Imagen del editor
Imagen no disponible

Understanding Frontier Markets through the African KINGs (Paperback)

Belgrad Kenne

ISBN 10: 3330650346 / ISBN 13: 9783330650343
Editorial: SPS, Germany, 2017
Nuevos Condición: New Encuadernación de tapa blanda
Librería: The Book Depository EURO (London, Reino Unido)

Librería en AbeBooks desde: 29 de abril de 2014 Valoración librería Valoración 3 estrellas

Cantidad disponible: 1

Comprar nuevo
Precio: EUR 101,85 Convertir moneda
Gastos de envío: EUR 3,52 De Reino Unido a Estados Unidos de America Destinos, gastos y plazos de envío
Añadir al carrito

Descripción

Language: English. Brand new Book. Several asset-pricing models have attempted to explain the cross sectional variation in asset prices notably index models and multi factors models. Although much evidence has established the diversification benefits and risk?return tradeoff in Frontier Markets, little has been done on the factors driving returns in these markets. After giving a comprehensive definition of Frontier Markets, this work explores risk factors in African Frontier Equity Markets and subsequently proposes a 3?factors cost of equity model with implications for investment strategies and risk management. A sample of 4 African equity markets (Kenya, Ivory Coast, Nigeria, Ghana) coined as the African KINGs was used to decompose Frontier Markets risks factors and therefore identify elements of equity risk premium over and above the risk free rate. By combining quantitative and qualitative analyses we find that equity risk in Frontier Markets is a function of Macro, Market and Micro factors driving returns. These "3-Ms" form the basis of the proposed 3-factors cost of equity model that can be an alternative to the limited CAPM framework currently used in Frontier Markets. N° de ref. de la librería KNV9783330650343

Hacer una pregunta a la librería

Detalles bibliográficos

Título: Understanding Frontier Markets through the ...

Editorial: SPS, Germany

Año de publicación: 2017

Encuadernación: Paperback

Condición del libro: New

Edición: Aufl.

Acerca de

Reseña del editor:

Several asset-­pricing models have attempted to explain the cross sectional variation in asset prices notably index models and multi factors models. Although much evidence has established the diversification benefits and risk-return tradeoff in Frontier Markets, little has been done on the factors driving returns in these markets. After giving a comprehensive definition of Frontier Markets, this work explores risk factors in African Frontier Equity Markets and subsequently proposes a 3-factors cost of equity model with implications for investment strategies and risk management. A sample of 4 African equity markets (Kenya, Ivory Coast, Nigeria, Ghana) coined as the African KINGs was used to decompose Frontier Markets risks factors and therefore identify elements of equity risk premium over and above the risk free rate. By combining quantitative and qualitative analyses we find that equity risk in Frontier Markets is a function of Macro, Market and Micro factors driving returns. These "3-Ms" form the basis of the proposed 3-factors cost of equity model that can be an alternative to the limited CAPM framework currently used in Frontier Markets.

"Sobre este título" puede pertenecer a otra edición de este libro.

Descripción de la librería

The Book Depository - bookdepository.com - is the UK's largest dedicated online bookseller offering the largest range of titles in the world, available for dispatch within 48 hours. Founded in 2004 to make 'All Books To All' we focus on selling 'less of more' rather than 'more of less', differentiating ourself from other retailers who increasingly focus on bestsellers. All books available to All Currently, The Book Depository is able to ship over 4 million unique titles, within 48 hours, from our fulfillment centre in Gloucester, United Kingdom. This figure is increasing everyday. Apart from publishers, distributors and wholesalers, we even list and supply books from other retailers!

Ver la página web de la librería

Condiciones de venta:

All books are shipped in New condition promptly, we are
happy to accept returns up to 30 days from purchase. Orders
usually ship within 1-2 business days. Domestic Shipments
are sent by Royal Mail, and International by Priority
Airmail. We are happy to accept returns up to 30 days from
purchase.

¿ Name of business : The Book Depository Ltd
¿ Form of legal entity : A Limited Company
¿ Business address: The Book Depository, Thames Central, Hatfield Road,
Slough, Berkshire, SL1 1QE
¿ Email address:...

Más información
Condiciones de envío:

Orders usually ship within 1-2 business days. Domestic Shipments are sent by Royal
Mail, and International by Priority Airmail. Orders usually ship within 1-2
business days. Domestic Shipments are sent by Royal Mail, and International by
Priority Airmail. We are happy to accept returns up to 30 days from purchase.
Please contact the seller directly if you wish to return an order.

Todos los libros de esta librería

Métodos de pago
aceptados por la librería

Visa Mastercard American Express Carte Bleue