‘Modelos de evaluación del riesgo país y primas de riesgo descontadas en los mercados financieros internacionales’

The first phase of this research project comprised the global analysis, without empirical verification, of how country risk is valued by international capital markets, and the discount rates applied in respect of such exposure. The next step must therefore be an empirical investigation that can yield more accurate insights into the markets’ valuation of political risk. To this end, we have selected a sample of 200-300 European firms, to determine whether growing investment in Latin America has heightened national and international investors’ perceptions of the risk attached to large Spanish companies.