Business Commons^™

Condiciones Para La Internacionalización Del Aceite De Cbd Cannabidiol, Helen Estephany Pineda Ramírez, Andrés Camilo Rojas Baquero, Nicolás Andrés Soto Perdomo

Finanzas y Comercio Internacional

La presente investigación se basa en explicar los beneficios que tiene el aceite de CBD y cómo a partir de esto el mercado internacional de productos a base de cannabis con propiedades medicinales, se ha incrementado considerablemente al pasar los años, esto a raíz de la legalización de los gobiernos, que a partir de los resultados de investigación científica han demostrado su efectividad en cuanto a controlar y disminuir síntomas asociados a diferentes enfermedades. Se busca que este tipo de producto que es innovador en el sector natural, sea reconocido por la población en el mercado objetivo de acuerdo a …

Estrategias De Internacionalización Para Fomentar El Desarrollo Del Sector Cacaotero Del Municipio De Chaparral En El Departamento Del Tolima, Angie Paola Cortés Capador, Jhoan Sebastián Rodríguez Mongui

Finanzas y Comercio Internacional

No abstract provided.

Culture Of Countries And Country-Index Crash Risk, Jason Petri

Williams Honors College, Honors Research Projects

Previously crash- risk studies have focused on assessing at the firm level the likelihood of a firm’s equity to crash (a rapid decline in value), apart from the dynamics of its respective country-level market. In this study, however, I examine the determinants of an overall countrylevel equity crash apart from the dynamics of the global market. I will argue that this is a very different focus of analysis that will provide valuable information to both investors and policy makers. Expansion of credit and subsequent equity-market bubbles and crashes are of particular concern to foreign direct investors (FDI), as country-level equity …

How We Value Future Generations, Elias Connors Dorf

Senior Projects Fall 2020

This project examines how we value future generations. From looking at different ways we value future and present wellbeing we are able to see a tension that arises from having a high value on both. When looking at examples of ways we value future wellbeing we can see that if you value future wellbeing highly it will devalue current wellbeing. Then we look for a justification for valuing one over the other. This leads us into two ways of how we justify valuing either valuation of wellbeing and a discussion of the average and the classical principles of utility. We …

Plan De Exportación Para La Empresa Congelados Andinos S. A, Sebastián Alexis Amador García, Sharon Daniela Martin Galindo, Santiago José Martínez Riaño

Finanzas y Comercio Internacional

Congelados Andinos S.A es una empresa dedicada a procesar y distribuir alimentos agrícolas congelados de alta calidad. La empresa busca lograr un posicionamiento importante en el mercado nacional e internacional, apoyándose cada vez más en el fortalecimiento de su cadena de procesos, con el fin, de acercar a todos los pequeños y grandes consumidores a su catálogo de productos, al tiempo que fomenta el crecimiento de los pequeños agricultores e integra importaciones esporádicas de alimentos. Este trabajo propuso una hoja de ruta que brindara a la empresa la posibilidad de incrementar su valor y cumplir su objetivo, se elaboró un …

Incentivos De Inversión A Mercados Financieros Latinoamericanos Por Medio De Portafolios Del Sector Minero Energético, Santiago Eduardo Benítez Malagón, Camilo Casteblanco Gómez, Ricardo Andrés Córdoba Zorro

Finanzas y Comercio Internacional

Los flujos de capital hoy en día tienen una tendencia de preferencia a economías desarrolladas como Estados Unidos, dejando de lado a las economías emergentes; los inversionistas del mercado financiero tienen una percepción de riesgo y baja rentabilidad para Latinoamérica; por lo tanto, se dará enfoque al sector minero energético afín de hacer un análisis comparativo de las economías desarrolladas y las economías emergentes (EME’s) en cuanto a flujos de capital. Para poder demostrar que el mercado financiero de las EME’s también puede ser atractivo, según el nivel de riesgo del inversionista, se crearán portafolios homólogos del sector minero energético …

A Tale Of Two Markets: Regulation And Innovation In Post-Crisis Mortgage And Structured Finance Markets, William W. Bratton, Adam J. Levitin

All Faculty Scholarship

This Article takes the occasion of the tenth anniversary of the financial crisis to review recent developments in the structured products market, connecting the emergent pattern to post-crisis regulation.

