Publication type: Article in scientific journal
Type of review: Peer review (publication)
Title: Innovative methods in assessing political risk for business internationalization
Authors: Rios-Morales, Ruth
Gamberger, Dragan
Šmuc, Tom
Azuaje, Francisco
DOI: 10.1016/j.ribaf.2008.03.011
Published in: Research in International Business and Finance
Volume(Issue): 23
Issue: 2
Page(s): 144
Pages to: 156
Issue Date: 2009
Publisher / Ed. Institution: Elsevier
ISSN: 0275-5319
Language: English
Subjects: Good governance; Machine learning
Subject (DDC): 320: Politics
337: International economics and commerce
Abstract: Political risk assessment, together with portfolio analysis, has become an important part of international business investment decision making. In this paper, by using different knowledge discovery techniques, we attempt to assess the relevance and actionability of ‘good governance’ indicators in political risk assessment. For that purpose, we have integrated good governance indicators data with political instability classification from the Political Instability Task Force (PITF) research. From this study, two models that capture the intuitive reasoning of investors have been developed. The usefulness of the models has been evaluated by comparison with factual investment data. Our findings suggest that quantitative indicators of good governance may provide the basis for accurate and meaningful models for the assessment and prediction of political risk.
URI: https://digitalcollection.zhaw.ch/handle/11475/10278
Fulltext version: Published version
License (according to publishing contract): Licence according to publishing contract
Departement: School of Management and Law
Appears in collections:Publikationen School of Management and Law

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Rios-Morales, R., Gamberger, D., Šmuc, T., & Azuaje, F. (2009). Innovative methods in assessing political risk for business internationalization. Research in International Business and Finance, 23(2), 144–156. https://doi.org/10.1016/j.ribaf.2008.03.011
Rios-Morales, R. et al. (2009) ‘Innovative methods in assessing political risk for business internationalization’, Research in International Business and Finance, 23(2), pp. 144–156. Available at: https://doi.org/10.1016/j.ribaf.2008.03.011.
R. Rios-Morales, D. Gamberger, T. Šmuc, and F. Azuaje, “Innovative methods in assessing political risk for business internationalization,” Research in International Business and Finance, vol. 23, no. 2, pp. 144–156, 2009, doi: 10.1016/j.ribaf.2008.03.011.
RIOS-MORALES, Ruth, Dragan GAMBERGER, Tom ŠMUC und Francisco AZUAJE, 2009. Innovative methods in assessing political risk for business internationalization. Research in International Business and Finance. 2009. Bd. 23, Nr. 2, S. 144–156. DOI 10.1016/j.ribaf.2008.03.011
Rios-Morales, Ruth, Dragan Gamberger, Tom Šmuc, and Francisco Azuaje. 2009. “Innovative Methods in Assessing Political Risk for Business Internationalization.” Research in International Business and Finance 23 (2): 144–56. https://doi.org/10.1016/j.ribaf.2008.03.011.
Rios-Morales, Ruth, et al. “Innovative Methods in Assessing Political Risk for Business Internationalization.” Research in International Business and Finance, vol. 23, no. 2, 2009, pp. 144–56, https://doi.org/10.1016/j.ribaf.2008.03.011.


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