Listar Investigaciones por autor "Vélez-Pareja, Ignacio"
Mostrando ítems 1-5 de 5
-
Forecasting foreign exchange rates in Colombia assuming PPP conditions: Empirical evidence using VAR
Fayad Hernández, Catherine; Fortich Mesa, Roberto Carlos; Vélez-Pareja, Ignacio (Cartagena de Indias, 2009)This document examines exchange rate forecasts during the 1995-2005 period, using a Purchasing Power of Parity Exchange Rate Model (PPPER). Our first finding is that the computed forecasts seem to validate the use of this ... -
Market value calculation and the solution of circularity between value and the weighted average cost of capital WACC
Vélez-Pareja, Ignacio; Tham, Joseph (Cartagena de Indias, 2009)Most finance textbooks present the Weighted Average Cost of Capital (WACC) calculation as: WACC = Kd×(1-T)×D% + Ke×E%, where Kd is the cost of debt before taxes, T is the tax rate, D% is the percentage of debt on total ... -
Potential dividends and actual cash flows in equity valuation. A critical analysis
Vélez-Pareja, Ignacio; Magni, Carlo Alberto (Cartagena de Indias, 2009-11-11)Practitioners and most academics in valuation include changes in liquid assets (potential dividends) in the cash flows. This widespread and wrong practice is inconsistent with basic finance theory. We present economic, ... -
Potential dividends and actual cash flows.A regional Latin American analysis
Vélez-Pareja, Ignacio; Merlo, Mariano Germán; Vélez-Pareja, Ignacio; Londoño Bedoya, David Andrés; Sarmiento Sabogal, Julio Alejandro (Cartagena de Indias, 2009-11-26)We examine the value market assigns to components of the cash flow to equity including potential dividends. We study non financial publicly traded firms from five Latin American countries. The model includes four variables: ... -
Which cost of debt should be used in forecasting cash flows?
Vélez-Pareja, Ignacio (Cartagena de Indias, 2009-04-20)Frequently, analysts and teachers use the capitalized rate of interest for the cost of debt when forecasting and discounting cash flows. Others estimate the interest payments when forecasting annual financial statements ...
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.