Estimation of the cost of equity for a food company: A view from portfolio valuation [Estimación del costo del equity para una empresa de alimentos: Una visión desde la valoración de portafolios]

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dc.contributor.affiliationArango, M., Universidad de Medellín/Universidad Nacional de Colombia, Medellín, Colombia
dc.contributor.affiliationHenao, M., Universidad Nacional de Colombia, Medellín, Colombia
dc.contributor.authorArango M
dc.contributor.authorHenao M.
dc.date.accessioned2024-07-31T21:06:56Z
dc.date.available2024-07-31T21:06:56Z
dc.date.issued2024
dc.descriptionEstimating the cost of equity has become a necessity for the investor when providing funds to a company, for the valuation of projects and making business decisions. The importance of this indicator drives the carrying out of research that provides results adjusted to reality. In this context, the objective of this work seeks to innovate, applying portfolio management tools to determine the cost of own resources (Ke). To do this, a contrast is proposed between the International Capital Asset Pricing Model ICAPM model and the implementation of the Black-Litterman model. For the latter, the investor’s expectations are incorporated considering three scenarios (optimistic, moderate, and pessimistic). Empirical evidence and the application of the Treynor index suggest that the rates estimated using Black-Litterman are close to market results, where the investor looks for the combination that maximizes profitability and minimizes risk. © 2024, Associacao Iberica de Sistemas e Tecnologias de Informacao. All rights reserved.
dc.identifier.instnameinstname:Universidad de Medellínspa
dc.identifier.issn16469895
dc.identifier.reponamereponame:Repositorio Institucional Universidad de Medellínspa
dc.identifier.repourlrepourl:https://repository.udem.edu.co/
dc.identifier.urihttp://hdl.handle.net/11407/8420
dc.language.isospa
dc.publisherAssociacao Iberica de Sistemas e Tecnologias de Informacaospa
dc.publisher.facultyFacultad de Ingenieríasspa
dc.publisher.programIngeniería Financieraspa
dc.relation.citationendpage119
dc.relation.citationissueE66
dc.relation.citationstartpage106
dc.relation.citationvolume2024
dc.relation.isversionofhttps://www.scopus.com/inward/record.uri?eid=2-s2.0-85188595946&partnerID=40&md5=91ffbb47168407d9749b62c244f89d45
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dc.rights.accessrightsinfo:eu-repo/semantics/restrictedAccess
dc.sourceRISTI - Revista Iberica de Sistemas e Tecnologias de Informacao
dc.sourceRev. Iberica Sist. Tecnol. Inf.
dc.sourceScopus
dc.subjectBlack-Littermaneng
dc.subjectCost of Capitaleng
dc.subjectInternational Capital Asset Valuation Model (ICAPM)eng
dc.subjectreturneng
dc.subjectriskeng
dc.titleEstimation of the cost of equity for a food company: A view from portfolio valuation [Estimación del costo del equity para una empresa de alimentos: Una visión desde la valoración de portafolios]eng
dc.typearticle
dc.type.localArtículospa
dc.type.versioninfo:eu-repo/semantics/publishedVersion

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