haku: @indexterm Purchasing power parity / yhteensä: 42
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Tekijä: | Chaieb, I. Errunza, V. |
Otsikko: | International asset pricing under segmentation and PPP deviations |
Lehti: | Journal of Financial Economics
2007 : NOV, VOL. 86:2, p. 543-578 |
Asiasana: | asset valuation emerging markets financial risk purchasing power parity segmentation |
Kieli: | eng |
Tiivistelmä: | The study analyzes the impact of both purchasing power parity (PPP) deviations and market segmentation on asset pricing and investor's portfolio holdings. The freely traded securities command a world market risk premium and an inflation risk premium. The securities that can be held by only a subset of investors command two additional premiums: a conditional market risk premium and a segflation risk premium. |
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