Examinando por Materia "Apalancamiento financiero"
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Ítem La administración del riesgo en el Mercado Forex(Universidad EAFIT, 2014) López Suárez, Santiago; Mora Cuartas, Andrés MauricioLos inversionistas, desde el ángulo especulativo y con enfoque en el análisis técnico abordan los mercados financieros con estrategias que involucran mucho su percepción propia -- Los avances tecnológicos no solo facilitan el tener una cercanía constante a los mercados financieros a través de plataformas o software descargables, sino facilidad de acceso a diversas estrategias técnicas vigentes aplicadas a estos mercados, pero lo que diferencia el éxito del fracaso al especular con activos financieros corresponde a una correcta administración del riesgo -- El mercado de divisas brinda altos niveles de apalancamiento donde inversionistas ingresan con bajos capitales y obtienen elevados retornos, pero éste también eleva el nivel de riesgo al que se exponen -- Tener control del riesgo anticipa y limita las pérdidas en un mercado apalancado y volátil -- Controlar el riesgo y reinvertir capitales en la operación es la clave para tener un crecimiento geométrico -- Este trabajo presenta un Plan de Trading con correcta administración de riesgo implementado en el mercado de divisas -- El plan converge la estrategia de los patrones armónicos de Scott Carney y el enfoque de Sam Seiden de oferta y demanda, donde los resultados son evaluados en un modelo de optimización con el fin de maximizar los retornos y minimizar el riesgo al que se exponeÍtem Alternativas para lograr la viabilidad financiera de los Sistemas Integrados de Transporte Masivo en Colombia(Universidad EAFIT, 2018) Múnera Estrada, Andrés Felipe; Moreno Velásquez, SantiagoThe Bus Rapid Transit (BRT) has been gaining importance in the main capitals of Latin America like a solution to the mobility of large cities -- These BRT has implicit a set of social and environmental benefits that have motivated leaders to encourage these initiatives within their city proposals -- However, the organized systems in Colombia have returned to a problem due to inadequate structuring when the concession contracts were conceived and awarded -- As a consequence of this, a challenge for future projects will be related to its financing -- The objective of this paper is to recommend elements that make those initiatives fundable, improving the resources and interests of the players -- The methodology is a bibliographical reference, seeking another’s options that have been implemented in other cities -- Furthermore, it requires an analysis of the Colombian situation of massive transportation from the financial point of view, understanding those elements that should be considered in the structuring of contractsÍtem Análisis de las aerolíneas en Colombia : estructura financiera y probabilidad de quiebra(Universidad EAFIT, 2023) Marín Marín, Ana Delfy; López Meneses, Jessica Leandra; Téllez Falla, Diego FernandoDifferent airlines have closed their operations due to financial difficulties, agravated by the COVID-19 pandemic, accompanied by the increase in fuel prices because of the conflict in Ukraine. The aim of this study is to carry out a DuPont analysis of the indicators of financial leverage, profit margin on sales and efficiency in the operation of assets. To determine the financial performance and the possible economic factors that can lead to insolvency situations for airlines in Colombia comparing them with another regions of the world in the last four years (2019 to 2022). Furthermore, under Altman's Z2-score model, one of the most used for estimating the risk of bankruptcy in companies from different sectors, the aim is to determine the state of the financial health of the companies studied and the possible risk of bankruptcy. The information from the financial statements of sixteen companies was taken as a basis, four of which are Colombian companies, nine are from other regions of America and three from countries located in another ontinents, recognized worldwide as the most profitable in the world in 2022 (Conocedores.com, 2023). Of the sixteen airlines, nine operate under the low-cost model and the other seven with the regular model. The results reflect that they do not have a healthy financial situation and 81 percent present financial insolvency and a high probability of bankruptcy. The findings could be significant for managers, executives and those responsible for the sector, allowing them to make preventive decisions in crisis situations.