08Nov 2018

PERFORMANCE OF THE STOCK SHARES OF FOOD SECTOR COMPANIES AND THEIR IMPACT ON THE PRICE AND QUOTATION INDEX (CPI) OF THE MEXICAN STOCK EXCHANGE.

  • Research professors of the Technological Institute of Sonora.
Crossref Cited-by Linking logo

  • Abstract
  • Keywords
  • References
  • Cite This Article as
  • Corresponding Author

This research is an analysis of the impact of stock assets (shares) listed and classified in the sector of frequent consumption products of the food industry of the Mexican Stock Exchange (BMV) on the price and quotation index (CPI). Considering this sector as the most sensitive to the effects of variations in inflation and its impacts on the basic basket. Therefore, the objective of this article is to determine the extent to which each of the analyzed assets contributes to the performance of the CPI in the securities market. The study population is the actions of companies in the food industry that have demonstrated a stock market presence in the BMV for the last five full years (2013-2017), as well as the main indicator of the stock market in Mexico, the CPI. The research contemplates the highest possible content on the markets in the sexennium of the current federal government in Mexico (2013-2018); that is, 1,256 data and after the international financial crisis 2008-2009. The statistical results were treated through the statistical tool SPSS, version 21, showing that there is a significant degree of positive and statistically significant association between the CPI with each of the assets included in the model.

  1. Alvarez, Y. P. R., Atehort?a, F. H. R., & Guzm?n-Aguilar, D. S. (2013). Mercado Integrado Latinoamericano (MILA): an?lisis de correlaci?n y diversificaci?n de los portafolios de acciones de los tres pa?ses miembros en el per?odo 2007-2012.?Cuadernos de Contabilidad,?14(34), 53-74.
  2. Ball, R. & Brown, P. (1968). An empirical evaluation of accounting income numbers. Journal of Accounting Research, 6, 159?78.
  3. Buenaventura Vera, G., & Cuevas Ulloa, A. F. (2005). Una propuesta metodol?gica para la optimizaci?n de portafolios de inversi?n y su aplicaci?n al caso colombiano.?Estudios gerenciales,?21(95), 13-36.
  4. Contreras, O. E., Bronfman, R. S., & Arenas, C. E. V. (2015). Estrategia de inversi?n optimizando la relaci?n rentabilidad-riesgo: evidencia en el mercado accionario colombiano.?Estudios Gerenciales,?31(137), 383-392.
  5. CRUZ, E. A., RESTREPO, J. H., & SANCHEZ, J. J. (2005). Portafolio de inversi?n en acciones optimizado.?Scientia ettechnica,?1(27).
  6. Diamantopoulos, A., &Siguaw, J. A. (2006). Formative versus reflective indicators in organizational measure development: A comparison and empirical illustration. British Journal of Management, 17(4), 263-282.
  7. Franco-Arbel?ez, L. C., Avenda?o-R?a, C. T., &Barbut?n-D?az, H. (2011). Modelo de Markowitz y modelo de Black-Litterman en la optimizaci?n de portafolios de inversi?n.?Tecno L?gicas, (26), 71-88.
  8. Garc?a, M. D. P. R., Alejandro, K. A. C., S?enz, A. B. M., & S?nchez, H. H. G. (2015). An?lisis de portafolio por sectores mediante el uso de algoritmos gen?ticos: caso aplicado a la Bolsa Mexicana de Valores.?Contadur?a y administraci?n,?60(1), 87-112.
  9. Gonz?lez, M. A. C., Garc?a, M. D. P. R., & S?nchez, H. H. G. (2015). An?lisis del desempe?o financiero de portafolios de inversi?n en fibras y acciones.?Vincula T?gica EFAN,?1(1), 1353-1371.
  10. Granger, C. W., & Newbold, P. (1976). Forecasting transformed series. Journal of the Royal Statistical Society.Series B (Methodological), 189-203.
  11. Hern?ndez, J. A. (2012). Propuesta metodol?gica para la construcci?n de un ranking de emisores en la Bolsa de Valores de Colombia.?Equidad Y Desarrollo, (18), 161-209.
  12. Lo, A. W. (2007). Efficient markets hypothesis.
  13. Markowitz, H. 1991. Foundations of portfolio theory. Journal of Finance, 46, 469?77.
  14. Molina, A. F. P., & Rojas, H. L. (2010). Dise?o de estrategias ?ptimas para la selecci?n de portafolios, un an?lisis de la ponderaci?n inversa al riesgo (PIR).?Lecturas de econom?a, (73), 243-273.
  15. Mora, J. A. N., & Mata, L. M. (2016). Matriz de covarianza bajo la familia hiperb?lica generalizada y la construcci?n de portafolios.?Contadur?a y administraci?n,?61(3), 535-550.
  16. Pereda, J. (2012). Consideraciones para calcular el ratio precio-utilidad de la bolsa de Valores de Lima: metodolog?a y aplicaciones.?Journal of Economics, Finance and Administrative Science,?17(32), 41-52.
  17. R?os, L. S. F. (2008). Evoluci?n de la Teor?a Financiera en el Siglo XX.?Ecos de econom?a,?12(27), 1-23.
  18. Rodr?guez V?zquez, V. P., ?vila Espinosa, M., & Torres Gonz?lez, A. (2009). Velocidad de ajuste del precio de las acciones por sector econ?mico en la Bolsa Mexicana de Valores.?Contadur?a y administraci?n, (228), 67-81.
  19. T?llez, J. (2015). Un an?lisis emp?rico de la creaci?n de valor de las empresas que cotizan en la Bolsa Mexicana de Valores.
  20. Willmer Escobar, J. (2015). Metodolog?a para la toma de decisiones de inversi?n en portafolio de acciones utilizando la t?cnica multicriterio AHP.?Contadur?a y administraci?n,?60(2), 346-366.

[A. Yara Landazuri Aguilera and Rodolfo Valenzuela Reynaga. (2018); PERFORMANCE OF THE STOCK SHARES OF FOOD SECTOR COMPANIES AND THEIR IMPACT ON THE PRICE AND QUOTATION INDEX (CPI) OF THE MEXICAN STOCK EXCHANGE. Int. J. of Adv. Res. 6 (Nov). 320-327] (ISSN 2320-5407). www.journalijar.com

Dra. Yara Landazuri Aguilera
Depto. Contaduría y Finanzas Instituto Tecnológico de Sonora

DOI:

Article DOI: 10.21474/IJAR01/8001      
DOI URL: https://dx.doi.org/10.21474/IJAR01/8001

Download Full Paper

Download PDF No. of Downloads: 7 | No. of Views: 53