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Influencia macroeconómica y contable en los rendimientos accionarios en México

Author

Listed:
  • Armenta-Fraire, Leticia.

    (Instituto Tecnológico y de Estudios Superiores de Monterrey, Campus Ciudad de México.)

  • Lorenzo-Valdés, Arturo.

    (Instituto Tecnológico y de Estudios Superiores de Monterrey, Campus Ciudad de México.)

  • Durán-Vázquez, Rocío.

    (Universidad del Valle de México, Campus Tlalpan.)

Abstract

En este estudio se presenta una revisión de la literatura de modelos factoriales, donde se integran variables macroeconómicas y contable-financieras en la determinación del rendimiento de las acciones de la Bolsa Mexicana de Valores. Se construye un modelo con técnicas de análisis de datos de panel, encontrando que las variables macroeconómicas son relevantes, no así las contable-financieras. / In this study, we presented factorial model review by incorporating macroeconomic and accounting-financial variables, in order to identify the value relevance of them on the return of the Mexican Stock Market. We used a model under the panel data considerations and we found that only the macroeconomic variables were significant, but not the accounting-financial variables.

Suggested Citation

  • Armenta-Fraire, Leticia. & Lorenzo-Valdés, Arturo. & Durán-Vázquez, Rocío., 2010. "Influencia macroeconómica y contable en los rendimientos accionarios en México," Panorama Económico, Escuela Superior de Economía, Instituto Politécnico Nacional, vol. 0(10), pages 97-114, primer se.
    • Handle: RePEc:ipn:panora:v:v:y:2010:i:10:p:97-114
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    More about this item

    Keywords

    Rendimientos de mercado; Variables macroeconómicas; Modelo de Ohlson; Valor de relevancia; Datos de Panel. / Stock returns; Macroeconomic variables; Ohlson Model; Value Relevance; Panel Data;
    All these keywords.

    JEL classification:

    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models

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