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

Main Article Content

Jenny Moscoso Escobar


Corporate Finance, Business Risk, Market Risk, Value at Risk, Cash Flow, Montecarlo Simulation, Application Case Firm


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


Download data is not yet available.
Abstract 830 | PDF (Español) Downloads 6945