant analysis, and Roy's test, and is adapted to the specific characteristics of the transitional market of the Republic of Serbia. The research results confirm the prominent place, role and importance of different VaR models in the light of the investment risk quantification in the domestic market, with reference to the specificities between particular VaR models. In this sense, the results will be useful both for academic and professional communities, in the context of the successful application of different VaR models in decision-making about investment activities.
PB  - Ekonomski institut, Beograd
T2  - Industrija
T1  - Parametarska i neparametarska VaR procena dnevnih prinosa
T1  - Parametric and nonparametric VaR daily returns estimation
EP  - 54
IS  - 4
SP  - 43
VL  - 42
DO  - 10.5937/industrija42-5983
UR  - conv_85
ER  - 

@article{
author = "Đaković, Vladimir and Anđelić, Goran and Ljumović, Isidora Lj.",
year = "2014",
abstract = "Uvažavajući aktuelne trendove i tržišne prilike na tranzitornim tržištima, predmet istraživanja u radu jeste analiziranje i kvantifikacija različitih modela merenja Value at Risk-a (VaR) u svetlu uspešnosti procene rizika od aktivnosti investiranja na domicilnom tržištu. Cilj koji se želi ostvariti istraživanjem jeste dolaženje do niza kvalitativnih i kvantitativnih informacija o mogućnostima uspešnosti primene različitih modela VaR-a u donošenju odluka o investiranju, a u funkciji minimiziranja rizika od aktivnosti investiranja. Istraživanje je fokusirano na domicilno finansijsko tržište i obuhvata period od 2006-2012 godine. Metodologija istraživanja podrazumeva primenu analize MANOVA, diskriminativne analize i Roy-evog testa, a prilagođena je specifičnostima tranzitornog tržišta Republike Srbije. Rezultati istraživanja potvrđuju istaknuto mesto, ulogu i značaj različitih modela VaR-a u svetlu kvantifikacije rizika od aktivnosti investiranja na domicilnom tržištu, uz ukazivanje na specifičnosti razlika između pojedinih modela VaR-a. U tom smislu, dobijeni rezultati će biti korisni kako akademskoj zajednici, tako i stručnoj javnosti u kontekstu uspešne primene različitih modela VaR-a prilikom donošenja odluka o aktivnostima investiranja., Taking into account current trends and opportunities in the transitional markets, the subject of the research is to analyze and quantify the different Value at Risk (VaR) calculation models in the light of investment risk assessment performance in the domestic market. The research objective is to gain a series of qualitative and quantitative information about the possibilities of effective application of different VaR models in investment decision-making in order to minimize risks of investment activities. The research focuses on the domestic financial market and covers the period 2006-2012. The research methodology involves the use of MANOVA analysis, discriminant analysis, and Roy's test, and is adapted to the specific characteristics of the transitional market of the Republic of Serbia. The research results confirm the prominent place, role and importance of different VaR models in the light of the investment risk quantification in the domestic market, with reference to the specificities between particular VaR models. In this sense, the results will be useful both for academic and professional communities, in the context of the successful application of different VaR models in decision-making about investment activities.",
publisher = "Ekonomski institut, Beograd",
journal = "Industrija",
title = "Parametarska i neparametarska VaR procena dnevnih prinosa, Parametric and nonparametric VaR daily returns estimation",
pages = "54-43",
number = "4",
volume = "42",
doi = "10.5937/industrija42-5983",
url = "conv_85"
}

Đaković, V., Anđelić, G.,& Ljumović, I. Lj.. (2014). Parametarska i neparametarska VaR procena dnevnih prinosa. in Industrija
Ekonomski institut, Beograd., 42(4), 43-54.
https://doi.org/10.5937/industrija42-5983
conv_85

Đaković V, Anđelić G, Ljumović IL. Parametarska i neparametarska VaR procena dnevnih prinosa. in Industrija. 2014;42(4):43-54.
doi:10.5937/industrija42-5983
conv_85 .

Đaković, Vladimir, Anđelić, Goran, Ljumović, Isidora Lj., "Parametarska i neparametarska VaR procena dnevnih prinosa" in Industrija, 42, no. 4 (2014):43-54,
https://doi.org/10.5937/industrija42-5983 .,
conv_85 .

