Los Modelos CAPM y APT para la valuación de empresas de Telecomunicaciones con parámetros operativos

J. Saldaña; M. Palomo; M. Blanco

doi:10.29105/rinn4.8-6

Authors

J. Saldaña Autonomous University of Nuevo León
M. Palomo Autonomous University of Nuevo León
M. Blanco Autonomous University of Nuevo León

DOI:

https://doi.org/10.29105/rinn4.8-6

Keywords:

APT, Capital, CAPM, Financial Expectations, Operative Factors

Abstract

One of the most important research topics in the financial area during de the last years has been the capital assets appraisal or the appraise of shares. This seeks two determine the explanatory factor of the rate of return for a specific portfolio. The CAPM (Capital Asset Pricing Model and the APT (Arbitrage Pricing Theory), both capital asset evaluation models, are hereby presented. The main characteristics of both models are the essential assumptions for their for there development, their statement and the practical test on the telecommunications portfolio using operational, financial and macroeconomics
variable, and carried on with the purpose to be compare with reality.

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