El objetivo del siguiente trabajo es estimar el precio de la acción del Grupo Graña y Montero (GyM) considerando las herramientas metodológicas que fueron enseñadas a lo largo de la Maestría en Finanzas. La relevancia del estudio de GyM se basa en su posición como la mayor empresa nacional líder en el sector construcción. Adicionalmente, la relevancia del estudio sobre la valoración de GyM también radica en que es una de las principales acciones locales en las que invierten los fondos de pensiones del Perú. En este sentido, lograr una valorización alternativa permitirá tener una mejor idea del valor fundamental de las acciones de la empresa y de su contribución a la rentabilidad del sistema de pensiones peruano. GyM ha mostrado ser una acción bastante volátil en los últimos años. Por ello, entender la empresa y sus drivers es uno de los objetivos del presente trabajo pa...

Objective: To determine the effect of the dynamic of departmental labor income in Peru on the affiliation to the Private Pension Administration System (SPP), in the period 2004-2021. Method: A panel data model with fixed effects was used to estimate the effect of the dynamics of labor income during the 2004-2021 period, understood as the proportion of the Economically Active Population (EAP) that has dependent labor income above the minimum wage (RMV), on an access indicator such as the affiliation to the SPP referred to the percentage of the EAP that is affiliated to said system. Results: There is a differentiated dynamic in the rate of affiliation to the SPP and in the growth of labor income, and the dependent labor income between the departments. Likewise, a positive and statistically significant effect of the proportion of the EAP that has dependent labor income above the minimum wag...

Objective: Determine how the monetary and fiscal measures implemented under a global health crisis scenario mitigated the negative effects on the national economy. Method: Descriptive, correlational, cross-sectional, and non-experimental research. Other information, obtained from official government sources, was used to perform statistical measurements. Results: A negative Pearson correlation was found between the issuance of money and the interest rate r = -0.46, which explains the fall in interest rates due to increases in working capital. The same type of relationship was found between the interest rate and business loans, with the coefficient r = -0.12, which shows the advance of loans due to the fall in the cost of money that generated favorable results in gross national product (GNP). Public spending contributed with a weak boost to this macroeconomic indicator, a fact that can be ...