TY  - CONF
AU  - Ralević, Nebojša
AU  - Glisović, Natasa S.
AU  - Đaković, Vladimir
AU  - Anđelić, Goran
PY  - 2014
UR  - https://redun.educons.edu.rs/handle/123456789/227
AB  - The market structure has been adjusted in order to be as simple as possible in sense of its economic components. The aim of the investment return prediction is constructing as good models of the market movement as possible. As for as the stock market is concerned, the price rise of some stocks indicate the good results of the management of that company, while the price fall shows the inadequate management. Prompt and accurate information of the market movement enable the managers to take some measures which lead to optimal investment decision. The Autoregressive Moving Average (ARIMA) model is one of the most frequently linear models of the time series used for the investment return prediction. The prediction researches in the last years from the areas of Artificial Neural Networks (ANNs) indicate that ANNs with a combination of other prediction models give better prediction results. This research aim is to introduce a hybrid model ARIMA fuzzy-neural network for the prediction of the stock market index BELEX15 values. The research results indicate that the linear model ARIMA and fuzzy ANNs exhibit more superior investment return prediction performances.
PB  - IEEE, NEW YORK
C3  - 2014 IEEE 12th International Symposium on Intelligent Systems and Informatics (Sisy)
T1  - The Performance of the Investment Return Prediction Models: Theory and Evidence
EP  - 225
SP  - 221
UR  - conv_848
ER  - 

@conference{
author = "Ralević, Nebojša and Glisović, Natasa S. and Đaković, Vladimir and Anđelić, Goran",
year = "2014",
abstract = "The market structure has been adjusted in order to be as simple as possible in sense of its economic components. The aim of the investment return prediction is constructing as good models of the market movement as possible. As for as the stock market is concerned, the price rise of some stocks indicate the good results of the management of that company, while the price fall shows the inadequate management. Prompt and accurate information of the market movement enable the managers to take some measures which lead to optimal investment decision. The Autoregressive Moving Average (ARIMA) model is one of the most frequently linear models of the time series used for the investment return prediction. The prediction researches in the last years from the areas of Artificial Neural Networks (ANNs) indicate that ANNs with a combination of other prediction models give better prediction results. This research aim is to introduce a hybrid model ARIMA fuzzy-neural network for the prediction of the stock market index BELEX15 values. The research results indicate that the linear model ARIMA and fuzzy ANNs exhibit more superior investment return prediction performances.",
publisher = "IEEE, NEW YORK",
journal = "2014 IEEE 12th International Symposium on Intelligent Systems and Informatics (Sisy)",
title = "The Performance of the Investment Return Prediction Models: Theory and Evidence",
pages = "225-221",
url = "conv_848"
}

Ralević, N., Glisović, N. S., Đaković, V.,& Anđelić, G.. (2014). The Performance of the Investment Return Prediction Models: Theory and Evidence. in 2014 IEEE 12th International Symposium on Intelligent Systems and Informatics (Sisy)
IEEE, NEW YORK., 221-225.
conv_848

Ralević N, Glisović NS, Đaković V, Anđelić G. The Performance of the Investment Return Prediction Models: Theory and Evidence. in 2014 IEEE 12th International Symposium on Intelligent Systems and Informatics (Sisy). 2014;:221-225.
conv_848 .

Ralević, Nebojša, Glisović, Natasa S., Đaković, Vladimir, Anđelić, Goran, "The Performance of the Investment Return Prediction Models: Theory and Evidence" in 2014 IEEE 12th International Symposium on Intelligent Systems and Informatics (Sisy) (2014):221-225,
conv_848 .

