La valoracion de empresas agroalimentarias: una extension de los modelos factoriales

Fernando Garcia Garcia, Francisco Guijarro Martinez and Ismael Clemente

Revista Espanola de Estudios Agrosociales y Pesqueros, 2008, issue 217, 28

Abstract: En este trabajo se propone una extension de los modelos de valoracion factoriales. A diferencia del enfoque clasico donde el valor bursatil solo es considerado en la ultima fase del procedimiento de valoracion, la nueva propuesta lo incorpora con anterioridad al propio uso del analisis factorial. Con ello se consigue que la agrupacion de las variables en factors gane en eficiencia, al agrupar las variables no relevantes en un unico factor. En el proceso se empelan diferentes tecnicas estadisticas ademas del analisis factorial, como la regresion lineal simple y la regresion stepwise. Para el contraste empirico de esta propuesta y su comparacion con la metodologia tradicional referenciada en la literatura, se ha disenado una base de datos con informacion bursatil y contable de empresas agroalimentarias cotizadas en bolsas europeas durante el ano 2005...Our work proposes the extension of factor valuation models. Unlike classical models in which the market value is only incorporated at the very final step of valuation, our new approach incorporates this variable in the first step prior to the factor analysis. Doing so the association of variables is more efficient, since non-relevant variables with factor analysis, such as simple regression and stepwise regression. A database composed by market and financial information from agrifood firms quoted in European markets during 2005 has been designed in order to empirically contrast our methodology and compare it with the traditional one.

Keywords: Agribusiness; Agricultural Finance; Marketing (search for similar items in EconPapers)
Date: 2008
References: Add references at CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/168049/files/pdf_REEAP-r217_155_182.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:ags:spreea:168049

DOI: 10.22004/ag.econ.168049

Access Statistics for this article

More articles in Revista Espanola de Estudios Agrosociales y Pesqueros from Ministerio de Medio Ambiente, Rural y Marino (formerly Ministry of Agriculture)
Bibliographic data for series maintained by AgEcon Search (aesearch@umn.edu).