Examinando por Materia "Income Before Taxes"

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    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 Felipe
    The 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.