Examinando por Materia "Forwards"

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    Impacto de la gestión de riesgo cambiario en la generación de valor : caso aplicado a una empresa colombiana intensiva en tecnología
    (Universidad EAFIT, 2022) Buriticá Botero, Santiago de Jesús; Parrado Muñoz, Natalia; Waserman Álvarez, Jean Paul
    Currency hedges play a fundamental role in companies due to the impact that it has on the company value as a result of stable cash flows, which allows choosing investment and growth opportunities at any time (Bekaert, G., & Hodrick, R. (2012, P 609). Likewise, some research according to Luo & Wang (2018); Giraldo-Prieto et al., (2017) ; Bartram et al., (2011), Lee (2019). Luo & Wang (2018) affirms that the use of derivatives can have a positive impact on financial performance. This study aims to analyze the impact that the use of currency hedges could generate value for a technology company in Colombia where exports are more than 50% of its services. The methodology includes the development of a Monte Carlo simulation model to analyze the possible impacts that the decisions to negotiate Forwards may have on the main value indicators of the company.