Examinando por Materia "Criterios ASG"

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    Estandarización de los reportes de sostenibilidad y su relación con el desempeño financiero en las empresas del Mercado Integrado Latinoamericano (MILA)
    (Universidad EAFIT, 2025) Ruiz Tamayo, David; Charry Rodríguez, Paula Viviana; Téllez Falla, Diego Fernando; Restrepo Ochoa, Diana Constanza
    This research analyzes the implications for the perception of the quality of sustainability practices assessed through ESG ratings (Environmental, Social and Governance) and the adoption of reporting standards for non-financial information in leading companies in Mercado Integrado Latinoamericano (MILA). It also examines how standardization, homogeneity, and information asymmetry influence the actual valuation of assets and investor perceptions. To address this analysis, a quantitative model was constructed to measure the relationship between good sustainability practices and financial profitability. The methodology involves collecting data from companies in Colombia, Mexico, Peru, and Chile that have adopted ESG initiatives, in order to identify patterns and levels of correlation using econometric models. The research seeks to contribute to the literature on sustainability and finance by offering tools for more informed investment decision-making.
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    Inversión ASG frente a inversión tradicional en Colombia. Un asunto de eficiencia
    (Universidad EAFIT, 2024) Ochoa Jiménez, Isaac; Restrepo Ochoa , Diana Constanza
    Although investing under environmental, social and governance (ESG) criteria has recently gained interest, the academic literature still does not allow to conclude whether acting in accordance with such criteria partially sacrifices the pecuniary benefit or efficiency sought in the traditional investment. This research analyzes whether investment that incorporates ESG criteria presents differences with respect to traditional investment, by comparing its risk-return relationship in the Colombian stock market in the period 2015-2022. To do this, two indices were built under ESG criteria, and their performance was compared with the MCSI Colcap index, where the latter, as the general index of the Colombian stock market, represents traditional investment. The results of the study reflect that, when studying the entire samples based on the Sharpe ratio, ESG investment was more efficient than traditional investment. However, during the pandemic period, the latter performed better. The explanation of why these results were presented for ESG investment will give rise to other studies on the subject.