THE ESTIMATION OF BETA COEFFICIENT FOR SHARES QUOTED ON THE BELGRADE STOCK EXCHANGE

Abstract

The paper contains an estimate of the Beta coefficient for the shares
listed on the Prime Listing of the Belgrade Stock Exchange. The companies
chosen for analysis are “NIS j.s.c.”, The “Nikola Tesla” Airport, “Energoprojekt
holding” and “Sojaprotein”. The main aim of this paper is to evaluate the Beta
coefficients for the mentioned companies in order to make it easier for investors
to bring investment decisions. During the calculation of Beta coefficients, quite
similar results were obtained, which was later analyzed and presented. One
of the reasons for similar results is that the analysis was based on a single and
incomplete financial market of the Republic of Serbia.