tag:blogger.com,1999:blog-56236334680982503842024-02-11T15:44:50.175-08:00Mercado de ValoresLic. Malvina Rojas Artetahttp://www.blogger.com/profile/17538580823005001777noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-5623633468098250384.post-79497811849039368042012-03-22T11:53:00.002-07:002012-03-22T12:08:33.091-07:00Que significa ser SAECA?<!--[if gte mso 9]><xml> <o:officedocumentsettings> <o:relyonvml/> <o:allowpng/> </o:OfficeDocumentSettings> </xml><![endif]--><!--[if gte mso 9]><xml> <w:worddocument> <w:view>Normal</w:View> <w:zoom>0</w:Zoom> <w:trackmoves/> <w:trackformatting/> <w:hyphenationzone>21</w:HyphenationZone> <w:punctuationkerning/> <w:validateagainstschemas/> <w:saveifxmlinvalid>false</w:SaveIfXMLInvalid> <w:ignoremixedcontent>false</w:IgnoreMixedContent> <w:alwaysshowplaceholdertext>false</w:AlwaysShowPlaceholderText> <w:donotpromoteqf/> <w:lidthemeother>ES</w:LidThemeOther> <w:lidthemeasian>X-NONE</w:LidThemeAsian> <w:lidthemecomplexscript>X-NONE</w:LidThemeComplexScript> <w:compatibility> <w:breakwrappedtables/> <w:snaptogridincell/> 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<w:lsdexception locked="false" priority="33" semihidden="false" unhidewhenused="false" qformat="true" name="Book Title"> <w:lsdexception locked="false" priority="37" name="Bibliography"> <w:lsdexception locked="false" priority="39" qformat="true" name="TOC Heading"> </w:LatentStyles> </xml><![endif]--><!--[if gte mso 10]> <style> /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Tabla normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin-top:0in; mso-para-margin-right:0in; mso-para-margin-bottom:10.0pt; mso-para-margin-left:0in; line-height:115%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:"Calibri","sans-serif"; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-fareast-font-family:"Times New Roman"; mso-fareast-theme-font:minor-fareast; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;} </style> <![endif]--> <p class="MsoNormal" style="line-height: normal; font-family: times new roman;"><span style="font-size: 12pt;">Primero que todo, las siglas Sociedad Emisora de Capital Abierto o SAECA, es aquella sociedad que abre su capital a la posibilidad de optar en algún momento la captación de nuevos socios accionistas. </span></p> <p class="MsoNormal" style="line-height: normal; font-family: times new roman;"><span style="font-size: 12pt;">Muchas empresas se encuentran en condiciones ideales de salir a cotizar en Bolsa. En la actualidad, algunas de ellas ya presentaron la documentación necesaria y están esperando el momento justo para formalizar la apertura al mercado.</span></p> <p class="MsoNormal" style="line-height: normal; font-family: times new roman;"><span style="font-size: 12pt;">Por qué cotizar en Bolsa?</span></p> <p class="MsoNormal" style="line-height: normal; font-family: times new roman;"><span style="font-size: 12pt;">La búsqueda de financiamiento a las empresas es uno de los más importantes temas que se discute en casi cualquier reunión ejecutiva de casi todas las empresas del mundo. <span style="mso-spacerun:yes"> </span>Los motivos caen por su peso: muchas se encuentran a poco de alcanzar el techo de su capacidad instalada y desean crecer. Por tanto deberán ampliar sus horizontes y buscar mejores ofertas que colaboren en ampliarse a través de nuevos proyectos de inversión y su optimización financiera general.</span></p> <p class="MsoNormal" style="line-height: normal; font-family: times new roman;"><span style="font-size: 12pt;">Por una parte, algunas firmas continúan autofinanciando sus operaciones y prescindiendo de recursos clásicos como el sistema financiero. Para otros, contar con líneas de crédito bancarias que colaboren con las reestructuraciones necesarias y potencien sus proyectos representa la diferencia entre el estancarse o sobresalir. La diferencia radica en las condiciones que son adoptadas. Allí es donde el mercado entra a tallar como una opción alternativa ideal. </span></p> <p class="MsoNormal" style="line-height: normal; font-family: times new roman;"><span style="font-size: 12pt;">Por otra parte, para quien aun no ha tomado cuenta de ello, a nivel internacional existe una gran diferencia entre una empresa que cotiza en Bolsa y otra que no.