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Zusatztext Andrew Karolyi certainly moved the ball forward in the direction of an enigma that, contrary to the British Bletchley in World War II, might never be completely cracked. It is quite an achievement and he initiated here a sizeable and useful progress, and he managed to make it eminently readable." Georges Ugeux, Chairman and CEO, Galileo Global Advisors Informationen zum Autor G. Andrew Karolyi is Associate Dean for Academic Affairs and Harold Bierman, Jr. Distinguished Professor of Management at S.C. Johnson Graduate School of Management, Cornell University. Klappentext Cracking the Emerging Markets Enigma outlines a rigorous, comprehensive, and practical framework for evaluating the opportunities and, more importantly, the risks of investing in emerging markets. Built on a foundation of sound research on foreign direct and portfolio capital flows, Andrew Karolyi's proposed system of evaluation incorporates multiple dimensions of the potential risks faced by prospective investors in an empirically coherent framework. Zusammenfassung Forward-thinking investors are constantly looking for the next BRIC-what foreign market is on the brink of expansive growth? Will these investments payoff, or are the potential risks too great? Investing in these emerging markets requires a careful analysis of potential risks and benefits which vary greatly from country to country and even from day to day. In Cracking the Emerging Markets Enigma, emerging markets expert Andrew Karolyi outlines a practical strategy for evaluating the opportunities and-more importantly-the risks of investing in emerging markets. Karolyi's proposed system evaluates multiple dimensions of the potential risks faced by prospective investors. These categories of risk reflect the uneven quality or fragility of the various institutions designed to assure integrity in capital markets-political stability, corporate opacity, limits placed on foreign investors, and more. By distilling these analyses into a numerical scoring system, Karolyi has devised a way to assess with ease emerging markets by different dimensions of risk and across all dimensions together. This novel assessment framework already has been tested in the market to great success. Researchers, students, firms, and both seasoned and novice investors are poised to gain a clear understanding of how to evaluate potential investments in emerging markets to maximize profits. Inhaltsverzeichnis PART I UNDERSTANDING THE RISKS IN EMERGING MARKETS Chapter 1 Accepting the Challenge Chapter 2 The Emerging Market Landscape Chapter 3 A Primer on Empirical Methodology PART II BUILDING THE EMERGING MARKETS RISK INDICATORS Chapter 4 Market Capacity Constraints Chapter 5 Operational Inefficiencies Chapter 6 Foreign Accessibility Restrictions Chapter 7 Corporate Opacity Chapter 8 Limits to Legal Protections Chapter 9 Political Instability PART III VALIDATING THE RISK INDICATORS Chapter 10 Do the Emerging Market Risk Indicators Work? Chapter 11 Making Sense of the Emerging Market Swoon of 2013 PART IV THE EMERGING MARKETS ENIGMA CRACKED? Chapter 12 Final Remarks and a Few Cautions Data Appendixes ...
