Home  Journals  Finance and Credit  24(360) – 2009 June

Reflection of country risks in the company value estimation methodology at the developing markets

Available online: 16 September 2009

Subject Heading: Country risks

JEL Classification: 

Despite the epoch of the global integration of capital markets, there exist empirically significant country differences between the developed and developing countries. All other things equal, the increased required return on capital at developing markets resulting from presence of country risks leads to understated values of their multipliers. The articles assesses one of neutralization mechanisms for this type of risk, when evaluating companies from developing markets using their western analogues.

Keywords: markets, country risks, capital, multipliers, evaluation, value

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ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

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