{"id":37383,"date":"1998-01-01T00:00:00","date_gmt":"1998-01-01T00:00:00","guid":{"rendered":"https:\/\/www.deberes.net\/tesis\/sin-categoria\/la-diversificacion-internacional\/"},"modified":"1998-01-01T00:00:00","modified_gmt":"1998-01-01T00:00:00","slug":"la-diversificacion-internacional","status":"publish","type":"post","link":"https:\/\/www.deberes.net\/tesis\/ciencias-economicas\/la-diversificacion-internacional\/","title":{"rendered":"La diversificacion internacional."},"content":{"rendered":"<h2>Tesis doctoral de <strong>  Larrinaga Ojanguren Miguel Angel <\/strong><\/h2>\n<p>La creciente globalizaci\u00f3n se ha presentado de forma m\u00e1s r\u00e1pida y acusada en los mercados burs\u00e1tiles y consecuentemente ha impulsado al inventor a redefinir sus carteras de inversi\u00f3n. Esta tesis contempla algunas de las posibles repercusiones que este proceso globalizador lleva impl\u00edcito. En una primera parte de la tesis se analiza, con fundamentos te\u00f3ricos y pr\u00e1cticos, las ventajas que una diversificaci\u00f3n internacional puede ofrecer a todo inversor a la hora de conformar su cartera de inversi\u00f3n. As\u00ed se muestran, no s\u00f3lo las ventajas de un aumento de la dimensi\u00f3n de la cartera sino que se ofrece al inversor de criterios para acceder a carteras m\u00e1s interesantes. Esta primera parte del trabajo se basa en la teor\u00eda de cartera desarrollada por el premio nobel de econom\u00eda harry markowitz. Con las buenas perspectivas que este an\u00e1lisis proporciona, en la segunda parte del trabajo se analiza la cuesti\u00f3n de la valoraci\u00f3n de los diferentes t\u00edtulos burs\u00e1tiles desde la perspectiva global que inunda la tesis. As\u00ed, se estudia el comportamiento de los dos modelos internacionales de valoraci\u00f3n m\u00e1s conocidos y de mayor actualidad en el campo financiero:  el modelo internacional de valoraci\u00f3n de activos de capital (iapm) y el modelo internacional de valoraci\u00f3n por arbitraje (iapt), desarrollados por bruno solnik. En ambos casos hemos realizado un doble an\u00e1lisis: a) un an\u00e1lisis te\u00f3rico donde, por un lado, se plantea una simplificaci\u00f3n del aparato matem\u00e1tico en el que se basa el modelo iapm, mientras que, por otro lado, se incluye junto al desarrollo te\u00f3rico original del modelo iapt una variaci\u00f3n del mismo, que resulta m\u00e1s f\u00e1cilmente comparable con el primer modelo indicado. B) un an\u00e1lisis pr\u00e1ctico que analiza la validez de los modelos mediante el empleo de t\u00e9cnicas cuantitativas aplicadas a 18 mercados burs\u00e1tiles internacionales, obteni\u00e9ndose resultados alentadores sobre la validez de los modelos propuestos.<\/p>\n<p>&nbsp;<\/p>\n<h3>Datos acad\u00e9micos de la tesis doctoral \u00ab<strong>La diversificacion internacional.<\/strong>\u00ab<\/h3>\n<ul>\n<li><strong>T\u00edtulo de la tesis:<\/strong>\u00a0 La diversificacion internacional. <\/li>\n<li><strong>Autor:<\/strong>\u00a0  Larrinaga Ojanguren Miguel Angel <\/li>\n<li><strong>Universidad:<\/strong>\u00a0 Deusto<\/li>\n<li><strong>Fecha de lectura de la tesis:<\/strong>\u00a0 01\/01\/1998<\/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>bezares Pascual G\u00f3mez<\/li>\n<\/ul>\n<\/li>\n<li><strong>Tribunal<\/strong>\n<ul>\n<li>Presidente del tribunal:  Martin Marin Jos\u00e9 Luis <\/li>\n<li>Luis Ferruz Agudo (vocal)<\/li>\n<li> Ruiz Martinez Ram\u00f3n Jes\u00fas (vocal)<\/li>\n<li>Jos\u00e9 Vicente Ugarte Susaeta (vocal)<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tesis doctoral de Larrinaga Ojanguren Miguel Angel La creciente globalizaci\u00f3n se ha presentado de forma m\u00e1s r\u00e1pida y acusada en [&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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