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Country Risk Adjustments to Market Multiples-Based Valuation in Emerging Markets: Empirical Study for Russia

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  • Alex PARKHOMENKO
  • I. IVASHKOVSKAYA
  • I. KUZNETSOV

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  • Alex PARKHOMENKO & I. IVASHKOVSKAYA & I. KUZNETSOV, 2008. "Country Risk Adjustments to Market Multiples-Based Valuation in Emerging Markets: Empirical Study for Russia," EcoMod2008 23800103, EcoMod.
    • Handle: RePEc:ekd:000238:23800103
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    References listed on IDEAS

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    1. Nikbakht, Ehsan & Polat, Celaleddin, 1998. "A global perspective of P/E ratio determinants: The case of ADRs," Global Finance Journal, Elsevier, vol. 9(2), pages 253-267.
    2. Goriaev, Alexei & Zabotkin, Alexei, 2006. "Risks of investing in the Russian stock market: Lessons of the first decade," Emerging Markets Review, Elsevier, vol. 7(4), pages 380-397, December.
    3. Saleem, Kashif & Vaihekoski, Mika, 2010. "Time-varying global and local sources of market and currency risks in Russian stock market," International Review of Economics & Finance, Elsevier, vol. 19(4), pages 686-697, October.
    4. Ramcharran, Harri, 2002. "An empirical analysis of the determinants of the P/E ratio in emerging markets," Emerging Markets Review, Elsevier, vol. 3(2), pages 165-178, June.
    5. Alford, Aw, 1992. "The Effect Of The Set Of Comparable Firms On The Accuracy Of The Price Earnings Valuation Method," Journal of Accounting Research, Wiley Blackwell, vol. 30(1), pages 94-108.
    6. Kim, Moonchul & Ritter, Jay R., 1999. "Valuing IPOs," Journal of Financial Economics, Elsevier, vol. 53(3), pages 409-437, September.
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