TY  - JOUR
AU  - Đaković, Vladimir
AU  - Anđelić, Goran
PY  - 2014
UR  - https://redun.educons.edu.rs/handle/123456789/226
AB  - Predmet istraživanja u radu jeste implementacija komparativne studije modela teorije ekstremnih vrednosti (EVT) u aktivnostima investiranja. Shodno tome, fokus istraživanja je na analiziranju performansi primene modela teorije ekstremnih vrednosti (EVT), delta normal VaR-a (D VaR) i istorijske simulacije (HS VaR) na tranzitornom tržištu Republike Srbije sa nivoom pouzdanosti od 95% za 100 i 300 dana. Cilj koji se želi ostvariti istraživanjem jeste dolaženje do kvalitetnih i pouzdanih informacija o mogućnostima primene različitih modela kalkulacije VaR-a u optimizaciji efekata od aktivnosti investiranja na domicilnom tržištu. Metodologija istraživanja korišćena u radu obuhvata analizu MANOVA, diskriminativnu analizu i Roy-ev test. Glavni rezultati istraživanja ukazuju da postoji statistička značajna razlika u performansama primene testiranih modela, odnosno uspešnosti predikcije rizika od aktivnosti investiranja. Rezultati istraživanja biće korisni kako akademskoj, tako i stručnoj javnosti, u smislu značajnog proširivanja kognitivne baze o mogućnostima primene različitih modela kalkulacije VaR-a u aktivnostima investiranja na tranzitornom tržištu Republike Srbije.
AB  - The subject of the research is the implementation of the comparative study of the Extreme Value Theory model (EVT) in investments. In that sense, the scope of the research is to analyze performances of the Extreme Value Theory model (EVT), Delta normal VaR (D VaR) and Historical Simulation (HS VaR) models on the transitional market of the Republic of Serbia with confidence level of 95% for 100 and 300 days. The aim of the research is to provide quality and reliable information about the implementation possibilities of different VaR calculation models in investments optimization on the domestic market. The methodology of the research comprises the MANOVA analyses, discriminant analysis and Roy's test. The main results of the research show that there is a statistically significant difference in the performance of the tested models; that is, in the accuracy of prediction of the risk from investment activities. The results of the research will be useful to both academic and practical communities regarding significant growth of the cognitive base of implementation possibilities of different VaR calculation models in the investment activities on the transitional market of the Republic of Serbia.
PB  - Univerzitet Edukons - Fakultet poslovne ekonomije, Sremska Kamenica
T2  - Poslovna ekonomija
T1  - Komparativna studija modela teorije ekstremnih vrednosti u investiranju
T1  - A comparative study of the extreme value theory model in investments
EP  - 22
IS  - 1
SP  - 9
VL  - 8
DO  - 10.5937/PosEko1401009D
UR  - conv_543
ER  - 

@article{
author = "Đaković, Vladimir and Anđelić, Goran",
year = "2014",
abstract = "Predmet istraživanja u radu jeste implementacija komparativne studije modela teorije ekstremnih vrednosti (EVT) u aktivnostima investiranja. Shodno tome, fokus istraživanja je na analiziranju performansi primene modela teorije ekstremnih vrednosti (EVT), delta normal VaR-a (D VaR) i istorijske simulacije (HS VaR) na tranzitornom tržištu Republike Srbije sa nivoom pouzdanosti od 95% za 100 i 300 dana. Cilj koji se želi ostvariti istraživanjem jeste dolaženje do kvalitetnih i pouzdanih informacija o mogućnostima primene različitih modela kalkulacije VaR-a u optimizaciji efekata od aktivnosti investiranja na domicilnom tržištu. Metodologija istraživanja korišćena u radu obuhvata analizu MANOVA, diskriminativnu analizu i Roy-ev test. Glavni rezultati istraživanja ukazuju da postoji statistička značajna razlika u performansama primene testiranih modela, odnosno uspešnosti predikcije rizika od aktivnosti investiranja. Rezultati istraživanja biće korisni kako akademskoj, tako i stručnoj javnosti, u smislu značajnog proširivanja kognitivne baze o mogućnostima primene različitih modela kalkulacije VaR-a u aktivnostima investiranja na tranzitornom tržištu Republike Srbije., The subject of the research is the implementation of the comparative study of the Extreme Value Theory model (EVT) in investments. In that sense, the scope of the research is to analyze performances of the Extreme Value Theory model (EVT), Delta normal VaR (D VaR) and Historical Simulation (HS VaR) models on the transitional market of the Republic of Serbia with confidence level of 95% for 100 and 300 days. The aim of the research is to provide quality and reliable information about the implementation possibilities of different VaR calculation models in investments optimization on the domestic market. The methodology of the research comprises the MANOVA analyses, discriminant analysis and Roy's test. The main results of the research show that there is a statistically significant difference in the performance of the tested models; that is, in the accuracy of prediction of the risk from investment activities. The results of the research will be useful to both academic and practical communities regarding significant growth of the cognitive base of implementation possibilities of different VaR calculation models in the investment activities on the transitional market of the Republic of Serbia.",
publisher = "Univerzitet Edukons - Fakultet poslovne ekonomije, Sremska Kamenica",
journal = "Poslovna ekonomija",
title = "Komparativna studija modela teorije ekstremnih vrednosti u investiranju, A comparative study of the extreme value theory model in investments",
pages = "22-9",
number = "1",
volume = "8",
doi = "10.5937/PosEko1401009D",
url = "conv_543"
}

