Country risk, country risk indices and valuation of FDI: A real options approach

Emerging Markets Review

Volumn 2, Issue 3, 2001, Pages 197-217

  Nordal, Kjell B ^a  

^a Institute for Research in Economics and Business Administration   (Norway)

Author keywords

Country risk; G12; G31; G38; Investments; Political risk; Real options

Indexed keywords

EID: 0041331726     PISSN: 15660141     EISSN: None     Source Type: Journal    
DOI: 10.1016/S1566-0141(01)00017-6     Document Type: Article

References (17)

1. Amran M., Kulatilaka N. Real Options, Managing Strategic Investment in an Uncertain World. 1999;Harvard Business School Press.
2. Black F., Scholes M. The pricing of options and corporate liabilities. J. Polit. Economy. 81:1973;637-654.
3. Bodie Z., Merton R.C. The information role of asset prices: the case of implied volatility. The Global Financial System: A Functional Perspective. 1995;Harvard Business School Press, Boston, Massachusetts, Chapter six.
4. Calverley J. Country Risk Analysis. 1990;Butterworths.
5. Chermack J.M. Political risk analysis. Past and present. Resour. Policy. September:1992;167-178.
6. Clewlow L., Strickland C. Implementing Derivatives Models. 1998;John Wiley and Sons, West Sussex, England.
7. Coplin W.D., O'Leary M.K. The Handbook of Country and Political Risk Analysis. 1994;Political Risk Services, ISBN 1 85271 302 X.
8. Diamonte R.L., Liew J.M., Stevens R.L. Political risk in emerging and developed markets. Financ. Analysts J. May/June:1996;71-76.
9. Dixit A.K., Pindyck R.S. Investment under Uncertainty. 1994;Princeton University Press, Princeton, NJ.
10. Erb C.B., Harvey C.R., Viskanta T.E. Country risk and global equity selection. J. Portfolio Manage. Winter:1995;74-83.
11. Erb C.B., Harvey C.R., Viskanta T.E. Political risk, economic risk and financial risk. Financ. Analysts J. Nov/Dec:1996;29-46.
12. Greene W.H. Econometrics. 1993;Prentice Hall, Englewood Cliffs, NJ.
13. Ingersoll J.E. Theory of Financial Decision Making. 1987;Rowman and Littlefield Publishers, Inc.
14. Jodice D.A. Political Risk Assessment: An Annoted Bibliography. 1985;Greenwood Press, Westport, CT.
15. Nordal, K.B., 1998. Political Uncertainty: Valuation and Decision Making with a Focus on Oil Investments. Dissertation submitted for the degree of Dr Oecon., Norwegian School of Economics and Business Administration.
16. Root F.R. Analyzing Political Risks in International Business. Kapoor A., Grub P.D. The Multinational Enterprise in Transition. 1972;354-365 Darwin Press, Princeton.
17. Trigeorgis L. Real options. Managerial Flexibility and Strategy in Resource Allocation. 1996;MIT Press, Cambridge.