Repositorio Institucional Universidad EAFIT ::Examinando por Materia "GOBIERNO CORPORATIVO"

Examinando por Materia "GOBIERNO CORPORATIVO"

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Análisis de inversiones sostenibles en Colombia
(Universidad EAFIT, 2021) Marín Quiroga, Jorge Enrique; Howard Hernández, Rachel Catalina; Vergara Garavito, Judith Cecilia
Social responsibility and its close relationship with the economic and financial behavior of the multiple investments that are traded daily in the different markets, has been one of the concepts that are being included in the different analyzes for investor decision-making due to to the environmental, social and corporate governance approach (Responsible Investments). The so-called green bonds are attractive to investors, mainly due to the fulfillment of the UN's sustainable development objectives, which imply strengthening the responsible growth of their banks and improving their corporate image. Sustainable investments would imply more competitive interest rates in the market for investors. Colombia will improve its image before entities such as the IDB and IFC by demonstrating that it is managing sustainable projects and in this way it will attract the attention of foreign investors who buy responsible investments as a requirement of many funds worldwide. This study aims to analyze the behavior of sustainable investments versus traditional investments to inform the advantages they have and their profitable application.
Análisis de la integración de factores ambientales, sociales y de gobierno corporativo en la administración y toma de decisiones de los bancos del sistema financiero en Colombia
(Universidad Eafit, 2020) Doria Fernández, Andrés David; Vergara Garavito, Judith Cecilia
This paper presents an approach to the advances in environmental, social and corporate governance (ESG) of the banks that make up the Colombian financial system, exposing the theory that relates their corporate performance to good ESG practices. In addition to this identification, the policies that each one applies in terms of ESG were mapped using the following public sources of information: management reports, reports and disclosures, sustainability reports and the Código País implementation report of Superintendencia Financiera de Colombia, among others. Lastly, banks were classified in ranges from highest to lowest compliance or adherence to ESG policies, and an analysis was made of the most profound factors that affect the adoption of ESG policies in the Colombian financial sector.
Análisis de las buenas prácticas en juntas directivas para empresas del Distrito de Medellín
(Universidad EAFIT, 2024) Toro Sierra, Santiago; Jaramillo Londoño, Laura Victoria; Téllez Falla, Diego Fernando
Análisis del desempeño de las empresas que cotizaban en la Bolsa de Valores de Colombia entre 1981 y 1988: una visión desde gobierno corporativo
(Universidad EAFIT, 2017) Arango Giraldo, Carolina; Herrera Roldán, Mariana; García Rendón, John Jairo; Velásquez Ceballos, Hermilson
Aproximación a los requerimientos de la OCDE en empresas colombianas: una mirada a los riesgos de fraude y corrupción
(Universidad EAFIT, 2017) Chavarría Posada, Vicky Stefany; Gil López, María Cristina; Gómez Orjuela, Fredy Humberto; N/A
From the years 80' together the multilateral organizations and the emerging economies are developing mechanisms against fraud and corruption in the quest to secure the sustainable development of their economies -- Therefore, our topic of research focuses on identifying how they integrate the OECD guidelines on issues of corporate governance, bribery in international transactions and policies for the protection of consumers, within the management of the risk of fraud and corruption in some public and private entities in the city of Medellin -- This objective is achieved through the qualitative methodology, using the case method, with the realization of in-depth interviews with leaders of the risk management processes, diagnosing the maturity state faced with these issues and concluding on the opportunities for improvement that are derived from this study -- The main findings suggest that companies are working on matters required by the OECD and reported progress in their methodology to manage risks, mainly on issues of corporate governance with the aim of combating the risks of fraud and corruption, component which serves as a reference to manage the risk of bribery; with regard to the policies of the consumer is identified which have been implemented the new legal requirements
Articulación de la gestión de riesgos y el gobierno corporativo en instituciones de educación superior
(Universidad EAFIT, 2021) Fernández Romero, Shirley; Rivas Montoya, Luz María
Buenas prácticas de gobierno corporativo recomendadas para implementar en las start-ups y maximizar la generación de valor
(Universidad EAFIT, 2023) Jaramillo Correa, Felipe; Puerta Londoño, Juan Miguel; Mejía Jaramillo, Alejandro
The definition and administration of the finances of a venture are vitally important bases so that the idea can later prosper and become a competitive and sustainable company over time. Considering that in the entrepreneurship market there are barriers that hinder the construction of a startup, through this work the instruments that generate links between finance and corporate governance are identified, in order to provide suggestions and ideas to apply them and overcome these obstacles. For this purpose, historical data was taken from companies of the same nature and financially successful, that applied good corporate governance practices and are currently benchmarks.
