We examine the impact of board tenure diversity on firm risk in 37 countries. Using a difference-in-differences design facilitated by corporate reforms across world, we find that leads to lower stock return volatility. This effect is more pronounced among firms with longer tenures, which are likely result entrenchment and weak monitoring. The positive reducing weakened individualistic higher po...

Rare Disasters and the Equity Premium in a Two-Country World Laurence Copeland and Yanhui Zhu We extend the Barro (2006) closed-economy model of the equity risk premium in the presence of extreme events ("disasters") to a two-country world. In this more general setting, both the output risk of rare disasters and the associated risk of a default on Government debt, can be diversi…ed. The extent ...

Country Risk (CR) is a relevant instrument to analyze and understand economic performances relationships between different countries in the actual political international globalized context. The present work develops indexes for European Union by applying three methods field of formative approach. Our aim show how robust CR measurements can be developed operational easily computable methods. We...