Examinando por Materia "Activo financiero"

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  • Miniatura
    Ítem
    ¿Existe el Enigma de la Prima de Riesgo en el Mercado Bursátil Colombiano? 1993-2002
    (Universidad EAFIT, 15/10/2004) Montoya Osorio, Isabel Cristina; Restrepo Puerta, Juan Manuel; Universidad EAFIT
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    Ítem
    ¿Existe el Enigma de la Prima de Riesgo en el Mercado Bursátil Colombiano? 1993-2002
    (Universidad EAFIT, 2004-10-15) Montoya Osorio, Isabel Cristina; Restrepo Puerta, Juan Manuel
    In this study we search for evidence of the existence of the equity premium puzzle in the colombian stock market and to estimate the risk aversion of a representative investor in this market. This study covers the period December 1993 – January 2002. For that propose we used the asset pricing model with a representative agent based on two different utility functions: CRRA and habit formation. We conclude that different than of the reported evidence in several developed and developing markets, in the Colombian stock market there is no evidence of the puzzle. As it is expected from by the low volatility of consumption and the low covariance between this one and the returns from stocks, the risk aversion coefficient characteristic of an investor in this market is close to zero.
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    Ítem
    Inversión eficiente en el mercado de renta variable para las pequeñas y medianas empresas colombianas
    (Universidad EAFIT, 2022) García Monsalve, Sandra Milena; Manco López, Óscar Oswaldo
    Colombian pymes, despite representing more than 90 % of the companies, do not participate as investors in the stock market, which is due, among other things, to cultural and economic reasons and to the lack of knowledge of the financial instruments that they can take advantage of to diversify their investments and obtain returns that would improve their conditions and indicators. This work proposes the creation of an optimal portfolio of variable income financial assets within the Colombian market designed so that the country's PYMEs can generate economic surpluses with a different and more profitable alternative than the commonly used methods, such as CDTs or Trust Accounts. considering that they must assume a type of risk.