</span></p> <p style="font-family: times new roman;">Ser considerado parte de las empresas cotizantes, ya sea por emitir bonos, acciones u otros instrumentos,<span style="mso-spacerun:yes"> </span>es pasar a ser una empresa transparente, y con ello ganarse un valor agregado de prestigio, confianza y solvencia, ante sus clientes internos (accionistas y funcionarios) y mucho más para lo que hace a los clientes externos (proveedores, clientes, empresas y empresarios, potenciales socios comerciales).</p> <p class="MsoNormal" style="line-height: normal; font-family: times new roman;"><span style="font-size: 12pt;">Porqué aún el mercado de valores paraguayo no ha alcanzado su óptimo desarrollo?</span></p> <p class="MsoNormal" style="line-height: normal; font-family: times new roman;"><span style="font-size: 12pt;">Por si bien hay interés por financiarse en el mercado, la barrera todavía pasa por la falta de cultura sobre esta herramienta, aunque resalta la tarea que se viene llevando a cabo con respecto a la difusión de estos temas ha crecido en los últimos años. Otra de las cuestiones pasa por la informalidad en la que muchas de las empresas están sumergidas, lo que lleva a no querer “Blanquearse”. También está el pensamiento de que ingresando al mercado se pierde cierto control sobre la empresa.</span></p> <p class="MsoNormal" style="line-height: normal; font-family: times new roman;"><span style="font-size: 12pt;">Para ir a la Bolsa depende mucho de nosotros mismos, de nuestra voluntad y decisión de los directivos de las empresas</span><span style="font-size: 12pt;">, en el mercado bursátil encontrarán numerosas ventajas que pueden aprovechar; la mención“ SAECA” dará <span style="mso-spacerun:yes"> </span>a la empresa con reconocimiento en el mercado y cualquiera que lo vea en nuestra Web sabrán de antemano que están tratando con una empresa confiable que brinda seguridad y garantía.</span></p> <p class="MsoNormal" style="line-height: normal; font-family: times new roman;"><b style="mso-bidi-font-weight:normal"><span style="font-size: 12pt;">Para terminar</span></b></p> <p class="MsoNormal" style="line-height: normal; font-family: times new roman;"><span style="font-size: 12pt;">Financieramente hablando cotizar significa obtener liquidez</span><span style="font-size: 12pt;">, financiar el crecimiento de la empresa a través de terceros, crear valor para la compañía, acceder a la comunidad inversora con múltiples personas individuales y empresas que pueden agregar dinero fresco a nuestros proyectos y generar posibilidades de mejoras en infraestructura y tecnología.</span></p><p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto; line-height:normal"><span style="font-size:12.0pt;font-family:"Times New Roman","serif";mso-fareast-font-family: "Times New Roman";mso-fareast-language:ES">Preguntas??<br /></span></p>Lic. 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mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin-top:0in; mso-para-margin-right:0in; mso-para-margin-bottom:10.0pt; mso-para-margin-left:0in; line-height:115%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:"Calibri","sans-serif"; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-fareast-font-family:"Times New Roman"; mso-fareast-theme-font:minor-fareast; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;} </style> <![endif]--> <p>Los Rockefeller constituyeron la primera oficina familiar en el siglo XIX, con el objetivo de separar la riqueza amasada por sus negocios. Estas oficinas se encuentran encargadas de administrar y gestionar el patrimonio de los accionistas durante incluso varias generaciones.