Riziková prémie země pro Ruskou federaci v podmínkách politické nestability

This thesis focuses on the issue of quantifying the country risk of the Russian Federation in the context of political instability. The thesis examines existing methodologies of country risk assessment and modifications of the CAPM model in order to find an adequate way of determining the risk premium in conditions of limited availability of statistical data. The analysis focuses on the evolution of the risk premium in response to adverse political and economic events such as military conflicts and economic sanctions. The conclusions of the paper suggest that the presented methodology can reflect changes in country risk and provides practical benefits for investment decision making and business valuation in volatile environments. The methodology can be further applied in similar settings in other countries, which increases its value for practitioners.