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Calculating the Efficient Frontier for the Portuguese Stock Market

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Abstract

The paper investigates the efficient frontier and capital market line for the Portuguese stock market before and after the Global Financial Crisis. The efficient frontier and capital market line shift to positions that offer investors better opportunities as we move from 2000‐2008 to 2009–2015.

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Notes

  1. Also known as the risky assets efficient frontier or Markowitz efficient frontier.

  2. CMVM (2008) establishes that for the short sales to be allowed, it is necessary that the investor already has some assets, at least of the same value as those selected for short sale. In addition, there is the information obligation.

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Acknowledgements

UECE is financially supported by FCT (Fundação para a Ciência e a Tecnologia), Portugal. Financial support from national funds by FCT (Fundação para a Ciência e a Tecnologia). This article is part of the Strategic Project: UID/ECO/00436/2013.

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Authors and Affiliations

  1. ISEG, Lisbon School of Economics and Management, Universidade de Lisboa, Rua Miguel Lupi, 20, 1249-078, Lisboa, Portugal

    Maria Teresa Medeiros Garcia & Daniel Alexandre Bourdain dos Santos Borrego

  2. UECE (Research Unit on Complexity and Economics), Lisboa, Portugal

    Maria Teresa Medeiros Garcia

Authors
  1. Maria Teresa Medeiros Garcia
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  2. Daniel Alexandre Bourdain dos Santos Borrego
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Correspondence to Maria Teresa Medeiros Garcia.

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Garcia, M.T.M., dos Santos Borrego, D.A.B. Calculating the Efficient Frontier for the Portuguese Stock Market. Int Adv Econ Res 24, 339–349 (2018). https://doi.org/10.1007/s11294-018-9705-9

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  • DOI: https://doi.org/10.1007/s11294-018-9705-9

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