Emerging Markets Risk
Mostrando 1-12 de 18 artigos, teses e dissertações.
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1. Born Globals’ Risk Perception and Internationalization in Emerging Markets
Resumo Objetivo O objetivo deste artigo é propor um modelo integrador de análise de risco e de fatores que influenciam a propensão e a velocidade do processo de internacionalização das empresas nascidas globais, as chamadas born globals. Referencial teórico A pesquisa tem como base a literatura sobre negócios internacionais, com foco no risco da int
Revista Brasileira de Gestão de Negócios. Publicado em: 2022
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2. Financial indicators, informational environment of emerging markets and stock returns
Abstract Purpose The purpose of this paper is to evaluate the influence of the informational environment on the relevance of accounting information in companies traded in stock exchanges of emerging markets. Design/methodology/approach For this purpose, the authors calculated indicators based on figures derived from the financial statements and variables t
RAUSP Manag. J.. Publicado em: 25/11/2019
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3. Are Country and Size Risks Priced in the Brazilian Stock Market?
Abstract When estimating a firm's cost of equity for valuation and other purposes in emerging markets without (or with only partial) capital market integration, many practitioners include a premium for country risk. In principle, the inclusion of such a risk factor would be justified if the particular country of interest was not sufficiently integrated into
BAR, Braz. Adm. Rev.. Publicado em: 20/04/2017
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4. The Forward- and the Equity-Premium Puzzles: Two Symptoms of the Same Illness?
Using information on US domestic financial data only, we build a stochastic discount factor—SDF— and check whether it accounts for foreign markets stylized facts that escape consumption based models. By interpreting our SDF as the projection of a pricing kernel from a fully specified model in the space of returns, our results indicate that a model that a
Escola de Pós-Graduação em Economia da FGV. Publicado em: 24/04/2012
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5. Determinants for political risk insurance of direct investments in emerging markets
Esta dissertação analisa os principais determinantes para investidores contratarem seguro de proteção de riscos políticos (PRI) para seus investimentos diretos, assim com o racional de sair de um PRI não renovando suas políticas. Esta dissertação contribui para a literatura existente sobre PRI, investigando os principais motivadores para PRI, tais c
Publicado em: 02/03/2012
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6. Arbitrage pricing theory in international markets / Teoria de apreçamento arbitragem aplicada a mercados internacionais
This dissertation studies the impact of multiple pre-specified sources of risk in the return of three non-overlapping groups of countries, through an Arbitrage Pricing Theory (APT) model. The groups are composed of emerging and developed markets. Emerging markets have become important players in the world economy, especially as capital receptors, but they we
IBICT - Instituto Brasileiro de Informação em Ciência e Tecnologia. Publicado em: 05/09/2011
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7. A crise norte-americana do subprime: medindo o contágio para os BRICS / The North-American subprime crisis: measuring contagion to the BRICs
Uma característica marcante da recente crise financeira que ocorreu entre 2007 e 2009, conhecida como \"A Crise do Subprime\", foi quão rapidamente se propagou por todo o mundo. Entretanto, a maior parte da evidência empírica até o presente momento mostra que no início da crise (jun/07 - ago/08) a resposta das economias emergentes foi limitada. Este tr
IBICT - Instituto Brasileiro de Informação em Ciência e Tecnologia. Publicado em: 15/08/2011
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8. Essays on regulatory risk issues
Most studies around that try to verify the existence of regulatory risk look mainly at developed countries. Looking at regulatory risk in emerging market regulated sectors is no less important to improving and increasing investment in those markets. This thesis comprises three papers comprising regulatory risk issues. In the first Paper I check whether CAPM
Publicado em: 06/07/2010
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9. Analysis of sovereign spreads sensitivity: another channel for domestic factors influence? / Análise da sensibilidade dos spreads soberanos: um canal indireto de influência de fatores domésticos?
This paper aims to analize the sensitivity of sovereign spreads to changes in the external environment. The object is to demonstrate that spread sensitivity varies among emerging markets and that part of the differences observed could be traced to discrepancies in their respective domestic fundamentals, which establish an indirect influence channel of fundam
Publicado em: 2007
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10. Essays in Corporate Risk Management
This research investigates the factors that lead Latin American non-financial firms to manage risks using derivatives. The main focus is on currency risk management. With this purpose, this thesis is divided into an introduction and two main chapters, which have been written as stand-alone papers. The first paper describes the results of a survey on derivati
Publicado em: 18/12/2006
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11. The contagion effect of public debt on monetary policy: the Brazilian experience
This paper attempts to explain why the Brazilian inter-bank interest rate is so high compared with rates practiced by other emerging economies. The interplay between the markets for bank reserves and government securities feeds into the inter-bank rate the risk premium of the Brazilian public debt.
Brazilian Journal of Political Economy. Publicado em: 2006-06
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12. Cost of equity determination in emerging markets / Determinação do custo do capital próprio em mercados emergentes
The objective of this paper is to investigate if the Brazilian stock market is partially or totally integrated to other emerging markets. In order to do so, we tested if the following CAPM models are adequate to price stocks: local CAPM, integrated or partially integrated. Our sample includes only the more liquidity stocks of companies with ADR, because thes
Publicado em: 2006