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Prima de riesgo del mercado utilizada: Encuesta 2008

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Author Info
Fernandez, Pablo () (IESE Business School)

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Abstract

Este documento resume 424 respuestas a una encuesta por correo electrónico realizada a directivos de empresas, y a profesores de finanzas y escuelas de negocios en su mayoría españoles. Los resultados más relevantes de la encuesta son: gran dispersión de las respuestas (los profesores utilizan primas entre 3,5 y 10%, y las empresas, entre 2 y 30%); un elevado número de empresas no utilizan la prima de riesgo del mercado (bastantes de ellas utilizan un WACC mínimo, una TIR mínima... otras utilizan criterios como ebitda/ventas, PER…); la prima promedio utilizada por las empresas (6,3%) es superior a la utilizada por los profesores (5,5%); muchos profesores y directivos justifican la prima que utilizan con libros y artículos publicados (aunque con la misma fuente se utilizan primas de mercado muy diferentes). El 54% de las empresas y el 15% de los profesores utilizan en 2008 una prima de riesgo superior a la que utilizaban en 2007.

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Publisher Info
Paper provided by IESE Business School in its series IESE Research Papers with number D/761.

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Length: 16 pages
Date of creation: 13 Aug 2008
Date of revision:
Handle: RePEc:ebg:iesewp:d-0761

Contact details of provider:
Postal: IESE Business School, Av Pearson 21, 08034 Barcelona, SPAIN
Web page: http://www.iese.edu/
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Related research
Keywords: Prima riesgo mercado;

Find related papers by JEL classification:
G12 - Financial Economics - - General Financial Markets - - - Asset Pricing
G31 - Financial Economics - - Corporate Finance and Governance - - - Capital Budgeting; Investment Policy
M21 - Business Administration and Business Economics; Marketing; Accounting - - Business Economics - - - Business Economics

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This page was last updated on 2009-11-18.

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