Prácticas de presupuesto de capital: evaluación empírica en un grupo de empresas del sector de la construcción en Colombia

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dc.citation.epage163
dc.citation.issue39
dc.citation.journalTitleEcos De Economíaspa
dc.citation.spage143
dc.citation.volume18
dc.contributor.affiliationDepartamento de Finanzas, Universidad EAFITspa
dc.contributor.affiliationDepartamento de Finanzas, Universidad EAFITspa
dc.contributor.authorOchoa Yepes, Juliánspa
dc.contributor.authorMora Cuartas, Andrés Mauriciospa
dc.contributor.departmentEconomía y Finanzasspa
dc.contributor.departmentFinanzasspa
dc.contributor.programGrupo de Investigación Finanzas y Bancaspa
dc.date2014
dc.date.accessioned2015-11-06T21:15:37Z
dc.date.available2015-11-06T21:15:37Z
dc.date.issued2014
dc.description.abstractThe empirical analysis of capital budgeting or investment appraisal is a topic that has been widely studied in developed countries, such as the United States, the United Kingdom, and Canada. The documentation of these practices in emerging countries is scarce. This paper provides some information about current capital budgeting techniques through an empirical study of practices in a group of Colombian companies in the construction industry. In the companies surveyed it was found that 86% of professionals use the most recommended methods in the literature, such as the Internal Rate of Return (IRR) and Net Present Value (NPV), with a preference for the IRR (50% always use it) over the NPV (36% always use it). It was also found that 95% lack knowledge of more sophisticated methods, such as Real Options (OR). Most of the respondents subjectively determine the discount rate that is used for evaluation, indicating the lack of any theoretical justification to determine an appropriate rate.eng
dc.identifier.issn1657-4206
dc.identifier.urihttp://hdl.handle.net/10784/7628
dc.language.isospaeng
dc.publisherUniversidad EAFITeng
dc.relation.ispartofEcos De Economía. Vol. 18, (39), 2014, pp.143-163spa
dc.relation.isversionofhttp://publicaciones.eafit.edu.co/index.php/ecos-economia/article/view/2713
dc.relation.urihttp://publicaciones.eafit.edu.co/index.php/ecos-economia/article/view/2713
dc.rightsopenAccesseng
dc.rightsThis work is licensed under a Creative Commons Attribution 3.0 License.spa
dc.rights.accessrightsinfo:eu-repo/semantics/openAccesseng
dc.rights.localAcceso abiertospa
dc.sourceEcos De Economía. Vol. 18, (39), 2014, pp.143-163spa
dc.subject.keywordTécnicas de flujo de caja descontadospa
dc.subject.keywordpresupuesto de cápitalspa
dc.subject.keywordValoración de inversionesspa
dc.subject.keywordValor presente neto (VPN)spa
dc.subject.keywordTasa interna de retorno(TIR)spa
dc.titlePrácticas de presupuesto de capital: evaluación empírica en un grupo de empresas del sector de la construcción en Colombiaspa
dc.typearticleeng
dc.typeinfo:eu-repo/semantics/articleeng
dc.typeinfo:eu-repo/semantics/publishedVersioneng
dc.type.hasVersionObra publicadaspa
dc.type.localArtículospa

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