Pub Date : 2021-09-20DOI: 10.21919/REMEF.V17I1.706
Diego Emilio Linthon Delgado, Lizethe Berenice Méndez-Heras
Objetivo: Estimar los componentes que determinan la brecha salarial de género en el mercado laboral de los empleados de públicos y privados del Ecuador. Metodología: Se utilizó el método de descomposición Blinder-Oaxaca (1973) con corrección por sesgo de selección sobre los datos de la Encuesta Nacional de Empleo, Desempleo y Subempleo (ENEMDU) de septiembre de 2020. Resultados: La brecha salarial de género es de 35.6 puntos porcentuales. Las dotaciones de las mujeres (escolaridad y experiencia laboral) contribuyen a reducir la brecha mientras que los factores no observados (discriminación) la incrementan. Recomendaciones: La política pública debe orientarse hacia combatir la discriminación para reducir la desigualdad de género. Limitaciones e implicaciones: Se sugiere que más investigaciones se dediquen a estudiar los factores determinantes de la discriminación de género. Originalidad: Este trabajo aporta evidencia sobre la desigualdad salarial de género basada en un método de descomposición con corrección de selección. Conclusiones: La discriminación hacia las mujeres es la principal causa de la desigualdad salarial de género en el mercado laboral del Ecuador.
{"title":"Descomposición de la brecha salarial de género en el Ecuador","authors":"Diego Emilio Linthon Delgado, Lizethe Berenice Méndez-Heras","doi":"10.21919/REMEF.V17I1.706","DOIUrl":"https://doi.org/10.21919/REMEF.V17I1.706","url":null,"abstract":"Objetivo: Estimar los componentes que determinan la brecha salarial de género en el mercado laboral de los empleados de públicos y privados del Ecuador. Metodología: Se utilizó el método de descomposición Blinder-Oaxaca (1973) con corrección por sesgo de selección sobre los datos de la Encuesta Nacional de Empleo, Desempleo y Subempleo (ENEMDU) de septiembre de 2020. Resultados: La brecha salarial de género es de 35.6 puntos porcentuales. Las dotaciones de las mujeres (escolaridad y experiencia laboral) contribuyen a reducir la brecha mientras que los factores no observados (discriminación) la incrementan. Recomendaciones: La política pública debe orientarse hacia combatir la discriminación para reducir la desigualdad de género. Limitaciones e implicaciones: Se sugiere que más investigaciones se dediquen a estudiar los factores determinantes de la discriminación de género. Originalidad: Este trabajo aporta evidencia sobre la desigualdad salarial de género basada en un método de descomposición con corrección de selección. Conclusiones: La discriminación hacia las mujeres es la principal causa de la desigualdad salarial de género en el mercado laboral del Ecuador.","PeriodicalId":237806,"journal":{"name":"Revista Mexicana de Economía y Finanzas","volume":"99 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-09-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131443547","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-09-20DOI: 10.21919/REMEF.V17I1.500
G. Milanesi
Las inversiones en biotecnologías para el desarrollo de vacunas se caracterizan por ser un proceso de etapas secuenciales, desde su desarrollo hasta el lanzamiento comercial, con múltiples fuentes de incertidumbre, destacándose el riesgo tecnológico y de mercado. Estas características hacen que modelos como los árboles de decisión y opciones reales binomiales, no sean apropiados. El trabajo desarrolla un modelo numérico de valoración para este tipo de inversiones, con distribución de probabilidad cuatrinomial, caracterizando los riesgos tecnológicos y de mercado, opciones secuenciales y volatilidad cambiante. Es usado el método de análisis de casos con un proyecto de inversión de opciones secuenciales de desarrollo de un fármaco y posterior lanzamiento al mercado. El proyecto es valuado con el modelo propuesto y comparado su resultado con las clásicas alternativas. Los resultados obtenidos exponen la superior capacidad del modelo para valorar opciones secuenciales con múltiples fuentes de incertidumbre y volatilidad cambiante. Este es una herramienta de valuación es sencillo y versátil, sin la complejidad y refinamiento de otras propuestas analíticas.
