id sid eid entity type issue-346 1 1 baltic journal of economic studies ORG issue-346 1 2 163 CARDINAL issue-346 2 1 4 CARDINAL issue-346 2 2 1 CARDINAL issue-346 2 3 2018 DATE issue-346 2 4 1 CARDINAL issue-346 2 5 sumy state university ORG issue-346 3 1 l.zaharkina@finance.sumdu.edu.ua 2 ORG issue-346 3 2 sumy state university ORG issue-346 6 1 the ministry of education ORG issue-346 7 1 ukrainian NORP issue-346 7 2 zakharkina1 PERSON issue-346 7 3 2 sumy PERCENT issue-346 7 4 state university ORG issue-346 7 5 ukraine GPE issue-346 9 1 ukrainian NORP issue-346 10 1 ukrainian NORP issue-346 13 1 ukrainian NORP issue-346 13 2 ukrainian NORP issue-346 13 3 ukrainian NORP issue-346 17 1 ukrainian NORP issue-346 20 1 ukrainian NORP issue-346 21 1 a month DATE issue-346 22 1 monthly DATE issue-346 22 2 1 till 12 months DATE issue-346 26 1 ukrainian NORP issue-346 27 1 ukrainian NORP issue-346 30 1 g10 ORG issue-346 30 2 g14 1 ORG issue-346 32 1 the 1950s DATE issue-346 32 2 markowitz, 1952 ORG issue-346 32 3 sharpe, 1964 ORG issue-346 32 4 1962 DATE issue-346 32 5 1965 DATE issue-346 32 6 mossin GPE issue-346 32 7 1966 DATE issue-346 32 8 jensen PERSON issue-346 32 9 scholes PERSON issue-346 32 10 1972 DATE issue-346 33 1 164 CARDINAL issue-346 34 1 4 CARDINAL issue-346 34 2 1 CARDINAL issue-346 34 3 2018 DATE issue-346 35 1 ukrainian NORP issue-346 35 2 european NORP issue-346 35 3 2017 DATE issue-346 36 1 annually DATE issue-346 39 1 ukrainian NORP issue-346 39 2 2020 DATE issue-346 39 3 eu ORG issue-346 40 1 ukrainian NORP issue-346 41 1 ukrainian NORP issue-346 42 1 2 CARDINAL issue-346 42 2 the 1970s DATE issue-346 42 3 jensen PERSON issue-346 42 4 scholes PERSON issue-346 42 5 1972 DATE issue-346 42 6 fama ORG issue-346 42 7 french NORP issue-346 42 8 1992 DATE issue-346 44 1 1977 DATE issue-346 47 1 1971 DATE issue-346 47 2 blume PERSON issue-346 47 3 1975 DATE issue-346 47 4 scholes PERSON issue-346 47 5 williams 1977 PERSON issue-346 53 1 1973 DATE issue-346 53 2 harvey, 1989 ORG issue-346 53 3 robertson PERSON issue-346 53 4 wright PERSON issue-346 53 5 1998 DATE issue-346 53 6 ibbotson ORG issue-346 53 7 chen PERSON issue-346 53 8 2002 DATE issue-346 53 9 gibson PERSON issue-346 53 10 2013 DATE issue-346 54 1 american NORP issue-346 54 2 treasury ORG issue-346 55 1 russian NORP issue-346 55 2 2014 DATE issue-346 55 3 2015 DATE issue-346 55 4 2016 DATE issue-346 55 5 russian NORP issue-346 55 6 ukrainian NORP issue-346 56 1 ukrainian NORP issue-346 56 2 2010 DATE issue-346 56 3 2014 DATE issue-346 56 4 2005 DATE issue-346 56 5 lukianenko PERSON issue-346 56 6 2007 DATE issue-346 57 1 ukrainian NORP issue-346 58 1 first ORDINAL issue-346 59 1 baltic journal of economic ORG issue-346 59 2 165 CARDINAL issue-346 60 1 4 CARDINAL issue-346 60 2 1, 2018 3 DATE issue-346 60 3 ukrainian NORP issue-346 61 1 1964 DATE issue-346 61 2 rrrr β⋅−+= ORG issue-346 62 1 1 CARDINAL issue-346 62 2 mertens, 1997 DATE issue-346 68 1 sovremennye modifikacii PERSON issue-346 