IDEAS home Printed from https://ideas.repec.org/a/pab/rmcpee/v39y2025p1-11.html
   My bibliography  Save this article

Toma de decisiones de inversión en el espacio información-rentabilidad
[Investment Decision-Making in the Information-Return Space]

Author

Listed:
  • José Gabriel Astaíza-Gómez

    (Universidad EAFI)

Abstract

En este artículo, analizo el valor que los inversionistas asignan a analistas con menor volatilidad en sus errores de pronóstico. Desarrollo un modelo teórico que formaliza el papel de dicha volatilidad en las decisiones de inversión y propongo una estrategia basada en los pronósticos de los analistas, reconociendo el costo de evaluar la calidad de los informes. En un mercado con inversionistas heterogéneos, encuentro que los inversionistas informados, al aplicar una regla de filtrado según Anderson y Renault (1999), prefieren informes más consistentes. Estos resultados mejoran la comprensión sobre cómo los inversionistas manejan la incertidumbre de la información.

Suggested Citation

  • José Gabriel Astaíza-Gómez, 2025. "Toma de decisiones de inversión en el espacio información-rentabilidad [Investment Decision-Making in the Information-Return Space]," Revista de Métodos Cuantitativos para la Economía y la Empresa = Journal of Quantitative Methods for Economics and Business Administration, Universidad Pablo de Olavide, Department of Quantitative Methods for Economics and Business Administration, vol. 39, pages 1-11, June.
    • Handle: RePEc:pab:rmcpee:v:39:y:2025:p:1-11
    DOI: https://doi.org/10.46661/rev.metodoscuant.econ.empresa.10615
    as

    Download full text from publisher

    File URL: https://www.upo.es/revistas/index.php/RevMetCuant/article/view/10615/10055
    Download Restriction: no
    File URL: https://www.upo.es/revistas/index.php/RevMetCuant/article/view/10615/10057
    Download Restriction: no
    File URL: https://www.upo.es/revistas/index.php/RevMetCuant/article/view/10615/10059
    Download Restriction: no
    File URL: https://libkey.io/https://doi.org/10.46661/rev.metodoscuant.econ.empresa.10615?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    Pronóstico del analista; regla de búsqueda; valor fundamental; inversionista Analyst forecast; searching rule; fundamental value; informed investor; investment management;
    All these keywords.

    JEL classification:

    • G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design

    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:pab:rmcpee:v:39:y:2025:p:1-11. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Publicación Digital - UPO (email available below). General contact details of provider: https://edirc.repec.org/data/dmupoes.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.