Author/Authors
demir, yusuf sivas cumhuriyet üniversitesi - i.i.b.f. - iktisat bölümü, Turkey , terzi, nuray marmara üniversitesi - iktisat fakültesi - iktisat bölümü, Turkey
Title Of Article
THE EFFECT OF COUNTRY RISK ON THE EQUITY RISK PREMIUM IN BRICS-T COUNTRIES
شماره ركورد
45333
Abstract
The country risk is determined by taking into account the variables of economic, financial and political risk. Equity risk premium is defined as additional return in order to absorption of risk due to investing in more variable stocks than bonds and treasury bills. The aim of this study which is based on the importance of equity risk premium both in the country risk and in the investment decisions is to determine the factors which affect the equity risk premium of a country. For this reason, the effect of political, economic and financial risk factors on the equity risk premium of countries was investigated by applying econometric analysis on BRICS-T countries. As a result, it is seen that for the equity risk premium, both according to results of Panel FMOLS and according to results of Panel DOLS the financial risk in BRICS-T countries is more effective.
From Page
887
NaturalLanguageKeyword
Country Risk , Equity Risk Premium , Panel Analysis
JournalTitle
Abant Sosyal Bilimler Dergisi
To Page
910
JournalTitle
Abant Sosyal Bilimler Dergisi
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