From country risk premium to corporate equity risk premium: an empirical analysis of the impact of country risk on WACC
Di Clemente, Gaia (A.A. 2024/2025) From country risk premium to corporate equity risk premium: an empirical analysis of the impact of country risk on WACC. Tesi di Laurea in Advanced corporate finance, Luiss Guido Carli, relatore Pierluigi Murro, pp. 89. [Master's Degree Thesis]
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Abstract/Index
The Concept of country risk premium (CRP). Concept and relevance. Factors driving country risk. Methodologies for estimating the country risk premium. Comparative analysis of the CRP estimation methods. From country risk premium to Corporate equity risk premium (CERP). Defining the Corporate equity risk premium (CERP). Location-based vs. Operation-based CERP. Linking country risk to corporate valuation. Three approaches to integrating CERP into corporate valuation. Empirical evidence of the different approaches from literature. From country risk to cost of capital: empirical analysis. Research design and methodology. From country risk to corporate equity risk premium (CERP). Sectoral comparison of CRP impact on WACC. Implications for corporate finance and investment decisions. How firms should account for CRP in valuation. Implications for investors and financial analysts. Comparison with traditional valuation models. Which CRP ESTIMATION METHOD proves most reliable?
References
Bibliografia: pp. 85-89.
Thesis Type: | Master's Degree Thesis |
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Institution: | Luiss Guido Carli |
Degree Program: | Master's Degree Programs > Master's Degree program in Corporate Finance, English language (LM-77) |
Chair: | Advanced corporate finance |
Thesis Supervisor: | Murro, Pierluigi |
Thesis Co-Supervisor: | Altieri, Michela |
Academic Year: | 2024/2025 |
Session: | Summer |
Deposited by: | Alessandro Perfetti |
Date Deposited: | 25 Sep 2025 09:24 |
Last Modified: | 25 Sep 2025 09:24 |
URI: | https://tesi.luiss.it/id/eprint/43291 |
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