Ítem El apalancamiento financiero como determinante de la productividad de las firmas: Un estudio para América Latina (2002-2010)(Universidad EAFIT, 2018) Jaramillo Rúa, Jhon Jairo; Velásquez Rodríguez, Edgar Luvín; Saavedra Caballero, FabiolaThe determination of debt levels in a company allows greater dynamism in the usage of resources and greater functionality in the development of the operation if it is carried to operational cycles -- However, such leverage is usually considered an aggressive strategy that contains a significant level of risk in the coverage of debt service, which may affect firms' productivity approaches -- Within the present study, financial leverage is analyzed using econometric techniques.as a determinant of the productivity of Latin American firms during the period 2002-2010 -- For this analysis, instrumental variables are used and the results suggest that financial leverage has a negative impact on firms' productivity, since an increase in one unit in leverage levels causes on average a 5% drop in productivityÍtem Apalancamiento financiero y su impacto en una empresa del sector textil y de la confección en Colombia(Universidad EAFIT, 2022) Restrepo Cadavid, Santiago; Durango Gutiérrez, María PatriciaÍtem Categorización del riesgo para proyectos de construcción(Universidad EAFIT, 2018) Pacheco Osorio, Andrés Felipe; De los Ríos González, Diego Alejandro; Támara Ayús, Armando LeninThe measurement of risk in private real estate and public infrastructure projects in Colombia is currently done empirically, without any established and general system for all projects, this work creates the basis for organized and equal measurement for projects of construction in Colombia, the research work begins with a literary review worldwide and then focuses on the Colombian conditions, then with a risk categorization methodology and taking as reference the two stages of the project (structuring and monitoring), establishing the Risk rating parameters between very low (C-1) and very high (C-8) levelsÍtem Estructuras de capital en el sector textil-confección en Colombia: Incidencia de la institucionalidad financiera; una revisión en el período 1995 a 2015(Universidad EAFIT, 2018) Jiménez Pulido, Laura; Vásquez Barrera, Mauricio; Franco González, HumbertoÍtem Herramientas financieras para empresas risaraldenses productoras y comercializadoras de hierbas aromáticas y frutos deshidratados(Universidad EAFIT, 2017) Quiroz Parra, Diana María; Gómez Jiménez, Sandra Eliana; Alzate Valencia, Óscar AlbertoThe department of Risaralda is, at the national level, center of agro-industrial projects, because its infrastructure, its geography and its human capital with experience in the farming sector -- Nevertheless, there isn´t an adequate and persevering use of the financial tools to plan and Project its growing -- In fact, the present research has as objective to analyze the financial tools used for the producers enterprises of aromatic herbs and dehydrated fruits, located in the department of Risaralda, to determinate its adequate put on operation, with the objective of improving its competitiveness and productivity; objective that was reached as was presented and study about financial tools, applicable to any Enterprise regardless of its size or infrastructure, and also to each one of the people pertaining to the agro-industry and the citizenship in general -- The study of the mentioned tools was focused to the analysis of liquidity, profitability, flow of free cash register, point of balance, state of sources and use of funds, operative leverage and financial leverage, and tools of creation of value as margin EBITDA, PKT and KTNO; in addition to that, some indicators of margins of profitability and the TIR for the investor -- Also, the research is of a qualitative and quantitative sort, and included, between other: interviews with producers, the market area, between governmental, local and national onesÍtem Información suave y dura: el caso aplicado para una Asociación de Pequeños Comerciantes de Alimentos y Productos Agrícolas(Universidad EAFIT, 2018) Agámez Fuentes, Carlos Enrique; Velásquez Ceballos, HermilsonAccess to financial leverage is an important factor for microentrepreneurs who are part of the business fabric of the city of Bogotá, limiting these services due to lack of guarantees that support the request, they can affect projected increases in production capacities, reducing scenarios of greater productivity or leading the microentrepreneur to use the services of unscrupulous agents -- This research analyzes the credits delivered during the 589-2013 agreement signed between the District Department of Economic Development and the Mutual Association of Farmers and Agricultural Producers of Colombia, which sought to implement a financing program aimed at Corabastos retailers for 24 months at from September 2013 -- This work begins with a description of the case study identifying variables that can provide information related to default risk, then review features that distinguish soft information and hard information, econometric models of choice are estimated discrete Logit and Probit, where the endogenous variable is qualitative, which allows to identify the variables that explain the phenomenon under study, concluding that the variable Head of Household classified as soft information and the variable Short Term Indebtedness and Term classified as information Hard, show statistical significanceÍtem Instrumentos de financiación Mezzanine(Universidad EAFIT, 2014) Olmos Mora, Martha Lucia; Uribe Ochoa, BeatrízEl instrumento mezzanine es una alternativa de financiación para las empresas, se encuentra entre la deuda y el capital toma características de ambos, permite proyectar y apoyar el financiación en las etapas de start-up, expansiones y apalancamiento para compras de empresas -- Cuando una empresa decide tomar este instrumento debe tener en cuenta sus beneficios, ventajas y desventajas, además de conocer la finalidad de la financiación debido a su mayor desventajas el