Đaković, V.,& Anđelić, G.. (2014). Komparativna studija modela teorije ekstremnih vrednosti u investiranju. in Poslovna ekonomija
Univerzitet Edukons - Fakultet poslovne ekonomije, Sremska Kamenica., 8(1), 9-22.
https://doi.org/10.5937/PosEko1401009D
conv_543

Đaković V, Anđelić G. Komparativna studija modela teorije ekstremnih vrednosti u investiranju. in Poslovna ekonomija. 2014;8(1):9-22.
doi:10.5937/PosEko1401009D
conv_543 .

Đaković, Vladimir, Anđelić, Goran, "Komparativna studija modela teorije ekstremnih vrednosti u investiranju" in Poslovna ekonomija, 8, no. 1 (2014):9-22,
https://doi.org/10.5937/PosEko1401009D .,
conv_543 .

TY  - JOUR
AU  - Anđelić, Goran
AU  - Đaković, Vladimir
PY  - 2013
UR  - https://redun.educons.edu.rs/handle/123456789/200
AB  - Predmet istraživanja u radu jeste analiziranje trenutnog stanja i okolnosti u javnom sektoru Republike Srbije, sa ciljem da se na bazi tako prikupljenih informacija stvore realne pretpostavke za predlaganje niza konkretnih mera i instrumenata kojima će se započeti reforma javnog sektora u pravcu stabilizacije prilika i okolnosti na njemu. Polazna hipoteza istraživanja jeste da je javni sektor u Republici Srbiji nisko produktivan i efikasan, neracionalno postavljen, sa nizom problema koji su karakteristični za loše formulisane i upravljane poslovne sisteme. U kontekstu potvrđivanja ove hipoteze leži i izvedena hipoteza istraživanja koja pretpostavlja da stanja i prilike u javnom sektoru direktno utiču na stanja i prilike u celokupnom društveno-ekonomskom sistemu i da je ta veza istosmerna, u smislu da dobro koncipiran javni sektor doprinosi razvoju društveno-ekonomskog sistema u celosti, i obrnuto. Metodologija korišćena u istraživanju obuhvata metode analize i sinteze, dedukcije, indukcije i komparacije. Osnovni cilj istraživanja jeste dolaženje do niza saznanja o trenutnom stanju i prilikama u javnom sektoru, na bazi kojih će se predložiti konkretne mere i instrumenti u pravcu reforme i razvoja javnog sektora Republike Srbije. Rezultati istraživanja biće korisni kako akademskoj javnosti, tako i kreatorima ekonomskih politika, jer će pružiti čitav niz mehanizama i mera kojima će se jasno opredeliti pravac reforme javnog sektora Republike Srbije u smeru njegove racionalizacije.
AB  - Subject of this study is to analyze the current condition and circumstances in the public sector of the Republic of Serbia, in order, on the basis of gathered information, to create real preconditions for proposing a series of concrete measures and instruments that will initiate the reform of the public sector towards stabilizing the condition and circumstances on it. The basic hypothesis is that the public sector in the Republic of Serbia is low productive and efficient, irrational set, with a number of problems that are characteristic for poorly formulated and managed business systems. In the context of the confirmation of this hypothesis lies and derived hypothesis that assumes that the conditions and circumstances in the public sector directly affect the conditions and circumstances in the entire socio-economic system, and that the relationship is directly correlated, in the sense that well-designed public sector contributes to the development of socio-economic system as a whole and vice versa. The methodology used in the study includes methods of analysis and synthesis, deduction, induction and comparison. The main objective of the research is to acquire a series of information about the current condition and circumstances in the public sector, on the basis of which will concrete measures be proposed in direction to reform and develop the public sector of the Republic of Serbia. The results of the research will be useful to academics and economic policymakers, because it will provide a number of mechanisms and measures that will clearly determine the course of the reform of the public sector in the Republic of Serbia in the direction of its rationalization.
PB  - Univerzitet Edukons - Fakultet poslovne ekonomije, Sremska Kamenica
T2  - Poslovna ekonomija
T1  - Reforma javnog sektora Republike Srbije - pravci, trendovi, izazovi
T1  - Public sector reform of the Republic of Serbia: Directions, trends, challenges
EP  - 78
IS  - 1
SP  - 59
VL  - 7
UR  - conv_526
ER  - 

