Efficiency of selected small and medium-sized enterprises’ funds in 2010-2014

Abstract

The aim of this article is to estimate funds of small and medium-sized enterprises’s performances over the period 2010–2014. The analysis uses the following indicators and risk measures: the return rate, standard deviation, beta ratio and also risk-adjusted measure – Treynor ratio. A thesis was postulated that funds of small and medium-sized enterprises were not effectively managed. In the curse of the study, the above statement was partly proved correct. The efficiency of funds as well as investment’s risk were diversified among individual fund and analyzed years.