Examinando por Materia "ACTIVOS (CONTABILIDAD)"
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Ítem Análisis de activos financieros en Colombia; cobertura a posiciones en Bitcoin(Universidad EAFIT, 2022) Escobar Anduquia, Christian Daniel; Avella Jiménez, Sebastián Darío; Rojas Ormaza, Brayan RicardoÍtem Aplicabilidad del Modelo Fama-French en el Mercado MILA(Universidad EAFIT, 2021) Trujillo Gómez, Juan Diego; Vélez Morales, Philip; Botero, Juan CarlosMILA is the Latin American Integrated Market for securities created in 2009 originally by Perú, Chile and Colombia to which Mexico joined in 2014. Due to its importance, it is necessary to have models that allow a more efficient estimation of the return on assets and generate greater assertiveness in investment decision-making by portfolio managers. This paper presents generalities of both, the MILA market and the submarkets that compose it, and seeks, in the first place, to determine the applicability of the Fama-French model in said market; and secondly, it seeks to generate possible portfolios in the MILA market that, following the criteria on risk factors described by Fama and French, have shown through history a better performance than that of a benchmark portfolio.Ítem Aplicación del modelo Black-Litterman para la construcción de un portafolio de renta fija global, mediante la estructuración de un benchmark propio y estrategia de cobertura vía forwards(Universidad EAFIT, 2022) Mc Master Molina, Carl Vincet; Botero Ramírez, Juan CarlosThe access to different investment assets, the search for diversification, and the application of measures as for quantification and hedging risk are relevant factors for building and managing international investment portfolios. Therefore, the objective of the present paper aims to the application of Black-Litterman portfolio model on building a global fixed income portfolio, which is made up of high yield and investment grade ETFs, as well as developed countries government bonds. Furthermore, in order to increase hedging, diversification ratio, and to minimize risk, a benchmark, which is made up of both global fixed income indices and assets from the same category will be built. Finally, a hedging strategy will be proposed through forwards in order to minimize the inherent risk due to currency depreciation.Ítem Costeo del ciclo de vida de un activo : proyecto unidad constructiva(Universidad EAFIT, 2013) Pérez Gelves, Alvaro; Carrasquilla Franco, Eduardo; Uribe de Correa, Beatriz; Gómez Salazar, Elkin ArcesioLa empresa TN (Transmisor Nacional) requiere decidir si debe realizar una modernización o un cambio del activo eléctrico unidad constructiva (UC) para lograr una mayor rentabilidad por sus servicios de transmisión de energía, de acuerdo con la normatividad expedida por la Comisión de Regulación de Energía y Gas del Ministerio de Minas y Energía de Colombia (CREG), mediante la resolución CREG 011 de 2009 -- El proyecto consiste en elaborar un análisis para determinar la mejor alternativa de reemplazo o modernización del activo UC, basado en el cálculo de su edad económica -- Para tomar una decisión adecuada, la norma PAS 55, expedida por la British Standard, recomienda la utilización del modelo Life Cycle Costing (LCC), que determina cuál es el momento óptimo, en términos económicos, para realizar el reemplazo del activo o unidad constructiva, después de considerar los diferentes costos en los que se incurre durante su ciclo de vida: costos de capital (CAPEX), costos de operación (OPEX) y costos de eliminación -- Después de construir el flujo de caja a 30 años y analizar las alternativas: primera, mantener el activo UC en servicio; segunda, cambiar el activo a mitad de su vida útil, y tercera, modernizar el activo (upgrade) , se concluye, desde el punto de vista de evaluación de proyectos, que las tres alternativas son viables; sin embargo, con el indicador CAUE se determina que la mejor alternativa es mantener el activo UC en servicio, debido a que la edad económica del mismo es, como mínimo, de 25 añosÍtem Estructuración de garantías reales no tradicionales, basadas en la valoración de marcas para empresas del sector farmacéutico con fines de acceso a financiación(Universidad EAFIT, 2021) Patiño Gutiérrez, Gustavo Adolfo; Moreno Ávila, Luis Fernando; Sánchez Ribero, Gustavo AlbertoIn this document, a brand valuation methodology is developed to structure non-traditional real warranties, in order to be taken into account as financial assets in the management of company financing, as it is one of the most important assets in this case, for the pharmaceutical sector and funders. The valuation of brands requires the use of specialized methodologies such as real options, managing uncertainty and its intangibility as the basis of its value, which in practice is very useful for its implementation, allowing through brands to support operations of credit with financial institutions or other sources of financing, to improve the capital structure of these companies.