Performance, risk and value of Financial Institutions in EMEA and Emerging Countries

Résumé

This thesis explores three important topics that contribute to the study and analysis of risk, profitability, and value of financial institutions and investment funds in emerging and developed countries. The first chapter Can ERM ratings explain the performance and risk of EMEA insurance companies? Chapter two Does the use of derivatives affect the risk, performance and value of banks? An examination of European, Middle Eastern and African countries. Finally, Chapter three The effect of ratings on performance, risk, net flows, and on the performance persistence of mutual funds in Global Emerging Markets examines the effect of ratings on future performance and examines the existence of persistent performance in Global Emerging Markets (GEMs).