Opportunity cost of the exporting commercial agricultural sector in Peru, 1998-2017
DOI:
https://doi.org/10.21704/ac.v82i1.1739Keywords:
opportunity cost, market yields, systematic riskAbstract
The objective of the investigation was to determine the opportunity cost in the commercial export agricultural sector, based on in the economic foundations for Peru, period 1998-2017. The methodology of the research was explanatory and was carried out under a longitudinal non-experimental design, with the application of the capital asset price model (CAPM) for determining the opportunity cost of the exporting commercial agricultural sector of Peru, in the period 1998-2017. Data were processed from the share price indices of 19 agricultural companies listed on the Lima Stock Exchange. The results showed the relationship of market performance variables and systematic risk (Beta) in the determination of the opportunity cost of the commercial agricultural exporting sector, obtaining a value greater than 29%. In conclusion, there is viability of agricultural projects and businesses that previously were not because much higher rates were applied, managed by the banking system in Peru.
Downloads
References
• Banco Central de Reserva del Perú. (2017). Serie estadísticas / Mercado de Capitales / Índices bursátiles, varios años. Disponible en http://www.bcrp.gob.pe/2017
• BVL [Bolsa de Valores de Lima]. (2017). Histórico de cotizaciones de acciones del sector agrario, base de datos estadística. Disponible en http://www.bvl.com.pe/2017
• Fernández, J. (2008). Internalización del riesgo en la determinación de la tasa de costo de capital. España: Universidad de Rioja, España.
• Kristjanpoller, W., & Liberona, C. (2010). Comparación de modelos de predicción de retornos accionarios en el Mercado Accionario Chileno: CAPM, FAMA y FRENCH y REWARD BETA. EconoQuantum, 7(1): 121-140.
• Markowitz, H. (1952). Portfolio Selection.The Journal of Finance, 7(1), 77-91. Disponible en https://www.math.ust.hk/~maykwok/courses/ma362/07F/markowitz_JF.pdf
• MINAGRI [Ministerio de Agricultura y Riego]. (2017). Expansión de la Frontera Agrícola en el Perú. Disponible en http://www.minagri.gob.pe/2017
• Sarmiento, A. (2008). Análisis de costos de la generación de energía eléctrica mediante fuentes renovable en el sistema eléctrico colombiano. Colombia: Universidad Militar Nueva Granada.
• Valenzuela, A. (2012). Costo de Capital, modelo CAPM. Chile: Facultad de Ciencias Sociales y Económicas, Universidad Católica de Maule, Maule.
• Vélez-Pareja, I. (2011). Una nota sobre el costo promedio de capital. Universidad Complutense de Madrid, España
Downloads
Published
Issue
Section
License
Copyright (c) 2021 Juan F. Magallanes Díaz, Carlos F. Camasi Montes
This work is licensed under a Creative Commons Attribution 4.0 International License.