@article{
author = "Anđelić, Goran and Đaković, Vladimir",
year = "2013",
abstract = "Predmet istraživanja u radu jeste analiziranje trenutnog stanja i okolnosti u javnom sektoru Republike Srbije, sa ciljem da se na bazi tako prikupljenih informacija stvore realne pretpostavke za predlaganje niza konkretnih mera i instrumenata kojima će se započeti reforma javnog sektora u pravcu stabilizacije prilika i okolnosti na njemu. Polazna hipoteza istraživanja jeste da je javni sektor u Republici Srbiji nisko produktivan i efikasan, neracionalno postavljen, sa nizom problema koji su karakteristični za loše formulisane i upravljane poslovne sisteme. U kontekstu potvrđivanja ove hipoteze leži i izvedena hipoteza istraživanja koja pretpostavlja da stanja i prilike u javnom sektoru direktno utiču na stanja i prilike u celokupnom društveno-ekonomskom sistemu i da je ta veza istosmerna, u smislu da dobro koncipiran javni sektor doprinosi razvoju društveno-ekonomskog sistema u celosti, i obrnuto. Metodologija korišćena u istraživanju obuhvata metode analize i sinteze, dedukcije, indukcije i komparacije. Osnovni cilj istraživanja jeste dolaženje do niza saznanja o trenutnom stanju i prilikama u javnom sektoru, na bazi kojih će se predložiti konkretne mere i instrumenti u pravcu reforme i razvoja javnog sektora Republike Srbije. Rezultati istraživanja biće korisni kako akademskoj javnosti, tako i kreatorima ekonomskih politika, jer će pružiti čitav niz mehanizama i mera kojima će se jasno opredeliti pravac reforme javnog sektora Republike Srbije u smeru njegove racionalizacije., Subject of this study is to analyze the current condition and circumstances in the public sector of the Republic of Serbia, in order, on the basis of gathered information, to create real preconditions for proposing a series of concrete measures and instruments that will initiate the reform of the public sector towards stabilizing the condition and circumstances on it. The basic hypothesis is that the public sector in the Republic of Serbia is low productive and efficient, irrational set, with a number of problems that are characteristic for poorly formulated and managed business systems. In the context of the confirmation of this hypothesis lies and derived hypothesis that assumes that the conditions and circumstances in the public sector directly affect the conditions and circumstances in the entire socio-economic system, and that the relationship is directly correlated, in the sense that well-designed public sector contributes to the development of socio-economic system as a whole and vice versa. The methodology used in the study includes methods of analysis and synthesis, deduction, induction and comparison. The main objective of the research is to acquire a series of information about the current condition and circumstances in the public sector, on the basis of which will concrete measures be proposed in direction to reform and develop the public sector of the Republic of Serbia. The results of the research will be useful to academics and economic policymakers, because it will provide a number of mechanisms and measures that will clearly determine the course of the reform of the public sector in the Republic of Serbia in the direction of its rationalization.",
publisher = "Univerzitet Edukons - Fakultet poslovne ekonomije, Sremska Kamenica",
journal = "Poslovna ekonomija",
title = "Reforma javnog sektora Republike Srbije - pravci, trendovi, izazovi, Public sector reform of the Republic of Serbia: Directions, trends, challenges",
pages = "78-59",
number = "1",
volume = "7",
url = "conv_526"
}

Anđelić, G.,& Đaković, V.. (2013). Reforma javnog sektora Republike Srbije - pravci, trendovi, izazovi. in Poslovna ekonomija
Univerzitet Edukons - Fakultet poslovne ekonomije, Sremska Kamenica., 7(1), 59-78.
conv_526

Anđelić G, Đaković V. Reforma javnog sektora Republike Srbije - pravci, trendovi, izazovi. in Poslovna ekonomija. 2013;7(1):59-78.
conv_526 .

Anđelić, Goran, Đaković, Vladimir, "Reforma javnog sektora Republike Srbije - pravci, trendovi, izazovi" in Poslovna ekonomija, 7, no. 1 (2013):59-78,
conv_526 .

