Examinando por Materia "Costo de la deuda"

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    Ítem
    Análisis de la integración y la relación con el costo de la deuda de los factores ASG en las empresas incluidas en los indices de Latinoamérica
    (Universidad EAFIT, 2023) Velásquez González, María Alejandra; Vergara Garavito, Judith Cecilia
    Nowadays there is a strong tendency in the integration of ESG practices (environmental, social and governance) in the financial and real sector worldwide. Studies have been made in developed countries, nevertheless there are not enough studies for emerging economies such us the Latin-American ones, which represent different realities due to economic, social and politic variables. As a result, this investigation offers an opportunity to analyze this companies relating to their level of integration on ESG factors and the impact that this may have in the cost of debt level through the analysis of historic variables in a regression model of a data panel.
  • Miniatura
    Ítem
    Credit Risk, Cost of Capital and Excessive Financial Leverage
    (Universidad EAFIT, 2020-02-28) Gutiérrez Betancur, Juan Carlos; Mejía Kambourova, David; Gómez Cardeño, Laura; Universidad EAFIT
    Conventionally, business valuation methods do not usually incorporate explicitly the effects that the probable bankruptcy costs of the firm could have on the cost of capital. Doing this introduces a stress test in the estimation of the discount rate, which can be very relevant for the fair valuation of excessively leveraged companies traded on the stock market. In this sense, the purpose of this article is to demonstrate the resulting financial vulnerability for this type of firms by explicitly adjusting the cost of capital for bankruptcy risk, and highlighting its implications for the stock market and bank debt market, based on a comparative analysis between three alternative methods of calculating the weighted average cost of capital.
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    Ítem
    Valoración de la empresa Crystal S.A.S. por el método de flujos de caja descontados
    (Universidad EAFIT, 2019) Cruz Pomeo, Alex Mauricio; Manzano Calvache, Reynaldo; Támara Ayús, Armando
    Crystal S.A.S. is a company dedicated to manufacturing and commercialization of Latin American brands recognized in the textile market for the innovation, design and development of collections, with more than 50 years of experience and tradition. In addition, it counts with production processes starting from raw materials development to turn them into fashion products and locate them in the different sales points, owned or franchised, located in Central America, the Caribbean and South America. Due to their experience in the market, the company valuation becomes relevant in order to identify the sources of value creation thru the statistical information analysis obtained from different sectorial and regulatory factors and the company’s economic condition. Based on these premises, the company is being valued under the international financial information standards, between the yeas 2013 and 2017, starting with the mentioned data the financial statements are projected up to the year 2028, accompanied by the valuation assumptions, to finally obtain the elements to valuate the company using the discounted free cash flow method and perform a sensitivity analysis that produces greater impact and that could contribute to the process of financial decisions that generate growth, stability and profit.