Anchor, J.R and Benesova, Hana (2013) Political risk assessment in the Czech Republic. In: Proceedings of the 11th Liberec Economic Forum 2013. Liberec Economic Forum, pp. 36-45. ISBN 9788073729530

This paper seeks to conceptualise a new approach to the identification of the factors influencing the adoption of a political risk assessment (PRA) function. The research population will comprise a convenience sample of Czech international firms. The information whether or not a firm has set up a PRA function will be obtained via a questionnaire survey. By making use of firm value maximization and risk aversion and considering the rationale for risk management activities: (i) reducing the expected costs of financial distress; (ii) reducing the risk premiums payable to various partners; (iii) increasing investment possibilities; and (iv) reducing expected tax payments, we develop a number of determinants which be employed in PRA studies

LEF2013AnchorBenesovaFinal.pdf - Submitted Version

Download (92kB) | Preview


Downloads per month over past year

Add to AnyAdd to TwitterAdd to FacebookAdd to LinkedinAdd to PinterestAdd to Email