{"id":22490,"date":"2003-07-04T00:00:00","date_gmt":"2003-07-04T00:00:00","guid":{"rendered":"https:\/\/www.deberes.net\/tesis\/sin-categoria\/metodos-especiales-de-valoracion-de-empresas-de-internet\/"},"modified":"2003-07-04T00:00:00","modified_gmt":"2003-07-04T00:00:00","slug":"metodos-especiales-de-valoracion-de-empresas-de-internet","status":"publish","type":"post","link":"https:\/\/www.deberes.net\/tesis\/rey-juan-carlos\/metodos-especiales-de-valoracion-de-empresas-de-internet\/","title":{"rendered":"M\u00e9todos especiales de valoraci\u00f3n de empresas de internet"},"content":{"rendered":"<h2>Tesis doctoral de <strong> Ana Belen Alonso Conde <\/strong><\/h2>\n<p>El objetivo de esta tesis es el desarrollo de una metodolog\u00eda de valoraci\u00f3n para empresas de internet. Dado el amplio abanico y heterogeneidad de empresas que desarrollan su actividad en internet, el estudio se ha centrado especialmente en empresas de comercio electr\u00f3nico dirigido al consumidor final (tales como portales de internet, tiendas virtuales, proveedores de contendios, subastas en la red etc.).  la t\u00e9cnica de valoraci\u00f3n propuesta se basa en la metodolog\u00eda del descuento de flujos de caja disponibles (dfc), ya que se trata de una de las t\u00e9cnicas m\u00e1s consistentes desde el punto de vista del an\u00e1lisis financiero y ampliamente aceptada en valoraci\u00f3n de empresas de internet.  el modelo que se propone trata de realizar una proyecci\u00f3n rigurosa, basada en t\u00e9cnicas estad\u00edsticas y econom\u00e9tricas, de los flujos de caja de las empresas de internet bas\u00e1ndose en informaci\u00f3n hist\u00f3rica financiera y operativa de la empresa bajo estudio y de otras empresas comparables. El objetivo que se persigue es eliminar o reducir al m\u00ednimo el n\u00famero de hip\u00f3tesis arbitrarias o subjetivas que se suelen emplear t\u00edpicamente en este tipo de t\u00e9cnicas de valoraci\u00f3n.  para estimar los flujos de caja de la empresa, el modelo parte de una predicci\u00f3n de los ingresos realizada mediante un an\u00e1lisis estad\u00edstico de los datos hist\u00f3ricos financieros y operativos disponibles (indicadores de tr\u00e1fico web y otras variables ex\u00f3genas). Una vez estimados los ingresos, se proyectan el resto de partidas que componen el flujo de caja (beneficios, amortizaciones, inversiones en inmovilizado material e inversiones en capital circulante) como un ratio o porcentaje esperado con respecto a los ingresos estimados. los flujos de caja as\u00ed estimados se descuentan mediante la tasa adecuada (coste de capital medio ponderado, ccmp). Asimismo, se determina el valor terminal de la empresa mediante el m\u00e9todo de crecimiento perpetuo. Finalmente, dado que todas las estima<\/p>\n<p>&nbsp;<\/p>\n<h3>Datos acad\u00e9micos de la tesis doctoral \u00ab<strong>M\u00e9todos especiales de valoraci\u00f3n de empresas de internet<\/strong>\u00ab<\/h3>\n<ul>\n<li><strong>T\u00edtulo de la tesis:<\/strong>\u00a0 M\u00e9todos especiales de valoraci\u00f3n de empresas de internet <\/li>\n<li><strong>Autor:<\/strong>\u00a0 Ana Belen Alonso Conde <\/li>\n<li><strong>Universidad:<\/strong>\u00a0 Rey juan carlos<\/li>\n<li><strong>Fecha de lectura de la tesis:<\/strong>\u00a0 07\/04\/2003<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h3>Direcci\u00f3n y tribunal<\/h3>\n<ul>\n<li><strong>Director de la tesis<\/strong>\n<ul>\n<li>Luis Tomas Diez De Castro<\/li>\n<\/ul>\n<\/li>\n<li><strong>Tribunal<\/strong>\n<ul>\n<li>Presidente del tribunal: camilo Prado freire <\/li>\n<li>alfonso Rodr\u00edguez sandi\u00e1s (vocal)<\/li>\n<li>onofre Martorell cunill (vocal)<\/li>\n<li>Jos\u00e9 ram\u00f3n Aragon\u00e9s gonz\u00e1lez (vocal)<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tesis doctoral de Ana Belen Alonso Conde El objetivo de esta tesis es el desarrollo de una metodolog\u00eda de valoraci\u00f3n [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center 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