TY  - JOUR
AU  - Anđelić, Goran
AU  - Đaković, Vladimir
AU  - Sujić, Mirjana M.
PY  - 2012
UR  - https://redun.educons.edu.rs/handle/123456789/129
AB  - Predmet istraživanja u radu je testiranje i analiziranje VaR (Value-at-Risk) metoda upravljanja tržišnim rizikom na finansijskom tržištu Republike Srbije. U tu svrhu u radu je sprovedeno konkretno istraživanje koje obuhvata period od 2005. do 2011. godine, sa ciljem procene uspešnosti VaR metoda na srpskom finansijskom tržištu. Testirani VaR metodi su istorijska simulacija (HS) i delta normal VaR sa nivoom pouzdanosti od 95% i 99% za 50, 100, 200 i 250 dana. Kao reperni pokazatelj stanja i prilika na srpskom finansijskom tržištu korišćen je BELEX15 indeks Beogradske berze, koji u sebi obuhvata 15 najlikvidnijih hartija od vrednosti srpskog finansijskog tržišta. Ciljevi koji se teže ostvariti istraživanjem su usmereni u pravcu procene uspešnosti primene istorijske simulacije (HS) i delta normal VaR-a na, po mnogim kriterijumima, 'specifičnom'-tranzitornom finansijskom tržištu Republike Srbije. Osnovni cilj istraživanja jeste dolaženje do konkretnih, u praksi testiranih, saznanja o mogućnostima i uspešnosti primene VaR metoda na finansijskom tržištu Republike Srbije u funkciji optimizacije odluka o investiranju. Rezultati istraživanja ukazuju na neophodnost primene VaR metoda upravljanja tržišnim rizikom na finansijskom tržištu Republike Srbije.
AB  - The subject of the research is to test and analyze VaR (Value-at-Risk) methods of market risk management on the financial market of the Republic of Serbia. Thus, concrete research is conducted in the period 2005 - 2011, with the goal of VaR methods performance assessment on the Serbian financial market. The tested VaR methods are Historical simulation (HS) and Delta normal VaR with 95% and 99% confidence level for 50, 100, 200 and 250 days. BELEX15 stock index of the Belgrade Stock Exchange, which comprises of 15 most liquid securities of the Serbian financial market, is used as a benchmark indicator of the conditions on the Serbian financial market. The goals which are intended for achieving in the research are focused to Historical simulation (HS) and Delta normal VaR performance assessment on, according to many criteria, 'specific'-transitory financial market of the Republic of Serbia. The basic goal of the research is to come to concrete, practically tested, knowledge about the possibility and performance of VaR methods application on the financial market of the Republic of Serbia in function of investment decisions optimizing. Research results point to the necessity of VaR methods application in market risk management on the financial market of the Republic of Serbia.
PB  - Ekonomski institut, Beograd
T2  - Industrija
T1  - An empirical evaluation of Value-at-Risk: The case of the Belgrade Stock Exchange index - BELEX15
EP  - 60
IS  - 1
SP  - 39
VL  - 40
UR  - conv_75
ER  - 

@article{
author = "Anđelić, Goran and Đaković, Vladimir and Sujić, Mirjana M.",
year = "2012",
abstract = "Predmet istraživanja u radu je testiranje i analiziranje VaR (Value-at-Risk) metoda upravljanja tržišnim rizikom na finansijskom tržištu Republike Srbije. U tu svrhu u radu je sprovedeno konkretno istraživanje koje obuhvata period od 2005. do 2011. godine, sa ciljem procene uspešnosti VaR metoda na srpskom finansijskom tržištu. Testirani VaR metodi su istorijska simulacija (HS) i delta normal VaR sa nivoom pouzdanosti od 95% i 99% za 50, 100, 200 i 250 dana. Kao reperni pokazatelj stanja i prilika na srpskom finansijskom tržištu korišćen je BELEX15 indeks Beogradske berze, koji u sebi obuhvata 15 najlikvidnijih hartija od vrednosti srpskog finansijskog tržišta. Ciljevi koji se teže ostvariti istraživanjem su usmereni u pravcu procene uspešnosti primene istorijske simulacije (HS) i delta normal VaR-a na, po mnogim kriterijumima, 'specifičnom'-tranzitornom finansijskom tržištu Republike Srbije. Osnovni cilj istraživanja jeste dolaženje do konkretnih, u praksi testiranih, saznanja o mogućnostima i uspešnosti primene VaR metoda na finansijskom tržištu Republike Srbije u funkciji optimizacije odluka o investiranju. Rezultati istraživanja ukazuju na neophodnost primene VaR metoda upravljanja tržišnim rizikom na finansijskom tržištu Republike Srbije., The subject of the research is to test and analyze VaR (Value-at-Risk) methods of market risk management on the financial market of the Republic of Serbia. Thus, concrete research is conducted in the period 2005 - 2011, with the goal of VaR methods performance assessment on the Serbian financial market. The tested VaR methods are Historical simulation (HS) and Delta normal VaR with 95% and 99% confidence level for 50, 100, 200 and 250 days. BELEX15 stock index of the Belgrade Stock Exchange, which comprises of 15 most liquid securities of the Serbian financial market, is used as a benchmark indicator of the conditions on the Serbian financial market. The goals which are intended for achieving in the research are focused to Historical simulation (HS) and Delta normal VaR performance assessment on, according to many criteria, 'specific'-transitory financial market of the Republic of Serbia. The basic goal of the research is to come to concrete, practically tested, knowledge about the possibility and performance of VaR methods application on the financial market of the Republic of Serbia in function of investment decisions optimizing. Research results point to the necessity of VaR methods application in market risk management on the financial market of the Republic of Serbia.",
publisher = "Ekonomski institut, Beograd",
journal = "Industrija",
title = "An empirical evaluation of Value-at-Risk: The case of the Belgrade Stock Exchange index - BELEX15",
pages = "60-39",
number = "1",
volume = "40",
url = "conv_75"
}