{"title":"Opciones reales secuenciales cuadrinomiales y volatilidad cambiante: incertidumbres tecnológicas","authors":"G. Milanesi","doi":"10.21919/REMEF.V17I1.500","DOIUrl":"https://doi.org/10.21919/REMEF.V17I1.500","url":null,"abstract":"Las inversiones en biotecnologías para el desarrollo de vacunas se caracterizan por ser un proceso de etapas secuenciales, desde su desarrollo hasta el lanzamiento comercial, con múltiples fuentes de incertidumbre, destacándose el riesgo tecnológico y de mercado. Estas características hacen que modelos como los árboles de decisión y opciones reales binomiales, no sean apropiados. El trabajo desarrolla un modelo numérico de valoración para este tipo de inversiones, con distribución de probabilidad cuatrinomial, caracterizando los riesgos tecnológicos y de mercado, opciones secuenciales y volatilidad cambiante. Es usado el método de análisis de casos con un proyecto de inversión de opciones secuenciales de desarrollo de un fármaco y posterior lanzamiento al mercado. El proyecto es valuado con el modelo propuesto y comparado su resultado con las clásicas alternativas. Los resultados obtenidos exponen la superior capacidad del modelo para valorar opciones secuenciales con múltiples fuentes de incertidumbre y volatilidad cambiante. Este es una herramienta de valuación es sencillo y versátil, sin la complejidad y refinamiento de otras propuestas analíticas.","PeriodicalId":237806,"journal":{"name":"Revista Mexicana de Economía y Finanzas","volume":"41 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-09-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121025786","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"TOPICS IN BANKING AND FINANCIAL INSTITUTIONS","authors":"","doi":"10.21919/remef.v16i0","DOIUrl":"https://doi.org/10.21919/remef.v16i0","url":null,"abstract":"","PeriodicalId":237806,"journal":{"name":"Revista Mexicana de Economía y Finanzas","volume":"55 2 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-09-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129449618","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-09-14DOI: 10.21919/remef.v16i0.705
Christian Bucio Pacheco, Luis Villanueva, Raúl de Jesús Gutiérrez
The objective of this work is to estimate the patterns of dependence between the yields of the stock prices of the main banks of the United States (US) and Mexico. We estimate the patterns of absolute dependence and tail dependence through copulas of the Archimedean family and the use of rolling windows of 245 days. The data employed come from the daily share prices at closing from January 2, 2015, to December 31, 2020, for seven banks. Our results show that: i) there are patterns of high dependence among the main banks in the US, ii) there are patterns of very low dependence among the main banks in the US and Mexico, and iii) there are patterns of low dependence among the main banks in Mexico. These results have several implications, among them that the high-dependency patterns obtained among major US banks limit the joint selection of these US bank equity assets in an investment portfolio. Although this paper focuses on a small sample of banks, they represent an important portion of the banking sector in both countries. Given the limited literature on this subject in Mexico, our paper contributes to expanding this literature with a novel approach.
{"title":"Dependence in the Banking Sector of the United States and Mexico: A Copula Approach","authors":"Christian Bucio Pacheco, Luis Villanueva, Raúl de Jesús Gutiérrez","doi":"10.21919/remef.v16i0.705","DOIUrl":"https://doi.org/10.21919/remef.v16i0.705","url":null,"abstract":"The objective of this work is to estimate the patterns of dependence between the yields of the stock prices of the main banks of the United States (US) and Mexico. We estimate the patterns of absolute dependence and tail dependence through copulas of the Archimedean family and the use of rolling windows of 245 days. The data employed come from the daily share prices at closing from January 2, 2015, to December 31, 2020, for seven banks. Our results show that: i) there are patterns of high dependence among the main banks in the US, ii) there are patterns of very low dependence among the main banks in the US and Mexico, and iii) there are patterns of low dependence among the main banks in Mexico. These results have several implications, among them that the high-dependency patterns obtained among major US banks limit the joint selection of these US bank equity assets in an investment portfolio. Although this paper focuses on a small sample of banks, they represent an important portion of the banking sector in both countries. Given the limited literature on this subject in Mexico, our paper contributes to expanding this literature with a novel approach.","PeriodicalId":237806,"journal":{"name":"Revista Mexicana de Economía y Finanzas","volume":"51 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-09-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128019427","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-09-14DOI: 10.21919/remef.v16i0.704
G. Benavides
The objective of this research work is to show the relevance of asymmetries in estimating volatility. The methodology consists in the application of ARCH-type models and implied volatilities of options (IV) to estimate Value-at-Risk (VaR). These for a portfolio of stock index futures for various time horizons. The empirical analysis is carried out for the futures contracts for the Standard and Poors 500 and Mexican Stock Exchange Indices. According to the results, the IV model is superior in terms of precision compared to the ARCH-type models. It is recommended to use the relevant statistical gains when asymmetries are included with respect to when asymmetries are not used. The referred gains range from 4 to 150 basis points of minimum capital risk requirements. The originality of the present work consists of showing the importance of considering the asymmetric effects with IV and ARCH-type models in volatility forecasts within risk management analysis. It is concluded that the methodology means gains in monetary terms.
