Listar Publicaciones e Investigación por autor "Cayón Fallon, Edgardo"
Mostrando ítems 1-20 de 22
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The application of proxy methods for estimating the cost of equity for unlisted companies : evidence from listed firms
Sarmiento Sabogal, Julio Alejandro; Sadeghi, Mehdi; Sandoval, Juan S.; Cayón Fallon, Edgardo (Springer New York LLC, 2021-03-13)The Campbell and Vuolteenaho (Am Econ Rev 94(5):1249–1275, 2004) two–beta model decomposes the systematic risk in the sensitivity of cash flow and discount rate change. We employed this model, which we call the Two Beta ... -
Characterization of academic programs and identification of variables that affect performance of students at the Higher Studies Business School, CESA
Cayón Fallon, Edgardo; Correa Restrepo, Juan Santiago; Scarpetta, Luz Elenny (Centro de Información Tecnológica, 2021-10)El presente estudio identifica las variables que tienen mayor influencia en el rendimiento académico y, por lo tanto, pueden ser predictores de la deserción estudiantil en el Colegio de Estudios Superiores de Administración ... -
Determinants of credit default swap (CDS) spreads in Latin America : an empirical analysis of corporate debt in public and private companies
Cayón Fallon, Edgardo; Perilla, Juan Manuel (Centrum Badan Socjologicznych, 2018)In this article we have examined the effects of the common determinants of credit quality such as cash, debt, and tangibility on CDS spreads in Latin America. Our sample consists of 50 Latin American companies, while the ... -
The disposition effect and the relevance of the reference period : evidence among sophisticated investors
Sarmiento Sabogal, Julio Alejandro; Rendón, Jairo Andrés; Sandoval, Juan S.; Cayón Fallon, Edgardo (Elsevier BV, 2019-12)The Disposition Effect (DE) describes the disposition of selling winners too early and of keeping losers for too long. Conventionally the DE is measure using trades and the average purchase price. Being more rigorous with ... -
Does attending a public or private university make a difference for students in Colombia?
Cayón Fallon, Edgardo; Correa Restrepo, Juan Santiago; Sarmiento Sabogal, Julio Alejandro (Econjournals, 2017-03-29)In this paper, we explore the difference in quality between public and private higher education institutions (HEIs) in Colombia. We test whether the differences in the national exam that measures student performance (Saber ... -
Does international arbitration affect economic growth in Latin America?
Cayón Fallon, Edgardo; Correa Restrepo, Juan Santiago; Espriella, Lina de la (World Scientific and Engineering Academy and Society (WSEAS), 2018)In this paper, we examine the effects of international arbitration on GDP growth in Latin American countries. After reviewing the literature on the importance of arbitration from an economic standpoint, and by using a panel ... -
Economic news and colombian sovereign bonds
Sarmiento Sabogal, Julio Alejandro; Cayón Fallon, Edgardo; Villegas, Daniel; Hoyos, Alejandro; Altamar Barrios, Juan David (EuroJournals, 2013)This paper analyses the effect of surprises in local and international economic news on the Colombian local-currency government bond market. In this study, we categorize the different government bond issues into three ... -
The effects of global, regional, and local macroeconomic events on the price of the colombian Castilla blend
Cayón Fallon, Edgardo; Garzón, Natalia Andrea; Pérez, Juan Sebastian (Econjournals, 2019-10-04)The Castilla blend is a heavy crude produced in the plain fields of Colombia and is similar to the heavy crudes produced in other countries in the Western hemisphere. One characteristic of this type of crude is that it is ... -
The effects of the global financial crisis on the colombian local currency bonds prices : an event study
Cayón Fallon, Edgardo; Sarmiento Sabogal, Julio Alejandro; Shukla, Ravi K. (Emerald Publishing Limited, 2016-09-12)Purpose The purpose of this paper is to perform an event study using high frequency data on peso-denominated Colombian government bonds to measure the effects of news during the global financial crisis (GFC). Design/ ... -
Financial autarchy as contagion prevention : the case of colombian pension funds
Cayón Fallon, Edgardo; Thorp, Susan (Routledge, 2014-12-05)Regulations restricting investment by pension funds in high-risk and foreign assets may quarantine member accounts from contagious transmissions during financial crises. We analyze contagion from U.S. equity markets to ... -
