Valuation in Emerging Markets
This article gives an overview of research and practice issues in the valuation of assets in emerging markets. It introduces a special edition in Emerging Markets Review devoted to the topic. This volume emerged from a conference sponsored by The Batten Institute at the Darden Graduate Business School of University of Virginia, Association for Investment Management and Research (AIMR), and Emerging Markets Review. The analytic challenges outlined in this paper and special edition are immensely interesting to practitioners and scholars for what they reveal about emerging and developed markets. The colloquium surveyed business and research practices, stimulated critical reflection, and highlighted questions for future research.