The Article tells a tale of two markets. The financial crisis stemmed from excessive risk-taking and shabby practice in the subprime home mortgage market, a market that owed its existence to the private-label, originate to securitize model. But the pre-crisis boom in private label subprime mortgage-backed securities could never have happened absent back up financing from an array of structured products and vehicles created in the capital markets—the CDOs that found …

Does Racial Discrimination Exist In The Nba?, Logan Kendall

Williams Honors College, Honors Research Projects

This paper aims to examines the affect of race on compensation for NBA players. Based on prior research, I pose the hypothesis that racial discrimination does exist in the NBA with there being a premium for white players. A second hypothesis I present based on the previous research is that the premium for white players exist for only some groups of players and for other groups there with not exist discrimination based on player race. By using career data from every player who played in the 2019-2020 NBA season and their 2019-2020 salaries, a few different models where ran. The …

Underpricing In The Fintech Industry Compared To Non-Fintech Ipos, Kelsey A. Goss

Honors Undergraduate Theses

In this thesis, I investigate the amount of underpricing in FinTech companies compared to non-FinTech companies. Both data sets contain thirty companies spanning from 1993 to 2018. Each FinTech company is matched to a non-FinTech company by year and comparatively similar revenue. Prior research explores underpricing on different industries, but it hasn’t yet explored underpricing in the FinTech segment. The variables considered in this paper are offer price, close price, shares offered, number of banks involved, fees per share, and money left on the table. I find some evidence that the average amount of underpricing in both dollars and by …

Plan De Internacionalización Para La Empresa De Joyería Eurojoyas, Laura Camila Castañeda Liévano, Jennifer Daza Cantillo, Tatiana Martínez Téllez

Finanzas y Comercio Internacional

La propuesta de este proyecto es formular un plan de internacionalización para una pequeña empresa perteneciente al sector de joyería en Colombia, denominada Eurojoyas, la cual hace 17 años se dedica a la producción y comercialización nacional de joyas y bisutería en oro. Dicho plan se realiza con el fin de investigar nuevos mercados y formular una estrategia de expansión, que contenga una correcta planificación para incursionar en la comercialización internacional de joyería colombiana. Para la planificación del plan de internacionalización se establecieron algunos lineamientos que responden a la necesidad de la empresa en su deseo de incursionar en el …

Estrategia De Internacionalización De La Empresa Bag Security S.A.S, José David Fajardo Valdés, Yurley Katherine Hernández Rojas, Ingrid Vanessa Vera Holguín

Finanzas y Comercio Internacional

En el presente estudio de caso se desarrolló la propuesta de internacionalización de la empresa Bag Security S.A.S por medio de un análisis sectorial en Colombia, la elaboración de un diagnóstico del sector y de la empresa, y, por último, se planteó una estrategia basada en las condiciones y disposición de la empresa. Esta investigación se realizó con una metodología cuantitativa y cualitativa; en la parte del enfoque cuantitativo se realizó la búsqueda de mercados potenciales por medio de una matriz con datos macroeconómicos y microeconómicos, y en la parte del enfoque cualitativo se realizó un análisis documental del entorno …

Formulación De Una Estrategia Basada En Las Tecnologías De Información Y Comunicación Tic Para La Comercialización Internacional De Productos Derivados Del Café Producidos Por Pymes, Juan Felipe Álvarez Amaya, David Felipe Cubides Suárez

Finanzas y Comercio Internacional

Desde hace más de 20 años se ha hecho uso de la tecnología como herramienta para descubrir los diferentes productos que se pueden elaborar en base de café y distintas maneras de comercializarlo (Ministerio de Tecnología Información y Comunicación, 2018). Teniendo tantos productos hechos a base de café, el país se ha enfocado en unos pocos que poseen mayor demanda en mercados internacionales y que según el Programa de Transformación Productiva (PTP) son los snacks, este grupo se compone los arequipes y dulces sólidos de café. Para conocer el estado actual del sector cafetero, se analizaron los factores positivos y …

Formulación Estratégica Para La Internacionalización De La Empresa Sistemas Robustos Sas, David Esteban Ballesteros Parra, Kevin Andrey Diaz Acevedo, Javier Eduardo Padilla Sánchez

