Stanković, Jelena Z.; Petrović, Evica - In: Journal of contemporary economic and business issues 5 (2018) 1, pp. 5-23
related to less liquid financial assets from emerging markets. Since investment decisions are based on risk preferences and … investors are commonly risk averse, they tend to limit their risk exposure while defining their investment strategy. Various … risk measures can be used to estimate the level of risk. Value at Risk (VaR) is a widely accepted summary measure of market …
