Examinando por Materia "FINANZAS CORPORATIVAS - COLOMBIA"
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Publicación A safe bet : democratización de mecanismos de cobertura de riesgos de mercado a través de plataformas de predicciones(Universidad EAFIT, 2025) Jiménez-Molina, Carolina; Villamil, Fernando AlonsoPublicación Análisis de generación de valor económico y riesgo de insolvencia financiera mediante los modelos EVA y Z-Score : estudio aplicado a una empresa agroindustrial del Valle del Cauca(Universidad EAFIT, 2025) Moreno Camargo, Deiber Alexander; Tamara Ayus, Armando LeninThis research analyzes the ability of an agro-industrial company located in Valle del Cauca, Colombia, to create economic value while managing the risk of financial insolvency. Two complementary models were applied: Economic Value Added (EVA) to determine whether the company generates returns above its cost of capital, and Altman's Z-Score to assess the likelihood of bankruptcy using key financial ratios. The analysis covers historical financial statements and projections from 2019 to 2029. Findings indicate consistent value creation throughout the period, although the Z-Score remains within the gray zone, suggesting a moderate but persistent financial risk. Based on the results, strategic recommendations are made to reinforce the company’s financial structure and reduce exposure to insolvency.Publicación Análisis del impacto en el costo de la deuda mediante la transición de ente regulador : un caso de estudio sobre diversificación de fuentes de fondeo en una compañía de financiamiento de Colombia(Universidad EAFIT, 2025) Alzate Idarraga, Paula Andrea; López Gallego, Natalia; Cardona Llano, Juan FelipeThe study analyzes the impact on a Colombian finance company's cost of debt when its regulatory authority changed from the Superintendency of Companies to the Superintendency of Finance. To this end, historical financial statements from 2020 to 2024 were used, applying a quantitative methodology to backtest the different regulatory scenarios and their impact on the financial statements. Through the analysis of regulatory requirements, fundraising is modeled, and the effect on indicators such as the cost of debt and WACC is evaluated. The study aims to determine whether the change allows for more efficient diversification of financing sources, reduction in funding costs, and generation of greater for shareholders, despite the additional regulatory requirements.Publicación Análisis financiero sector floricultor del Oriente antioqueño(Universidad EAFIT, 2025) Murillo Mosquera, Jair Arded; Restrepo Román, Estefany; Valenzuela Barrera, Jesús Alberto; Uribe de Correa, Beatriz Amparo; Uribe Marín, Ricardo; Jair Murillo Mosquera, Estafany Restrepo Román, Jesus Valenzuela.This research analyzes the financial management performance of the floriculture sector in Eastern Antioquia, Colombia, a region of strategic importance for national flower exports and rural employment. Using a mixed-methods approach, the study examines financial statements from 2021-2023 for five leading companies and supplements quantitative findings with qualitative insights from interviews with industry executives and association representatives. The findings reveal that, despite the sector’s resilience to external shocks such as the pandemic, it faces structural challenges including rising production costs, shrinking profit margins, high dependence on international markets (especially the U.S.), logistical bottlenecks, and the need for ongoing innovation. Significant differences in financial management and strategy are observed among companies, with Flores El Capiro and Sayonara standing out for their efficiency, market diversification, and organizational culture. The study concludes that the sector’s long term sustainability and competitiveness hinge on prudent financial management, technological investment, market diversification, and improvements in logistical infrastructure.Publicación Climate Risk and the Credit Trap : How Vulnerability Undermines Adaptation in Colombian Agriculture(Universidad EAFIT, 2025) Patiño Osorno, Juan Manuel; Álvarez Franco, Pilar BeatrizPublicación ¿Cómo crece el sector productor de plantas en Colombia? : un enfoque según la Ley de Gibrat y el Modelo Gravitacional(Universidad EAFIT, 2025) Serna Velásquez, Mariana; Tsubota Nakamura, Tomonobu; Cortés Durán, Lina Marcela; Téllez Falla, Diego FernandoIn Colombia, the agricultural plays a crucial role in driving development and economic growth. It serves as the cornerstone of the productive chain, generating plant propagation stock, food, and raw materials, among other essentials inputs. This research analyzes the financial performance of Colombia's nursery sector from 2019 to 2023, using Gibrat's Law and the Gravity Model. The findings reveal that the growth of companies in this sector is predominantly determined by factors associated with their historical performance, in connection with the market's consumption capacity.Publicación Creación de valor en desinversiones : estudio de la venta de Summit Materials por Cementos Argos(Universidad EAFIT, 2025) Lopera Cuartas, Ángelo; González Rios, Ricardo; Correa García, Jaime AndrésThis study evaluates the financial value creation derived from Cementos Argos’ divestment of its stake in Summit Materials following their integration within the U.S. cement market and its subsequent acquisition by Quikrete Holdings. Using a mixed-method approach that combines financial, comparative, and sensitivity analyses, the research examines key indicators such as Economic Value Added (EVA), Return on Investment (ROI), EBITDA, and stock market performance. The results show a return above the sector average, with an internal rate of return (IRR) of 39% and a 43% increase in share value, confirming efficient capital management and tangible value creation for shareholders. This study provides empirical evidence that mergers and divestitures, when managed with financial discipline, effective integration, and strategic alignment, can serve as sustainable mechanisms for long-term value creation in capital-intensive industriesPublicación Derivados financieros como herramientas para mitigar el riesgo cambiario en empresas de instrumentación y control industrial en Colombia(Universidad EAFIT, 2025) García Santamaria, Juan Pablo; Molina Sierra, Luis FelipeThis research addresses exchange rate risk in Colombian companies in the industrial instrumentation and control sector, which are highly exposed to exchange rate volatility due to their dependence on foreign equipment and technology, thus impacting their financial stability. The lack of hedging strategies increases this exposure, generating uncertainty in cost management and profit margins. As an alternative to mitigate this risk, the research proposes the use of financial derivatives, instruments for managing exchange rate exposure that, despite being efficient in stabilizing costs and financial planning, exhibit limited implementation in the Colombian market due to a lack of knowledge. The research determines the implications of applying this strategy, providing an analysis to help Colombian companies in the sector make decisions regarding exchange rate risk management through financial derivatives.Publicación Desempeño financiero de las empresas BIC en Colombia : estudio comparativo de las empresas BIC vs sus pares no BIC desde la vigencia de la ley a cierre 2024(Universidad EAFIT, 2025) Dueñas Rios, Jennyfer Milena; Ruiz Vanegas, Laura Juliana; Restrepo Ochoa, Diana Constanza; Téllez Falla, Diego FernandoPublicación Diseño de la estructura de costos para una empresa de reparaciones locativas en el sector privado en Bogotá en el año 2025(Universidad EAFIT, 2025) Medina Pinto, Nubia Esperanza; Muñoz-Gómez, Nicolás Fernando; Giraldo Hernández, Gina María; Uribe Marín, RicardoPublicación Estrategia competitiva para una empresa de servicios de tecnologías de la información(Universidad EAFIT, 2025) Zapata Cortés, Paula Cristina, Paula Cristina; Delgado Restrepo, Ricardo; Giraldo Hernández, Gina MaríaPublicación Estrategias corporativas y financieras para un portafolio de negocios diversificado, fundamentadas en la generación de valor para la compañía(Universidad EAFIT, 2025) Bolaños Muñoz, Diana Cristina; Villarraga Páramo, Jairo Andrés; Hernández Bonet, ÁlvaroPublicación Estructuración de modelo financiero para el Grupo Formas Íntimas : impulsando la creación de valor período 2024 - 2026(Universidad EAFIT, 2025) Sepúlveda Hernández, Verónica; Vásquez Diaz, Richar Jair; Pérez Arbeláez, SebastiánGrupo Formas Íntimas, a leading Colombian company in the textile sector, faces the challenge of optimizing its financial performance to maximize value creation and strengthen its competitiveness in the market in which it operates. This research aims to diagnose and analyze its financial performance, identifying strengths and areas for improvement to propose the design of a model that strengthens its financial management. Through a comprehensive financial analysis, which included the use of key indicators such as profitability, liquidity, debt, and leverage, the company seeks to answer the question: How does Grupo Formas Íntimas´ financial performance contribute to value creation? The results obtained allowed to assess the company´s current status and formulate practical recommendations that encourage its sustainability and growth, aligning its resources with its strategic objectives and the expectations of its stakeholders.Publicación Evaluación de modelo de flujo de caja en riesgo (CEFaR) para estimar riesgos financieros en la construcción y operación de un restaurante en altamar(Universidad EAFIT, 2025) Ramírez Candado, Judy Lissette; Parra Chamorro, Natalia Alejandra; Támara Ayús, Armando LeninPublicación Identificación de alertas tempranas sobre una posible liquidación empresarial. Caso Conecta Salud S. A.(Universidad EAFIT, 2025) Ballesteros Martínez, Manuel Alejandro; Campo Ramírez, Nicolás; Orozco Echeverry, César AugustoConecta Salud S.A., a company established by public deed No. 4594 on December 31, 2011, and registered with the Cali Chamber of Commerce on February 10, 2012, had as its corporate purpose the commercialization, development, and provision of technology services to clients linked to the General System of Social Security in Health. This included services related to data processing, networks, and other information technology activities resulting from the operations of natural or legal persons aimed at conducting electronic information transactions. The company operated as a subsidiary of the Cooperativa Médica del Valle y de Profesionales de Colombia (Coomeva), which held 52% of its capital. On November 10, 2022, an extraordinary general shareholders’ meeting was held to discuss the early dissolution of the company. This decision stemmed primarily from difficulties in generating new operating income, the devaluation of productive assets, and liquidity problems in meeting operational obligations. These issues led to the reasonable conclusion that the company lacked both the structural capacity and the resources necessary to operate predictably in the future. Moreover, it no longer met the going concern assumption, further