publication . Article . Other literature type . 1991

The Determinants of Country Risk Ratings

Cosset, Jean-Claude; Roy, Jean;
Open Access
  • Published: 01 Mar 1991 Journal: Journal of International Business Studies, volume 22, issue 1 March, pages 135-142
Abstract
The purpose of this paper is to replicate Euromoney's and Institutional Investor's country risk ratings on the basis of economic and political variables. The evidence reveals that country risk ratings respond to some of the variables suggested by the theory. In particular, both the level of per capita income and propensity to invest affect positively the rating of a country. In addition, high-ranking countries are less indebted than low-ranking countries. It also appears that the ability of the model to duplicate the two country risk measures is very similar and both magazines' ratings can be replicated to a significant degree with few available economic statist...
Subjects
free text keywords: Management of Technology and Innovation, Strategy and Management, Economics and Econometrics, General Business, Management and Accounting, Business and International Management, Country risk, International business, Institutional investor, Economic statistics, Developing country, Per capita income, Finance, business.industry, business, Economics, Organizational culture
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