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Different measures of Country Risk: an application to European countries

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Veröffentlicht in: Journal of risk and financial management 14(2021), 1/19 vom: Jan., Seite 1-16
Personen und Körperschaften: Bonatti, Guido (VerfasserIn), Ciacci, Andrea (VerfasserIn), Ivaldi, Enrico (VerfasserIn)
Titel: Different measures of Country Risk: an application to European countries/ Guido Bonatti, Andrea Ciacci and Enrico Ivaldi
Format: E-Book-Kapitel
Sprache: Englisch
veröffentlicht:
2021
Gesamtaufnahme: : Journal of risk and financial management, 14(2021), 1/19 vom: Jan., Seite 1-16
, volume:14
Schlagwörter:
Quelle: Verbunddaten SWB
Lizenzfreie Online-Ressourcen
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contents Country Risk (CR) is a relevant instrument to analyze and understand economic performances and relationships between different countries in the actual economic and political international globalized context. The present work develops indexes for the European Union countries by applying three different methods in the field of formative approach. Our aim is to show how robust CR measurements can be developed by operational and easily computable methods. We identify a set of significant variables included in the reference literature. Then, we propose three simple aggregative processes in order to obtain CR measures, at a precise time and over time. As a result, if we compare the outcomes, similar CR rankings emerge. In other words, there are no relevant differences in results also due to different methods of applications. The findings demonstrate that the choice of the aggregation method depends on the willingness of the researcher to baste the analysis with or without weighing and, therefore, on the semantic content that is assigned to the entire research structure. Each analysis should follow a disinterested theoretical-methodological consistency, knowing that the choice of a particular indexing process in the field of aggregation does not significantly alter the nature of the results compared to what would result by applying a different method.
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spelling Bonatti, Guido VerfasserIn (DE-588)1148030190 (DE-627)1007508663 (DE-576)496158287 aut, Different measures of Country Risk an application to European countries Guido Bonatti, Andrea Ciacci and Enrico Ivaldi, 2021, Text txt rdacontent, Computermedien c rdamedia, Online-Ressource cr rdacarrier, DE-206 Open Access Controlled Vocabulary for Access Rights http://purl.org/coar/access_right/c_abf2, Country Risk (CR) is a relevant instrument to analyze and understand economic performances and relationships between different countries in the actual economic and political international globalized context. The present work develops indexes for the European Union countries by applying three different methods in the field of formative approach. Our aim is to show how robust CR measurements can be developed by operational and easily computable methods. We identify a set of significant variables included in the reference literature. Then, we propose three simple aggregative processes in order to obtain CR measures, at a precise time and over time. As a result, if we compare the outcomes, similar CR rankings emerge. In other words, there are no relevant differences in results also due to different methods of applications. The findings demonstrate that the choice of the aggregation method depends on the willingness of the researcher to baste the analysis with or without weighing and, therefore, on the semantic content that is assigned to the entire research structure. Each analysis should follow a disinterested theoretical-methodological consistency, knowing that the choice of a particular indexing process in the field of aggregation does not significantly alter the nature of the results compared to what would result by applying a different method., DE-206 Namensnennung 4.0 International CC BY 4.0 cc https://creativecommons.org/licenses/by/4.0/, country risk, formative approach, additive indexes, Aufsatz in Zeitschrift DE-206, Ciacci, Andrea VerfasserIn aut, Ivaldi, Enrico 1970- VerfasserIn (DE-588)1153440776 (DE-627)101485721X (DE-576)500240817 aut, Enthalten in Journal of risk and financial management Basel : MDPI, 2008 14(2021), 1/19 vom: Jan., Seite 1-16 Online-Ressource (DE-627)770970427 (DE-600)2739117-6 (DE-576)395129494 1911-8074 nnns, volume:14 year:2021 number:1/19 month:01 pages:1-16, https://www.mdpi.com/1911-8074/14/1/19/pdf Verlag kostenfrei, https://doi.org/10.3390/jrfm14010019 Resolving-System kostenfrei, http://hdl.handle.net/10419/239436 Resolving-System kostenfrei, https://doi.org/10.3390/jrfm14010019 LFER, https://www.mdpi.com/1911-8074/14/1/19/pdf LFER, LFER 2021-02-09T10:42:43Z
spellingShingle Bonatti, Guido, Ciacci, Andrea, Ivaldi, Enrico, Different measures of Country Risk: an application to European countries, Country Risk (CR) is a relevant instrument to analyze and understand economic performances and relationships between different countries in the actual economic and political international globalized context. The present work develops indexes for the European Union countries by applying three different methods in the field of formative approach. Our aim is to show how robust CR measurements can be developed by operational and easily computable methods. We identify a set of significant variables included in the reference literature. Then, we propose three simple aggregative processes in order to obtain CR measures, at a precise time and over time. As a result, if we compare the outcomes, similar CR rankings emerge. In other words, there are no relevant differences in results also due to different methods of applications. The findings demonstrate that the choice of the aggregation method depends on the willingness of the researcher to baste the analysis with or without weighing and, therefore, on the semantic content that is assigned to the entire research structure. Each analysis should follow a disinterested theoretical-methodological consistency, knowing that the choice of a particular indexing process in the field of aggregation does not significantly alter the nature of the results compared to what would result by applying a different method., country risk, formative approach, additive indexes, Aufsatz in Zeitschrift
title Different measures of Country Risk: an application to European countries
title_auth Different measures of Country Risk an application to European countries
title_full Different measures of Country Risk an application to European countries Guido Bonatti, Andrea Ciacci and Enrico Ivaldi
title_fullStr Different measures of Country Risk an application to European countries Guido Bonatti, Andrea Ciacci and Enrico Ivaldi
title_full_unstemmed Different measures of Country Risk an application to European countries Guido Bonatti, Andrea Ciacci and Enrico Ivaldi
title_in_hierarchy Different measures of Country Risk: an application to European countries / Guido Bonatti, Andrea Ciacci and Enrico Ivaldi,
title_short Different measures of Country Risk
title_sort different measures of country risk an application to european countries
title_sub an application to European countries
topic country risk, formative approach, additive indexes, Aufsatz in Zeitschrift
topic_facet country risk, formative approach, additive indexes, Aufsatz in Zeitschrift
url https://www.mdpi.com/1911-8074/14/1/19/pdf, https://doi.org/10.3390/jrfm14010019, http://hdl.handle.net/10419/239436