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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:1-11:2
    DOI: https://doi.org/10.46661/rev.metodoscuant.econ.empresa.10615
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    References listed on IDEAS

    as
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    Full references (including those not matched with items on IDEAS)

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    Keywords

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    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

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