This article aims at discovering a coherent method for estimating country risk for non-developed countries, determining the components and most significant factors involved and thus avoiding the “black boxes” represented by external agency ratings. The data used form a panel of 40...

Lending interest rates (IR) in the Serbian market are generally viewed as high. In accordance with the official NBS (National bank of Serbia) data for 2010: lending (IR) was 10.4% p.a., deposit IR was 4.2% p.a., and spread was 6.3% p.a. At the same time, IR on cross-border loans was 3.7% p.a. It...

Financial institutions, like any other company for that matter, have as a main objective the diversification and expansion of revenue and profit sources. To this purpose they have expanded ever more their activity across national borders. But, as it is well known, especially if we relate to the...

The current crisis appeared in a moment when the favorable economic development led to an overall improvement in country risk. Nowadays, the intensity of the risks composing what we generically call “country risk” is rising, as well as the vulnerability of different states, in a context of...

The financial crises that have occurred in recent decades, affecting the entire international financial system and beyond, have highlighted the existing gaps in the models of country risk analysis, models that cannot provide, in most cases, an anticipation of the collapse. The crisis...

Given that the current business world is based on the expansion of global markets, more companies participating in the international activity, business management has been faced with new challenges. This is because companies in order to cope with global competition were forced to adapt to the...

Defining risks and performances is a classical procedure, but also very important, because it is the base in evaluating risks. The patterns of evaluation are the most important instruments of scientific knowledge, a conventional image of the objective that needs to be examined. Those are builder...

The 2008-09 global economic crises have shown that no country is immune to external challenges. When policy controls are missing or not used efficiently, crises can reverse progress even in advanced economies. This unexpected outcome has increased concerns about the ability of governments in...

Purpose – Whilst earlier studies of market entry success factors have mostly focused on large emerging markets such as China or India, limited attention has been given to smaller emerging markets. The purpose of this paper is to identify the effects of firm-level (i.e. entry mode and firm...

(VF)L’objectif de cet article est d’identifier l’impact de deux « variables spécifiques au pays », les différences culturelles nationales et le ris-que-pays, sur la survie des coentreprises internationales formées au Brésil. Les résultats montrent que la dynamique interculturelle...