Caracterización de prácticas de gobierno corporativo de una organización en proceso de reestructuración empresarial: el caso Fabricato S.A.
(Universidad EAFIT, 2017) Calvo Sánchez, Sandra Milena; Villada Alzate, José David; Gaitán Riaño, Sandra Constanza
Currently, at the national and international level have been made famous cases of financial corruption in very important companies in the identified failures in the corporate ethics within the practices of corporate governance as a common factor, thus affecting their shareholders -- In this sense, this paper will focus on characterizing the practices of corporate governance (CG) in the organization Fabricato S.A. in the process of restructuring and identified how such practices could have an impact on its financial results -- One of the purposes that guide the research is the development of an improvement plan to propose the implementation of strategies that allow the adoption of good corporate governance practices in the prevention of an insolvency process -- In addition, we will look at the financial situation of the last years of the organization to analyze by applying tools of qualitative and quantitative analysis on the basis of the information to describe your situation in terms of the CG and its impact on the financial status
Caso grupo EPM - sostenibilidad financiera
(Universidad EAFIT, 2023) Quiceno Upegui, Tatiana; Rivera Duque, Fausto; Gaitán Riaño, Sandra Constanza
Empresas Públicas de Medellín E. S. P. (EPM) is a State industrial company in which the municipality of Medellín has a 100% stake. In turn, as the owner or majority shareholder of different national and international companies, it consolidates its financial information with the corporate name Grupo EPM. Within the scope of its strategic growth, EPM signed a framework agreement in 2007 to define its relations with the municipality of Medellín under regulatory criteria, and in the same year created the code of good governance, which extended to its subsidiaries to transmit confidence to investors and lenders; likewise, since 2009, EPM has issued international bonds. Therefore, the signing of multilateral agreements, national and international loans and the issuance of national and international bonds forces it to comply with covenants. Taking into account the participation of the State in the group´s decisions and that this is an important source of income for government plans, this case study addresses the financial sustainability of the company by analyzing the financial statements from the perspective of the CFA Institute and the estimation of the probability of bankruptcy or insolvency using the Ohlson and the Z-score models. In addition, to understand not only the company´s history but also its possible permanence in the long term, qualitative variables such as corporate governance, debt ratings and relevant information provided by the group to Superintendencia Financiera de Colombia are taken into account.
Compensación ejecutiva y desempeño de la firma: Un análisis para el mercado norteamericano
(2018) González López, Ximena; Téllez Falla, Diego Fernando
The every-day decisions made by executives reflect the actions to reach short and long-term objectives for shareholders -- To understand decisions using numbers generates results that allow us to analyze the relationship between the executives’ compensation and the financial performance of a company -- In this dissertation, an analysis for 30 firms in six North American industry sectors is carried out, where is considered the existing relationship between the executive compensation and the performance that these companies had between 2010 and 2016 -- In the development of this research goes over the origin of the compensation, the agency theory, and the blend between the fixed and variable remuneration -- The latter take relevance on the analysis of data that carries out the link of the companies’ performance -- The importance of this analysis lies on the need to find evidence about the relationship between the principal (investors), the agent (executives), and the behavior, by business sector, according to the American classification
Compensación ejecutiva y su aplicación a una empresa de consultoría
