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The valuation of closely-held companies in Latin America

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  • Pereiro, Luis E.

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  • Pereiro, Luis E., 2001. "The valuation of closely-held companies in Latin America," Emerging Markets Review, Elsevier, vol. 2(4), pages 330-370, December.
  • Handle: RePEc:eee:ememar:v:2:y:2001:i:4:p:330-370
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    1. Griffin, John M. & Andrew Karolyi, G., 1998. "Another look at the role of the industrial structure of markets for international diversification strategies," Journal of Financial Economics, Elsevier, vol. 50(3), pages 351-373, December.
    2. Harvey, Campbell R, 1995. "Predictable Risk and Returns in Emerging Markets," Review of Financial Studies, Society for Financial Studies, vol. 8(3), pages 773-816.
    3. Beaver, William & Manegold, James, 1975. "The Association between Market-Determined and Accounting-Determined Measures of Systematic Risk: Some Further Evidence," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 10(02), pages 231-284, June.
    4. Stephen Godfrey & Ramon Espinosa, 1996. "A Practical Approach To Calculating Costs Of Equity For Investments In Emerging Markets," Journal of Applied Corporate Finance, Morgan Stanley, vol. 9(3), pages 80-90.
    5. John Koeplin & Atulya Sarin & Alan C. Shapiro, 2000. "The Private Company Discount," Journal of Applied Corporate Finance, Morgan Stanley, vol. 12(4), pages 94-101.
    6. Luis E. Pereiro, 2001. "Tango and cash: Entrepreneurial finance and venture capital in Argentina," Venture Capital, Taylor & Francis Journals, vol. 3(4), pages 291-308, October.
    7. Ravi Jagannathan & Ellen R. McGrattan, 1995. "The CAPM debate," Quarterly Review, Federal Reserve Bank of Minneapolis, issue Fall, pages 2-17.
    8. Hill, Ned C. & Stone, Bernell K., 1980. "Accounting Betas, Systematic Operating Risk, and Financial Leverage: A Risk-Composition Approach to the Determinants of Systematic Risk," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 15(03), pages 595-637, September.
    9. Heston, Steven L. & Rouwenhorst, K. Geert, 1994. "Does industrial structure explain the benefits of international diversification?," Journal of Financial Economics, Elsevier, vol. 36(1), pages 3-27, August.
    10. Gonedes, Nicholas J., 1973. "Evidence on the Information Content of Accounting Numbers: Accounting-based and Market-based Estimates of Systematic Risk," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 8(03), pages 407-443, June.
    11. Tom Keck & Eric Levengood & AL Longfield, 1998. "Using Discounted Cash Flow Analysis In An International Setting: A Survey Of Issues In Modeling The Cost Of Capital," Journal of Applied Corporate Finance, Morgan Stanley, vol. 11(3), pages 82-99.
    12. Justin Pettit & Mack Ferguson & Robert Gluck, 1999. "A Method For Estimating Global Corporate Capital Costs: The Case Of Bestfoods," Journal of Applied Corporate Finance, Morgan Stanley, vol. 12(3), pages 80-90.
    13. Thomas J. O'Brien, 1999. "The Global CAPM and a Firm's Cost of Capital in Different Currencies," Journal of Applied Corporate Finance, Morgan Stanley, vol. 12(3), pages 73-79.
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    Cited by:

    1. Rocha, Katia & Camacho, Fernando & Braganca, Gabriel, 2007. "Return on capital of Brazilian electricity distributors: A comparative analysis," Energy Policy, Elsevier, vol. 35(4), pages 2526-2537, April.
    2. Gabriel Fiuza de Bragança & Katia Rocha & Fernando Camacho, 2006. "A Taxa de Remuneração do Capital e a Nova Regulação das Telecomunicações," Discussion Papers 1160, Instituto de Pesquisa Econômica Aplicada - IPEA.
    3. Estrada, Javier & Serra, Ana Paula, 2005. "Risk and return in emerging markets: Family matters," Journal of Multinational Financial Management, Elsevier, vol. 15(3), pages 257-272, July.
    4. Estrada, Javier, 2003. "Cost of equity of Internet stocks: A downside risk approach, The," IESE Research Papers D/491, IESE Business School.
    5. Roggi, Oliviero & Giannozzi, Alessandro & Baglioni, Tommaso, 2017. "Valuing emerging markets companies: New approaches to determine the effective exposure to country risk," Research in International Business and Finance, Elsevier, vol. 39(PA), pages 553-567.
    6. Sirtaine, Sophie & Pinglo, Maria Elena & Guasch, J. Luis & Foster, Vivien, 2005. "How profitable are private infrastructure concessions in Latin America?: Empirical evidence and regulatory implications," The Quarterly Review of Economics and Finance, Elsevier, vol. 45(2-3), pages 380-402, May.
    7. Kátia Rocha & Gabriel Fiuza de Bragança & Fernando Camacho, 2006. "Remuneração de Capital das Distribuidoras de Energia Elétrica: Uma Análise Comparativa," Discussion Papers 1153, Instituto de Pesquisa Econômica Aplicada - IPEA.
    8. repec:rss:jnljef:v2i2p5 is not listed on IDEAS
    9. Estrada, Javier, 2002. "Systematic risk in emerging markets: the," Emerging Markets Review, Elsevier, vol. 3(4), pages 365-379, December.
    10. Fuenzalida, Darcy & Mongrut, Samuel, 2010. "Estimation Of Discount Rates In Latin America: Empirical Evidence And Challenges," Journal of Economics, Finance and Administrative Science, Universidad ESAN, vol. 15(28), pages 7-43.
    11. Pereiro, Luis E., 2006. "The practice of investment valuation in emerging markets: Evidence from Argentina," Journal of Multinational Financial Management, Elsevier, vol. 16(2), pages 160-183, April.
    12. Yury Dranev & Sofya Fomkina, 2013. "An asymmetric approach to the cost of equity estimation: empirical evidence from Russia," HSE Working papers WP BRP 12/FE/2013, National Research University Higher School of Economics.
    13. Javier García-Sánchez & Lorenzo Preve & Virginia Sarria-Allende, 2010. "Valuation in Emerging Markets: A Simulation Approach," Journal of Applied Corporate Finance, Morgan Stanley, vol. 22(2), pages 100-108.
    14. Samuel Mongrut & Dídac Ramírez, 2006. "Discount Rates in Emerging Capital Markets," Working Papers 06-03, Centro de Investigación, Universidad del Pacífico.
    15. Rocha, Katia & Alcaraz Garcia, Francisco A., 2006. "Credit risk in the pool--implications for private capital investments in Brazilian power generation," Energy Policy, Elsevier, vol. 34(18), pages 3827-3835, December.

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