alto costo -- Por otro lado, el inversionista mezzanine requiere especial énfasis en el análisis de las empresas que necesitan este financiamiento, el mezzanine aunque entrega rendimientos por encima de una deuda sénior, genera riesgo debido que se encuentra subordinada -- El sector que más utiliza esta herramienta es petroleo y gas, aunque otros sectores ya se estan involucrando aún hay bastante camino por recorrer al parecer debido a la falta de propagacion en Latinoamerica y otras latitudes -- En el caso de Latinoamérica, a pesar que las ventajas superan las desventajas, el instrumento mezzanine no es tan utilizado para la financiación de las empresas como si lo es la financiación tradicional a través de créditos bancarios, todo ello debido a la falta de conocimiento y temor en algunos casos que lo ven como una pérdida de poder en las empresas -- Por otro lado, la financiación mezzanine ha trabajado la mayoria del tiempo en EE.UU. y Europa y se estudia con más detalle un conjunto de casos mezzanine, y se analizan los factores determinantes del mezzanine respecto al crédito tradicionalÍtem Integración de estados de flujos de efectivo como modelo de análisis crediticio para banca de empresas en las entidades financieras colombianas(2018) Santa María Ospina, Antonio; Sánchez Ribero, Gustavo AlbertoÍtem Lineamientos iniciales para una política pública que apalanque financieramente el agro colombiano(Universidad Eafit, 2020) Díez López, Simón; Saldarriaga Molina, Juan FelipeAgriculture is one of the most important economic activities in production chains and in the survival of its producers and the world´s population. However, the economic and social conditions of this sector in most emerging economies are not the appropriate ones, leading to the questioning of the public policies aimed to agriculture. In this paper, the approach to improve these situations is based on a greater financial leverage for producers, focusing exclusively on the Colombian case. The goal is to provide a new basis for agrarian policies in this specific area. The document contains a review of: the current regulations dedicated to the financial leverage of agriculture, the economic and social data of the sector, and an illustration of the actors’ (users and public policy makers) perspective through an indagatory instrument; so they are contrasted with the objective of obtaining new public guidelines related to financial support in agriculture. Based on this comparison, the proposal built here consists in a long-term public policy, focusing on nine scopes, where standout: financial education, government and banking accompaniment and agricultural insurance.Ítem Métodos de apalancamiento financiero de proyectos según su tipología(2018) Moreno Monsalve, Vanessa; Gómez Salazar, Elkin ArcesioÍtem Uso de instrumentos financieros Mezzanine para apalancar Pymes en fase de crecimiento y expansión: revisión bibliográfica(Universidad EAFIT, 2014) Olarte Rico, Hasbleidy Yesenia; Herrera Echeverry, HernánEl presente artículo es resultado del desarrollo de la revisión bibliográfica del “uso de los instrumentos financieros mezzanine para pymes en fase de crecimiento y expansión” -- Pretende mostrar las alternativas de financiación mezzanine para pymes en etapas de expansión y crecimiento, además de sus beneficios y desventajas, se observaran recomendaciones de políticas públicas que se pueden establecer en Colombia para incentivar el uso de esta fuente de financiación -- Aunado a lo anterior es preciso señalar que el artículo fue construido mediante la revisión de literatura bajo diferentes aportes teóricos y empíricos realizados sobre fuentes de financiación de las pymes más utilizadas y las alternativas de los instrumentos mezzanineÍtem El Venture Capital como alternativa de inversión de las microempresas de la ciudad de Pereira para apalancar sus proyectos de emprendimiento(Universidad EAFIT, 2018) Barrionuevo Yungan, María Adela; Gómez Valencia, Víctor Hugo; Ríos Arias, Diana ClemenciaVenture Capital "is a form of investment that has shown a boom in recent years, not only in developed countries, but has been consolidating in emerging countries such as Colombia" (Unit for Analysis of Financial Markets UAMF, 2015, page 1), being promoters of important projects that contribute to the economic development of the countries -- This form of financing, which currently forms an industry and has a large participation in the economy of several countries and particularly in Colombia, is key to economic and social development, since it reaches sectors where other traditional mechanisms to obtain resources such as banking sector and other entities that can issue microloans do not access -- Therefore, in this article, we will analyze the potential that microenterprises in the city of Pereira may have to obtain leverage under this modality, identifying microenterprises with one year of registration before the Chamber of Commerce and needs that they present and that can be corrected through the VC, as well as the requirements and stages for participation in VC through a financial strategy, as a way to contribute to the sustainability and growth of medium and small businesses in the city of Pereira, positively impacting one of the biggest restrictions that the companies of this sector have in the city