Maestría en Finanzas

URI permanente para esta comunidad

https://hdl.handle.net/1992/51865
Encuentre en acceso abierto la producción académica, investigativa y de creación de la Maestría en Finanzas de la Universidad de los Andes.

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  • Miniatura
    PublicaciónAcceso abierto
    A&C logistics and event production valuation through discounted cash flow method
    (Universidad de los Andes, 2020) Casas Rosales, Mateo; Queiró, Francisco; González Ferrero, Maximiliano; Dávila, Juan Pablo
    This document estimates the approximate market value for A&C Logistics and Event Production. For this, the company and its financial indicators are analyzed. Then, the parameters and assumptions for its projection are established. Subsequently, a discounted cash flow valuation is carried out, ending with a sensitivity analysis based on the result obtained.
  • Miniatura
    PublicaciónAcceso abierto
    An automatic trading strategy for the Colombian government bonds in R
    (Universidad de los Andes, 2020) Rey álvarez, Karen Estefanía; Rocha, Gonçalo; González Ferrero, Maximiliano; Arcila Barrero, Carlos Alfredo
    The objective of this work is to make advances in the execution of an algorithm that performs a trading strategy, based on the academic support of the classic portfolio theory, macroeconomic theory of economic policy and some precepts of implementation with financial machine learning (ML) applications. Regarding ML, despite the fact that there are several authors, this work is based on the techniques and advances that have emerged from the studies of the author Marcos Lopez de Prado, since it is well known not only in the academic field, but also in investment industry. These characteristics make the methodological development of this work be applied to the related data, which is real data from the Colombian market, public debt bonds hereafter referred TES. The advances in ML by Professor Lopez de Prado will serve as a point of reference to backtest a very simple trading strategy, but looking beyond, the work will serve to leave a guide on how to implement through steps the development of an algorithm that performs any strategy, taking into account each stage for its later execution.
  • Miniatura
    PublicaciónAcceso abierto
    Approximate stock valuation of Grupo Nutresa S.A.
    (Universidad de los Andes, 2020) Silva Sánchez, Laura Marcela; Queiró, Francisco; González Ferrero, Maximiliano; Dávila, Juan Pablo
    The aim of this document is to propose an Approximate Stock Valuation of Grupo Nutresa SA., supported by the Discounted Cash Flow method in which the present value of future cash flows is determined by discounting them at a rate that reflects the cost of contributed capital (WACC). Throughout the document, an exhaustive analysis is made of the food and beverage industry, and also of the company, to have an overview of the company that is being valued. Finally, a sensitivity analysis is carried out that reveals the most relevant variables in the financial model.
  • Miniatura
    PublicaciónAcceso abierto
    Institutional blockholder investors influence over corporate R&D investment, a comparison between United States, Germany and Brazil
    (Uniandes, 2019) Sánchez Portilla, Juan Sebastián; Anjos, Fernando; Pombo Vejarano, Carlos; Malagón Penen, Juliana; González Ferrero, Maximiliano
    This study aims to examine the influence of institutional blockholder investors ownership over corporate investment in research and development (R&D). As a contribution to the existent empirical literature, an econometric analysis is developed to make a comparison between developed and emerging countries with important R&D activity, as well as between their industry sectors. As a result, this study finds that: 1) overall, active institutional investors influence negatively corporate R&D spending at low levels of ownership and positively at high levels of ownership, while the effect of passive institutional investors ownership is statistically not significant; 2) there are industry-specific factors that affect the statistical significance of the influence of active institutional investors over corporate R&D spending.
  • Miniatura
    PublicaciónAcceso abierto
    Using copula models to address the fat tail problems of the var
    (Uniandes, 2020) Saray García, Andrés Felipe; González Ferrero, Maximiliano
    "Este proyecto de trabajo estudia la PVaR del valor en riesgo de la cartera utilizando cópulas, pérdida esperada de la cola y teoría del valor extremo para analizar el comportamiento de la cola izquierda de la posible distribución de retornos, que es la principal preocupación al evaluar el riesgo a la baja de una cartera determinada." -- Tomado del Formato de Documento de Grado.