El objetivo de esta investigación, es encontrar la composición óptima de un portafolio de inversión, de acuerdo con las condiciones propuestas en el nuevo sistema de pensión Multifondos durante junio 2003 a septiembre 2010. El cálculo de medición fue utilizando el modelo de portafolio...

In this paper we review the main theoretical financial indicators developed to evaluate investment portfolios, as Jensen’s Alpha, Treynor Index, based on risk as portfolio’s beta, as well as Sharpe’s index based on risk as volatility. Then, we show the fundamentals of conditional...

Due to the high level of uncertainty of research and development (R&D) investment projects, such projects are undertaken by stages. At different points in time those projects are reviewed as options to continue or abandon them arise. This decision depends upon signals provided by the projects...

La ciudad de Girardot es el principal centro turístico de la región del Alto Magdalena donde existe una cantidad de negocios industriales, comerciales y de servicios, que, de una u otra forma, contribuyen al desarrollo de la ciudad. Tanto la ciudad como la región adolecen de fuentes...

This paper extends the method of discounted cash flows to value investment projects through incorporating real options. It is assumed the cash flows generated by the firm are correlated with macroeconomic fundamentals, particularly with the interest rate. It is also assumed that the cash flows...

This paper exhibits the economic taxonomy of a minimal spanning tree constructed from the correlation matrix of daily returns of 65 stocks traded at the Bolsa Mexicana de Valores during a 8-year trading period. This paper also makes a classification of the risk and returns of these stocks...