68 2 2 CARDINAL issue-346 68 3 2 CARDINAL issue-346 68 4 ri GPE issue-346 68 5 2 CARDINAL issue-346 70 1 ukrainian NORP issue-346 70 2 ukrainian NORP issue-346 70 3 ukrainian NORP issue-346 71 1 ukrainian NORP issue-346 72 1 five-year DATE issue-346 72 2 1 january DATE issue-346 72 3 31 DATE issue-346 72 4 2016 DATE issue-346 73 1 1 CARDINAL issue-346 73 2 2 … 12 months DATE issue-346 74 1 1 month DATE issue-346 75 1 2014 DATE issue-346 75 2 2016 DATE issue-346 76 1 100 CARDINAL issue-346 78 1 3 CARDINAL issue-346 79 1 months DATE issue-346 81 1 1,0527x + 0,0138 DATE issue-346 81 2 0,5199 -40,00% PERCENT issue-346 81 3 0,00% PERCENT issue-346 81 4 10,00% PERCENT issue-346 81 5 20,00% PERCENT issue-346 81 6 30,00% PERCENT issue-346 81 7 40,00% PERCENT issue-346 81 8 0,00% PERCENT issue-346 81 9 10,00% PERCENT issue-346 81 10 20,00% PERCENT issue-346 82 1 1 CARDINAL issue-346 82 2 the public jsc raiffeisen bank ORG issue-346 82 3 2012–2016 CARDINAL issue-346 82 4 166 CARDINAL issue-346 83 1 4 CARDINAL issue-346 83 2 1 CARDINAL issue-346 83 3 2018 DATE issue-346 84 1 1 CARDINAL issue-346 85 1 1,0527 CARDINAL issue-346 86 1 10 CARDINAL issue-346 86 2 ukrainian NORP issue-346 87 1 1 CARDINAL issue-346 88 1 ukrainian NORP issue-346 88 2 ukrainian NORP issue-346 88 3 1 CARDINAL issue-346 88 4 2017 DATE issue-346 89 1 14% PERCENT issue-346 89 2 annually DATE issue-346 89 3 2017 DATE issue-346 89 4 1.17% PERCENT issue-346 89 5 monthly DATE issue-346 90 1 1 CARDINAL issue-346 91 1 2017 DATE issue-346 91 2 monthly DATE issue-346 92 1 2 CARDINAL issue-346 93 1 1 CARDINAL issue-346 93 2 ukrainian NORP issue-346 93 3 2017 DATE issue-346 93 4 1 till 12 months DATE issue-346 94 1 3 CARDINAL issue-346 95 1 1 CARDINAL issue-346 95 2 ukrainian NORP issue-346 95 3 2012–2016 CARDINAL issue-346 95 4 1 CARDINAL issue-346 95 5 m. 2 m. 3 m. 4 m. 5 m. 6 m. 7 m. 8 m. 9 m. 10 PERSON issue-346 95 6 11 CARDINAL issue-346 95 7 m. 12 m. pjsc raiffeisen bank PERSON issue-346 96 1 1,32 CARDINAL issue-346 96 2 1,42 1,49 DATE issue-346 96 3 1,54 CARDINAL issue-346 96 4 1,60 CARDINAL issue-346 96 5 1,74 1,84 DATE issue-346 96 6 pjsc PERSON issue-346 96 7 0,72 0,50 0,41 ORG issue-346 99 1 pjsc PERSON issue-346 99 2 ” 0,38 0,64 0,64 0,61 MONEY issue-346 101 1 pjsc PERSON issue-346 103 1 1,75 2,25 CARDINAL issue-346 103 2 2,59 CARDINAL issue-346 103 3 pjsc ORG issue-346 103 4 dtek dneproenergo PERSON issue-346 105 1 pjsc PERSON issue-346 105 2 1,14 1,22 1,19 DATE issue-346 105 3 1,15 CARDINAL issue-346 105 4 1,13 1,15 1,13 1,11 DATE issue-346 105 5 1,01 CARDINAL issue-346 105 6 pjsc GPE issue-346 110 1 1,54 1,62 1,64 QUANTITY issue-346 111 1 1,70 CARDINAL issue-346 112 1 1,72 1,63 DATE issue-346 112 2 1,47 CARDINAL issue-346 112 3 pjsc ORG issue-346 117 1 bogdan motors ORG issue-346 117 2 1,51 1,67 DATE issue-346 117 3 1,75 CARDINAL issue-346 119 1 2 CARDINAL issue-346 119 2 monthly DATE issue-346 119 3 ukrainian NORP issue-346 119 4 2017 CARDINAL issue-346 119 5 1 CARDINAL issue-346 119 6 m. 