Repositorio Institucional Universidad EAFIT :: Examinando por Materia "FINANCIAMIENTO DE EMPRESAS"

Examinando por Materia "FINANCIAMIENTO DE EMPRESAS"

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A private equity firm to acquire the furniture company La-Z-Boy
(Universidad EAFIT, 2019) Puyo Velásquez, Martín; N/A
A leveraged buyout (LBO) is a common transaction within private equity firms, although not restricted to them. It refers to a transaction in which a company buys out another company, often buying the entirety of the outstanding shares and funding the transaction with debt. This type of transaction has both proponents and opponents, because while it may be true that the use of debt increases the return on equity, it may also be the case that an otherwise company with a strong balance sheet be turned into a financially distressed company. This paper goes through the process of structuring an LBO and assessing the implications that it could have for both the company and its investors.
Alternativas de obtención de recursos que no generan endeudamiento a la luz de la ley de subcapitalización en empresas Pymes
(Universidad EAFIT, 2015) Henao Yépes, Laura
La problemática de la reciente modificación en la ley de subcapitalización (decreto 627 de 2014) y el hecho de que el promedio de las empresas colombianas no tengan acceso a la emisión de acciones o de bonos en la bolsa de valores de Colombia que les provea una forma de capitalizar la compañía, además de recursos propios; ha creado la necesidad de buscar alternativas que no se consideren como endeudamiento y no requieran capitalización, con el fin de que las empresas que poseen ciertos límites de recursos, no se vean en desventaja con las empresas internacionales o nacionales que tengan acceso a capitalización o socios extranjeros
Análisis comparativo para el desarrollo de proyectos hidroeléctricos en Colombia : Project Finance versus ejecución dentro de balance
(Universidad EAFIT, 2022) Zapata Campuzano, Pablo; Paredes Zambrano, Guillermo Alfredo
The construction of hydroelectric plants in Colombia has traditionally been carried out by established players in the electric sector that use their assets as collateral to finance new projects. However, given the high risk that hydroelectric projects present, investors are evaluating alternative mechanisms such as Project Finance. This document studies, from a financial perspective, the main differences, advantages, and disadvantages of developing a hydroelectric project within a company balance sheet and under Project Finance in Colombia. A simplified financial modeling of the two schemes is also presented in the study, finding that projects executed within the balance sheet generate a higher rate of return for the investor. The study also concludes that incentives, such as Law 1715, for the development of renewable energy projects are more effective if the projects are executed within the balance sheet of the company.
Análisis del aumento en los valores del suelo estimados en un proyecto de valorización y los valores de mercado observados con posterioridad a la ejecución de las obras financiadas : estudio de caso del proyecto Valorización El Poblado, Medellín – Colombia
(Universidad EAFIT, 2022) Rodríguez Nieto, Maria José; Arango Sandoval, Sara; Pérez Moreno, Óscar Eduardo; Muñoz Mora, Juan Carlos
This research carries out an ex post analysis of El Poblado valuation project, executed in Medellín, in order to determine the differences in the estimated and the market values of the land after the construction of the 24 infrastructure works for the 321 lots located in the area of influence of the project. Based on univariate and multivariate descriptive analyses, the difference between the actual valuation of the project and that estimated in the benefit study, carried out by Fonvalmed, Medellín´s Valorization Fund, is studied. The methodology applied in this research shows that, on average, the calculated valuation is 7.63 times higher than that estimated within the framework of the project. This study aims to contribute to the scarce existing literature on the effects that public works have on land values that materialize in the market after the implementation of the valorization contribution. Likewise, to provide recommendations to the makers and implementers of public policies in order to refine the methods and estimates in this type of financing mechanisms and give legitimacy and transparency to the payment and collection process.
