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The Colombian Stock Market: 1930-1998
Pareja, Ignacio Vélez - MASTER CONSULTORES - 1999
This article explores the behavior of the stock market in Colombia with the information given by the Bolsa de Bogota Index (Indice de la Bolsa de Bogota, IBB). The index is analyzed from January, 1930 to December, 1998. The inflation rate covers the same period; the inflation rate as measured by...
Persistent link: https://www.econbiz.de/10010827952
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Costo de capital para empresas no transadas en bolsa
Vélez-Pareja, Ignacio - MASTER CONSULTORES - 2002
información contable (Accounting Risk Models (ARM), en inglés), utilizan los datos de una firma muy conocida en el mercado de …
Persistent link: https://www.econbiz.de/10010763040
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El mercado de acciones en Colombia: 1930-1998
Velez-Pareja, Ignacio - MASTER CONSULTORES - 2009
This article explores the behavior of the stock market in Colombia with the information given by the Bolsa de Bogotá Index (Indice de la Bolsa de Bogotá, IBB). The index is analyzed from January, 1930 to December, 1998. The inflation rate covers the same period; the inflation rate as measured...
Persistent link: https://www.econbiz.de/10010762969
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La subvencion financiera del coste de la deuda: la importancia de la pregunta en la investigacion financiera
Sanchez, Mariano Gonzalez; Velez-Pareja, Ignacio; … - MASTER CONSULTORES - 2008
The purpose of this work is double. On one side, we wish to examine if subsidizing the cost of debt has some influence on the firm value (debt plus equity) or if it is just a transfer from debt holders to shareholders. On the other hand, we wish to show that research in Finance, as in many...
Persistent link: https://www.econbiz.de/10010762999
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Cost of Equity and WACC for Perpetuities with Constant Growth
Mejia, Felipe; Pareja, Ignacio Velez - MASTER CONSULTORES - 2010
This paper shows a formulation for the cost of equity and the WACC for growing perpetuities. Some authors have derived the general expressions for those formulas but not specifically for perpetuities with constant growth. The result obtained is that a previously general formulation for a finite...
Persistent link: https://www.econbiz.de/10010827955
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Aggregate Return on Investment for Investments under Uncertainty
Magni, Carlo Alberto - MASTER CONSULTORES - 2014
of return which, compared with the risk-adjusted cost of capital, correctly signals wealth creation. The AROI exists and … is unique and, for two mutually exclusive projects, we derive an incremental AROI and an incremental risk-adjusted cost … of capital, by means of which two unequal-risk projects can be correctly compared. Iterating the incremental procedure …
Persistent link: https://www.econbiz.de/10010827956
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Company Valuation in an Emerging Economy - Caldonia: A Case Study
Pareja, Ignacio Vélez; Tham, Joseph - MASTER CONSULTORES - 2010
Persistent link: https://www.econbiz.de/10010827965
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Valor De Los Ahorros En Impuestos Por Deuda En Colombia: Un Estudio Empírico
Perez, Rafael Yesid Salas; Gutierrez, Juan David; … - MASTER CONSULTORES - 2011
Los ahorros en impuestos por deuda son un tema de obligado interés dentro de la literatura financiera porque desafían el supuesto de que la deuda destruye valor, al demostrar que genera subsidios de impuestos que representan valor para las compañías. Pocos son los estudios empíricos que se...
Persistent link: https://www.econbiz.de/10011031624
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¿Coinciden EVA(R) y Utilidad Economica (UE) con los metodos de Flujo de Caja Descontado en valoracion de empresas?
Pareja, Ignacio Vélez; Tham, Joseph - MASTER CONSULTORES - 2003
En Vélez-Pareja y Tham (2001), presentamos diferentes maneras de valorar los flujos de caja. Primero se utilizó el costo promedio ponderado de capital (CPPC) (Weighted Average Cost of Capital, WACC) para descontar el flujo de caja libre (FCL). Segundo, se descontó el FCL con el WACC ajustado....
Persistent link: https://www.econbiz.de/10011031625
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Risky Tax Shields and Risky Debt: A Monte Carlo Approach
Pareja, Ignacio Velez - MASTER CONSULTORES - 2010
scenarios applied to a financial planning model. I conclude that the risk of tax shields is Ku, the unlevered cost of equity. …
Persistent link: https://www.econbiz.de/10010762909