2 m. 3 m. 4 m. 5 m. 6 m. 7 m. 8 m. 9 m. 10 PERSON issue-346 119 7 11 CARDINAL issue-346 119 8 m. 12 m. 4,61 PERSON issue-346 120 1 4,03 CARDINAL issue-346 122 1 4,42 CARDINAL issue-346 122 2 4,91 DATE issue-346 123 1 3 CARDINAL issue-346 123 2 monthly DATE issue-346 123 3 ukrainian NORP issue-346 123 4 2017 DATE issue-346 123 5 1 CARDINAL issue-346 123 6 m. 2 m. 3 m. 4 m. 5 m. 6 m. 7 m. 8 m. 9 m. 10 PERSON issue-346 123 7 11 CARDINAL issue-346 123 8 m. 12 m. pjsc raiffeisen bank PERSON issue-346 123 9 aval ri PRODUCT issue-346 126 1 7,54 6,99 DATE issue-346 127 1 7,90 8,61 PERCENT issue-346 127 2 9,95 αі QUANTITY issue-346 128 1 pjsc GPE issue-346 128 2 2,83 2,48 2,27 QUANTITY issue-346 128 3 2,42 MONEY issue-346 130 1 3,43 CARDINAL issue-346 130 2 2,95 CARDINAL issue-346 130 3 2,75 TIME issue-346 130 4 1,04 0,67 CARDINAL issue-346 131 1 0,15 CARDINAL issue-346 134 1 0,11 CARDINAL issue-346 135 1 167 CARDINAL issue-346 135 2 4 CARDINAL issue-346 135 3 1 CARDINAL issue-346 135 4 2018 DATE issue-346 135 5 mertens, 1997 DATE issue-346 136 1 4. CARDINAL issue-346 136 2 ukrainian NORP issue-346 138 1 ukrainian NORP issue-346 138 2 dtek dniproenergo WORK_OF_ART issue-346 140 1 ukrainian NORP issue-346 142 1 ukrainian NORP issue-346 142 2 ukrainian NORP issue-346 143 1 pjsc PERSON issue-346 144 1 2,90 CARDINAL issue-346 144 2 3,06 CARDINAL issue-346 144 3 2,76 CARDINAL issue-346 146 1 1,10 CARDINAL issue-346 149 1 pjsc PERSON issue-346 149 2 ri GPE issue-346 150 1 3,43 CARDINAL issue-346 150 2 4,65 4,90 6,86 PERCENT issue-346 152 1 30,36 27,00 QUANTITY issue-346 153 1 13,01 CARDINAL issue-346 153 2 15,01 16,58 15,51 17,65 18,95 18,96 DATE issue-346 153 3 10,90 10,47 CARDINAL issue-346 153 4 pjsc PERSON issue-346 153 5 dtek dneproenergo PERSON issue-346 153 6 3,45 4,28 CARDINAL issue-346 154 1 3,74 CARDINAL issue-346 156 1 21,32 25,64 28,77 QUANTITY issue-346 156 2 24,54 CARDINAL issue-346 156 3 11,62 CARDINAL issue-346 156 4 21,90 CARDINAL issue-346 156 5 24,33 CARDINAL issue-346 156 6 18,52 CARDINAL issue-346 156 7 15,92 8,79 6,29 DATE issue-346 163 1 1,86 αі QUANTITY issue-346 164 1 pjsc PERSON issue-346 165 1 3,45 3,71 CARDINAL issue-346 171 1 2,01 2,11 2,04 CARDINAL issue-346 171 2 2,90 CARDINAL issue-346 171 3 3,00 3,20 PERCENT issue-346 172 1 4,54 CARDINAL issue-346 172 2 pjsc ORG issue-346 172 3 ukrnafta” ri 5,87 WORK_OF_ART issue-346 173 1 6,32 CARDINAL issue-346 173 2 6,93 CARDINAL issue-346 173 3 2,99 2,32 CARDINAL issue-346 174 1 2,66 CARDINAL issue-346 174 2 2,74 CARDINAL issue-346 174 3 2,29 CARDINAL issue-346 177 1 pjsc PERSON issue-346 179 1 3,12 3,41 3,52 3,62 QUANTITY issue-346 183 1 bogdan motors ORG issue-346 183 2 ri GPE issue-346 185 1 6,08 5,65 5,63 PERCENT issue-346 187 1 1,08 CARDINAL issue-346 192 1 3 CARDINAL issue-346 193 1 1952 DATE issue-346 195 1 7(1 DATE issue-346 195 2 77 CARDINAL issue-346 195 3 https://www.math.ust.hk/~maykwok/courses/ma362/07f/markowitz_jf.pdf ORG issue-346 195 4 eng GPE issue-346 196 1 sharpe PERSON issue-346 