Anđelić, G., Đaković, V.,& Sujić, M. M.. (2012). An empirical evaluation of Value-at-Risk: The case of the Belgrade Stock Exchange index - BELEX15. in Industrija
Ekonomski institut, Beograd., 40(1), 39-60.
conv_75

Anđelić G, Đaković V, Sujić MM. An empirical evaluation of Value-at-Risk: The case of the Belgrade Stock Exchange index - BELEX15. in Industrija. 2012;40(1):39-60.
conv_75 .

Anđelić, Goran, Đaković, Vladimir, Sujić, Mirjana M., "An empirical evaluation of Value-at-Risk: The case of the Belgrade Stock Exchange index - BELEX15" in Industrija, 40, no. 1 (2012):39-60,
conv_75 .

TY  - JOUR
AU  - Anđelić, Goran
AU  - Ivanić, Valentina
AU  - Đaković, Vladimir
PY  - 2012
UR  - https://redun.educons.edu.rs/handle/123456789/153
AB  - The aim of this research is to reveal the direction of change the cultural dimensions of companies in AP Vojvodina, when the Republic of Serbia - as a country in transition - was being included in the European division of labor. Foreign direct investments from EU countries are used as a method of transposing cultural patterns. The research methodology used here included the application of the Mann Whitney and the Chi square tests to compare the attitudes of the managers of these two groups of companies in AP Vojvodina. The results indicate that there is no statistically significant difference in the attitudes of managers of the two groups of companies, in terms of the questionnaire items that explore the power distance dimension. In AP Vojvodina, masculinity and individualism are still valued to a greater extent by the managers of companies with foreign capital than by those with domestic capital. Managers of the companies with foreign capital show a higher degree of uncertainty avoidance than those with domestic capital, which is contrary to authors' expectations, though explicable in the context of the recessionary business conditions under which the research was conducted.
PB  - UNIV RIJEKA, FAC ECOMOMICS, RIJEKA
T2  - Zbornik Radova Ekonomskog fakulteta u Rijeci-Proceedings of Rijeka Faculty of Economics
T1  - The impact of the EU accession process to the organizational culture of the companies operating in the transition countries
EP  - 319
IS  - 2
SP  - 295
VL  - 30
UR  - conv_786
ER  - 

@article{
author = "Anđelić, Goran and Ivanić, Valentina and Đaković, Vladimir",
year = "2012",
abstract = "The aim of this research is to reveal the direction of change the cultural dimensions of companies in AP Vojvodina, when the Republic of Serbia - as a country in transition - was being included in the European division of labor. Foreign direct investments from EU countries are used as a method of transposing cultural patterns. The research methodology used here included the application of the Mann Whitney and the Chi square tests to compare the attitudes of the managers of these two groups of companies in AP Vojvodina. The results indicate that there is no statistically significant difference in the attitudes of managers of the two groups of companies, in terms of the questionnaire items that explore the power distance dimension. In AP Vojvodina, masculinity and individualism are still valued to a greater extent by the managers of companies with foreign capital than by those with domestic capital. Managers of the companies with foreign capital show a higher degree of uncertainty avoidance than those with domestic capital, which is contrary to authors' expectations, though explicable in the context of the recessionary business conditions under which the research was conducted.",
publisher = "UNIV RIJEKA, FAC ECOMOMICS, RIJEKA",
journal = "Zbornik Radova Ekonomskog fakulteta u Rijeci-Proceedings of Rijeka Faculty of Economics",
title = "The impact of the EU accession process to the organizational culture of the companies operating in the transition countries",
pages = "319-295",
number = "2",
volume = "30",
url = "conv_786"
}