{"title":"Asymmetric Volatility Relevance in Risk Management: An Empirical Analysis using Stock Index Futures","authors":"G. Benavides","doi":"10.21919/remef.v16i0.704","DOIUrl":"https://doi.org/10.21919/remef.v16i0.704","url":null,"abstract":"The objective of this research work is to show the relevance of asymmetries in estimating volatility. The methodology consists in the application of ARCH-type models and implied volatilities of options (IV) to estimate Value-at-Risk (VaR). These for a portfolio of stock index futures for various time horizons. The empirical analysis is carried out for the futures contracts for the Standard and Poors 500 and Mexican Stock Exchange Indices. According to the results, the IV model is superior in terms of precision compared to the ARCH-type models. It is recommended to use the relevant statistical gains when asymmetries are included with respect to when asymmetries are not used. The referred gains range from 4 to 150 basis points of minimum capital risk requirements. The originality of the present work consists of showing the importance of considering the asymmetric effects with IV and ARCH-type models in volatility forecasts within risk management analysis. It is concluded that the methodology means gains in monetary terms.","PeriodicalId":237806,"journal":{"name":"Revista Mexicana de Economía y Finanzas","volume":"145 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-09-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127508076","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-09-10DOI: 10.21919/REMEF.V17I1.703
Antonio Rojas Canela, J. C. Moreno-Brid
The objective of this article is to improve the most widely used indicator of quality in public investment management (the PIMI). The methodology was to use an alternative algorithm to build a new version of the PIMI and calculate it for sixteen Latin American countries. The result is a New PIMI that appears better than the original one, as it has a positive correlation with an objective indicator of the efficiency of public investment, which is not achieved by the original PIMI. We recommend the use of the New PIMI, proposed here, as a control variable in studies on aggregated public investment and its impacts on economic growth and social welfare. One limitation of the New PIMI is that it reflects the quality of public investment management at the aggregate level and based on de jure criteria, thus not capturing key differences that occur at a more disaggregated or informal level. Even so, the relevance, originality and replicability of the New PIMI make it a significant contribution to knowledge in this field.
{"title":"A New Index for Public Investment Management","authors":"Antonio Rojas Canela, J. C. Moreno-Brid","doi":"10.21919/REMEF.V17I1.703","DOIUrl":"https://doi.org/10.21919/REMEF.V17I1.703","url":null,"abstract":"The objective of this article is to improve the most widely used indicator of quality in public investment management (the PIMI). The methodology was to use an alternative algorithm to build a new version of the PIMI and calculate it for sixteen Latin American countries. The result is a New PIMI that appears better than the original one, as it has a positive correlation with an objective indicator of the efficiency of public investment, which is not achieved by the original PIMI. We recommend the use of the New PIMI, proposed here, as a control variable in studies on aggregated public investment and its impacts on economic growth and social welfare.\u0000One limitation of the New PIMI is that it reflects the quality of public investment management at the aggregate level and based on de jure criteria, thus not capturing key differences that occur at a more disaggregated or informal level. Even so, the relevance, originality and replicability of the New PIMI make it a significant contribution to knowledge in this field.","PeriodicalId":237806,"journal":{"name":"Revista Mexicana de Economía y Finanzas","volume":"130 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-09-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127383665","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-09-09DOI: 10.21919/remef.v16i0.702
Jorge Pallarés Sanchidrián, Javier Pérez García, J. A. Gonzalo-Angulo
In the absence of amortization of goodwill, the purpose of this study is to identify whether the impairment test was applied uniformly between 2005 and 2015 at the 45 biggest banks in Europe, during the first decade of IFRS application. Likewise, an attempt has been made to verify whether such application has been insufficient and late. Through a significant sample, statistical tools already widely used in other studies have been applied to contrast the behavior of entities. The results obtained show that impairment policies have been applied unevenly in each of the countries. These conclusions could support the return to a valuation pattern that takes into account the systematic amortization of goodwill, apart from its impairment. This paper reveals how impairment in European banks has been recognized during a crucial period of time that includes a major financial crisis. The study suggests a discretionary and opportunistic implementation of accounting regulations which does not reveal the economic conditions inherent to the financial activity of the leading European banks, making comparability difficult and, ultimately, making the financial information less relevant.