reinforcing the uncertainty surrounding the continuity of its business model.Publicación Impacto de la evasión de impuestos sobre el valor de una empresa(Universidad EAFIT, 2025) Ospina Fuentes, Alejandro; Durango Gutiérrez, María PatriciaThe purpose of this study is to analyze the impact of tax evasion on the valuation of a family business belonging to the construction sector in Colombia. To this end, the main tax evasion practices implemented by the organization are identified, a quantitative model is formulated to estimate their effect on business value, and the financial and operational consequences derived from these practices are evaluated. The research is based on the analysis of a family business with structural weaknesses in key areas of administrative management, such as accounting, corporate finance and tax compliance. These weaknesses have led to recurring tax penalties and a significant reduction in the company's liquidity, compromising its operational stability. Through a rigorous methodology that combines financial analysis and tax risk assessment, the study seeks to demonstrate that, although tax evasion may generate apparent benefits in the short term, it has substantial negative impacts in the medium and long term, affecting the sustainability, corporate reputation and economic value of the company. Finally, recommendations are put forward aimed at strengthening the organization's tax and accounting practices, with the objective of reducing exposure to tax risk, avoiding legal penalties and optimizing its overall financial performance.Publicación Impacto sobre el costo de capital de las empresas del sector repuestos para motos en el eje cafetero, frente a la formalización de persona natural a sociedad por acciones simplificada S.A.S.(Universidad EAFIT, 2025) Angulo Betancurt, Stiven; Avalo Mazo, Juan Carlos; Cardona Llano, Juan FelipeThe cost of capital represents the profitability demanded by investors when financing business assets through debt or equity. This research analyzed the impact of the formalization from natural person to Simplified Joint Stock Company (S.A.S.) on the cost of capital in three leading companies of the motorcycle parts sector in the Eje Cafetero in Colombia. Information from the Financial Information and Analysis System (SIIS) of the Superintendence of Corporations was used, simulating their performance under the figure of natural person. Additionally, a financial model was applied to estimate the cost of capital in both regimes. The results indicate that formalization as an S.A.S. affects the cost of capital, conditioned by factors such as the profit before taxes (UAI), the tax burden and the tax shield. It is concluded that there is a relevant impact, although its analysis requires careful consideration of the variables involved and the quality of the data in emerging contexts.Publicación Implementación de estrategias financieras sostenibles en empresas privadas de economía circular en Colombia(Universidad EAFIT, 2025) Albarracín Lara, Hosman Giovani; Gómez López, Juan FelipeDetermining a framework of sustainable financial strategies for businesses using the Colombian circular economy model is the aim of this study. A solution structured around seven key strategies is proposed: organizational integration of sustainability and finance, strengthening of technical capacities, inclusion of impacts (ESG) in accounting, tax incentives, guarantee mechanisms for green credit, impact assessment systems and reduction of entry barriers to financing. These strategies allow increasing the efficiency in the use of resources, reducing environmental impact, improving access to financing and consolidating corporate reputation. The methodology is based on a qualitative approach with documentary review, seeking to recognize viable practices that can be adapted to the Colombian context.Publicación Influencia del nivel de endeudamiento y sus costos en la estructura de financiación del capital de trabajo y la rentabilidad de las pymes del sector de la construcción en Medellín(Universidad EAFIT, 2025) Henao Gómez, Luis Alberto; Sierra Correa, Grimaudis David; Sánchez Ribero, Gustavo AlbertoPublicación Metodología para la evaluación del riesgo de concentración sectorial en el portafolio de crédito de Bancolombia bajo el Marco de Basilea(Universidad EAFIT, 2025) Sáenz Cubillos, Diego Alberto; Salinas Gil, Sergio Andrés; Rojas Ormaza, Brayan Ricardo; Durango Gutiérrez, María PatriciaThis paper analyzes the sector concentration risk in Bancolombia's commercial credit portfolio and its impact on the additional capital required under the Basel regulatory framework. The study poses the following central question: What level of sector concentration does Bancolombia have and how does this impact its economic capital requirements? To answer this question, sector portfolio data, risk parameters (probability of default PD, loss given default LGD, and exposure at default EAD), and current regulations were used. The methodology combines concentration indicators (Herfindahl-Hirschman, Gini, and Theil), sector stress simulations, and economic capital models such as the Asymptotic Single Risk Factor (ASRF) and its multifactor extension. This approach allows for comparing real-life scenarios with counterfactual diversification scenarios, identifying the sectors that contribute most to concentration risk, and estimating the additional capital required. The results seek to provide guidelines for strengthening risk management within the framework of the Internal Capital Adequacy Assessment Process (ICAAP) and, thereby, contribute to the entity's financial stability.