<span style="mso-spacerun:yes"> </span><span style="mso-spacerun:yes"> </span></p> <p>Paraguay no es una excepción. Se puede notar que más del 80% de las principales empresas del país se hallan conformadas por empresas familiares quienes han pasado exitosamente la sucesión de generaciones y han logrado consolidar esa trayectoria. </p> <p>La empresa familiar generalmente dirigida por su fundador, orgulloso de su empresa y de sus hijos, no se halla exento de conflictos, en base a que no sólo el encontrar el rumbo y proyectarse se vuelve el tema en discusión, sino los sentimientos involucrados y las nuevas visiones y avances que, para la continuidad y competitividad empresarial, serán necesarias de evaluar. </p> <p>Por mucho que la empresa se proyecte a largo plazo, lo más importante es mantener el dinamismo y la actualidad en las alternativas con que cuenta la empresa para este desarrollo. </p> <p>Cuanto más grande se vuelve la empresa, las decisiones se vuelven cada vez más difíciles. Es allí<span style="mso-spacerun:yes"> </span>donde el asesoramiento de entidades independientes puede brindar ideas frescas que aseguren que la dirección de una empresa que va cambiando conforme va aumentando de tamaño observe el trazado del objetivo y se proyecte hacia el futuro.</p><p>Malvina Rojas malvirojas@gmail.com<br /></p><p><!--[if gte mso 9]><xml> <o:officedocumentsettings> <o:relyonvml/> <o:allowpng/> </o:OfficeDocumentSettings> </xml><![endif]--><!--[if gte mso 9]><xml> <w:worddocument> <w:view>Normal</w:View> <w:zoom>0</w:Zoom> <w:trackmoves/> <w:trackformatting/> <w:hyphenationzone>21</w:HyphenationZone> <w:punctuationkerning/> <w:validateagainstschemas/> <w:saveifxmlinvalid>false</w:SaveIfXMLInvalid> <w:ignoremixedcontent>false</w:IgnoreMixedContent> <w:alwaysshowplaceholdertext>false</w:AlwaysShowPlaceholderText> <w:donotpromoteqf/> <w:lidthemeother>ES</w:LidThemeOther> <w:lidthemeasian>X-NONE</w:LidThemeAsian> <w:lidthemecomplexscript>X-NONE</w:LidThemeComplexScript> 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normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin-top:0in; mso-para-margin-right:0in; mso-para-margin-bottom:10.0pt; mso-para-margin-left:0in; line-height:115%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:"Calibri","sans-serif"; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-fareast-font-family:"Times New Roman"; mso-fareast-theme-font:minor-fareast; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;} </style> <![endif]--> </p><p><b style="mso-bidi-font-weight:normal"><span style="font-size:8.0pt">La</span></b><span style="font-size:8.0pt"> <b>familia Rockefeller:</b> es una <a href="http://es.wikipedia.org/wiki/Dinast%C3%ADa" title="Dinastía">dinastía</a> <a href="http://es.wikipedia.org/wiki/Familia" title="Familia">familiar</a> estadounidense, cuyos miembros han tenido un gran desempeño en el mundo empresarial y político de su país. Son considerados como una de las familias más famosas y poderosas de <a href="http://es.wikipedia.org/wiki/Estados_Unidos" title="Estados Unidos">Estados Unidos</a>. (Fuente: http://es.wikipedia.org/wiki/Familia_Rockefeller)</span></p> <p><br /></p>Lic. Malvina Rojas Artetahttp://www.blogger.com/profile/17538580823005001777noreply@blogger.com0tag:blogger.com,1999:blog-5623633468098250384.post-85768296339665057362012-02-10T10:47:00.000-08:002012-02-10T10:50:18.712-08:00Necesito un Asesor financiero?<!