Immunity and infection : emerging and developed market sovereign spreads over the global financial crisis
Cayón Fallon, Edgardo; Thorp, Susan; Wu, Eliza (Elsevier BV, 2018-03)We compare sovereign bond spreads during the international financial crisis across groups drawn from 43 countries, including 20 emerging economies. We extend traditional factor analyses and utilize propensity score matching ... -
Impact of commodities and global stock prices on the idiosyncratic risk of Bitcoin during the COVID-19 pandemic
Cayón Fallon, Edgardo; Sarmiento Sabogal, Julio Alejandro (LLC "CPC" Business Perspectives, 2021-11-24)In times of exogenous systemic shocks, such as the COVID-19 pandemic, it is important to identify hedge or safe haven assets. Therefore, this paper analyzes changes in the idiosyncratic risk of Bitcoin in a portfolio of ... -
The Impact of coskewness and cokurtosis as augmentation factors in modeling colombian electricity price returns
Cayón Fallon, Edgardo; Sarmiento Sabogal, Julio Alejandro (MDPI AG, 2022-09-22)This paper explores the empirical validity of an augmented volume model for Colombian electricity price returns (in the present study, the definition of returns is simply the “rate of change” of observed prices for different ... -
Personalized education and its role in reducing dropout student rates in Colombia: The CESA case
Cayón Fallon, Edgardo; Correa Restrepo, Juan Santiago (EuroJournals, 2014-03)In Colombia the dropout rate in 2013 among business, economics and accounting schools was 53.65% at the national level. Is within this context, that the Colegio de Estudios Superiores de Administración (CESA) reported one ... -
Positive asymmetric information in volatile environments : the black market dollar and sovereign bond yields in Venezuela
Sarmiento Sabogal, Julio Alejandro; Cayón Fallon, Edgardo; Collazos, María; Sandoval, Juan S. (Elsevier Inc., 2017-10)Purpose We test the informational efficiency of Venezuelan USD sovereign bond yields when the black market exchange-rate premium (BMERP) changes. Design We use a non-parametric, asymmetric, Granger causality test to ... -
Science and technology policy in Colombia : a comparative review
Correa Restrepo, Juan Santiago; Tejada Gómez, María Alejandra; Cayón Fallon, Edgardo; Ordóñez Matamoros, Héctor Gonzalo (EuroJournals, 2014)The purpose of the present paper is to assess the current situation of the science and technology system in Colombia from a comparative perspective of quality indicators in Latin America and the Caribbean (LAC). We analyze ... -
Sin stocks and ESG scores : does the nature of your business really matter?
Cayón Fallon, Edgardo; Gutierrez, Juan Camilo (Centrum Badan Socjologicznych, 2021)The purpose of this paper is to analyse the environmental, social, and governance (ESG) performance of sin stocks held by companies that operate in sectors with ethical implications (gaming, defence, adult entertainment, ... -
Strategy and additive technologies as the catalyst for outsourcing, process innovation and operational effectiveness
Tegethoff, Thomas M.; Santa Florez, Ricardo Alberto; Cayón Fallon, Edgardo; Scavarda, Anníbal José (Public Library of Science, 2023-02-27)Purpose There is rising interest in Industry 4.0 as a factor in the competitiveness of the organization. Although many companies are aware of the importance of Industry 4.0, the development of such initiatives in Colombia ... -
A test of the efficient market hypothesis with regard to the exchange rates and the yield to maturity in Colombia
Sarmiento Sabogal, Julio Alejandro; Hatemi J., Abdulnasser; Cayón Fallon, Edgardo (World Scientific and Engineering Academy and Society (WSEAS), 2016)This article investigates the informational efficiency of the Colombian stock market with regard to the information contained in the exchange rates as well as the yield to maturity. Since the underlying data is non-normal ... -
A test of the market efficiency of the Integrated Latin American Market (MILA) index in relation to changes in the price of oil
Hernández Gamarra, Katerin; Sarmiento Sabogal, Julio Alejandro; Cayón Fallon, Edgardo (Econjournals, 2015-04-16)The purpose of this paper is to study if there is a Granger causality relationship between the price of oil and the prices of the stocks that compose the Integrated Latin American Market (MILA) Index. Our analysis found ...