{"title":"Discretion in the application of the goodwill impairment test in European banks","authors":"Jorge Pallarés Sanchidrián, Javier Pérez García, J. A. Gonzalo-Angulo","doi":"10.21919/remef.v16i0.702","DOIUrl":"https://doi.org/10.21919/remef.v16i0.702","url":null,"abstract":"In the absence of amortization of goodwill, the purpose of this study is to identify whether the impairment test was applied uniformly between 2005 and 2015 at the 45 biggest banks in Europe, during the first decade of IFRS application. Likewise, an attempt has been made to verify whether such application has been insufficient and late. Through a significant sample, statistical tools already widely used in other studies have been applied to contrast the behavior of entities. The results obtained show that impairment policies have been applied unevenly in each of the countries. These conclusions could support the return to a valuation pattern that takes into account the systematic amortization of goodwill, apart from its impairment. This paper reveals how impairment in European banks has been recognized during a crucial period of time that includes a major financial crisis. The study suggests a discretionary and opportunistic implementation of accounting regulations which does not reveal the economic conditions inherent to the financial activity of the leading European banks, making comparability difficult and, ultimately, making the financial information less relevant.","PeriodicalId":237806,"journal":{"name":"Revista Mexicana de Economía y Finanzas","volume":"9 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-09-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125549136","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-09-08DOI: 10.21919/remef.v16i0.657
L. R. Rodríguez-Reyes, A. Samaniego, Mireya Pasillas
Objective: This research studies individual investment strategies that can be employed by Mexican workers to choose a retirement savings company, to provide evidence that can guide workers and governments in their pursuit for a higher replacement rate. Methods: To accomplish such task, more than 200,000 individual decisions in rolling-windows are simulated, based on more than twenty-years of market prices on retirement funds in Mexico (1997-2018). Outcome: Results indicate that contrarian-based strategies dominate momentum-based strategies in three out of four categories of funds. Recommendations: Moreover, in two out of four categories of funds the highest return is reached by the system’s average, calling for the introduction of an ETF-type of product to the Mexican financial market. Originality: The novelty of this research resides in the perspective of the analysis, positioning the Mexican worker in the role of an investor making a financial choice. Conclusions: The maximum average return is the best way to select a retirement fund manager when there is a guaranteed minimum pension, which acts as a risk-hedge, as it is in the Mexican case.
{"title":"Strategies in Retirement Fund Selection in the Mexican Retirement Market 1997-2018","authors":"L. R. Rodríguez-Reyes, A. Samaniego, Mireya Pasillas","doi":"10.21919/remef.v16i0.657","DOIUrl":"https://doi.org/10.21919/remef.v16i0.657","url":null,"abstract":"Objective: This research studies individual investment strategies that can be employed by Mexican workers to choose a retirement savings company, to provide evidence that can guide workers and governments in their pursuit for a higher replacement rate. Methods: To accomplish such task, more than 200,000 individual decisions in rolling-windows are simulated, based on more than twenty-years of market prices on retirement funds in Mexico (1997-2018). Outcome: Results indicate that contrarian-based strategies dominate momentum-based strategies in three out of four categories of funds. Recommendations: Moreover, in two out of four categories of funds the highest return is reached by the system’s average, calling for the introduction of an ETF-type of product to the Mexican financial market. Originality: The novelty of this research resides in the perspective of the analysis, positioning the Mexican worker in the role of an investor making a financial choice. Conclusions: The maximum average return is the best way to select a retirement fund manager when there is a guaranteed minimum pension, which acts as a risk-hedge, as it is in the Mexican case.","PeriodicalId":237806,"journal":{"name":"Revista Mexicana de Economía y Finanzas","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-09-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130431142","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-09-06DOI: 10.21919/remef.v16i0.699
Lizethe Berenice Méndez-Heras, F. Venegas-Martínez, Diego Emilio Linthon-Delgado
Objetivo: Esta investigación mide el grado de competencia de los bancos que dominan el mercado del crédito en México en 2004-2016. Para ello se utiliza el enfoque no-estructural de las medidas de competencia con base en la teoría de la Nueva Organización Industrial Empírica (NOIE). Metodología: Se estima un modelo de ecuaciones simultáneas con Mínimos Cuadrados Generalizados en 2 Etapas (MCG2E) en datos panel para obtener el estadístico de variación conjetural, el cual mide el grado de coordinación entre los bancos. Resultados: La evidencia empírica obtenida sugiere que los bancos dominantes tienen un comportamiento oligopólico de Cournot en 2004-2016. Implicaciones: Contrario a lo que se esperaba, la investigación también sugiere que el aumento de las comisiones bancarias ha tenido un efecto positivo en la demanda del crédito. Originalidad: Hasta donde los autores saben no se ha realizado un estudio sobre la competencia en el mercado de crédito entre los bancos dominantes en México con base en la NOIE. Recomendaciones: Debido a lo anterior, se proponen en las conclusiones varias recomendaciones en materia de regulación prudencial para que se promueva una mayor competencia. Conclusiones: En el sector crediticio, los bancos en México tienen un elevado poder de mercado con altos márgenes financieros en un oligopolio de Cournot.
