Arbitrage with ADRs: a sectorial case study for companies in Colombia, Mexico, Brazil and Chile
This research continues the paper “Generalidades de los ADRs: Un estudio de caso sectorial para empresas de Colombia, Mexico, Brasil y Chile” [ADRs generalities: a sectorial case study for companies in Colombia, Mexico, Brazil and Chile]. It is organized in two sections. The first one covers the uni...
- Autores:
-
Fleisman, Daniela
Mora, Andrés Mauricio
- Tipo de recurso:
- Fecha de publicación:
- 2020
- Institución:
- Universidad EAFIT
- Repositorio:
- Repositorio EAFIT
- Idioma:
- spa
- OAI Identifier:
- oai:repository.eafit.edu.co:10784/15495
- Acceso en línea:
- http://hdl.handle.net/10784/15495
- Palabra clave:
- G15
F39
G32
American Depositary Receipts (ADRs)
law of one price
efficient markets
arbitrage
American Depositary Receipts (ADRs)
ley del precio único
mercados eficientes
arbitraje
- Rights
- License
- Copyright (c) 2011 Daniela Fleisman, Andrés Mauricio Mora
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Medellín de: Lat: 06 15 00 N degrees minutes Lat: 6.2500 decimal degrees Long: 075 36 00 W degrees minutes Long: -75.6000 decimal degrees28/10/20112020-01-31T18:34:24Z28/10/20112020-01-31T18:34:24Z2462-81071657-4206http://hdl.handle.net/10784/15495This research continues the paper “Generalidades de los ADRs: Un estudio de caso sectorial para empresas de Colombia, Mexico, Brasil y Chile” [ADRs generalities: a sectorial case study for companies in Colombia, Mexico, Brazil and Chile]. It is organized in two sections. The first one covers the unique price theory and the efficient markets hypothesis. In the second one, arbitrage conditions with ADRs are empirically evaluated. The objective is to prove the existence of price differentials between stocks and ADRs, which would allow investors to obtain a risk free return.a risk free return.El presente artículo es la continuación del artículo “Generalidades de los ADRs: Un estudio de caso sectorial para empresas de Colombia, México, Brasil y Chile” y al igual que este, es un subproducto de la investigación “Arbitraje con ADRs: Un estudio de caso sectorial para empresas de Colombia, México, Brasil y Chile”. El artículo se divide en dos partes, en la primera se trata la teoría sobre la ley del precio único y la hipótesis de los mercados eficientes, y en la segunda parte se abarca el tema de arbitraje con activos financieros desde la práctica, haciendo un ejercicio econométrico de arbitraje con ADRs. El objetivo de esta investigación es comprobar la existencia de diferenciales de precio entre las acciones y sus respectivos ADRs, lo que permitiría a los inversionistas obtener una ganancia libre de riesgo.application/pdfspaUniversidad EAFITEcos de Economía, Vol 15, No 33 (2011)http://publicaciones.eafit.edu.co/index.php/ecos-economia/article/view/437/449http://publicaciones.eafit.edu.co/index.php/ecos-economia/article/view/437/449Copyright (c) 2011 Daniela Fleisman, Andrés Mauricio MoraAcceso abiertohttp://purl.org/coar/access_right/c_abf2instname:Universidad EAFITreponame:Repositorio Institucional Universidad EAFITEcos de Economía, Vol 15, No 33 (2011)G15F39G32American Depositary Receipts (ADRs)law of one priceefficient marketsarbitrageAmerican Depositary Receipts (ADRs)ley del precio únicomercados eficientesarbitrajeArbitrage with ADRs: a sectorial case study for companies in Colombia, Mexico, Brazil and ChileArbitraje con ADRs: un estudio de caso sectorial para empresas de Colombia, México, Brasil y Chilearticleinfo:eu-repo/semantics/articlepublishedVersioninfo:eu-repo/semantics/publishedVersionArtículohttp://purl.org/coar/version/c_970fb48d4fbd8a85http://purl.org/coar/resource_type/c_6501http://purl.org/coar/resource_type/c_2df8fbb1Fleisman, DanielaMora, Andrés MauricioUniversidad EAFITEcos de Economia: A Latin American journal of applied economics1533723Ecos de EconomíaORIGINALdocument - 2020-03-11T105158.440.pdfdocument - 2020-03-11T105158.440.pdfTexto completo PDFapplication/pdf1637834https://repository.eafit.edu.co/bitstreams/b06732c3-6e2e-4314-93a9-4f1049c34cf1/download07b48465367f8c6e11b4781b8fb6a8f2MD51articulo.htmlarticulo.htmlTexto completo HTMLtext/html376https://repository.eafit.edu.co/bitstreams/e21e85a8-354a-44e5-ba3a-876d979368a5/downloadc13aaebd6b29cd9c469f4b2b37db0197MD53THUMBNAILminaitura-ecos_Mesa de trabajo 1.jpgminaitura-ecos_Mesa de trabajo 1.jpgimage/jpeg251248https://repository.eafit.edu.co/bitstreams/9561c24e-e407-4aea-9247-195162dc5cf3/download9b15d674b076c1793a0bc25cebb1bcefMD5210784/15495oai:repository.eafit.edu.co:10784/154952020-03-18 12:59:58.89open.accesshttps://repository.eafit.edu.coRepositorio Institucional Universidad EAFITrepositorio@eafit.edu.co |
| dc.title.eng.fl_str_mv |
