THE EVALUATION OF INVESTMENT FUND PERFORMANCE WITH COMBINED SYSTEM OF BALANCED SCORECARD ANALYSIS AND ANALYTICAL NETWORK PROCESS

• Published in: Metalurgia international (Bucharest, Romania) Vol. 18; no. 1; p. 108
• Main Authors: Jaksic, Milena, Memovic, Predrag, Domanovic, Violeta
• Format: Journal Article
• Language: English
• Published: Bucharest Fundatia Metalurgia Romana F.M.R 01.01.2013
• Subjects: Balancing; Domestic; Financing; Investment; Management; Mathematical analysis; Networks; Raw materials
• ISSN: 1582-2214

The performance measuring of financial institutions provides the basis for understanding the efficiency of the financial system. Therefore, the modern financial environment imposes the need for constant finding and defining new concepts and models of performance measurement in order to improve the quality of the financial sector and as well as the real sector of any market-oriented economy. Crisis events in financial markets, followed by the problems faced by financial institutions due to, primarily, the decline in stock values, require a review of the set models and management approaches in managing of financial assets. Modern management aims to develop a wide range of models that will allow construction of a portfolio of securities that will manage the achievement of stable returns in the medium and long term. In this regard, the work will integrate the Balanced Scorecard model and Analytic network process in the case of selected financial institutions in Serbia. The subject of analysis will be openended investment funds of property value growth. The reasons which led the authors in selecting these non-deposit financial institutions are first of all, their importance for the development of overall financial and real sector, as well as weak domestic portfolio management practices of these institutions, which resulted in the extremely high yield decline in the last four years.