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The weighted average cost of capital over the lifecycle of the firm: is the overinvestment problem of mature firms intensified by a higher WACC?
(Universidad EAFIT, 2016-01-18)
Firm lifecycle theory predicts that the Weighted Average Cost of Capital (WACC) will tend to fall over the lifecycle of the firm (Mueller, 2003, p. 80-81). However, given that previous research finds that corporate governance ...
Determining the Optimal Selling Time of Cattle: A Stochastic Dynamic Programming Approach
(Universidad EAFIT, 2015-07-09)
The world meat market demands competitiveness and optimal livestock replacement decisions can help to achieve this goal. We introduce a novel discrete stochastic dynamic programming framework to support a manager’s ...
Veinte años de funcionamiento del Mercado Eléctrico Mayorista en Colombia: algunas reflexiones
(Universidad EAFIT, 2015-09-04)
The aim of this paper is to analyze wholesale electricity market performance in the twenty years of existence. After describing spot market operation, the market for long-term and reliability charge, we analyzed the effect ...
Welfare gains of the poor: An endogenous Bayesian approach with spatial random effects
(Universidad EAFIT, 2015-07-07)
We introduce a Bayesian instrumental variable procedure with spatial random effects that handles endogeneity, and spatial dependence with unobserved heterogeneity. We find through a limited Monte Carlo experiment that our ...
Determinantes del rendimiento académico en Colombia: pruebas ICFES Saber 11º, 2009
(2011-04-25)
In this paper, we use the results obtained by students in math and language test ICFES Saber 11th of the second half of 2009, the aim is to identify the determinants of academic performance in Colombia. We use the Generalized ...
Mecanismos utilizados para monitorear el poder de mercado en mercados eléctricos: reflexiones para Colombia.
(2012-08-20)
The objective of this paper is to investigate the viability of using the Residual Supply Index (RSI) in the Colombian electrical pool, in order to promote market competition. We base our evaluation on a literature review ...
Sincronización en américa latina
(2012-09-03)
The economic integration is reflected in growing trade in goods, financial movements and foreign direct investment, events that have led to greater synchronization of business cycles worldwide. We study the economic ...
Venta cruzada en los fondos de pensiones colombianos: una aproximación mediante análisis de supervivencia.
(2011-03-08)
The development of commercial strategies for effective cross-sell pension services may be one of the biggest challenges of pension funds. The database of the affiliates of a Colombian mandatory pension fund was used to ...
Cognitive Skills, Schooling Attainment, and Schooling Resources: What Drives Economic Growth?
(2009-11-15)
This paper presents evidence that students’ test scores at ages 9 to 15 are not a good proxy for a nation’s stock of human capital. Across countries test scores rise with increases in human capital up to $40,000/adult ...
Quantifying slumness with remote sensing data
(Universidad EAFIT, 2013-08-08)