Ítem Un estudio sobre la relación entre el acceso al crédito y la productividad de las Pymes en Colombia entre 2018-2019(Universidad EAFIT, 2020) Herrera Monsalve, Federico; Hoyos Quintero, Elizabeth; Gaspar Medina , Daniel SantiagoThis work linearizes the functions for current loans, investment, liquidity, and liquid assets (Love, 2000), finding the possible effects on the marginal productivity of capital, reflected in the access to credit in the financial system of small companies and medium-sized companies in Colombia in the 2018-2019 period, performing an econometric data panel exercise, in which regression of four models was made, where the results show among things that an increase of 1% in loans, marginal productivity increases by 0.07%. In this way, it is possible to detect that loans have a positive and significant relationship with marginal productivity.Ítem Implementación de la norma ISO 55001 en ISA Intercolombia y su impacto en la transformación cultural de la organización(Universidad EAFIT, 2020) Galindo Vargas, Adriana Carolina; Díez Benjumea, Jhon MiguelThis research analyzes how the ISO 55001 standard was incorporated in an electric power transmission services company using the conceptual framework proposed by the IAM defined in PAS55 for asset management and analyzes its impact on the cultural transformation of the organization. In the work, a contrast analysis of the operation of the organization is carried out before and after the incorporation of ISO 55001 and the process of implementing asset management in the organization is described. Likewise, measurement instruments such as interviews and surveys were designed to analyze the impact of the incorporation of ISO55001 on the cultural transformation of the organization. Finally, the benefits, good practices, and lessons learned in the organization are identified during the incorporation of the ISO 55001 standard.Ítem Instrumentos financieros derivados del clima como herramienta de cobertura en la industria bananera del Urabá antioqueño(Universidad EAFIT, 2019) Álvarez Hincapie, Mariana; Mejía Luján, Gabriel Jaime; Pantoja Robayo, Javier OrlandoAlong the same lines as the market fluctuations of the interest rate and the volatility of other financial assets, the climatic conditions affect incomes, generating uncertainty for the banana industry in Colombia, as well as changes in temperature and the rainfall levels affect directly the level of the offer's response, and the demand pattern changes due to climatic fluctuations for the import countries with seasons. As a result, climate derivatives could play an important role in risk management systems in this sector. The Colombian financial market does not offer derivatives products that allow the agents to mitigate the impact of climatic fluctuations on production volume and prices. In this context, this work is oriented to introduce weather derivatives, based on climatic indexes available in the Chicago Mercantile Exchange, as possible instruments to mitigate the financial risk in the banana sector of Urabá in the department of Antioquia, so that they can be replicated as hedging strategies in other agricultural segments. This work studies the relationship between the quantities and export prices of fruit with the indexes available on the Chicago Mercantile Exchange using a process of autoregressive vector with exogenous variable (VARX). In addition, we are showing that these indices could be considered to build the risk mitigation portfolios for the agents.Ítem Medición de la exposición al riesgo de liquidez para una entidad del sistema financiero colombiano a partir del ratio de cobertura de liquidez de Basilea III(Universidad EAFIT, 2018) Ramírez Parra, Cristián Andrés; Lozada Suárez, Juan DavidThis document shows how the appropriate and opportune measure of liquidity risk, can be used as a tool for purposes of assets and liabilities management and development of profit strategies on a financial institution, and not only as a regulatory compliance; this measure can become a planning resource for senior management and a valid support for regulatory entities over the established politics of assets and liabilities of the institution -- For that manner, based upon existing knowledge about measuring liquidity risk exposure as it’s established on current regulation on chapter six of the Basic Financial Circular Letter of 1995 in Colombia (Superintendencia Financiera de Colombia, 1995), it shows the development of the Liquidity Coverage Ratio (LCR) established by the Basel Committee on Basel III (Basel Committee, 2010 p. 9), which will allow the institution to take an anticipated adoption of international practices and adjust liquidity and balance sheet politics -- All the above is born from the observation of different requirements and questionings from Superintendencia Financiera de Colombia (SFC) on liquidity risk matters to entities of the financial sector, that shows the intention of implementing in the short term the internationally accepted politics related to liquidity risk, with the objective of making the financial institutions stronger and promote integral practices of risk management that will allow entities to make front to stress scenariosÍtem