JEFAS Vol. 20 Nº 39 (2015)

URI permanente para esta colecciónhttps://hdl.handle.net/20.500.12640/4127

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Acceso: search.filters.access.Acceso abiertoTema: search.filters.subject.Integración

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  • Miniatura
    ÍtemSolo Metadatos
    The integration of stock exchanges: The case of the Latin American Integrated Market (MILA) and its impact on ownership and internationalization status in Colombian brokerage firms
    (Universidad ESAN. ESAN Ediciones, 2015-12-01) Yepes Rios, Beatriz; Gonzalez Tapia, Kelly; Gonzalez Perez, Maria Alejandra
    This paper describes the changes in ownership and internationalization of the brokerage firms in Colombia as a result of the regional integration process of its stock exchange market through the Latin AmericanIntegrated Market (MILA). It proposes that the integration of stock exchanges generated transformations within the brokerage sector, and affected companies in response pursue different strategies toremain competitive in the current state of affairs. In the case of Colombia, stock exchange integration through MILA has resulted into mergers between local brokerage firms, acquisitions from both national and international companies and changes in ownership.
  • Miniatura
    ÍtemSolo 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.