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- W349070447 abstract "Resumen: La valoracion de activos es uno de los pilares fundamentales de la economia financiera, permitiendoles a los agentes del mercado elaborar estimaciones insesgadas del precio y estructurar carteras de valores que maximizan la rentabilidad esperada del inversor. Debido a la ausencia de mercado, se propone un modelo basado en consumo intertemporal para estimar el valor corporativo, la base conceptual del modelo se enfoca en la aplicacion de las series de tiempo estacionarias para estimar el flujo de caja libre y de los axiomas de Von Neumann-Morgenstern para cuantificar el factor de descuento estocastico. Por ultimo, se define el Riesgo de Valor-RiskV como una medida de riesgo corporativo la cual mide la potencial destruccion de valor a consecuencia de la variabilidad de su estructura operacional y financiera, y de las posiciones estrategicas de la compania. Abstract: The asset pricing is one of the fundamental pillars of the financial economics, allowing market players develop unbiased estimates of the price and will structure portfolios that maximize expected return of the investor. A consumption-based model is proposed to estimate corporate value when the company has a fixed component and a soft component due to the strategic opportunities available. The conceptual basis of the model focuses on the application of stationary time series to estimate the free cash flow and of the Von Neumann-Morgenstern axioms for quantifying the stochastic discount factor of both components. Finally, the RiskV value is defined as a measure of corporate risk which measures the potential destruction on corporate value as a result of the variability of its operational and financial structure, and strategic positions in the company." @default.
- W349070447 created "2016-06-24" @default.
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- W349070447 date "2016-03-15" @default.
- W349070447 modified "2023-09-23" @default.
- W349070447 title "El Concepto del Riesgo de Valor y su Cuantificación Mediante la Estructura Estocástica de la Formación de Capital" @default.
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- W349070447 doi "https://doi.org/10.33333/rp.v37i2.736" @default.
- W349070447 hasPublicationYear "2016" @default.
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