{"id":59631,"date":"2007-04-07T00:00:00","date_gmt":"2007-04-07T00:00:00","guid":{"rendered":"https:\/\/www.deberes.net\/tesis\/sin-categoria\/contrastes-del-capm-en-el-mercado-accionario-chileno-1993-2003\/"},"modified":"2007-04-07T00:00:00","modified_gmt":"2007-04-07T00:00:00","slug":"contrastes-del-capm-en-el-mercado-accionario-chileno-1993-2003","status":"publish","type":"post","link":"https:\/\/www.deberes.net\/tesis\/econometria\/contrastes-del-capm-en-el-mercado-accionario-chileno-1993-2003\/","title":{"rendered":"Contrastes del capm en el mercado accionario chileno (1993-2003)"},"content":{"rendered":"<h2>Tesis doctoral de <strong> Carlos Alberto D\u00edaz Contreras <\/strong><\/h2>\n<p>El modelo de valoraci\u00f3n de activos de capital (capm) fue desarrollado en los a\u00f1os sesenta (siglo pasado). Dado que este modelo se basa en hip\u00f3tesis bastante restrictivas sobre el funcionamiento de los mercados burs\u00e1tiles, el objetivo de muchas investigaciones ha sido, desde entonces, ver si las predicciones del capm concuerdan con la realidad de los mercados. en chile, gran parte de las empresas utilizan la metodolog\u00eda capm para calcular el costo de capital del patrimonio. Adem\u00e1s, todas las empresas de servicio p\u00fablico (como por ejemplo, generadoras de electricidad, distribuidoras de electricidad, tratamiento de agua, y otras), que antiguamente eran estatales, han sido privatizadas. Al ser todas ellas monopolios en la zona donde se ubican, el estado les fija las tarifas m\u00e1ximas que pueden cobrar. Dentro de las variables que se consideran  para fijar las tarifas, est\u00e1 la remuneraci\u00f3n al capital. Y en todas ellas se usa el capm para fijar dicha remuneraci\u00f3n. Pero, a pesar del masivo  uso del capm en chile, existen pocos trabajos te\u00f3ricos\/pr\u00e1cticos destinados a testearlo. por lo tanto, el objetivo  general de esta tesis fue \u00abcontrastar el modelo capm en el mercado accionario chileno durante el per\u00edodo 1993-2003, usando las diversas metodolog\u00edas de contraste existentes: metodolog\u00eda de series de tiempo; de corte transversal con y sin medias; el capm ampliado con otras variables; eficiencia en media-varianza; m\u00e9todo generalizado de momentos; contraste intuitivo\u00bb. concluido el trabajo, si bien no se puedo aceptar la metodolog\u00eda capm como la metodolog\u00eda correcta de valoraci\u00f3n de activos en el mercado burs\u00e1til chileno, durante el periodo de estudio, tampoco result\u00f3 posible rechazarla, ya que casi por igual, hubo tantas metodolog\u00edas que permit\u00edan rechazar el capm como las que permit\u00edan aceptarla.<\/p>\n<p>&nbsp;<\/p>\n<h3>Datos acad\u00e9micos de la tesis doctoral \u00ab<strong>Contrastes del capm en el mercado accionario chileno (1993-2003)<\/strong>\u00ab<\/h3>\n<ul>\n<li><strong>T\u00edtulo de la tesis:<\/strong>\u00a0 Contrastes del capm en el mercado accionario chileno (1993-2003) <\/li>\n<li><strong>Autor:<\/strong>\u00a0 Carlos Alberto D\u00edaz Contreras <\/li>\n<li><strong>Universidad:<\/strong>\u00a0 Deusto<\/li>\n<li><strong>Fecha de lectura de la tesis:<\/strong>\u00a0 04\/07\/2007<\/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: Juan  jos\u00e9 Dur\u00e1n herrera <\/li>\n<li>Antonio Freije uriarte (vocal)<\/li>\n<li>prosper Lamothe fern\u00e1ndez (vocal)<\/li>\n<li>Juan  Manuel Mascare\u00f1as perez i\u00f1igo (vocal)<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tesis doctoral de Carlos Alberto D\u00edaz Contreras El modelo de valoraci\u00f3n de activos de capital (capm) fue desarrollado en los [&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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