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Dividend Policy - Four Decisions
Estrada, JavierCase F-989-EFinanceAn important decision that companies must make periodically is whether to distribute part of their earnings to their shareholders as dividends, and if so, how large this proportion should be. Unfortunately, financial theory does not provide very clear guidance on this topic. The four decisions discussed below shine a light on some of the important variables that managers need to consider when making this critical decision.Starting at €8.20
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Herramientas financieras esenciales: Herramienta 3 - Riesgo: desviación estándar y beta
Estrada, JavierTechnical Note FN-555FinanceEsta nota técnica aborda dos definiciones del riesgo ampliamente utilizadas, la desviación estándar y la beta, las cuales son una parte fundamental de las finanzas modernas. Hay quien dice que el riesgo, como la belleza, está en los ojos de la persona que mira. Tal vez sea así, pero incluso si ése fuera el caso, comprender la relación entre la desviación estándar, la beta y el riesgo es esencial para cualquiera que desee tener unos conocimientos ...Starting at €8.20
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Herramientas financieras esenciales: Herramienta 2 - La rentabilidad media
Estrada, JavierTechnical Note FN-553FinanceEsta nota analiza tres definiciones de rentabilidad media y destaca sus diferentes interpretaciones y usos. En muchas ocasiones, especialmente al evaluar los activos de riesgo, el concepto de "rentabilidad media" carece de significado si no se clarifica de qué tipo de rentabilidad media se habla, si aritmética o geométrica. Asimismo, cuando los inversores realizan transacciones activamente, su rentabilidad media y la del activo en el que invierte...Starting at €8.20
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Herramientas financieras esenciales: Herramienta 8 - VAN y TIR
Estrada, JavierTechnical Note FN-562FinanceEsta nota analiza las dos herramientas de evaluación de proyectos más utilizadas, el VAN y la TIR. Las dos herramientas necesitan un dato muy importante, el coste del capital, que es una de las magnitudes fundamentales para cualquier empresa, y que también trataremos brevemente. Tanto el VAN como la TIR tienen aplicaciones que van más allá de la evaluación de proyectos, y ningún conjunto de herramientas está completo sin ellas.Starting at €8.20
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Stock pricing: Coca-Cola - Teaching Note
Estrada, JavierTeaching Note FT-51-EFinanceStarting at €0.00
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A (Very) Brief Introduction to Shazam
Estrada, JavierTechnical Note FN-438-EFinanceShazam is a very powerful package for statistics and econometrics that occupies only four megabytes of disk space. In addition to the hundreds of commands and options that Shazam offers, with a bit of skill the user can program himself just about anything he may need from an econometric point of view. This note only attempts to help users with their very first steps in Shazam, such as the handling of files and a few basic commands.Starting at €8.20
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Risk in European Securities Markets (I) - Teaching Note
Estrada, JavierTeaching Note FT-48-EFinance(See FN-436)Starting at €0.00
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Project Evaluation in Emerging Markets: Exxon Mobil, Oil, and Argentina - Teaching Note
Estrada, JavierTeaching Note FT-70-EFinanceEarly in 2006 a brief report arrived at Exxon Mobil's headquarters in Irving, Texas, with the results of geological tests in the south of Argentina. The tests determined that the area explored seemed to be rich in oil and that, subject to a proper cost-benefit analysis, it could be worth investing in the necessary production facilities to extract oil from the ground. You have been asked to evaluate this investment opportunity and report to manage...Starting at €0.00
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The Essential Financial Toolkit: Tool 2 - Mean Returns
Estrada, JavierTechnical Note FN-553-EFinanceThis note discusses three definitions of mean returns and highlights their different interpretations and uses. In many cases, particularly when evaluating risky assets, the concept of "mean return"¿ is meaningless and stating the type of mean return discussed, arithmetic or geometric, is essential. Also, when investors trade actively, their mean return and that of the asset in which they invest may differ, which requires yet another concept, the ...Starting at €8.20