Relación entre encertidumbre e inversión en México: enfoque de opciones reales

Humberto Valencia Herrera () and Eduardo Enrique Gándara Martínez ()
Additional contact information
Humberto Valencia Herrera: Tecnológico de Monterrey
Eduardo Enrique Gándara Martínez: Tecnológico de Monterrey

Revista de Administración, Finanzas y Economía (Journal of Management, Finance and Economics), 2009, vol. 3, issue 2, 74-90

Abstract: We evaluate the empirical significance of the effects of uncertainty on investment analyzing panel data for public Mexican companies in the period 1997-2007. We found ambiguous effects: the impact on investments in small and medium size companies is negative, while at large companies, the effect is positive. There is a strong positive effect of earnings on investments, and the real exchange rate has not a significant impact

Keywords: inversión; incertidumbre; opciones reales (search for similar items in EconPapers)
JEL-codes: G31 (search for similar items in EconPapers)
Date: 2009
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://alejandria.ccm.itesm.mx/egap/documentos/2009V3A11Valencia-Gandara.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ega:rafega:200911

Access Statistics for this article

Revista de Administración, Finanzas y Economía (Journal of Management, Finance and Economics) is currently edited by José Antonio Núñez

More articles in Revista de Administración, Finanzas y Economía (Journal of Management, Finance and Economics) from Tecnológico de Monterrey, Campus Ciudad de México Contact information at EDIRC.
Bibliographic data for series maintained by José Antonio Núñez ().