Finanzas y Comercio Internacional

Con este trabajo se busca establecer una estrategia de internacionalización para la Pyme Colombiana Sistemas Robustos S.A.S la cual brinda sus servicios en el sector eléctrico específicamente en la parte de automatización de procesos industriales en donde se busca crecer y generar valor para la misma, es por esto que mediante un estudio de mercado se ha buscado establecer dos mercados objetivos a los cuales la empresa pueda llevar acabo satisfactoriamente sus actividades, Según un estudio previo los países de Perú y Chile son quienes muestran un ambiente favorable para la incursión, basándonos en variables macroeconómicas, también realizando un análisis …

Desafíos Y Condicionantes De La Industria De Cannabis Con Fines Medicinales En Colombia, Juana Valentina Espitia Vargas

Finanzas y Comercio Internacional

Después de que el Congreso de la República, expidiera la Ley 1787 de 2016, la cual estableció el marco normativo y científico para investigar acerca del cannabis medicinal, regulando su producción, distribución y comercialización en el contexto nacional y extranjero, ha surgido un gran interés por parte de inversionistas y empresarios hacia el sector de cannabis con fines medicinales en Colombia. Sin embargo, pese a que el marco regulatorio es uno de los más completos a nivel latinoamericano, se perciben algunos obstáculos que no han permitido el impulso de esta industria. Con el fin de evaluar cuáles son, se desarrolla …

Environmental Governance For Whom? Examining The Political, Institutional, Fiscal, And Legal Determinants Of State Environmental Agency Budget Policy In The Us, Andrew R. Duggan

Theses and Dissertations

Budgets are a prospective tool of governance, and appropriations are a planning vehicle reflecting: bureaucracies’ values, complex interactions, collective preferences, political influences, and available resources. Research spanning 30 years finds that environmental pollution is a key determinant of environmental budgets in the US, though myriad factors, actors, and subsystems are important to consider. Due to federalism and devolution of responsibilities and authorities, environmental governance falls largely to the states. While the dynamics that shape state environmental budget policy have received scholarly interest, theoretically-driven examinations of environmental appropriations remain limited within the public budgeting and environmental policy literature.

Using panel data …

An Analysis Of The Asymmetric Effect Of Fiscal Policy On Economic Growth In Pakistan: Insights From Non-Linear Ardl, Ibrar Hussain, Muhammad Rafiq, Zahoor Khan

Business Review

This paper evaluates the current state of monetary and non-monetary rewards systems in place in the UK banking sector in an attempt to identify reasons for the preference of monetary rewards over non-monetary rewards. Data was collected from two banks, LLOYDS TSB and Royal Bank of Scotland. The selection of these two banks emanates from their recent bonus crises and the fact that they are both part nationalised, hence the need for a prudent reward system. Questionnaires were used to obtain data and the Evidence Based Reward Management (EBRM) methodology was used to highlight the effectiveness as well as the …

Deciphering Brand Loyalty Through Brand Association And Emotional Confidence, Amber Gul Rashid, Wajid Hussain Rizvi, Huma Amir

Business Review

This paper investigates the influence of emotional confidence and brand association on brand loyalty and whether there is a statistically significant difference in the brand loyalty of consumers having low or high emotional confidence. Data was collected outside fast food restaurants across Karachi using systematic sampling. Every fourth person exiting the restaurant was approached to fill a questionnaire. The data was analyzed using structural equation modelling. The results suggest that both brand association and emotional confidence have a statistically significant influence on brand loyalty. The variance explained in brand loyalty was higher when emotional confidence was included in the model. …

Beyond Intermediation: A New (Fintech) Model For Securities Holding Infrastructures, Charles W. Mooney Jr.

All Faculty Scholarship

Publicly traded securities generally are held by investors in securities accounts with intermediaries such as stockbrokers and central securities depositories—intermediated securities. For many investors this is the only practical means of holding and dealing with securities. These intermediated holding systems (IHSs) impose a variety of risks and costs. Investors are exposed to intermediary risk (default or insolvency of an intermediary holding securities) as well as impediments to the exercise of rights such as voting and asserting claims against securities issuers. The nontransparency of IHSs imposes other social costs, such as obstacles to anti-money laundering enforcement. The emergence of FinTech and …

Private Company Lies, Elizabeth Pollman

All Faculty Scholarship

Rule 10b-5’s antifraud catch-all is one of the most consequential pieces of American administrative law and most highly developed areas of judicially-created federal law. Although the rule broadly prohibits securities fraud in both public and private company stock, the vast majority of jurisprudence, and the voluminous academic literature that accompanies it, has developed through a public company lens.