{"title":"Competencia en el mercado de crédito entre los bancos dominantes en México","authors":"Lizethe Berenice Méndez-Heras, F. Venegas-Martínez, Diego Emilio Linthon-Delgado","doi":"10.21919/remef.v16i0.699","DOIUrl":"https://doi.org/10.21919/remef.v16i0.699","url":null,"abstract":"Objetivo: Esta investigación mide el grado de competencia de los bancos que dominan el mercado del crédito en México en 2004-2016. Para ello se utiliza el enfoque no-estructural de las medidas de competencia con base en la teoría de la Nueva Organización Industrial Empírica (NOIE). Metodología: Se estima un modelo de ecuaciones simultáneas con Mínimos Cuadrados Generalizados en 2 Etapas (MCG2E) en datos panel para obtener el estadístico de variación conjetural, el cual mide el grado de coordinación entre los bancos. Resultados: La evidencia empírica obtenida sugiere que los bancos dominantes tienen un comportamiento oligopólico de Cournot en 2004-2016. Implicaciones: Contrario a lo que se esperaba, la investigación también sugiere que el aumento de las comisiones bancarias ha tenido un efecto positivo en la demanda del crédito. Originalidad: Hasta donde los autores saben no se ha realizado un estudio sobre la competencia en el mercado de crédito entre los bancos dominantes en México con base en la NOIE. Recomendaciones: Debido a lo anterior, se proponen en las conclusiones varias recomendaciones en materia de regulación prudencial para que se promueva una mayor competencia. Conclusiones: En el sector crediticio, los bancos en México tienen un elevado poder de mercado con altos márgenes financieros en un oligopolio de Cournot.","PeriodicalId":237806,"journal":{"name":"Revista Mexicana de Economía y Finanzas","volume":"31 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-09-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131577033","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-08-31DOI: 10.21919/remef.v16i0.590
Luz del Carmen Díaz-Peña
This study analyzes the key success variables in a fintech´s business model. The data was obtained by a questionnaire applied to fifteen Mexican fintech’s. Preliminary results show that the key success variables, according to a significant correlation with the firm´s growth, are: an efficient use of infrastructure, customer-oriented services, competitive wages and security of information; the more common type of fintech operation is the “payments and mobile money services” followed by “crowdfunding” and “investments”. In Mexico, there is not a formal source that makes easier the knowledge of the industry, so the originality of the study lies on the contribution to a better introductory understanding of how fintech´s operate, including other dimensions like the social and environmental ones which had not been considering before. Its limitation is the number of questioned firms, but future complementary studies could be done. It can be concluded that the technological dimension is the most relevant for the industry.
{"title":"FinTech’s business model in Mexico, a preliminary analysis","authors":"Luz del Carmen Díaz-Peña","doi":"10.21919/remef.v16i0.590","DOIUrl":"https://doi.org/10.21919/remef.v16i0.590","url":null,"abstract":"This study analyzes the key success variables in a fintech´s business model. The data was obtained by a questionnaire applied to fifteen Mexican fintech’s. Preliminary results show that the key success variables, according to a significant correlation with the firm´s growth, are: an efficient use of infrastructure, customer-oriented services, competitive wages and security of information; the more common type of fintech operation is the “payments and mobile money services” followed by “crowdfunding” and “investments”. In Mexico, there is not a formal source that makes easier the knowledge of the industry, so the originality of the study lies on the contribution to a better introductory understanding of how fintech´s operate, including other dimensions like the social and environmental ones which had not been considering before. Its limitation is the number of questioned firms, but future complementary studies could be done. It can be concluded that the technological dimension is the most relevant for the industry.","PeriodicalId":237806,"journal":{"name":"Revista Mexicana de Economía y Finanzas","volume":"30 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-08-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115739624","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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