(Universidad EAFIT, 2018) Páez Sandoval, Leidy Marcela; León Castro, Julieth Ginneth; Manrique Manrique, Andrés
This work seeks to determine an adequate executive compensation system through a diagnosis made to Consultoría Colombiana S.A an engineering company -- We study the concepts of agency theory and the influence on a corporative goverment are studied so most of the interests of both shareholders and directors are aligned -- For this purpose, financial information and perceptions of shareholders and directors will be collected with respect to executive compensation and how it is currently generating or destroying value -- However, to be clear about how to define executive compensation in the company, certain concepts must be determined and implemented, such as: How executive compensation is developed, identify agency problems and possible solutions to mitigate the risk of perverse incentives, like in which way corporative goverment evaluates the incentives that are provided to Project directors -- Finally, through the results obtained by the investigation, a diagnosis will be delivered to the engineering company and a compensation scheme based on a linear regression model that aligns the interests of directors with the financial performance of the company is proposed
El conglomerado: la responsabilidad de la matriz o controlante
(Universidad EAFIT, 2016) Olmos Puello, Stefanía; Londoño Restrepo, Álvaro
Consultoría de Gobierno Corporativo con énfasis financiero para Pymes
(Universidad EAFIT, 2018) Restrepo Franco, Fernando Alberto; Ruiz Bonilla, Jorge Alberto; Mora Cuartas, Andrés Mauricio
The feasibility of creating a company for the Corporate Governance Consultancy allowed us to carry out several studies, among which the one that sought to establish the target market for the company stands out -- Its importance being that it was a first contact with potential clients and their needs in the field of consultancy, there was a high level of ignorance of the topic of Corporate Governance (88%), and therefore a low demand for this service (5%), but also that there is an 8% of the respondents interested in the subject -- There are technical, administrative, legal and environmental conditions for the assembly of the project; is it required an office equipped with office equipment, and computer, located in a strategic business location in the city of Pereira, given its access conditions and its Closeness to business centers and public offices -- There is in the city the administrative conditions of existence of personnel trained to fulfill the functions of consulting and others that the company requires for its proper functioning -- The company can be legally registered as an S.A.S. -- For not generating noise, or polluting waste, you can also recycle paper that is your main waste -- The size of the market, despite being relatively small 8%, allows reaching break-even point in year one of the project with 17,856 hours of advice sold and profits of 102,838,860, with an IRR of 106.44% and a Net Present Value (VPN) of $ 472,659,418
Corporate governance and firm value: empirical evidence from electric utilities
(Universidad EAFIT, 2019) Arias Ramírez, Isabel; Martínez Restrepo, Maria Clara; Restrepo Ochoa, Diana Constanza; Alzate Vélez, Juan Manuel
This study analyzes the impact that Corporate Governance has in the firm value of electric utilities in 2018. It develops the description of the role that Corporate Governance plays in an enterprise, making an emphasis in the behaviors that are seen towards the firm innovation capacity and the importance of choosing the electric industry as the sample of analysis. Data availability was a major constraint to assess the proposed relationship. Nevertheless, an OLS regression was performed for a 2018 cross-sectional database evaluating firm value, measured by the Tobin’s Q ratio, against the governance rating of the CSRHub and several other control variables. Our results show a positive and significant relationship between the quality of corporate governance and the value of the company. In view of the restrictions caused by the data availability for an analysis of this kind, suggestions are made for further research that can be held to strengthen the results shown in this study.