Análisis jurídico del esquema de financiación colaborativa o crowdfunding financiero en Colombia
(Universidad EAFIT, 2021) Saldarriaga Taborda, Manuela; Nieto Nieto, Norma
Aspectos que una empresa debe tener en cuenta para incursionar en el mercado de valores
(Universidad EAFIT, 2018) Muñoz Jaramillo, Jhon Alexander; Villa Tabarquino, Jorge Mario; Restrepo Laverde, José Valentín Antonio
Corporate finance involves an infinite number of concepts that need to be studied by financial administrators for appropriate decision making -- Corporate finance comprises a number of concepts that must be studied thoroughly by financial managers for proper decision making -- One of them corresponds to the composition of the financial structure, a matter that will always be discussed from many angles -- This time it will be addressed from the stock issuance variable, as one of the options that must be taken into account to optimize the results of the debt-equity combination, in order to generate value for companies -- The process will be carried out through an exploratory-descriptive research, with the study of two specific cases of companies located in Manizales and the municipality of Tocancipá, department of Cundinamarca -- The intention is to obtain an analysis so that companies in general identify the most relevant characteristics that must be taken into account when envisaging the possibility of participating in the stock market, and generate comparison tools for researchers who wish to delve into this issue
Caso de estudio: Fallas en los procesos de implementación de eficacias operativas en Pymes
(Universidad EAFIT, 2015) Ramos Vergara, Humberto Carlos; Cuéllar Bermúdez, Ulises Orestes; Torres Yarzagaray, Óscar
Caso empresarial : Cargaya – una startup en búsqueda de financiamiento de venture capital
(Universidad EAFIT, 2024) Cabezas Valencia, Helen Usney; Aguilar Coronado, Jilma; Calle D´Alleman, Jorge Alberto
The vision of CargaYa is to create an innovative platform that connect independent carriers with transportation companies, facilitating cargo and payment management, and promoting sustainable growth in the sector. The company’s commitment goes beyond mere commercial transactions, as it offers additional resources such as training and financing to improve the quality of life of carriers and contribute to the development of a more environmentally friendly vehicle fleet. This study of business case not only highlights the history and achievements of CargaYa, but also provides valuable guidance for other startups seeking capital through investment rounds. The objectives of this case study were focused on evaluating the financial parameters necessary to access venture capital and validate the financial due diligence model; in addition, tools were provided for financial metrics analysis and evaluating the company's position for capital raising. The CargaYa case included a relevant teaching plan for both graduate and undergraduate programs in areas such as venture capital, entrepreneurship, corporate finance, accounting, and business economics. Its comprehensive approach and positive impact on the business ecosystem made it an inspiring example of how technology can transform and improve traditional sectors such as cargo transportation.
Causas de la siniestralidad de las MiPymes en Colombia: factores internos
(Universidad EAFIT, 2015) Reina Serrano, Daniela; Callejas Mendoza, Marcela; Uribe de Correa, Beatríz Amparo
¿Cómo el crowdfunding puede impulsar el emprendimiento, la innovación y transformar la banca tradicional en Colombia?
(Universidad EAFIT, 2015) Gómez de la Rosa, Viviana Gabriela; Henao Cálad, Mónica; Ramalho Almeida, Agostinho Joao
Crowdfunding inmobiliario : ¿una amenaza para el fondo de capital privado en Colombia?
(Universidad EAFIT, 2019) Gómez Romero, Andrea del Pilar; Varela Garzón, María Alexandra; Trespalacios Carrasquilla, Alfredo
The Crowdfunding model results from the need to access credit when there are restrictions due to low credit history, high financing rates, even deteriorated credit rating. On the other hand, markets and facilitates access for professional investors to projects with returns and risks different from the traditional ones, under a regulatory framework that protects the rights of those who participate. This exploratory-descriptive research shows some of the strategies used by real estate crowdfunding sites such as Prodigy Network. This company managed to capture those users who opted for collaborative financing, originating high impact projects in Colombia and The United States, which allow their investors very significant long-term returns. It also reviews the impact of the private equity real estate on the purchase, operation and management of this sector. It is found that, despite the benefits of the model, currently it continues to be more attractive for investors to participate in Real Estate sector through traditional methods, this as consequence of operation, regulation and risk-benefit compensation.
Determinantes del endeudamiento financiero de las empresas del segmento PYME en Colombia entre los años 2011 - 2015
(Universidad EAFIT, 2017) Sanclemente Sanclemente, Daniel; Gómez Castrillón, Jaime Andrés; Restrepo Tobón, Diego Alexander
Diagnóstico financiero Pinturas y Yesos S.A.: período 2008 - 2012
(Universidad EAFIT, 2014) Vargas Diaz, Laura Mercedes; Gómez Salazar, Elkin Arcesio; Uribe de Correa, Beatríz Amparo
PINTURAS Y YESOS S.A. es una empresa familiar dedicada principalmente a la comercialización de materiales para la construcción en el departamento de Antioquia --El presente trabajo está orientado a evidenciar la problemática, en términos financieros, de la empresa y luego plantear algunas recomendaciones para la misma -- Un diagnóstico de la situación financiera de la empresa, fue el medio empleado para cumplir con el objetivo planteado -- Dicho diagnóstico se realizó a través del análisis financiero, el cual comprende unanálisis vertical y horizontal de los estados financieros, además del cálculo de los indicadores -- Se realizó, como actividad complementaria, una comparación de la empresa con los indicadores del sector en general; además se analizaron, en términos financieros, algunas empresas del sector, consideradas competencia directa de PINTURAS Y YESOS S.A. -- Con esta información se generó la matriz DOFA de la empresa, en la cual se definen las iniciativas estratégicasque se deberán alinear con el plan estratégico de la empresa y así obtener mejores resultados financieros
Diseño y propuesta de implementación de indicadores para el análisis de la gestión financiera y social - Caso Caja de Compensación Familiar COMFAMA
(Universidad EAFIT, 2017) Marín Cardona, Flor Alvany; Bedoya Salazar, Diego Alejandro
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 Clemencia
Venture 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
Estructuración de un proceso de titularización de cartera
(Universidad EAFIT, 2018) Pinzon Mosos, Cristian Enrique; Vergara Garavito, Judith Cecilia
Project Finance is an alternative source and structuring model for financing projects that require a certain amount of capital for it’s own development. This structure has been used for growth in a different economic sectors such as public and private infrastructure and kind of financial section to the securitization assets like others. Credivalores- Crediservicios S.A.S, which is a recognized company in the payroll sector that offers consumer loans to the public Companies. Looking for an opportunity to initiate a mechanism to carry out and to make a big structure to a collection security, the transfer of those assets which generate a future cash flow has been expressed in pesos to the SPV, those titles or securities serve as a guaranty are able to issue a Bond abroad expressed in dollars depending to the amount. As a result, the SPV presents a significant risk in the matter of volatility in the market rate, and decides to mitigate the risk through a derivative financial instrument called “Cross Currency Swap”. The resources issued by Bonds are monetized in pesos and transferred to the originator, who will begin to continue promoting growth in the consumer and financial sector.
