Examinando por Autor "Botero Botero, Sergio"

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Aplicación de las opciones reales en la toma de deciciones en los mercados de electricidad
(Universidad Icesi, 2014-10-01) Botero Botero, Sergio; Isaza Cuervo, Felipe
Strategic investment decisions in power markets are subject to high risk and uncertainty, therefore Real Options appear to be an appropriate tool to assess the decision-making processes in such markets. This paper presents a literature review, analyzing and classifying Real Options applications in power markets on investments and operation decisions; energy policy and programs. A synthetic application model is presented using binomial models to introduce wind power instead of coal fired plants according coal prices volatility. Finally it is concluded that Real Options improves the decision-making processes better than traditional methods, as it better captures the uncertainties of this kind of market.
Estudios de rendimiento en las empresas de familia. Una nueva perspectiva
(2017-01-01) Molina Parra, Paula Andrea; Botero Botero, Sergio; Montoya Restrepo, Alexandra
The objective of this paper is to systematize and analyze existing empirical studies of the relationship between family involvement in family businesses and their financial returns. With this purpose in mind, a systematic review of papers has been carried out. These papers have been selected with criteria clearly defined in the most relevant databases of social sciences, aiming at seeing whether this relationship is positive or negative. Based on the findings, three trends of the studies analyzed were obtained: positive relationship, negative relationship and neutral relationship. With these heterogeneous results it has been concluded that the relationship between the family businesses and their performance are complex and probably moderate or affected by factors that are not included in these analysis.