Show simple item record

dc.creatorAbinzano Guillén, María Isabeles_ES
dc.creatorMuga Caperos, Luis Fernandoes_ES
dc.creatorSantamaría Aquilué, Rafaeles_ES
dc.date.accessioned2017-10-04T11:05:42Z
dc.date.available2017-10-04T11:05:42Z
dc.date.issued2013
dc.identifier.issn1540-496X (Print)
dc.identifier.issn1558-0938 (Electronic)
dc.identifier.urihttps://hdl.handle.net/2454/25868
dc.descriptionThis is an accepted manuscript of an article published by Taylor & Francis in Emerging Markets Finance and Trade on 2014/12/7, available online: http://dx.doi.org/10.2753/REE1540-496X490504.en
dc.description.abstractWe analyse the impact of default probability in four leading Latin American stock markets (Argentina, Brazil, Chile and Mexico). We find no positive default risk premium except in the case of Brazil, and in fact find a negative risk premium for Argentina and Mexico. The latter effect tends to fade when the analysis accounts for size and BTM market variables. Although we find no size effect in any of the markets considered, the BTM effect is very strong in all of them, and our results reveal a consistent relationship, analogous to that found in more developed markets, between default probability and the size and book-to-market variables.en
dc.description.sponsorshipThis paper has received financial supp ort from the Spanish Ministry of Science and Innovation (ECO2009-12819) and the Ministry of Economy and Competitiveness (ECO2012-35946-C02-01). Isabel Abinzano particularly acknowledges the financial support of the Andalusian Regional Government (P09-SEJ-4467).en
dc.format.mimetypeapplication/pdfen
dc.language.isoengen
dc.publisherTaylor & Francisen
dc.relation.ispartofEmerging Markets Finance and Trade (2013), 49, 5, 63-81en
dc.subjectDefault probabilityen
dc.subjectSizeen
dc.subjectBook to marketen
dc.subjectEmerging marketsen
dc.titleDoes default probability matter in Latin American emerging markets?en
dc.typeArtículo / Artikuluaes
dc.typeinfo:eu-repo/semantics/articleen
dc.contributor.departmentUniversidad Pública de Navarra. Departamento de Gestión de Empresases_ES
dc.contributor.departmentNafarroako Unibertsitate Publikoa. Enpresen Kudeaketa Sailaeu
dc.rights.accessRightsAcceso abierto / Sarbide irekiaes
dc.rights.accessRightsinfo:eu-repo/semantics/openAccessen
dc.identifier.doi10.2753/REE1540-496X490504
dc.relation.projectIDinfo:eu-repo/grantAgreement/ES/6PN/ECO2012-35946en
dc.relation.projectIDinfo:eu-repo/grantAgreement/ES/6PN/ECO2009-12819en
dc.relation.publisherversionhttps://dx.doi.org/10.2753/REE1540-496X490504
dc.type.versionVersión aceptada / Onetsi den bertsioaes
dc.type.versioninfo:eu-repo/semantics/acceptedVersionen


Files in this item

Thumbnail

This item appears in the following Collection(s)

Show simple item record