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Optimal Portfolio Selection: A Note with a VBA Solution

Velez-Pareja, Ignacio; Ávila, Pedro Fabián Castilla; … - MASTER CONSULTORES - 2012

, given her preference curves and an efficient frontier. On the other hand, the Capital Asset Pricing Model (CAPM) is …

Persistent link: https://www.econbiz.de/10010762986

The Colombian Stock Market: 1930-1998

Pareja, Ignacio Vélez - MASTER CONSULTORES - 1999

This article explores the behavior of the stock market in Colombia with the information given by the Bolsa de Bogota Index (Indice de la Bolsa de Bogota, IBB). The index is analyzed from January, 1930 to December, 1998. The inflation rate covers the same period; the inflation rate as measured by...

Persistent link: https://www.econbiz.de/10010827952

Ambiguita Nell´Applicazione del CAPM per la valutazione degli investimenti

Magni, Carlo Alberto - MASTER CONSULTORES - 2009

Il presente lavoro tratta del classico criterio di capital budgeting derivato dal CAPM,secondo il quale un investimento …

Persistent link: https://www.econbiz.de/10010763038

Costo de capital para empresas no transadas en bolsa

Vélez-Pareja, Ignacio - MASTER CONSULTORES - 2002

el Capital Assets Pricing Model (CAPM), otras utilizan información contable o simplemente, una apreciación subjetiva del …

Persistent link: https://www.econbiz.de/10010763040

Cost of Capital for Non-Traded Firms

Velez-Pareja, Ignacio - MASTER CONSULTORES - 2003

enough trading information. Some of them use the Capital Assets Pricing Model (CAPM), some of them use accounting information … or simply, subjective estimation of risk. The note is organized as follows: In Section One I present some relevant … markets mostly composed of non-trading firms and the relevance of popular approaches to the estimation of cost of equity …

Persistent link: https://www.econbiz.de/10010763074

Cost of Equity and WACC for Perpetuities with Constant Growth

Mejia, Felipe; Pareja, Ignacio Velez - MASTER CONSULTORES - 2010

This paper shows a formulation for the cost of equity and the WACC for growing perpetuities. Some authors have derived the general expressions for those formulas but not specifically for perpetuities with constant growth. The result obtained is that a previously general formulation for a finite...

Persistent link: https://www.econbiz.de/10010827955

Aggregate Return on Investment for Investments under Uncertainty

Magni, Carlo Alberto - MASTER CONSULTORES - 2014

This paper deals with with capital budgeting decisions under uncertainty. We present an Aggregate Return On Investment (AROI), obtained as the ratio of total (undiscounted) cash flow to total invested capital and show that it is a genuine rate of return which, compared with the risk-adjusted...

Persistent link: https://www.econbiz.de/10010827956

Company Valuation in an Emerging Economy - Caldonia: A Case Study

Pareja, Ignacio Vélez; Tham, Joseph - MASTER CONSULTORES - 2010

Persistent link: https://www.econbiz.de/10010827965

Risky Tax Shields and Risky Debt: A Monte Carlo Approach

Pareja, Ignacio Velez - MASTER CONSULTORES - 2010

I present a set of conditions for defining risky debt associated to cash flow and not to accounting earnings. I explain why realization of tax shields for finite cash flows in any period of time t are correlated to Earnings before Interest and Taxes and are not correlated to interest expenses at...

Persistent link: https://www.econbiz.de/10010762909

Blind Man's Buff: On the Search of the Optimal Capital Structure

Ignacio Velez-Pareja, Felipe Mejia-Pelaez, James W. Kolari - MASTER CONSULTORES - 2012

In these slides we discuss the practical and conceptual difficulty of finding an Optimal Capital Structure. We propose a normative approach we call Implicit Bankruptcy Costs Theory and how to proceed to find the optimal capital structure and value with period-to-period constant and variable...

Persistent link: https://www.econbiz.de/10010762910