This Article illuminates how the explosive growth of private markets has left huge portions of U.S. capital markets with relatively light securities fraud scrutiny and enforcement. Some of the largest private companies by valuation grow in an environment of extreme information asymmetry …

Digitalización De La Cadena De Suministro Y Su Aporte En Los Niveles De Competitividad: Una Propuesta Para Productos Ramo, Diana Marcela Acero Rueda, Lina Estefanía Delgado Castiblanco

Negocios y Relaciones Internacionales

La industria 4.0 ha transformado los procesos de operación al interior de las empresas encaminando las actividades hacia la modernización a través de la transformación tecnológica. Dado que, Ramo se enfrenta a un escenario muy competitivo debido al surgimiento de nuevas firmas fabricando productos muy parecidos, se pretende explicar cómo la digitalización de la cadena de suministro afecta los niveles de competitividad de esta empresa. Para lo anterior, se realiza un análisis descriptivo y documental para contextualizar cómo la adopción de nuevas tecnologías influye en el desempeño de las empresas abordando los componentes teóricos y conceptuales. Por medio de un …

Optimization Of Non-Monetary Reward Provisions: Evidence From The Uk Banking Sector, Ese Okpebholo, Abdullah Zafar Sheikh

Business Review

This paper evaluates the current state of monetary and non-monetary rewards systems in place in the UK banking sector in an attempt to identify reasons for the preference of monetary rewards over non-monetary rewards. Data was collected from two banks, LLOYDS TSB and Royal Bank of Scotland. The selection of these two banks emanates from their recent bonus crises and the fact that they are both part nationalised, hence the need for a prudent reward system. Questionnaires were used to obtain data and the Evidence Based Reward Management (EBRM) methodology was used to highlight the effectiveness as well as the …

Fiscal Policy Transmission Mechanism In Pakistan: A General Equilibrium Analysis, Muhammad Raashid, Abdul Saboor, Shahzad Ahmad

Business Review

This paper explores the impact of fiscal spending on key macroeconomic indicators for Pakistan economy using an estimated open economy new Keynesian dynamic stochastic general equilibrium (DSGE) model. Results show that a positive shock to government consumption leads to fall in private consumption, private investment and exports owing to negative wealth effect, rise in interest rate and domestic currency appreciation, respectively. Imports and inflation also rise. Estimated values of present value fiscal multipliers are 0.54, 0.29 and 0.18 after 1 year, 5 years and 10 years, respectively. These results show that although positive in the short run, yet the magnitude …

Project Management Maturity In Pakistan: An Empirical Investigation, Syed Ahsan Mustaqeem, Rameez Khalid, Syed Irfan Nabi

Business Review

This research assesses the current level of PMM in Pakistan, evaluates the gaps in the prevalent project management practices and formulates a framework to improve PMM level in Pakistan. 123 Pakistani organizations were assessed for their levels of PMM and project performance using standard project management maturity models. The average PMM level in Pakistan was found to be 2.32 (on the scale of 1 to 5) and only 24% of the projects carried out were found to be successful. This means that the prevalent project management practices are not yet fully institutionalized. Furthermore, project management training, use of project management …

General Emotional Labor Scale: Development And Establishing Psychometric Properties, Falak Zehra Mohsin, Nadia Ayub

Business Review

This study outlines the process followed in the development of the General Emotional Labor Scale-English (GELS-E). The scale construction process was divided into different phases. The first phase entailed the item generation and the second phase was the pilot study. Phase three and four dealt with developing the norms and establishing the psychometric properties (reliability and validity) of the final 30 items. It can be concluded that the GELS-E was developed as a measure that can be used by researchers to assess emotional labor in professionals. Such a measure of emotional labor can prove to be beneficial for researchers and …

Corporate Governance And Capital Structure As Driving Force For Financial Performance: Evidence From Non-Financial Listed Companies In Pakistan, Zahid Bashir, Ghulam Ali Bhatti, Asad Javed

Business Review

This research examines the intervention of capital structure with different characteristics of corporate governance and different measures of financial performance. Data was collected from 113 PSX listed firms ranging from 2013-2018. The study uses multiple regression approach for testing the required set of hypotheses. The results reveal that insider shareholding, and board size significantly but negatively affect financial performance whereas, audit committee’s size positively, and significantly affects financial performance. Furthermore, about 20% of CEOs hold dual positions in listed firms, which also has a positive impact on financial performance. The results also reveal that capital structure positively influences financial performance. …