The goal of this paper is to test empirically whether emerging-market portfolios appear on the meanvariance efficient frontier, investigate whether particular markets provide better diversification benefits, and to ascertain if these relationships are time-invariant. Countries that are more...

Though practitioners and academics rely on similar conceptual frameworks when valuing international equities in general and emerging market equities in particular, they emphasize different aspects of the framework. In contrast to academics, practitioners adjust discount rates as opposed to cash...

Combining the theory with the empirical evidence, I propose a pragmatic approach to estimating the cost of equity for industry groups operating in African, Asian, and Latin American emerging markets, and high-risk European markets. My approach has two building blocks: (1) use of the U.S.-based...

Though practitioners and academics rely on similar conceptual frameworks when valuing international equities in general and emerging market equities in particular, they emphasize different aspects of the framework. In contrast to academics, practitioners adjust discount rates as opposed to cash...

Though practitioners and academics rely on similar conceptual frameworks when valuing international equities in general and emerging market equities in particular, they emphasize different aspects of the framework. In contrast to academics, practitioners adjust discount rates as opposed to cash...