IDEAS home Printed from https://ideas.repec.org/a/col/000520/021339.html
   My bibliography  Save this article

Capital simulation tools in educational and financial institutions

Author

Listed:
  • Fabio Orlando Cruz Páez

    (Universidad de Cundinamarca)

  • Odair Triana Calderón

    (Universidad de Cundinamarca)

Abstract

Introduction: This research article explores the perception of the need to manage a simulation software or tool that allows for the improvement of skills in planning and decision-making from a financial management perspective. Objective: The main goal is to analyze the importance of financial simulation applications that professionals learn to use to improve personal and business finances. Methodology: The research was of a mixed type and approach, with a quasi-experimental design, a descriptive, cross-sectional, and field study scope, and the Delphi method was used. Results: The findings were established through the applied instrument, which was a structured interview with 25 financial experts based on two theoretical variables: the first is software application, and the second is management. Although some applications are used, experts tend to create their own tools to contribute to effective decision-making from basic to advanced levels. Conclusions: Based on this, it is concluded that decision-making by professionals, with or without postgraduate studies, is deeply influenced by their expertise and the effective handling and analysis of results obtained from free software, Excel add-ons, and paid applications, both at the personal and business levels.

Suggested Citation

  • Fabio Orlando Cruz Páez & Odair Triana Calderón, 2025. "Capital simulation tools in educational and financial institutions," Revista Tendencias, Universidad de Narino, vol. 26(1), pages 165-190.
    • Handle: RePEc:col:000520:021339
    as