Medidas de evaluación de desempeño de portafolio para los sectores del S&P 500(Universidad EAFIT, 2019) Latorre Uribe, Eduardo; Ospina Mejía, Jaime AlbertoThe objective of this paper is to evaluate the performance of the Standard and Poor’s 500 by sector based on the Modern Portfolio Theory. It begins with the definition of some basic math concepts which are important when working with the Portfolio Theory. Those include concepts such as return, standard deviation and correlation among others. Following these definitions, we describe some portfolio measures (these involve the Sharpe´s ratio, the Treynor ratio and the Jensen´s Alpha amid others) showing how they are calculated and some of their most important characteristics. Then the model used for this paper is presented and explained. Next the results obtained with the model are shown and lastly some conclusions are presented.Ítem Metodología de valoración de activos biológicos a valor razonable según las Normas Internacionales de Información Financiera Plenas – NIIF aplicado al cultivo del Aguacate Hass(Universidad EAFIT, 2018) Restrepo Arboleda, Wilmar Alexander; Úsuga David, Iván Darío; Agudelo Zapata, Rodrigo AntonioTo adopt of new and good practices in companies to advance in your negotiations and growth in the market has generated the need to implement the International Financial Reporting Standards (IFRS) - NIIF in Colombia, hence with law 1314 of 2009, the Colombian state defines the principles and rules of accounting and financial information and assurance of information, thus formalizing its adoption -- In the development of the present investigation will be the full IFRS (NIIF Plenas - Colombia) and within these there is a rule that deals exclusively with the way to value at fair value the assets and liabilities, it is the NIIF13, that specific rule the treatment of the Fixed financial assets and non-financial assets -- As for the fixed assets of a company, there is one of special interest in this research are the biological assets, assets that are very common in our economy little regulation exists, hence NIC 41 this dedicated exclusively to the explanation and valuation of this type of assets -- Based on NIC 41 and NIIF 13, a methodology for valuation and application of the same to a biological asset of the real sector, such as hass avocado cultivation, which has become one of the most demanded products at an international level with a growth of 3%, due to its nutritional and vitamin properties, becoming an investment opportunity for ColombiaÍtem Modelo financiero Medtronic(Universidad EAFIT, 2019) Salinas Miranda, Nathalia; Abdurezak, HamzaFinancial modeling is the process of building models of a real-world financial situation. This process is a mathematical model designed to represent the performance of a financial asset or portfolio of a business, project, or any other investment. The financial modeling is an exercise in either asset pricing or corporate finance, of a quantitative nature. Its principal objective is translating a set of hypotheses about the behavior of markets or agents into numerical predictions. This term is also known as a general term that means different things to different users; this term can be related either to corporate finance applications or to quantitative finance applications. In this modeling we are going to analyze a company called Medtronic. This is a company with a strong competitive position and the exercise is about a Hold recommendation for Medtronic. This report was originally made as the final project for FIN 217F - Corporate Financial Modeling course enrolled during fall 2018 in Brandeis University, it was homologated as part of the double degree process as the dissertation of the Master in Financial Management in EAFIT University.Ítem Modelos de valoración de activos intangibles adecuados a las condiciones de las medianas y pequeñas empresas en Colombia(Universidad EAFIT, 2024) Castro Garzón, César Ricardo; Sánchez Ribero, Gustavo AlbertoThis work addresses the issue of the valuation of intangible assets for Small and Medium-sized Enterprises in Colombia (SMEs). In emerging economies, the same as Colombian Economy, there are many restrictions and limitations of information, difficulties in making market comparisons and lack of development of the Capital markets, which mean that most of the proposed methods for valuation of intangible assets cannot be applied in an efficient manner, basis on an objective, verifiable and public Corporate Financial information. Within the approach that was used to develop this study, those methods whose information and valuation needs did not depend on subjective evaluations, detailed and privileged information of the enterprises and financial indexes with tiny local development were selected. Those methods were selected within the great taxonomy of intangible valuation methods that exist and, that would allow not only to value the companies themselves, but also within the economic sector where they are developed. All this on an average annual basis of information of more than 16,800 SMEs in Colombia for the years 2020 to 2023. Finally, it is important to mention that there is no single method for the valuation of intangible assets (IA), undoubtedly valid for any company and for all circumstances. The contribution of this work allows an acceptable approach adjusted to the conditions of SMEs in Colombia, for the valuation of these assets.