... Por un lado, la inflación tiene claramente consecuencias graves(y percibidas como tales) en e... more ... Por un lado, la inflación tiene claramente consecuencias graves(y percibidas como tales) en el comportamiento económico; por otro lado, el hecho de que ciertos países atraviesen largos periodos de fuerte volatilidad de precios y experimenten dificultades apreciables para ...
... Por un lado, la inflación tiene claramente consecuencias graves(y percibidas como tales) en e... more ... Por un lado, la inflación tiene claramente consecuencias graves(y percibidas como tales) en el comportamiento económico; por otro lado, el hecho de que ciertos países atraviesen largos periodos de fuerte volatilidad de precios y experimenten dificultades apreciables para ...
Journal of Multinational Financial Management, 2014
ABSTRACT We test whether the country risk variable is a significant risk factor in several CAPM b... more ABSTRACT We test whether the country risk variable is a significant risk factor in several CAPM based models of expected equity returns in Argentina, Brazil, Russia, Mexico, Turkey, South Africa and Venezuela. We also test the usual assumption that country risk can be added with a coefficient value of one. Only in Brazil and Mexico the risk premium associated with the country risk factor is significant. Adding country risk with a coefficient value of one is not generally valid and moreover, in Brazil and Mexico the risk premium for country risk takes a negative value. This shows that international investors may look for exposure to country risk.
We test whether the country risk variable is a significant risk factor in several CAPM based mode... more We test whether the country risk variable is a significant risk factor in several CAPM based models of expected equity returns in Argentina, Brazil, Mexico, South Africa, Russia, Turkey and Venezuela. We also test the usual assumption that country risk can be added with a coefficient value of one. Only in Brazil and Mexico the risk premium associated with the country risk factor is significant. Adding country risk with a coefficient value of one is not generally valid and moreover, in Brazil and Mexico the risk premium for country risk takes a negative value. This shows that international investors may look for exposure to country risk.
... Por un lado, la inflación tiene claramente consecuencias graves(y percibidas como tales) en e... more ... Por un lado, la inflación tiene claramente consecuencias graves(y percibidas como tales) en el comportamiento económico; por otro lado, el hecho de que ciertos países atraviesen largos periodos de fuerte volatilidad de precios y experimenten dificultades apreciables para ...
... Por un lado, la inflación tiene claramente consecuencias graves(y percibidas como tales) en e... more ... Por un lado, la inflación tiene claramente consecuencias graves(y percibidas como tales) en el comportamiento económico; por otro lado, el hecho de que ciertos países atraviesen largos periodos de fuerte volatilidad de precios y experimenten dificultades apreciables para ...
Journal of Multinational Financial Management, 2014
ABSTRACT We test whether the country risk variable is a significant risk factor in several CAPM b... more ABSTRACT We test whether the country risk variable is a significant risk factor in several CAPM based models of expected equity returns in Argentina, Brazil, Russia, Mexico, Turkey, South Africa and Venezuela. We also test the usual assumption that country risk can be added with a coefficient value of one. Only in Brazil and Mexico the risk premium associated with the country risk factor is significant. Adding country risk with a coefficient value of one is not generally valid and moreover, in Brazil and Mexico the risk premium for country risk takes a negative value. This shows that international investors may look for exposure to country risk.
We test whether the country risk variable is a significant risk factor in several CAPM based mode... more We test whether the country risk variable is a significant risk factor in several CAPM based models of expected equity returns in Argentina, Brazil, Mexico, South Africa, Russia, Turkey and Venezuela. We also test the usual assumption that country risk can be added with a coefficient value of one. Only in Brazil and Mexico the risk premium associated with the country risk factor is significant. Adding country risk with a coefficient value of one is not generally valid and moreover, in Brazil and Mexico the risk premium for country risk takes a negative value. This shows that international investors may look for exposure to country risk.
Uploads
Papers by Ignacio Warnes