    Download full text from publisher

    File URL: https://revistas.udenar.edu.co/index.php/rtend/article/view/9257
    File Function: Full text
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Neville, Conor & Lucey, Brian M., 2022. "Financing Irish high-tech SMEs: The analysis of capital structure," International Review of Financial Analysis, Elsevier, vol. 83(C).
    2. Xia, Yanchun & Qiao, Zhilin & Xie, Guanghua, 2022. "Corporate resilience to the COVID-19 pandemic: The role of digital finance," Pacific-Basin Finance Journal, Elsevier, vol. 74(C).
    3. Bernardo Barona Zuluaga & Jorge Alberto Rivera Godoy & Paula Andrea Garizado Rom�n, 2017. "Inversión y financiación en empresas innovadoras del sector servicios en Colombia," Revista Finanzas y Politica Economica, Universidad Católica de Colombia, vol. 9(2), pages 345-372.
    4. Chen, Baohua & Zhang, Chunlian & Saydaliev, Hayot Berk, 2022. "Does bank complexity during the COVID-19 crisis alter the financing mechanism for small and medium-sized enterprises?," Economic Analysis and Policy, Elsevier, vol. 75(C), pages 705-715.
    5. Bernardo Barona Zuluaga & Jorge Alberto Rivera Godoy & Paula Andrea Garizado Rom�n, 2017. "Inversión y financiación en empresas innovadoras del sector servicios en Colombia," Revista Finanzas y Politica Economica, Universidad Católica de Colombia, vol. 9(2), pages 345-372.
    6. Fabio Orlando Cruz Páez & Celia Ibarra Díaz & Danna Julieth Rueda Pineda & Daniel Arturo Olivares Vera, 2020. "Análisis exploratorio sobre la apreciación de características predominantes en empresas medianas de México y Colombia en temas de calidad, competitividad, innovación social y productiva," Revista Tendencias, Universidad de Narino, vol. 21(1), pages 130-156.
    7. Fabio Orlando Cruz Páez & Carlos William Mera Rodríguez & Jorge Isaac Lechuga Cardozo, 2019. "Evaluación de estrategias de emprendimiento sostenible e innovación implementadas en las unidades productivas del SENA, Centro Industrial y Desarrollo Empresarial de Soacha-Cundinamarca-Colombia," Revista Tendencias, Universidad de Narino, vol. 20(1), pages 183-202.
    8. Gopalakrishnan, Balagopal & Jacob, Joshy & Mohapatra, Sanket, 2022. "COVID-19 pandemic and debt financing by firms: Unravelling the channels," Economic Modelling, Elsevier, vol. 114(C).
    9. Fabio Orlando Cruz Páez & Diana Marcela Castillo Ortiz & Jorge Isaac Lechuga Cardozo & Odair Triana Calderón, 2022. "Conducta financiera en estudiantes de Administración de Empresas, Universidad de Cundinamarca Facatativá," Revista Tendencias, Universidad de Narino, vol. 23(2), pages 30-52.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Fabio Orlando Cruz Páez & Diana Marcela Castillo Ortiz & Jorge Isaac Lechuga Cardozo & Odair Triana Calderón, 2022. "Conducta financiera en estudiantes de Administración de Empresas, Universidad de Cundinamarca Facatativá," Revista Tendencias, Universidad de Narino, vol. 23(2), pages 30-52.
    2. Shuhao Zhang & Xuetong Li & Daqian Shi, 2025. "How does digital finance affect energy consumption in China? Empirical evidence from China," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 27(5), pages 10719-10735, May.
    3. Decai Tang & Ziqian Zhao & Jiannan Li & Valentina Boamah, 2024. "Research on coupling coordination degree of digital finance and economic resilience in the Yangtze River Economic Belt," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 120(15), pages 14279-14309, December.
    4. Garitta, Claudio & Grassi, Laura, 2025. "Predicting break-even in FinTech startups as a signal for success," Finance Research Letters, Elsevier, vol. 74(C).
    5. Sumin Hu & Qi Zhu & Xia Zhao & Ziyue Xu, 2023. "Digital Finance and Corporate Sustainability Performance: Promoting or Restricting? Evidence from China’s Listed Companies," Sustainability, MDPI, vol. 15(13), pages 1-16, June.
    6. Jing Zou, 2024. "The Relationship Between Corporate Financialization and Digital Finance in the Era of Digital Transformation," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(3), pages 13425-13448, September.
    7. Dinna Charisma & Bambang Hermanto & Margo Purnomo & Tetty Herawati & Anne Charina, 2025. "Sustainable Business Through Local Strength: A Qualitative Study of Financial, Social, and Cultural Strategies in Bandung’s Culinary Micro-Enterprises," Sustainability, MDPI, vol. 17(11), pages 1-27, May.
    8. Dingjun Yao & Ruhao Ding & Jiahui Chen & Yilin Liao, 2024. "Bridging the Financing Gap for Unlisted Science and Technology-Based SMEs in China: A Comprehensive Evaluation Framework," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(4), pages 18531-18589, December.
    9. Yue, Sishi & Yang, Mo & Dong, Dayong, 2024. "Do enterprises adopting digital finance exhibit higher values? Based on textual analysis," The North American Journal of Economics and Finance, Elsevier, vol. 73(C).
    10. Apanisile Temitope Samuel, 2024. "The Justification of Complex Systems Analysis in Better Informing Project Decisions: A Study of the us Surface Transportation Board," International Journal of Research and Scientific Innovation, International Journal of Research and Scientific Innovation (IJRSI), vol. 11(8), pages 263-280, August.
    11. Li, Guo & Xue, Jing & Li, Na & Qi, Qingwu, 2024. "Does digital finance favor firms in supply chains? Roles of green innovation and bargaining power," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 183(C).
    12. Yuxin Ning & Yihan Zhang, 2023. "Does Digital Finance Improve Corporate ESG Performance? An Intermediary Role Based on Financing Constraints," Sustainability, MDPI, vol. 15(13), pages 1-17, July.
    13. Armanious, Amir & Zhao, Ruoyun, 2024. "Stock liquidity effect on leverage: The role of debt security, financial constraint, and risk around the global financial crisis and Covid-19 pandemic," International Review of Financial Analysis, Elsevier, vol. 92(C).
    14. Razzaq, Asif & Yang, Xiaodong, 2023. "Digital finance and green growth in China: Appraising inclusive digital finance using web crawler technology and big data," Technological Forecasting and Social Change, Elsevier, vol. 188(C).
    15. Schipor Frecea Georgiana-Loredana & Duhnea Cristina, 2023. "The Influence of the COVID-19 Pandemic on the CSR Practices in the Romanian Banking Sector," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 17(1), pages 2025-2035, July.
    16. Tanin, Tauhidul Islam & Sarker, Ashutosh & Hammoudeh, Shawkat & Batten, Jonathan A., 2024. "The determinants of corporate cost of debt during a financial crisis," The British Accounting Review, Elsevier, vol. 56(6).
    17. Munther Al-Nimer & Omar Arabiat & Rana Taha, 2024. "Liquidity Risk Mediation in the Dynamics of Capital Structure and Financial Performance: Evidence from Jordanian Banks," JRFM, MDPI, vol. 17(8), pages 1-19, August.
    18. Leng, Aolin & Sun, Yanbing, 2024. "The impact mechanism and breakthrough path of COVID-19 on enterprise financial distress: Evidence from China," Economic Analysis and Policy, Elsevier, vol. 82(C), pages 16-31.
    19. Yuan, Hong & Huang, Mengqi, 2023. "Pandemic public health interventions and corporate communications: Evidence from China," Finance Research Letters, Elsevier, vol. 58(PD).
    20. Zhou, Chao & Liao, Jinglin, 2024. "Home country digital finance development and post-entry internationalization speed of emerging market SMEs: Empirical evidence from China," International Review of Financial Analysis, Elsevier, vol. 91(C).

    More about this item

    Keywords

    software application; credit; financing; management; investment;
    All these keywords.

    JEL classification:

    • D25 - Microeconomics - - Production and Organizations - - - Intertemporal Firm Choice: Investment, Capacity, and Financing
    • H81 - Public Economics - - Miscellaneous Issues - - - Governmental Loans; Loan Guarantees; Credits; Grants; Bailouts
    • L86 - Industrial Organization - - Industry Studies: Services - - - Information and Internet Services; Computer Software
    • M11 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Production Management
    • P33 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - International Trade, Finance, Investment, Relations, and Aid

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:col:000520:021339. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Universidad de Narino (email available below). General contact details of provider: https://edirc.repec.org/data/fenarco.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.