Examinando por Materia "Programa Reconocimiento IR - Bolsa de Valores de Colombia"

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    Ítem
    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
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    Ítem
    Relación entre gobierno corporativo y generación de valor en las empresas con Reconocimiento IR
    (2018) Castaño Marín, Jennyfer Carolina; Castro Duque, Yuliana; Gaitán Riaño, Sandra Constanza
    With this study, we can identify the relationship between corporate governance and the value creation -- The result obtained provides the latest measures related to the adoption of the practices of the country code and its implementation -- For the development of the research, to 2017 was chosen a sample of 25 companies that counted with IR recognition, which is granted by the Colombian stock exchange -- This information was collected from the surveys of the year in 2013 to 2016 period, this corresponds to reports from each of the companies to Colombian Financial Superintendence and which are also published on their web pages; they were tabulated manually to find an index of compliance of corporate governance, which created an economic model of linear regression that also includes financial variables -- Finally, the results of the study conclude that there is a positive relationship between corporate governance and the value creation for the study period, which indicates that Colombian companies remain in the position of adopted best practices that generate value for organizations and that lead to contribute to a stable and attractive financial market for investors