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Modelos de valoración de activos condicionales: Un panorama comparativo

  • Belén Nieto

    (Universidad de Alicante)

  • Rosa Rodriguez

    (Universidad Carlos III de Madrid)

Registered author(s):

    Este trabajo revisa el papel de la información del momento económico cuando ésta se incorpora a los modelos de valoración de activos. Para ello, se revisan algunos modelos de valoración, así como las formas habituales mediante las que se implementa dinamismo en la estimación práctica de los mismos. Los resultados tanto para el mercado español como americano muestran que el comportamiento empírico de los modelos condicionales sólo mejora débilmente en ambos mercados y en el periodo elegido. Lo cual advierte de la importancia del periodo elegido. Si éste no recoge cambios en el ciclo económico, la contribución de las variables de estado a los modelos es escasa.

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    File URL: ftp://ftp.fundacionsepi.es/InvEcon/paperArchive/Ene2005/v29i1a2.pdf
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    Article provided by Fundación SEPI in its journal Investigaciones Economicas.

    Volume (Year): 29 (2005)
    Issue (Month): 1 (January)
    Pages: 33-71

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    Handle: RePEc:iec:inveco:v:29:y:2005:i:1:p:33-71
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