 Cross-Border and International Valuation: Does Globalization Still Add Value?Roberto Moro-Visconti ()
Chapter 23 in Augmented Corporate Valuation, 2026, pp 959-1004 from Springer Abstract: Abstract This chapter sets out a practical framework for valuing firms across borders by combining core financial modeling with the macroeconomic, legal, and political conditions that ultimately determine what investors can earn. In international settings, the pathway from operating performance in a host country to returns for a global shareholder is rarely direct: exchange-rate dynamics, country and sovereign risk, taxation, and constraints on moving cash upstream can materially change both expected cash flows and the discount rates used to value them. The chapter compares valuation in local currency versus the investor’s home currency, explains how to measure and incorporate country risk in a disciplined manner, and shows how to construct the weighted average cost of capital (WACC) when capital markets are segmented rather than fully integrated. Keywords: Country risk premium; Currency consistency; Repatriation constraints; Market integration; Institutional credibility; Supply chains (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-032-17903-6_23 Ordering information: This item can be ordered from DOI: 10.1007/978-3-032-17903-6_23 Access Statistics for this chapter More chapters in Springer Books from Springer |
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