bc0e6d7f_ue_Investing__Timeless_Reading__Description
[Title] Measuring Company Risk Exposure to Country Risk [Download] Download paper (pdf) Exports as percent of GDP (World Bank) Lambda Estimates for Brazilian companies [Description] 
It is common practice in valuation to assume that companies within an emerging market are all equally exposed to country risk and that companies that are incorporated and trade in developed markets like the United States are immune from it. This is clearly at odds with common sense, since companies within an emerging market can be exposed to different degrees to country risk and multinationals like Coca Cola and Nestle can be exposed to significant emerging market risk. In this paper, we propose a measure of company exposure to country risk called lambda and suggest ways in which we can estimate lambda.
Value Investing: Timeless Reading
Description