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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 … terms of economic return. Also it can be said that inflation is negative to the return at the stock market, thus: the larger … the inflation rate, thesmaller the real return. It is shown that the market does not anticipate the future inflation, and …
Persistent link: https://www.econbiz.de/10010762969
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The Colombian Stock Market : 1930-1998 (El Mercado De Acciones En Colombia: 1930-1998)
Velez-Pareja, Ignacio - 2009
This article explores the behavior of the stock market in Colombia with the information given by the Bolsa de … stock market, thus: the larger the inflation rate, the smaller the real return. It is shown that the market does not …, is much less than 50%. This might show that investing at the stock market is just gambling.The translation of this …
Persistent link: https://www.econbiz.de/10012718073
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Finanzas Corporativas y Decisiones de Inversión (Corporate Finance and Investment Decisions)
Velez-Pareja, Ignacio; Tham, Joseph; Castilla Ávila, … - 2021
Spanish Abstract: Esta es una versión no publicada del libro Finanzas Corporativas y Decisiones de Inversión.Se estudian las razones financieras básicas y su uso como generador de información para el tratamiento detallado de cómo hacer proyecciones de los estados financieros y llegar a...
Persistent link: https://www.econbiz.de/10013243591
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Dividendos "potenciales" versus pagados : razones teoricas y empiricas para usar dividendos pagados. Casos de America Latina y Argentina
Velez-Pareja, Ignacio; Merlo, Mariano; Londono, David Andres - MASTER CONSULTORES - 2008
Muchos consultores, autores y profesores de Finanzas incluyen los cambios en losactivos liquidos (dividendos potenciales") en los flujos de caja. Esta practica escontraria a la teoria basica de las finanzas. Presentamos razones economicas, teoricas, yempiricas para apoyar la tesis. Por lo tanto,...
Persistent link: https://www.econbiz.de/10010762913
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Potential dividends versus actual cash flows in firm valuation
Magni, Carlo Alberto; Velez-Pareja, Ignacio - MASTER CONSULTORES - 2009
Practitioners and some academics use potential dividends rather than actual payments toshareholders for valuing a firm´s equity. We underline the differences between the two methods and present some arguments supporting the thesis that firm valuation with potential dividends overstate the...
Persistent link: https://www.econbiz.de/10010762934
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Looking Forward Financial Ratio and Value Analysis (Valor de la firma y razones financieras para el análisis financiero)
Velez-Pareja, Ignacio - MASTER CONSULTORES - 2007
Usualmente los textos de finanzas presentan por lo menos un capítulo sobre análisis financiero, entendido como análisis de razones financieras. Se enseñan muchos cursos en análisis financiero y se gasta una enorme cantidad de tiempo en cómo calcular las razones financieras basados en...
Persistent link: https://www.econbiz.de/10010762968
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Analisis financiero y control
Velez-Pareja, Ignacio; Davila, Miguel R. - MASTER CONSULTORES - 2009
This is a teaching material for a module of Financial analysis at Universidad Tecnologica de Bolivar. The educational material was developed with Professor Ricardo Davila from Universidad Javeriana, Bogota, Colombia. The written material has been modified several times, but the basic content is...
Persistent link: https://www.econbiz.de/10010762978
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Pautas para el pronostico de los estados financieros a partir de estados financieros historicos para la valoracion
Velez-Pareja, Ignacio - MASTER CONSULTORES - 2008
.96): Cash FlowValuation (CFV): A Basic Introduction to an Integrated Market-Based Approach en Duke University durante el otoño …
Persistent link: https://www.econbiz.de/10010762992
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Potential Dividends and Actual Cash Flows. Theoretical and Empirical Reasons for Using 'Actual' and Dismissing 'Potential'. Or: How Not to Pull Pot...
Velez-Pareja, Ignacio; Magni, Carlo Alberto - MASTER CONSULTORES - 2008
Practitioners and academics in valuation include changes in liquid assets (potential dividends) in the cash flows. This widespread and wrong practice is inconsistent with basic finance theory. We present economic, theoretical, and empirical arguments to support the thesis. Economic arguments...
Persistent link: https://www.econbiz.de/10010763000
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There exists circularity between WACC and value? Another solution
Velez-Pareja, Ignacio; Franco, Julian Benavides - MASTER CONSULTORES - 2008
Although we know there exists a simple approach to solve the circularity between value and the discount rate, known as the Adjusted Present Value proposed by Myers, 1974, it seems that practitioners still rely on the traditional Weighted Average Cost of Capital, WACC approach of weighting the...
Persistent link: https://www.econbiz.de/10010763003