A Practical Approach for Quantifying Country Risk
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Redalyc
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| Natura: | Artículo científico |
| Lingua: | en |
| Pubblicazione: |
Portal Universia S.A.
2008
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| _version_ | 1876449464718196736 |
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| author | Jaime Sabal |
| author_facet | Jaime Sabal |
| contents | A Practical Approach for Quantifying Country Risk Jaime Sabal Economía y Finanzas Valuation Country Risk Discount Rates Capital Budgeting Emerging Markets In most emerging market valuations a “country risk premium” is added to the CAPM discount rate of an equivalent investment in a developed market. However, this is not only a flawed pro - cedure but also it is extremely difficult to gauge how country risk might affect the discount rate. In this paper a practical method is proposed to appraise country risk mainly through its impact on projected cash flows, leaving its possible effect on the discount rate as a secondary consideration. 2008 artículo científico 1988-7116 https://www.redalyc.org/articulo.oa?id=511851319006 en http://www.redalyc.org/revista.oa?id=5118 Journal of Globalization, Competitiveness & Governability / Revista de Globalización, Competitividad y Gobernabilidad / Revista de Globalização, Competitividade e Governabilidade application/pdf Portal Universia S.A. Journal of Globalization, Competitiveness & Governability / Revista de Globalización, Competitividad y Gobernabilidad / Revista de Globalização, Competitividade e Governabilidade (España) Num.3 Vol.2 |
| format | Artículo científico |
| id | redalyc_511851319006 |
| institution | Redalyc |
| language | en |
| publishDate | 2008 |
| publisher | Portal Universia S.A. |
| spellingShingle | A Practical Approach for Quantifying Country Risk Jaime Sabal Economía y Finanzas Valuation Country Risk Discount Rates Capital Budgeting Emerging Markets A Practical Approach for Quantifying Country Risk Jaime Sabal Economía y Finanzas Valuation Country Risk Discount Rates Capital Budgeting Emerging Markets In most emerging market valuations a “country risk premium” is added to the CAPM discount rate of an equivalent investment in a developed market. However, this is not only a flawed pro - cedure but also it is extremely difficult to gauge how country risk might affect the discount rate. In this paper a practical method is proposed to appraise country risk mainly through its impact on projected cash flows, leaving its possible effect on the discount rate as a secondary consideration. 2008 artículo científico 1988-7116 https://www.redalyc.org/articulo.oa?id=511851319006 en http://www.redalyc.org/revista.oa?id=5118 Journal of Globalization, Competitiveness & Governability / Revista de Globalización, Competitividad y Gobernabilidad / Revista de Globalização, Competitividade e Governabilidade application/pdf Portal Universia S.A. Journal of Globalization, Competitiveness & Governability / Revista de Globalización, Competitividad y Gobernabilidad / Revista de Globalização, Competitividade e Governabilidade (España) Num.3 Vol.2 |
| title | A Practical Approach for Quantifying Country Risk |
| topic | Economía y Finanzas Valuation Country Risk Discount Rates Capital Budgeting Emerging Markets |
| url | https://www.redalyc.org/articulo.oa?id=511851319006 |