196 2 w. f. ( PERSON issue-346 196 3 1964 DATE issue-346 198 1 19 CARDINAL issue-346 198 2 425 CARDINAL issue-346 199 1 eng GPE issue-346 199 2 treynor GPE issue-346 199 3 j. l. PERSON issue-346 199 4 1962 DATE issue-346 201 1 1999 DATE issue-346 202 1 robert a. korajczyk PERSON issue-346 202 2 london GPE issue-346 203 1 15-22 CARDINAL issue-346 204 1 eng GPE issue-346 204 2 j. PERSON issue-346 204 3 1965 DATE issue-346 206 1 47(1),13 CARDINAL issue-346 207 1 eng GPE issue-346 207 2 j. (1966 GPE issue-346 209 1 econometrica PERSON issue-346 209 2 34(4 CARDINAL issue-346 209 3 768-783 CARDINAL issue-346 210 1 eng GPE issue-346 210 2 baltic journal of economic ORG issue-346 210 3 168 CARDINAL issue-346 211 1 4 CARDINAL issue-346 211 2 1 CARDINAL issue-346 211 3 2018 DATE issue-346 211 4 jensen PERSON issue-346 211 5 m.c. GPE issue-346 211 6 & scholes ORG issue-346 211 7 m. PERSON issue-346 211 8 1972 DATE issue-346 214 1 new york GPE issue-346 214 2 praeger publishers inc. ORG issue-346 214 3 54 DATE issue-346 215 1 13 CARDINAL issue-346 215 2 eng GPE issue-346 216 1 2017 CARDINAL issue-346 218 1 167(9-10 DATE issue-346 218 2 49 CARDINAL issue-346 219 1 eng GPE issue-346 220 1 kompleksna prohrama rozvytku finansovoho ORG issue-346 220 2 2020 DATE issue-346 221 1 ukrainian NORP issue-346 221 2 2020 DATE issue-346 222 1 2015 CARDINAL issue-346 222 2 the national bank of ukraine ORG issue-346 222 3 16 jan 2018 DATE issue-346 222 4 № 28 CARDINAL issue-346 223 1 ukrainian NORP issue-346 223 2 fama GPE issue-346 223 3 e.f. GPE issue-346 223 4 k. r. PERSON issue-346 223 5 1992 DATE issue-346 225 1 47(2 CARDINAL issue-346 225 2 427-65 DATE issue-346 225 3 eng GPE issue-346 226 1 r. NORP issue-346 226 2 1977 DATE issue-346 229 1 financial economics ORG issue-346 229 2 4(2 CARDINAL issue-346 229 3 129 CARDINAL issue-346 230 1 eng GPE issue-346 230 2 r.a. PERSON issue-346 230 3 1971 DATE issue-346 232 1 27(6 CARDINAL issue-346 232 2 55-61 CARDINAL issue-346 233 1 eng GPE issue-346 234 1 blume PERSON issue-346 234 2 m.e. GPE issue-346 234 3 1975 DATE issue-346 236 1 30(3 CARDINAL issue-346 236 2 785-795 CARDINAL issue-346 236 3 eng GPE issue-346 237 1 scholes PERSON issue-346 237 2 m., & ORG issue-346 237 3 williams j. PERSON issue-346 237 4 1977 DATE issue-346 238 1 nonsynchronous data ORG issue-346 239 1 journal of financial economics ORG issue-346 239 2 5(3 CARDINAL issue-346 239 3 309 CARDINAL issue-346 240 1 1973 DATE issue-346 242 1 bell journal of economics ORG issue-346 242 2 4(1 CARDINAL issue-346 242 3 141–183 CARDINAL issue-346 242 4 eng GPE issue-346 243 1 harvey GPE issue-346 243 2 c.r. GPE issue-346 244 1 1989).time CARDINAL issue-346 245 1 journal of financial economics ORG issue-346 245 2 24(.2 CARDINAL issue-346 245 3 289 CARDINAL issue-346 245 4 eng GPE issue-346 246 1 robertson GPE issue-346 246 2 d. & ORG issue-346 246 3 wright s. PERSON issue-346 246 4 1998 DATE issue-346 248 1 university of cambridge ORG issue-346 248 2 eng GPE issue-346 249 1 ibbotson