Naumoski, Aleksandar - In: Financial Theory and Practice 36 (2012) 4, pp. 413-434
cost of capital invested in emerging markets. In general, it can be concluded that it is widely accepted that country risk … investments. Country risk is non-diversifiable, which will be argued in this paper first, after which an alternative approach will … be provided for quantification of country risk in the risk premium measure, which is integral component in the models for …