--[if gte mso 9]><xml> <w:worddocument> <w:view>Normal</w:View> <w:zoom>0</w:Zoom> <w:trackmoves/> <w:trackformatting/> <w:hyphenationzone>21</w:HyphenationZone> <w:punctuationkerning/> <w:validateagainstschemas/> <w:saveifxmlinvalid>false</w:SaveIfXMLInvalid> <w:ignoremixedcontent>false</w:IgnoreMixedContent> <w:alwaysshowplaceholdertext>false</w:AlwaysShowPlaceholderText> <w:donotpromoteqf/> <w:lidthemeother>ES</w:LidThemeOther> <w:lidthemeasian>X-NONE</w:LidThemeAsian> <w:lidthemecomplexscript>X-NONE</w:LidThemeComplexScript> <w:compatibility> <w:breakwrappedtables/> <w:snaptogridincell/> <w:wraptextwithpunct/> <w:useasianbreakrules/> <w:dontgrowautofit/> <w:splitpgbreakandparamark/> <w:dontvertaligncellwithsp/> 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mso-para-margin-right:0in; mso-para-margin-bottom:10.0pt; mso-para-margin-left:0in; line-height:115%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:"Calibri","sans-serif"; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-fareast-font-family:"Times New Roman"; mso-fareast-theme-font:minor-fareast; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;} </style> <![endif]--> <p class="MsoNormal"><span style="font-family:"Arial","sans-serif";mso-bidi-font-family: "Times New Roman";mso-bidi-theme-font:minor-bidi">Cuando hablamos de finanzas personales, aun sin adentrarnos en los productos de inversión en sí, dedicamos un buen tiempo a definir expectativas, deseos e intereses, y comenzamos a manejar con mayor fluidez elementos tales como ingresos, presupuestos personales, ahorros programados, sistemas de jubilación, manejo de deudas y excedentes, metas y objetivos de corto, mediano, largo plazo, etc. Y desde luego, la inversión acorde a estos 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Roman";mso-bidi-theme-font: minor-bidi">varias</span><span style="font-family:"Arial","sans-serif"; mso-fareast-font-family:Calibri;mso-bidi-font-family:"Times New Roman""> razones para</span><span style="font-family:"Arial","sans-serif";mso-bidi-font-family: "Times New Roman";mso-bidi-theme-font:minor-bidi"> </span><span style="font-family:"Arial","sans-serif";mso-fareast-font-family:Calibri; mso-bidi-font-family:"Times New Roman"">escoger un </span><span style="font-family: "Arial","sans-serif";">asesor financiero.<br /></span></p><p class="MsoNormal"><span style="font-family:"Arial","sans-serif";mso-bidi-font-family:"Times New Roman"; mso-bidi-theme-font:minor-bidi">No podemos descartar que existen grupos de interesados en realizar la investigación propia de las alternativas de inversión y que lo hacen muy bien, pero, tratándose de alguien que se inicia, debería comenzar con la ayuda de personas familiarizadas con análisis económicos complejos como los Asesores, que por regla general, se hallan empapadas de <b style="mso-bidi-font-weight:normal">MUCHA</b> información pertinente, <b style="mso-bidi-font-weight:normal">DIARIAMENTE</b>. </span></p> <p class="MsoNormal"><span style="font-family:"Arial","sans-serif";mso-bidi-font-family: "Times New Roman";mso-bidi-theme-font:minor-bidi">Por otra parte, el inversor solitario en ocasiones puede en algún momento necesitar de nuevas ideas, frescas y oportunas, y gustará contar con una contraparte que le ayude a obtenerlas.<span style="mso-spacerun:yes"> </span></span></p> <p class="MsoNormal"><span style="font-family: "Arial","sans-serif";">Otra razón importante es que a no todo el mundo le gusta investigar todo el tiempo, debido a que este tiempo también es una mercancía valiosa. El tiempo que uno dedica a la actividad laboral, a la familia, a los hijos o a las actividades personales, debe ser apropiadamente administrado, y en ocasiones incluir actividades en una ya apretada agenda, deviene en el hastío. Recuerde que un asesor financiero es una persona que eligió serlo y que para ello dedica todas las herramientas disponibles, las cuales, están a su servicio.