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Modelo para estimar el costo de uso de capital (wacc) para las empresas pymes del sector industria caucho y plástico de la ciudad de Bogotá

dc.contributor.advisorVernazza Páez, Álvaro Andrés
dc.contributor.authorBonilla Bonilla, Yudy Marlen
dc.date.accessioned2017-06-15T20:42:50Z
dc.date.accessioned2017-06-24T16:13:12Z
dc.date.available2017-06-15T20:42:50Z
dc.date.available2017-06-24T16:13:12Z
dc.date.issued2016-08-02
dc.identifier.urihttps://hdl.handle.net/11634/2425
dc.descriptionLa presente investigación se orientó al diseño de un modelo para estimar el costo de uso de capital “Weighted Average Cost Of Capital (WACC)”, mediante betas contables, para las empresas PYMES del sector industria caucho y plástico de la ciudad de Bogotá, basados en la teoría del modelo de valoración de activos financieros, “Capital Asset Pricing Model – CAPM” ajustado, para empresas que no cotizan en la bolsa. El trabajo busca, hacer un aporte para aquellas pequeñas y medianas empresas que requieren de un modelo sencillo y fácil de interpretar, a partir de los desarrollos teóricos del WACC. En su proceso se buscó entender las diferentes alternativas de financiación, los impactos financieros de las estructuras financieras de las empresas medidas a través de modelos o métodos de medición a las cuales se pueda acceder, pues estas herramientas apoyan de manera significativa la toma de decisiones financieras en las empresas. Los resultados finales permiten establecer que es posible construir modelos de apoyo a la gestión financiera de las empresas, a partir de los desarrollos teóricos y prácticos del CAPM y en última instancia del WACC, que como se puede observar en los resultados del proyecto pueden ser aplicados con éxito en los distintos sectores de la economía.spa
dc.description.abstractThis research was aimed at designing a model to estimate the "Weighted Average Cost of Capital (WACC) ", through accounting betas, for small and medium-sized enterprises - SMEs - (PYMES by its acronym in Spanish) of the rubber and plastics industry in Bogota, based on the adjusted Capital Asset Pricing Model - CAPM, for non-listed companies. The purpose of this work is to make a contribution for those SMEs that look for a model simpler and easier to understand, based on the WACC's theoretical assumptions. In the process, the research tried to understand and describe the different alternatives of financing, the financial impacts in the SMEs' financial structures by using models or measuring methods available to them, as these tools provide significant support to businesses' financial decisions making process.. The final results showed that it is possible to build models to support the businesses' financial management, based on the theoretical and practical approaches of the CAPM and the WACC. As it can be seen in the project's results, these can be successfully applied to different sectors of the economy.spa
dc.format.mimetypeapplication/pdfspa
dc.language.isospaspa
dc.publisherUniversidad Santo Tomásspa
dc.rightsAtribución-NoComercial-SinDerivadas 2.5 Colombia*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/2.5/co/*
dc.titleModelo para estimar el costo de uso de capital (wacc) para las empresas pymes del sector industria caucho y plástico de la ciudad de Bogotáspa
dc.typemaster thesis
dc.description.degreenameMagíster en Ciencias Económicasspa
dc.publisher.programMaestría Ciencias Económicasspa
dc.publisher.facultyFacultad de Economíaspa
dc.subject.keywordCost of capitalspa
dc.subject.keywordMarket performancespa
dc.subject.keywordaccounting betasspa
dc.subject.keywordRisk-free rate.spa
dc.type.localTesis de maestríaspa
dc.rights.localAbierto (Texto Completo)spa
dc.type.versioninfo:eu-repo/semantics/acceptedVersion
dc.rights.accessrightsinfo:eu-repo/semantics/openAccess
dc.coverage.campusCRAI-USTA Bogotáspa
dc.identifier.doihttp://dx.doi.org/10.15332/tg.mae.2020.0741
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dc.rights.coarhttp://purl.org/coar/access_right/c_abf2
dc.subject.proposalCosto de capitalspa
dc.subject.proposalRendimiento del mercadospa
dc.subject.proposalBetas contablesspa
dc.subject.proposalTasa libre de riesgospa
dc.identifier.reponamereponame:Repositorio Institucional Universidad Santo Tomásspa
dc.identifier.instnameinstname:Universidad Santo Tomásspa
dc.type.coarhttp://purl.org/coar/resource_type/c_bdcc
dc.description.degreelevelMaestríaspa
dc.identifier.repourlrepourl:https://repository.usta.edu.cospa
dc.type.coarversionhttp://purl.org/coar/version/c_ab4af688f83e57aa
dc.type.driveinfo:eu-repo/semantics/masterThesis


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