Experiencias en financiación de pequeñas centrales hidroeléctricas en Colombia
(Universidad EAFIT, 2018) Idárraga García, Carlos Andrés; Quijano Restrepo, Alejandro; Greidinger Restrepo, Clara Catalina
This research project presents a compendium of information on financing instruments for the construction of small hydroelectric plants in Colombia, selected according to the market offer and the historical closures of some projects in the country, seen from the point of view of both, the investor and the funder, based on the compiled experience from some projects already built or in execution -- Thereby, considering the nature of small hydroelectric plants, also called PCHs, as non-conventional energy production projects, it presents the requirements of financial entities to participate in these projects, and the financial requirements of companies or investors that decide to invest in this sector -- It also presents an overview of the reality faced by these projects when seeking funding, the obstacles that exist in the Colombian environment and how today both investors and funders have managed to overcome them -- This document does not intend to emphasize one type of financing over another or to position a method as the best or most suitable; however, its intention is to give the reader sufficient guide based on the reality of the Colombian market to decide how a hydroelectric project can be financed, with an emphasis on the so-called PCHs
Factores determinantes del uso del confirming como alternativa de financiación de empresas del sector real en Colombia
(Universidad EAFIT, 2023) Betancur Echeverry, Eliana; Vergara Garavito, Judith Cecilia
In recent years, financing through reverse factoring has become more important in the financial performance of companies in Colombia. Especially the companies that have a high number of suppliers can make use of this alternative to improve their liquidity levels and that of their suppliers who do not have easy access to financing. In this research, different hypotheses will be tested to identify the determining factors for a company to choose to use reverse factoring as a financing alternative. For this, the financial information of 21.893 Colombian companies in the real sector will be taken as a database, of which 768 have used reverse factoring through an electronic platform that provides this service in the country. The relationship between data such as sales levels, debt and liquidity indicators will be tested to determine the use of reverse factoring.
Financiación de las micro, pequeñas y medianas empresas en Antioquia en el marco de la pandemia del COVID-19
(Universidad EAFIT, 2021) Pineda Osorio, Carlos Andrés; Pineda Toro, Oscar Mauricio; Uribe De Correa, Beatriz Amparo
The present degree project to qualify for the MBA degree from EAFIT University, is inspired by the need to investigate and understand the real situation that Colombian MSMEs, Antioqueñas, must face in order to remain in operation within the framework of this pandemic situation that It arises in 2020 and continues into 2021 and apparently until 2022. The national government reports a quick reaction and a provision of financing resources through its second-tier organizations. Private banking presents the agile establishment of support mechanisms for this economic segment. Entrepreneurs express difficulties in accessing credit and excessive procedures and analysis by banks. As an alternative, MSMEs apparently seek resources in other informal financing mechanisms and of course more expensive that end up compromising the final profitability and permanence in time of this business fabric. Seeking to have the real context, we propose a survey to the Antioquia business community that allows us to know the current perception of our entrepreneurs associated with the MSMEs and whose conclusions can be used by economic actors.
Financiando el crecimiento
(Universidad EAFIT, 2017) Marín Restrepo, Camilo Andrés; Correa Lafaurie, Luisa Fernanda
Financing growth is one of the main challenges today for entrepreneurs, since there are different debt and equity alternatives in the market for the different growth phases, but some of these are not affordable for the majority because companies are in early stages of business development -- The cash consumption demanded by growth must be predictable for the administrative team, which must define the optimum mix of debt and capital for each growth stage; this is not a standard and will depend on the type of industry and the development of the financial market in which it is -- The failure of business in its early stages is explained because they are unable to define their optimal debt / equity structure, where some may be constrained by market alternatives, while others are limited by the lack of financial knowledge in their executive team -- Therefore, this study aims to present the different alternatives offered by the financial system and its link with the different stages of growth, to provide a practical guide that allows entrepreneurs to project their growth, have a glossary of financial instruments for the different stages and their applicability

Examinando por Materia "FINANCIAMIENTO DE EMPRESAS"

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