We evaluate the empirical significance of the effects of uncertainty on investment analizing panel data for public mexican companies from the 1997-2007 period, we found ambiguos effects: the impact on small and medium size companies investments is negative, while at large companies, the effect...

The main purpose of this paper is to analyse if the Capital Asset Pricing Model and a two-factor model (model extended with the size factor) can efficiently explain the variability of the returns on the Personal Pension Plans in Spain over 1995-2003. We analyse the sample of two ways: set of...

We study the relationships among corporate governance, strategic diversification and financial performance in Mexico. The study uses data from 99 non-financial firms listed in the BMV (Mexican Stock Market) during 2004. The main findings are: Firms which property is concentrated in a principal...

This paper proposes an index for determining those banking institution in Mexico that should transfer their credit card portfolios risk credit through Asset Back-Securities (ABSs). This is done recurring to models for predicting insolvency developed by Robert Altman (1968) and Discriminant...

This paper discusses a new methodology to estimate the economic capital by credit risk for a retail portfolio based on the general concepts of copula and dependence measures as well as some core results of the Extreme Value Theory (EVT). The superiority of the proposed approach over the...