Riesgo-país y tasas de descuento para empresas latinoamericanas

• Autores: Sabal, Jaime, Sarmiento, Aleida
• Formato: artículo
• Fecha de Publicación: 2007
• Institución: Universidad ESAN
• Repositorio: ESAN-Institucional
• Lenguaje: español
• OAI Identifier: oai:repositorio.esan.edu.pe:20.500.12640/2690
• Enlace del recurso: https://revistas.esan.edu.pe/index.php/jefas/article/view/328; https://hdl.handle.net/20.500.12640/2690; https://doi.org/10.46631/jefas.2007.v12n22.05
• Nivel de acceso: acceso abierto
• Materia: Beta; Direct beta; Discount rates in Latin America; Country risk; CAPM; Liquidity and stock market presence; Beta directo; Tasas de descuento en América Latina; Riesgo-país; Liquidez y presencia bursátil; https://purl.org/pe-repo/ocde/ford#5.02.04

This paper identifies the Latin American companies for which the beta calculation is possible and consequently their corporate discount rates with an acceptable degree of confidence. The selection is based on companies whose shares are listed with sufficient liquidity in both local stock markets as well as the New York Stock Exchange. At the time of the sample, 88 companies had qualified for the direct beta calculation. The instability of the liquidity indicators and the market dynamics themselves make it necessary to update the analysis often.