Examinando por Autor "Burneo, Kurt"

Mostrando 1 - 7 de 7

Solo Metadatos
Emerging Markets Integration in Latin America (MILA) stock market indicators: Chile, Colombia, and Perú
(Universidad ESAN. ESAN Ediciones, 2015-12-01) Lizarzaburu Bolaños, Edmundo R.; Burneo, Kurt; Galindo, Hamilton; Berggrun, Luis
This study aims to determine the impact of the Latin American Integrated Market (MILA) start-up in the main indicators of the stock markets of the countries that conform it (Chile Colombia and Peru). At the end several indicators were reviewed to measure the impact on profitability risk correlation and trading vol. between markets using indicators such as: annual profitability standard deviation correlation coefficient and trading vol.. The sample period runs from November 2008 to August 2013; and involves the three stock markets associated with MILA: Bolsa de Comercio de Santiago (BCS) Bolsa de Valores de Colombia (BVC) y Bolsa de Valores de Lima (BVL). An additional evaluation for further research would consist of the calculation of relevant indicators to corroborate the validity of the effects found in this investigation corresponding to the integration of the stock exchanges of Lima Santiago and Bogota after the integration of the Mexican stock exchange that occurred in 2014.
Acceso Abierto
Gestión de seguridad y salud en el trabajo de la ISO 45001 en mercados emergentes
(Universidad de Los Andes, 2021) Lizarzaburu Bolaños, Edmundo; Burneo, Kurt; Sánchez Cárdenas, Giancarlo
The objective of this research document is to provide an introduction to ISO 45001, the new occupational health and safety management system. First, presenting its background, objectives, benefits and explanation of the system proposed by the standard. Likewise, a comparison with its predecessor, the OHSAS 18001 standard, is made throughout the text, since, in addition to complying with the requirements previously proposed in said and the role of senior management as leader standard, ISO 45001 emphasizes the context of the organization of the Management System. Given the growing global competitiveness and the number of accidents registered annually by the International Labor Organization (ILO), it is advisable to be informed of the updating of this management standard. As main findings it is emphasized that the ISO 45001 standard presents new objectives of continuous improvement and total quality aligned with current quality standards, with the main objective of mitigating occupational risks through strategic organizational planning that unifies hierarchical levels in the dynamics of health and safety at work.
Acceso Abierto
Gestión integral de riesgos y antisoborno: un enfoque operacional desde la perspectiva iso 31000 e iso 37001
(Universidad del Rosario, 2018-10-24) Lizarzaburu Bolaños, Edmundo R.; Barriga, Gabriela; Burneo, Kurt; Noriega, Eduardo
This paper seeks to explain how companies can apply risk management from an operational approach and the necessary guidelines to carry out an efficient management of it (Bromiley et al., 2015). Therefore, we first work out the risk in operations and explain the types of events, the factors that cause it, and details measurement tools such as severity. Then, the theory about management standards related to risk management, such as iso 37001, iso 31000 and COSO, in their latest versions, is reviewed. The research paper proposes an application in the area of risks, through a proposal of a general risk scheme and a structure of risk management for organizations. Finally, new aspects are developed to consider the case of cybernetic risk.
Acceso Abierto
Gobierno corporativo en el sector bancario de una economía emergente
(Georgetown University, 2019-03-29) Lizarzaburu, Edmundo R.; Burneo, Kurt; Barriga, Gabriela; Noriega, Luis
The purpose of this research is to measure the relationship between the application of good corporate governance practices in relation to the economic value of listed banks in an emerging market such as the Lima Stock Exchange, given the growing importance of corporate governance, and in the absence of empirical evidence on banks in emerging markets. The methodology used employs a model that evaluates the Tobin's Q, leverage ratios, portfolio quality, efficiency and return on assets (ROA) and the dichotomous variable with respect to the incorporation into the Good Corporate Governance Index of the stock exchange. Lima, considering a temporality from 2011 to 2016.
Acceso Abierto
Risk of insolvency and return of shares: empirical analysis of Altman's Z-Score in the Peruvian mining sector between 2008 and 2018
(Universidad del Rosario, 2021-02-03) Lizarzaburu, Edmundo R.; Burneo, Kurt; Berggrun, Luis
This research pretends to evaluate the significance of the insolvency risk, referred by Altman's Z-Score, in the explanation of the historical return of the 7 most liquid mining companies listed in the Lima Stock Exchange based on a Market Return Model (MRM) under a cross-sectional approach. In this sense, daily data was collected from the S&P/BVL Peru Select index and the Peruvian 10-year Sovereign Bond between 2008-2018, approximated quarterly by the geometric average to homogenize them with the frequency of the Z. Thus, two central results were obtained: 1) The Z-Score, as an estimator of insolvency risk, is not valid to explain the behavior of the historical return of the shares, and 2) The Market Premium is statistically significant within the yield analysis. Also, contrary to the common literature, the results suggest the validity of Sharpe's conventional CAPM.
Solo Metadatos
Unión Andina de Cementos S.A.A. (UNACEM): Capital Structure Case
(Grupo Editorial Espacios GEES 2021 C.A., 2015) Lizarzaburu, Edmundo R.; Burneo, Kurt; Berggun, Luis
This present research paper, introduces one of the most important companies in the local market (Peru), Union Andina de Cementos S.A.A. (UNACEM). The company is engaged in the development and manufacture of clinker, cement and other building materials in the country and abroad, including marketing and sales as well as the operation of the dock facilities and complementary Conchan oil refinery. In the last years, their capital structure and their WACC changed because of the merger between Cementos Andino and Cementos Lima. Also, we considered the macroeconomic environment and the national cement industry, in 2012; the company had a market share of 54% and was the leader of the local market. Additionally, according to the forecast of the national economic institutions, the local construction market will have an increase of 14% in the next years. This research paper is ideal for the analysis of the capital structure of the company with the market value, and could be used within the current context of the construction sector, in view of the new projects and the growth of the local market.
Acceso Abierto
Visión empresarial como nuevo aporte a la teoría beckeriana del crimen en el Perú
(Policía Nacional de Colombia, 2019-01-01) Lizarzaburu Bolaños, Edmundo Raúl; Burneo, Kurt; Florez Alata, Hugo Gustavo; Noriega, Luis
This paper aims to approach crime of economic motivation as a wrong business model. The objective is to consider crime as an activity with the same goals of an enterprise. Therefore, this is a matter of study of business management, too: profit maximization through the cost minimization connected to the completion and maintenance of its operations; competiveness and influence of an appropriate climate for increasing its operations, for producing incomes illegally and having crime as collateral. The methodology conducted a historical review based on the Theory of the Rational Crime (Becker, 1968) and other theories that explain the benefits and incentives that make criminal business sustainable. The result underscores the tools introduction of the business administration sciences for understanding the criminal matter of economic motivation.