Ítem Peer-selection and systematic risk : an unexplored relation(Universidad EAFIT, 2022) Lopera Parra, Luis Miguel; Restrepo Tobón, Diego AlexanderÍtem Rediseño del proceso de mantenimiento para los activos productivos de la planta de superficies(Universidad EAFIT, 2020) Rojas Baquero, José Arnulfo; Escalante Gómez, Juan EstebanCurrently, and in the face of high competition from the world market, modern companies are obliged to identify, propose and achieve optimization at all their organizational levels, since no productive sector escapes this trend. Research and development (R&D) and continuous improvement seek to make operations more efficient and effective, which is why they have become a basic component of management in most companies. Companies must implement methodologies to determine the current status of processes through an introspection (internal review) or an external analysis with other companies in the sector or with respect to a standard, through the analysis of variables that can generate cost overruns, reprocesses, inefficiencies, weaknesses, etc., that is, with the application of a benchmarking methodology; the this form determines the gaps and opportunities for improvement that it has and that could be implemented. At present, the maintenance management of productive assets demands great importance to achieve the objectives and goals of productive companies, in order to add value to achieve the greatest possible operational availability in a way that allows obtaining an appropriate cost of In accordance with organizational guidelines and make it possible to be competitive in the industry. Over the years, maintenance has evolved in a very significant way due to the fact that currently there are multiple methodologies, techniques and concepts for its application, with which it is possible to adequately optimize human, technical and material resources and also increase the availability of the productive assets of companies. The implementation of tools and models for maintenance management, such as total productive maintenance (TPM), maintenance focused on reliability (RCM), optimization of planned maintenance (PMO) and world-class maintenance, among others, applied to the productive assets of tiles or surfaces, is a suitable option to be able to reinforce and meet the company's objectives in order to increase the availability, reliability and maintainability of its production processes, while optimizing the programming and execution of plans current maintenance. For this, the maintenance strategy must be reinforced and restructured with the identified improvement opportunities, which could be presented in the future to the operations management so that it determines priority, times, objectives and resources to be assigned for its implementation.Ítem Una reflexión sobre la relación existente entre el capital intelectual y la propiedad intelectual en el marco de la empresa(Universidad EAFIT, 2015) Betancur González, Carlos Mario; Uribe de Correa, Beatríz AmparoDe acuerdo con los autores consultados, el capital intelectual, definido desde la perspectiva estratégica, es el conjunto de conocimientos que poseen las organizaciones y que generan valor o tienen el potencial de generarlo en el futuro -- Desde la óptica contable, el capital intelectual es la diferencia entre el Activo intangible y el Pasivo intangible -- La propiedad intelectual se encontró definida sólo desde la perspectiva jurídica y consiste en un conjunto de derechos que permiten explotar económicamente de manera exclusiva y temporal, las invenciones fruto de la creación de la mente del ser humano -- Ambos conceptos tienen relación directa en sus componentes y no se evidenció en la literatura seleccionada la existencia de mecanismos de protección para los conocimientos claves de las organizaciones, más allá de los puramente legales -- Lo anterior nos lleva a reflexionar sobre lo que deben realizar las empresas para proteger el conocimiento generado, ya que los contratos laborales, acuerdos de confidencialidad y los acuerdos de exclusividad, tampoco blindan a la empresa de su fuga -- Se debería apelar entonces a otros mecanismos diferentes a los legales, que impidan que las organizaciones pierdan las ventajas que les otorga el conocimiento que han construido y que inevitablemente está en los seres humanos -- La ética, el clima laboral, la compensación, deberían ser pensados como factores protectores de este conocimiento, pues sólo la seducción de la voluntad del capital humano será el mecanismo que complementará al jurídicoÍtem Riesgo de pérdida de activo por hurto en la red de cobre de una empresa de telecomunicaciones. Análisis de los factores determinantes(Universidad EAFIT, 2022) Ramírez García, David Gonzalo; Ocampo Salazar, Carmen; García Callejas, Danny