Arbitrage with ADRs: a sectorial case study for companies in Colombia, Mexico, Brazil and Chile |
| dc.title.spa.fl_str_mv |
Arbitraje con ADRs: un estudio de caso sectorial para empresas de Colombia, México, Brasil y Chile |
| title |
Arbitrage with ADRs: a sectorial case study for companies in Colombia, Mexico, Brazil and Chile |
| spellingShingle |
Arbitrage with ADRs: a sectorial case study for companies in Colombia, Mexico, Brazil and Chile G15 F39 G32 American Depositary Receipts (ADRs) law of one price efficient markets arbitrage American Depositary Receipts (ADRs) ley del precio único mercados eficientes arbitraje |
| title_short |
Arbitrage with ADRs: a sectorial case study for companies in Colombia, Mexico, Brazil and Chile |
| title_full |
Arbitrage with ADRs: a sectorial case study for companies in Colombia, Mexico, Brazil and Chile |
| title_fullStr |
Arbitrage with ADRs: a sectorial case study for companies in Colombia, Mexico, Brazil and Chile |
| title_full_unstemmed |
Arbitrage with ADRs: a sectorial case study for companies in Colombia, Mexico, Brazil and Chile |
| title_sort |
Arbitrage with ADRs: a sectorial case study for companies in Colombia, Mexico, Brazil and Chile |
| dc.creator.fl_str_mv |
Fleisman, Daniela Mora, Andrés Mauricio |
| dc.contributor.author.spa.fl_str_mv |
Fleisman, Daniela Mora, Andrés Mauricio |
| dc.contributor.affiliation.spa.fl_str_mv |
Universidad EAFIT |
| dc.subject.none.fl_str_mv |
G15 F39 G32 |
| topic |
G15 F39 G32 American Depositary Receipts (ADRs) law of one price efficient markets arbitrage American Depositary Receipts (ADRs) ley del precio único mercados eficientes arbitraje |
| dc.subject.keyword.eng.fl_str_mv |
American Depositary Receipts (ADRs) law of one price efficient markets arbitrage |
| dc.subject.keyword.spa.fl_str_mv |
American Depositary Receipts (ADRs) ley del precio único mercados eficientes arbitraje |
| description |
This research continues the paper “Generalidades de los ADRs: Un estudio de caso sectorial para empresas de Colombia, Mexico, Brasil y Chile” [ADRs generalities: a sectorial case study for companies in Colombia, Mexico, Brazil and Chile]. It is organized in two sections. The first one covers the unique price theory and the efficient markets hypothesis. In the second one, arbitrage conditions with ADRs are empirically evaluated. The objective is to prove the existence of price differentials between stocks and ADRs, which would allow investors to obtain a risk free return.a risk free return. |
| publishDate |
2020 |
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2020-01-31T18:34:24Z |
| dc.date.accessioned.none.fl_str_mv |
2020-01-31T18:34:24Z |
| dc.date.issued.none.fl_str_mv |
28/10/2011 |
| dc.date.none.fl_str_mv |
28/10/2011 |
| dc.type.eng.fl_str_mv |
article info:eu-repo/semantics/article publishedVersion info:eu-repo/semantics/publishedVersion |
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http://purl.org/coar/version/c_970fb48d4fbd8a85 |
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http://purl.org/coar/resource_type/c_6501 http://purl.org/coar/resource_type/c_2df8fbb1 |
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Artículo |
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publishedVersion |
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http://hdl.handle.net/10784/15495 |
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2462-8107 1657-4206 |
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spa |
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spa |
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Ecos de Economía, Vol 15, No 33 (2011) |
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http://publicaciones.eafit.edu.co/index.php/ecos-economia/article/view/437/449 |
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http://publicaciones.eafit.edu.co/index.php/ecos-economia/article/view/437/449 |
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Copyright (c) 2011 Daniela Fleisman, Andrés Mauricio Mora |
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http://purl.org/coar/access_right/c_abf2 |
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Acceso abierto |
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Copyright (c) 2011 Daniela Fleisman, Andrés Mauricio Mora Acceso abierto http://purl.org/coar/access_right/c_abf2 |
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application/pdf |
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Medellín de: Lat: 06 15 00 N degrees minutes Lat: 6.2500 decimal degrees Long: 075 36 00 W degrees minutes Long: -75.6000 decimal degrees |
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Universidad EAFIT |
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