600 likes | 773 Views
Emerging Markets Corporate Finance February 2003. The Asian Bet. Campbell R. Harvey Duke University and NBER Andrew H. Roper University of Wisconsin. Asian Bet. Three levels of risk Decreased profitability Increased leverage Increased U.S. dollar leverage. Figure 11:
E N D
Emerging Markets Corporate Finance February 2003 The Asian Bet Campbell R. Harvey Duke University and NBER Andrew H. Roper University of Wisconsin
Asian Bet Three levels of risk • Decreased profitability • Increased leverage • Increased U.S. dollar leverage
Figure 11: IFCG Concentration Ratios Based Upon Top 10 Firms