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Análisis de la relación rentabilidad-riesgo en el mercado accionario internacional para un mundo parcialmente integrado

dc.contributor.authorBotero Guzmán, Daniel
dc.contributor.authorDíaz Contreras, Jhon Alexis
dc.date.accessioned2022-03-30T14:35:39Z
dc.date.available2022-03-30T14:35:39Z
dc.date.issued2017-07
dc.identifier.issnISSN :spa
dc.identifier.issn0121117Xspa
dc.identifier.urihttp://hdl.handle.net/20.500.12749/16104
dc.description.abstractEl estudio de la relación rentabilidad-riesgo a nivel internacional exige fuertes supuestos. Uno de ellos es la perfecta integración. Sin embargo, el proceso de integración de cada país es único, y existen factores que terminan afectando el grado de integración/segmentación con respecto al mercado mundial. Los modelos de valoración de activos deberían incluir variables que muestren cierto grado de segmentación dado que el mundo se encuentra parcialmente integrado. El objetivo de este estudio es proponer un modelo que se ajuste de manera considerable a la relación rentabilidad-riesgo de los países. Para estimar este modelo se utiliza un análisis de regresión con datos panel. Se encuentra que existe un importante grado de segmentación ya que el riesgo por tipo de cambio, el tamaño de mercado y la inestabilidad económica son altamente significativos; y junto con el riesgo sistemático explican más del 40% de la variación de la rentabilidad del mercado accionario.spa
dc.format.mimetypeapplication/pdfspa
dc.language.isospaspa
dc.relation.urihttp://www.scielo.org.co/scielo.php?script=sci_abstract&pid=S2619-65732017000200109&lng=es&nrm=isspa
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/2.5/co/*
dc.sourceRevista Ensayos de Economía; Volumen 27, Número 51 (Julio-Diciembre 2017); páginas 109-124spa
dc.titleAnálisis de la relación rentabilidad-riesgo en el mercado accionario internacional para un mundo parcialmente integradospa
dc.title.translatedRatio analysis return-risk in the market international shareholder for a partially integrated worldspa
dc.publisher.grantorUniversidad Autónoma de Bucaramanga UNABspa
dc.publisher.grantorUniversidad Nacional de Colombiaspa
dc.rights.localAbierto (Texto Completo)spa
dc.publisher.facultyFacultad Economía y Negociosspa
dc.publisher.programPregrado Economíaspa
dc.type.driverinfo:eu-repo/semantics/articlespa
dc.type.localArtículospa
dc.type.coarhttp://purl.org/coar/resource_type/c_6501
dc.subject.keywordsEstimationspa
dc.subject.keywordsPartial integrationspa
dc.subject.keywordsReturnspa
dc.subject.keywordsRiskspa
dc.subject.keywordsRisk capitalspa
dc.subject.keywordsSecuritiesspa
dc.subject.keywordsSavings and investmentspa
dc.subject.keywordsEconomic liberalizationspa
dc.subject.keywordsMarket economyspa
dc.identifier.instnameinstname:Universidad Autónoma de Bucaramanga - UNABspa
dc.identifier.reponamereponame:Repositorio Institucional UNABspa
dc.type.hasversioninfo:eu-repo/semantics/acceptedVersionspa
dc.rights.accessrightsinfo:eu-repo/semantics/openAccessspa
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dc.contributor.cvlacBotero Guzmán, Daniel [0001638472]spa
dc.contributor.cvlacDíaz Contreras, Jhon Alexis [0000788031]spa
dc.contributor.googlescholarDíaz Contreras, Jhon Alexis [es&oi=ao]spa
dc.contributor.orcidDíaz Contreras, Jhon Alexis [0000-0002-6983-181X]spa
dc.contributor.researchgateBotero Guzmán, Daniel [Daniel-Guzman-30]spa
dc.contributor.researchgateDíaz Contreras, Jhon Alexis [Jhon-Diaz-Contreras-2]spa
dc.subject.lembCapital de riesgospa
dc.subject.lembTítulos valoresspa
dc.subject.lembAhorro e inversiónspa
dc.subject.lembLiberalización económicaspa
dc.subject.lembEconomía de mercadospa
dc.identifier.repourlrepourl:https://repository.unab.edu.cospa
dc.description.abstractenglishThe study of the return-risk relationship at the international level requires strong assumptions. One of them is the perfect integration. However, the integration process of each country is unique, and there are factors that end up affecting the degree of integration/segmentation with respect to the world market. Asset valuation models should include variables that show a certain degree of segmentation since the world is partially integrated. The objective of this study is to propose a model that is substantially adjusted to the return-risk ratio of the countries. To estimate this model, a regression analysis with panel data is used. It is found that there is an important degree of segmentation since the exchange rate risk, market size and economic instability are highly significant; and together with the systematic risk they explain more than 40% of the variation of the profitability of the Stock market.spa
dc.subject.proposalEstimaciónspa
dc.subject.proposalIntegración parcialspa
dc.subject.proposalRentabilidadspa
dc.subject.proposalRiesgospa
dc.type.redcolhttp://purl.org/redcol/resource_type/ART
dc.rights.creativecommonsAtribución-NoComercial-SinDerivadas 2.5 Colombia*
dc.contributor.researchgroupGrupo de Investigación en Dinámicas Sectorialesspa
dc.contributor.apolounabDíaz Contreras, Jhon Alexis [jhon-alexis-díaz-contreras]
dc.contributor.linkedinDíaz Contreras, Jhon Alexis [jhon-jairo-serrano-diaz-646861207]


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