Beta, as measured by the Capital Asset Pricing Model (CAPM), is widely used for pricing stocks, determining the cost of capital, and gauging the extent to which markets are integrated. The CAPM model assumes that equilibrium conditions prevail. The choice of which market portfolio to use in the...

SUBJECT AREAS: valuation, investment analysis, portfolio management, country analysis, emerging markets, development economics.This paper gives an overview of research and practice issues in the valuation of assets in emerging markets. It introduces a special edition in Emerging Markets Review...

SUBJECT AREAS: valuation, investment analysis, portfolio management, country analysis, emerging markets, development economics.This collection of two CD-ROMs presents interviews with leading scholars and practitioners on the subject of valuing assets in emerging markets. Featured interviews...

SUBJECT AREAS: valuation, investment analysis, portfolio management, country analysis, emerging markets, development economics.This CD-ROM contains an edited interview with Mark Mobius, one of the best-known asset managers specializing in emerging markets equities. His early advocacy of emerging...