Determinantes de las fusiones y adquisiciones en América Latina: un análisis de los factores macroeconómicos
(Universidad EAFIT, 2016) Aristizábal López, Brayan; Cortés Durán, Lina Marcela; García Rendón, John Jairo
Direccionar la sostenibilidad desde la junta directiva: un imperativo estratégico de empresas líderes en el mundo
(Universidad EAFIT, 2015) Rodado Grijalba, Beatríz; Uribe de Correa, Beatríz Amparo
El propósito de esta investigación es demostrar la importancia de direccionar la sostenibilidad desde la Junta Directiva, dado el impacto que esta tiene en la materialización de la estrategia del largo plazo y en el modelo de negocio de las compañías -- Con base en el estudio teórico y de las prácticas que existen en empresas del mundo, se propone la generación de un modelo de gobierno corporativo que proporcione la arquitectura necesaria para lograr un adecuado direccionamiento de la sostenibilidad desde la Junta Directiva -- Este modelo propone adecuar los elementos que en la práctica han demostrado ser determinantes para un óptimo desempeño del órgano colegiado y sus funciones principales hacia la gestión que en materia de sostenibilidad corresponde a la Junta Directiva según su responsabilidad fiduciaria y la mega tendencia hacia la sostenibilidad, orientando a la organización hacia el cumplimiento de los objetivos estratégicos de la misma y hacia una cultura que permita lograrlos -- Al ver la necesidad que en la práctica tiene para las Juntas Directivas el brindar una ruta clara que oriente los pasos o hitos a lograr para tener un adecuado direccionamiento de la sostenibilidad, se propone el siguiente camino: 1- Lograr un pensamiento “mindset” estratégico desde la cabeza; 2- Asegurar el liderazgo y conocimiento 3- Participar en la definición del diagnóstico y el método de indicadores; 4- Efectuar la gestión adecuada; 5- Lograr un reporte y comunicación efectiva con los grupos de interés de la organización; y finalmente lograr un monitoreo orientado por la visión dual de la sostenibilidad
Diseño de un mecanismo de buenas prácticas de gobierno corporativo para empresas del sector solidario
(Universidad EAFIT, 2021) Bejarano Dominguez, Jorswat Enrique; Buitrago Castro, Ricardo Arturo; Urbano Ortiz, Romario; García Medina, Norma Liliana; Mejía Lara, María José
Diseño de una estructura de buenas prácticas de gobierno corporativo para ESAL : caso CORDESSOL
(Universidad EAFIT, 2024) Franco Sepúlveda, Esteban; Gil Cárdenas, Fabio Mauricio; Téllez Falla, Diego Fernando
The present thesis aims to analyze and propose good corporate governance practices applicable to CORDESSOL, a Non-Profit Organization (NPO) in Colombia. Corporate governance refers to the set of principles, norms, and procedures that regulate decision-making and management within an organization, in order to ensure transparency, accountability, and the fulfillment of institutional objectives. In the Colombian context, NPOs play a crucial role in promoting social welfare and community development. However, they often face governance challenges as they typically operate with limited resources and heavily rely on donations and external financing. The research was conducted using a mixed-method approach, which included a literature review and analysis of NPO cases in Colombia.
Efectos de la implementación de buenas prácticas de gobierno corporativo en la rentabilidad del sector bancario colombiano
(Universidad EAFIT, 2024) Sánchez Núñez, María Isabel; Gaitán Riaño, Sandra Constanza; Téllez Falla, Diego Fernando
In this research work, the effects of the implementation of good corporate governance practices in 24 Colombian banks in the period 2015-2019 were identified using panel econometric models in order to analyze the relationship between these practices and ROE, net interest margin, leverage multiplier and asset turnover. The positive and significant impact on the leverage multiplier and asset turnover was found, as well as the negative relationship between net interest margin and ROE in relation to good corporate governance practices. In addition, the relationship between representative qualitative characteristics of banks, such as origin, stock exchange listing and AAA risk rating, with the implementation of good corporate governance practices was analyzed, and it was found that banks listed on the stock exchange had greater incentives to comply with them.
Efectos de la implementación del Programa de Reconocimiento IR en el valor de mercado de las firmas
(Universidad EAFIT, 2018) Giraldo Gil, Mayra Alejandra; Checa Narváez, Karen Natalia; Téllez Falla, Diego Fernando
The objective of this paper is to perform an analysis of the effect that the implementation of the IR Recognition program has on the market value of the companies that are listed on the Colombian Stock Exchange and that decided to voluntarily apply compliance with best practices in such matters. such as: i) Relationship with investors, ii) Disclosure of information to investors and the market in general and iii) Corporate Governance -- It is expected, as a result of the implementation of this program, that the market value of the issuing companies have a positive reaction -- To verify this hypothesis, an event study was carried out with the 32 companies that are registered in the IR program of the Colombian Stock Exchange; the results of the event study showed that there were no positive abnormal returns in the prices of the shares of the companies, demonstrating, thus, the IR program was not captured, generally, by the market

Examinando por Materia "GOBIERNO CORPORATIVO"

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