• Analytical solution to the circularity problem in the discounted cash flow valuation framework 

      Mejía-Peláez F.; Vélez-Pareja I. (2011)
      In this paper we propose an analytical solution to the circularity problem between value and cost of capital. Our solution is derived starting from a central principle of finance that relates value today to value, cash ...
    • Applicability of the classic WACC concept in practice 

      Mian M.A.; Vélez-Pareja I. (2007)
      A large percentage of companies use the discounted cash flow (DCF) approach as the primary technique for investment/project evaluation and the capital budgeting process. This approach requires forecasting the detailed cash ...
    • Consistency in valuation: A practical guide 

      Vélez-Pareja I.; Burbano-Pérez A. (Consejo Latinoamericano de Escuelas de Administracion, 2010)
      Practitioners and teachers easily break some consistency rules when conducting or teaching valuation of assets, which may lead to different results by different methods. In this short note we present a practical guide to ...
    • Risky tax shields and risky debt: An exploratory study 

      Vélez-Pareja I. (2010)
      This article (1) identifies three sources of risk for tax shields (TS): Two of them are associated with debt risk and one is associated with operating risk. (2) A set of conditions for defining risky debt associated with ...

      Universidad Tecnológica de Bolívar - 2017 Institución de Educación Superior sujeta a inspección y vigilancia por el Ministerio de Educación Nacional. Resolución No 961 del 26 de octubre de 1970 a través de la cual la Gobernación de Bolívar otorga la Personería Jurídica a la Universidad Tecnológica de Bolívar.