Measuring VaR of Discounted Cash Flows. Application to a Business Case

AD-minister

Jenny Moscoso Escobar¹ 

[1] Universidad de Antioquia

关键词: Corporate Finance;    Business Risk;    Market Risk;    Value at Risk;    CashFlow;    Montecarlo Simulation;    Application Case Firm;   

DOI  :  

学科分类：社会科学、人文和艺术（综合）

来源: Universidad E A F I T

【 摘 要 】

This article seeks to appropriate a Cash Flow at Risk –CFAR- model from theliterature developed in the research of Postgraduate, Measuring Value at Risk ofDiscounted Cash Flow for the Colombian Firm not listed on the stock market andapply it to a non-financial firm at the real sector, which specifies the operationaland macroeconomic variables as random results, in a process of statistical modelingby Monte Carlo simulation approach structured in order to measure the variationin future cash flows discounted by a risk-adjusted rates for applications such as toolmaking decisions through the CFaR.

【 授权许可】

Unknown