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6 Cards in this Set
- Front
- Back
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country risk |
refers to exposure to potential loss or to adverse effects on company operations and profitability caused by developments in natl political and legal environments |
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extraterritoriality |
home country laws to conduct outside of natl borders. |
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legal system |
system for interpreting and enforcing laws |
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political system |
set of formal institutions that constitute a govt. |
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rule of law |
implies a legal system in which laws are clear, understood, respected and fairly enforced. |
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transparency |
degree to which firms reveal substantial and regular information about their financial condition and accounting practices. |
