The adoption of political risk assessment in emerging markets

Research output: Chapter in Book/Report/Conference proceedingChapter

Abstract

Purpose – This chapter seeks to conceptualise a new approach to the identification of the factors influencing the adoption of a political risk assessment (PRA) function. By making use of firm value maximization and risk aversion and considering the rationale for risk management activities, a number of determinants are identified which can be deployed in future PRA studies.

Design/methodology/approach – A model for predicting the PRA adoption decision is proposed. Geographical contextualisation in one or more emerging markets (EMs) provides a further dimension of originality as well as reflecting an increasingly important international business phenomenon.

Originality/value – Political risk (PR) and political risk assessment (PRA) are of increasing importance in the context of the growth and development of emerging markets (EMs). The latter provide opportunities for inward investment from more developed economies. There has also been a rapid growth in outward foreign direct investment (OFDI) from emerging markets to other economies. This chapter adds to the current understanding of PRA by examining this issue in emerging markets (EMs) through the model developed here.
LanguageEnglish
Title of host publicationRisk Management in Emerging Markets
Subtitle of host publication Issues, Framework, and Modeling
EditorsSabri Boubaker, Bonnie Buchanan, Duc Khuong Nguyen
PublisherEmerald Group Publishing Ltd.
Pages121-142
Number of pages22
ISBN (Print)9781786354525
Publication statusPublished - 2016

Fingerprint

Political risk
Risk assessment
Emerging markets
Risk management
Design methodology
Risk aversion
Influencing factors
Contextualization
Firm value
Rationale
Management activities
International business
Outward foreign direct investment
Growth and development

Cite this

Anchor, J., & Benesova, H. (2016). The adoption of political risk assessment in emerging markets. In S. Boubaker, B. Buchanan, & D. K. Nguyen (Eds.), Risk Management in Emerging Markets: Issues, Framework, and Modeling (pp. 121-142). Emerald Group Publishing Ltd..
Anchor, John ; Benesova, Hana. / The adoption of political risk assessment in emerging markets. Risk Management in Emerging Markets: Issues, Framework, and Modeling. editor / Sabri Boubaker ; Bonnie Buchanan ; Duc Khuong Nguyen. Emerald Group Publishing Ltd., 2016. pp. 121-142
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Anchor, J & Benesova, H 2016, The adoption of political risk assessment in emerging markets. in S Boubaker, B Buchanan & DK Nguyen (eds), Risk Management in Emerging Markets: Issues, Framework, and Modeling. Emerald Group Publishing Ltd., pp. 121-142.

The adoption of political risk assessment in emerging markets. / Anchor, John; Benesova, Hana.

Risk Management in Emerging Markets: Issues, Framework, and Modeling. ed. / Sabri Boubaker; Bonnie Buchanan; Duc Khuong Nguyen. Emerald Group Publishing Ltd., 2016. p. 121-142.

Research output: Chapter in Book/Report/Conference proceedingChapter

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AB - Purpose – This chapter seeks to conceptualise a new approach to the identification of the factors influencing the adoption of a political risk assessment (PRA) function. By making use of firm value maximization and risk aversion and considering the rationale for risk management activities, a number of determinants are identified which can be deployed in future PRA studies.Design/methodology/approach – A model for predicting the PRA adoption decision is proposed. Geographical contextualisation in one or more emerging markets (EMs) provides a further dimension of originality as well as reflecting an increasingly important international business phenomenon.Originality/value – Political risk (PR) and political risk assessment (PRA) are of increasing importance in the context of the growth and development of emerging markets (EMs). The latter provide opportunities for inward investment from more developed economies. There has also been a rapid growth in outward foreign direct investment (OFDI) from emerging markets to other economies. This chapter adds to the current understanding of PRA by examining this issue in emerging markets (EMs) through the model developed here.

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Anchor J, Benesova H. The adoption of political risk assessment in emerging markets. In Boubaker S, Buchanan B, Nguyen DK, editors, Risk Management in Emerging Markets: Issues, Framework, and Modeling. Emerald Group Publishing Ltd. 2016. p. 121-142