Examinando por Autor "Conrado Diego Garcia-Gomez"
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Publicación Sólo datos Determinants of Inbound Tourism Revenues in Peru: Evidence from a Crisis Period(2022-04-21) Sarela Enriquez-Perales; Conrado Diego Garcia-Gomez; Edmundo R Lizarzaburu BolanosThe strand of the tourism literature focusing on emerging markets is relatively scarce. However, the increasing importance of tourism activity in emerging economies in the last years is moving the academic attention to countries like Peru, where tourism activity has become an essential part of its recent economic development. Accordingly, this paper analyzes the determinants of tourism demand in Peru, by estimating a single-equation model for the period 2007-2011. Specifically, it is proposed as a tool to analyze and understand the recent evolution of this industry as the basis for growth in the Andean country. The obtained results confirm the positive relationship between the real income of non-resident tourists and tourism demand, while tourism in Peru is not eligible as a luxury good. Additionally, it is shown that there is not a high sensitivity of real income from tourism to inflation differentials. The obtained results provide important implications for policymakers. Namely, it becomes relevant to better understand a country’s tourism demand determinants in order to consolidate its economic contribution in times of economic recession.Publicación Sólo datos Economic-financial evaluation of a cement company: Cementos Pacasmayo(2022-11-29) Edmundo Lizarzaburu Bolanos; Kurt Carrasco Garces; Conrado Diego Garcia-GomezPurpose: The aim of this paper is to address a company valuation procedure by explaining the steps that must be followed from an economic-fi nancial perspective.Design methodology: We employ the study case methodology to fulfi ll all the procedure stages. Specifi cally, we analyze the Peruvian cement company “Cementos Pacasmayo”. A 10-year discounted cash fl ow (DCF) is presented and brought to present value using a discount rate (WACC) composed by the cost of debt and the cost of capital of thecompany.Findings: We can conclude that the evaluation process should always include the country, industry and company.Practical implications: Our study provides useful implications for management. On the one hand, it is important to highlight the subjectivity to predict some parameters or doing assumptions. On the other hand, it is important to understand and know a good procedure to valuate a company as an insider or a potential investor.Originality value: The proposed model consists of the economic studies of the country, sector and company, which allow the appraiser to specify certain parameters or assumptions for the elaboration of a model that approximates the value of the company.
