Riesgo-país y tasas de descuento para empresas latinoamericanas

Descripción del Articulo

This paper identifi es the Latin American companies for which the beta calculation is possible and consequently their corporate discount rates with an acceptable degree of confi dence. The selection is based on companies whose shares are listed with suffi cient liquidity in both local stock markets...

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Detalles Bibliográficos
Autores: Sabal, Jaime, Sarmiento, Aleida
Formato: artículo
Fecha de Publicación:2007
Institución:Universidad ESAN
Repositorio:Revistas - Universidad ESAN
Lenguaje:inglés
OAI Identifier:oai:ojs.pkp.sfu.ca:article/328
Enlace del recurso:https://revistas.esan.edu.pe/index.php/jefas/article/view/328
Nivel de acceso:acceso abierto
Materia:beta
direct beta
discount rates in Latin America
country risk
CAPM
liquidity and stock market presence
Descripción
Sumario:This paper identifi es the Latin American companies for which the beta calculation is possible and consequently their corporate discount rates with an acceptable degree of confi dence. The selection is based on companies whose shares are listed with suffi cient liquidity in both local stock markets as well as the New York Stock Exchange. At the time of the sample, 88 companies had qualifi ed for the direct beta calculation. The instability of the liquidity indicators and the market dynamics themselves make it necessary to update the analysis often.
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