Examinando por Materia "Coberturas"

Mostrando 1 - 4 de 4
  • No hay miniatura disponible
    Ítem
    Efectos de las finanzas comportamentales en la gestión del riesgo de la tasa de cambio en las pymes en Colombia
    (Universidad EAFIT, 2024) Carvajal Gómez, Valentina; Argüelles Jaramillo, Santiago; Villamil Villamil, Fernando Alonso
    This research analyzes the effects of biases associated with behavioral finance on exchange rate risk management in SMEs companies in the Colombian real sector. Although behavioral finance has been widely studied in the investment field, it is relevant to analyze its impact on hedging decisions to anticipate and mitigate exchange rate risk. To this end, a survey was applied to thirty SMEs and thirty risk managers of financial institutions, in order to examine the intersection between the literature on behavioral finance and the decision-making process for managing the exchange rate risk of these firms. The results reveal the prevalence of cognitive biases in this process, suggesting the necessity to present strategies and recommendations to mitigate them.
  • No hay miniatura disponible
    Ítem
    Impacto en el estado de resultados de una compañía porcícola en Colombia ante el uso de coberturas cambiarias para la adquisición de maíz
    (Universidad EAFIT, 2023) Roldán Delfino, Santiago; Urrego Gómez, José; Cardona Llano, Juan Felipe
    In Colombia, companies in the agricultural sector rely on imported materials. This forces companies to conduct transactions in foreign currencies, primarily in US dollars. This situation exposes companies to foreign exchange risk, which, along with the volatility of the Colombian peso and its dependence on the dynamism of the global economy, makes it interesting to consider the possibility of using financial instruments such as derivatives to minimize or mitigate the inherent risk in this activity. The volatility in the exchange rate generates uncertainty and high variation in the cash flows of companies in the agricultural sector due to the difficulty of making an accurate projection of cash flow, as there is a significant challenge in projecting the value that the currency will have at the time of importation. Thus, the purpose of this document is to evaluate the impact that the use of hedging through derivatives to manage exchange rate risk for the acquisition of corn would have on the income statement of a pork company in Colombia.
  • No hay miniatura disponible
    Ítem
    Impacto financiero a través de coberturas con forward para una empresa exportadora de cacao en grano en Colombia
    (Universidad EAFIT, 2022) Marín Cano, Natalia; Valencia Gil, Jhon Alexander; Cardona Llano, Juan Felipe
    Currently, many Colombian companies are facing new challenges derived from the opening of foreign markets, a fact that forces them to carry out transactions in a currency other than the local one –in this case the Colombian peso–. These operations are accompanied by risks inherent in a globalized world where it is essential to generate tools that allow them to mitigate the risk caused by market variations. Two of these risks are the volatility of the US dollar and the international price of raw materials (commodities), whose fluctuation generates uncertainty for companies, depending on external factors that directly affect their cash flows. Thus, the purpose of this document is to describe the financial impact generated by hedging financial instruments for a cocoa exporting company in Colombia that carries out operations in foreign currency.
  • No hay miniatura disponible
    Ítem
    Uso de derivados financieros para cubrir la exposición al riesgo cambiario de la empresa LAC SAS.
    (Universidad EAFIT, 2021) Flórez Ospina, Sebastián; López Ramírez, Juan Alberto; Cardona Llano, Juan Felipe
    For more than 10 years financial derivatives have been incorporated into the Colombian Stock Exchange with the objective that investors can carry out speculation or hedging operations, however, empirical evidence shows that the use of these products in companies in the agricultural sector it is not yet internalized by their owners, boards of directors or administration. therefore, a theoretical construction is carried out on the derivatives market in Colombia and on the different instruments that are used in this market to determine the possible financial strategies that a company such as Línea Agrícola Colombia SAS can contemplate to mitigate exchange risk through hedging with financial derivatives. After analyzing the financial statements of the company and reviewing the impact of the difference in the change that the company has had by not using adequate hedging instruments, we will validate the feasibility of using a future (financial derivative) to reduce this risk. Through this study, it is intended to correctly structure a hedging strategy for Línea Agrícola Colombia SAS that allows it to adequately manage foreign exchange risk in order to avoid having a negative impact on the financial statements.