Anđelić, G., Ivanić, V.,& Đaković, V.. (2012). The impact of the EU accession process to the organizational culture of the companies operating in the transition countries. in Zbornik Radova Ekonomskog fakulteta u Rijeci-Proceedings of Rijeka Faculty of Economics
UNIV RIJEKA, FAC ECOMOMICS, RIJEKA., 30(2), 295-319.
conv_786

Anđelić G, Ivanić V, Đaković V. The impact of the EU accession process to the organizational culture of the companies operating in the transition countries. in Zbornik Radova Ekonomskog fakulteta u Rijeci-Proceedings of Rijeka Faculty of Economics. 2012;30(2):295-319.
conv_786 .

Anđelić, Goran, Ivanić, Valentina, Đaković, Vladimir, "The impact of the EU accession process to the organizational culture of the companies operating in the transition countries" in Zbornik Radova Ekonomskog fakulteta u Rijeci-Proceedings of Rijeka Faculty of Economics, 30, no. 2 (2012):295-319,
conv_786 .

TY  - JOUR
AU  - Anđelić, Goran
AU  - Đaković, Vladimir
PY  - 2012
UR  - https://redun.educons.edu.rs/handle/123456789/151
AB  - This paper tests and analyses the interdependence of financial markets in the transition economies of Serbia, Hungary, Croatia and Slovenia, as well as the similarity of these markets with the US financial market. The source of information is the data obtained from the financial markets of these countries in the form of stock-market indices for the period 05.10.2005-30.09.2011. The main hypothesis to be tested in the work is the assumption that there is a significant level of similarity between these financial markets. The methodology used in the study includes statistical methods of sampling and factor analysis. The research results confirm the hypothesis, which was tested in the work, that there are significant levels of similarity between the financial markets of transition economies, both among each other and with the US market.
PB  - BUDAPEST TECH, BUDAPEST
T2  - Acta Polytechnica Hungarica
T1  - Financial Market Co-Movement between Transition Economies: A Case Study of Serbia, Hungary, Croatia and Slovenia
EP  - 134
IS  - 3
SP  - 115
VL  - 9
UR  - conv_774
ER  - 

@article{
author = "Anđelić, Goran and Đaković, Vladimir",
year = "2012",
abstract = "This paper tests and analyses the interdependence of financial markets in the transition economies of Serbia, Hungary, Croatia and Slovenia, as well as the similarity of these markets with the US financial market. The source of information is the data obtained from the financial markets of these countries in the form of stock-market indices for the period 05.10.2005-30.09.2011. The main hypothesis to be tested in the work is the assumption that there is a significant level of similarity between these financial markets. The methodology used in the study includes statistical methods of sampling and factor analysis. The research results confirm the hypothesis, which was tested in the work, that there are significant levels of similarity between the financial markets of transition economies, both among each other and with the US market.",
publisher = "BUDAPEST TECH, BUDAPEST",
journal = "Acta Polytechnica Hungarica",
title = "Financial Market Co-Movement between Transition Economies: A Case Study of Serbia, Hungary, Croatia and Slovenia",
pages = "134-115",
number = "3",
volume = "9",
url = "conv_774"
}

Anđelić, G.,& Đaković, V.. (2012). Financial Market Co-Movement between Transition Economies: A Case Study of Serbia, Hungary, Croatia and Slovenia. in Acta Polytechnica Hungarica
BUDAPEST TECH, BUDAPEST., 9(3), 115-134.
conv_774

Anđelić G, Đaković V. Financial Market Co-Movement between Transition Economies: A Case Study of Serbia, Hungary, Croatia and Slovenia. in Acta Polytechnica Hungarica. 2012;9(3):115-134.
conv_774 .

Anđelić, Goran, Đaković, Vladimir, "Financial Market Co-Movement between Transition Economies: A Case Study of Serbia, Hungary, Croatia and Slovenia" in Acta Polytechnica Hungarica, 9, no. 3 (2012):115-134,
conv_774 .