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Variables macroeconómicas y microeconómicas que influyen en la estimación del costo de capital: un estudio de caso

Author

Listed:
  • Daniel Cardona Echeverri
  • Sandra Gaitán Riaño
  • Hermilson Velásquez Ceballos

Abstract

Este artículo identifica y contrasta la significancia estadística de variables macroeconómicas y microeconómicas, que desde la teoría pueden influir sobre el costo de capital. Utilizando información de las empresas listadas en la Bolsa de Valores de Colombia (BVC) entre los periodos 2003-4 a 2012-1 y modelos de paneles dinámicos para explicar el Costo de Capital Promedio Ponderado (WACC), se encuentra que la mayoría de las variables propuestas resultan estadísticamente significativas, así mismo se prueba la existencia de inercia entre el costo de capital actual y el del periodo pasado.

Suggested Citation

  • Daniel Cardona Echeverri & Sandra Gaitán Riaño & Hermilson Velásquez Ceballos, 2016. "Variables macroeconómicas y microeconómicas que influyen en la estimación del costo de capital: un estudio de caso," Revista Facultad de Ciencias Económicas, Universidad Militar Nueva Granada, vol. 25(1), pages 105-116, December.
    • Handle: RePEc:col:000180:015266
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    File URL: http://revistas.unimilitar.edu.co/index.php/rfce/article/view/2657/2404
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    References listed on IDEAS

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