PERSON issue-346 249 2 r. & chen ORG issue-346 249 3 2002 DATE issue-346 250 1 yale ORG issue-346 250 2 icf PERSON issue-346 250 3 0.00-44 CARDINAL issue-346 251 1 yale school of management ORG issue-346 252 1 https://papers.ssrn.com/sol3/papers ORG issue-346 253 1 cfm?abstract_id=274150 ORG issue-346 253 2 eng GPE issue-346 254 1 gibson PERSON issue-346 254 2 r. PERSON issue-346 254 3 2013 DATE issue-346 255 1 fifth ORDINAL issue-346 256 1 n. y.: PERSON issue-346 256 2 mcgraw-hill ORG issue-346 256 3 eng GPE issue-346 257 1 n. i. PERSON issue-346 257 2 2014 DATE issue-346 258 1 ocenka PERSON issue-346 260 1 s. ju PERSON issue-346 262 1 1 CARDINAL issue-346 262 2 moscow witte university ORG issue-346 263 1 1 CARDINAL issue-346 263 2 2(8 CARDINAL issue-346 263 3 39 CARDINAL issue-346 263 4 russian NORP issue-346 263 5 radygin, a. & chernova ORG issue-346 263 6 2015 DATE issue-346 264 1 dolgosrochnye portfelnye investicii: ORG issue-346 266 1 jekonomiki  ORG issue-346 266 2 ekonomiki ORG issue-346 266 3 10 CARDINAL issue-346 266 4 54 CARDINAL issue-346 266 5 russian NORP issue-346 266 6 a. PERSON issue-346 266 7 2016 CARDINAL issue-346 268 1 russian NORP issue-346 269 1 russian LANGUAGE issue-346 269 2 d. NORP issue-346 269 3 2010 DATE issue-346 270 1 finansovykh instrumentiv za dopomohoiu PERSON issue-346 272 1 zbirnyk naukovykh PERSON issue-346 272 2 cherkaskoho derzhavnoho ORG issue-346 273 1 seriia PERSON issue-346 273 2 ekonomichni nauky PERSON issue-346 274 1 22(2 CARDINAL issue-346 274 2 127-130 CARDINAL issue-346 275 1 ukrainian NORP issue-346 275 2 r. i. PERSON issue-346 275 3 2014 DATE issue-346 276 1 problemy otsinky ryzykovosti emitentiv PERSON issue-346 276 2 na finansovykh PERSON issue-346 277 1 ukraine GPE issue-346 277 2 6 DATE issue-346 277 3 49-62 DATE issue-346 278 1 ukrainian NORP issue-346 278 2 2005 DATE issue-346 281 1 vlasnoho kapitalu ORG issue-346 282 1 ukrainian NORP issue-346 283 1 visnyk kyivskoho PERSON issue-346 283 2 imeni PERSON issue-346 283 3 tarasa WORK_OF_ART issue-346 284 1 seriia PERSON issue-346 284 2 taras shevchenko national university of kyiv ORG issue-346 285 1 74 DATE issue-346 285 2 36–38 CARDINAL issue-346 286 1 ukrainian NORP issue-346 286 2 lukianenko PERSON issue-346 286 3 i. h. PERSON issue-346 286 4 2007 DATE issue-346 287 1 otsinka kapitalnykh aktyviv PERSON issue-346 287 2 u finansovomu menedzhmenti ORG issue-346 289 1 naukovi zapysky naukma PERSON issue-346 290 1 seriia ekonomichni nauky ORG issue-346 290 2 naukma. ORG issue-346 291 1 68 CARDINAL issue-346 291 2 47 CARDINAL issue-346 292 1 ukrainian NORP issue-346 292 2 ukrainian GPE issue-346 292 3 mertens GPE issue-346 292 4 a. v. PERSON issue-346 292 5 1997 DATE issue-346 293 1 kurs lekcij po PERSON issue-346 293 2 finansovoj PERSON issue-346 295 1 kiev PERSON issue-346 295 2 kiev GPE issue-346 295 3 russian LANGUAGE issue-346 297 1 sovremennye modifikacii ORG issue-346 301 1 russian NORP issue-346 301 2 ukrainian NORP issue-346 302 1 ukrainian NORP