Análisis comparativo de rendimiento para obligaciones negociables a la par con pagos anuales mediante la aplicación de la tir.

Abstract

The best-known investments are the products offered by financial institutions, when there are other alternatives within the stock markets that can present better returns for the capital of bond issuers and investors. The financial culture in Ecuador is limited by the lack of contribution of scientific knowledge that better explains how to invest in negotiable stocks, a latent situation since the stock exchanges were established in Quito and Guayaquil in 1969. The investment options in these brokerage houses can be analyzed from the application of financial indicators that describe the behavior of money over time and contrast with other investment sources, that is, calculating the Net Present Value (NPV) and the Internal Rate Return (IRR). Analyzing the aforementioned situations, it was possible to identify the research problem of how the calculation of the IRR influences the decision to acquire negotiable Shares in the securities markets. In a practical application case, where a share is issued at a value and paid at the same interest under two different situations, the objective was to determine the yield of a bond at par with annual interest by calculating the IRR for the acquisition of a negotiable share. This research is descriptive, collecting theoretical information from scientific journals. It has been concluded that it is feasible to invest in one of the three scenarios.