</span></p><p class="MsoNormal"><span style="font-family: "Arial","sans-serif";">Lic. Malvina Rojas Arteta</span></p><p class="MsoNormal"><span style="font-family: "Arial","sans-serif";">malvirojas@gmail.com<br /></span></p><p class="MsoNormal"><br /><span style="font-family:"Arial","sans-serif";mso-bidi-font-family: "Times New Roman";mso-bidi-theme-font:minor-bidi"></span><span style="font-family:"Arial","sans-serif"; mso-fareast-font-family:Calibri;mso-bidi-font-family:"Times New Roman""></span></p>Lic. Malvina Rojas Artetahttp://www.blogger.com/profile/17538580823005001777noreply@blogger.com0tag:blogger.com,1999:blog-5623633468098250384.post-36842415771938327742012-02-08T09:00:00.000-08:002012-02-08T09:02:22.415-08:00A, E, I, O, U en el Mercado de Valores<!--[if gte mso 9]><xml> <w:worddocument> <w:view>Normal</w:View> <w:zoom>0</w:Zoom> <w:trackmoves/> <w:trackformatting/> <w:hyphenationzone>21</w:HyphenationZone> <w:punctuationkerning/> <w:validateagainstschemas/> <w:saveifxmlinvalid>false</w:SaveIfXMLInvalid> <w:ignoremixedcontent>false</w:IgnoreMixedContent> <w:alwaysshowplaceholdertext>false</w:AlwaysShowPlaceholderText> <w:donotpromoteqf/> <w:lidthemeother>ES</w:LidThemeOther> <w:lidthemeasian>X-NONE</w:LidThemeAsian> <w:lidthemecomplexscript>X-NONE</w:LidThemeComplexScript> <w:compatibility> <w:breakwrappedtables/> <w:snaptogridincell/> <w:wraptextwithpunct/> <w:useasianbreakrules/> <w:dontgrowautofit/> <w:splitpgbreakandparamark/> <w:dontvertaligncellwithsp/> 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mso-para-margin-right:0in; mso-para-margin-bottom:10.0pt; mso-para-margin-left:0in; line-height:115%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:"Calibri","sans-serif"; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-fareast-font-family:"Times New Roman"; mso-fareast-theme-font:minor-fareast; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;} </style> <![endif]--> <p class="MsoNormal">El mercado de valores puede parecer un escenario complejo para quienes aún no han experimentado los principios básicos a manejar. Para otros, que ya lo han hecho, es tan sencillo como reconocer<span style="mso-spacerun:yes"> </span>los sujetos intervinientes y tomar la decisión de inversión que más coincida con su interés particular. </p> <p class="MsoNormal"><span class="TtuloCar"><span style="font-size:26.0pt; line-height:115%">Asesor</span></span></p> <p class="MsoNormal">El Asesor de inversiones es la persona que lo ayudará a identificase con un perfil inversionista conservador, perfil moderado o más agresivo, y le proporcionará la asistencia necesaria para que usted encuentre los productos e instrumentos de inversión adecuados para llenar sus expectativas financieras. Recuerde que el Asesor es su aliado y es quien le proporcionará toda la información que usted requiera para realizar el análisis y tomar sus decisiones.</p> <p class="MsoNormal"><span class="TtuloCar"><span style="font-size:26.0pt; line-height:115%">Emisor</span></span></p> <p class="MsoNormal">El Emisor es la Empresa que propone al Mercado de Valores los títulos valores a ser ofertados para su venta. Cada Emisor cuenta con un plan o proyecto y en base a ello realiza su propuesta de tasas y plazos acordes a ese plan, sean estos de corto o largo plazo. Además el emisor está sujeto a los reglamentos del mercado de valores <span style="mso-spacerun:yes"> </span>a presentar trimestralmente sus estados financieros tanto a la CNV, como a la Bolsa, y por ende, está disponible para todo aquel que desee conocer<span style="mso-spacerun:yes"> </span>acerca del comportamiento y situación financiera de esa entidad.</p> <p class="MsoNormal"><span class="TtuloCar"><span style="font-size:26.0pt; line-height:115%">Inversor</span></span></p> <p class="MsoNormal">El Inversor es el sujeto que, luego de ahorrar, decide buscar oportunidades de rentabilidad a su capital. En este sentido buscará en las ofertas disponibles las condiciones más oportunas a sus intereses y conformará un Portafolio adecuado para alcanzar sus metas financieras. El inversor por lo general se identifica en tres tipologías de acuerdo a su Perfil, como ya habíamos mencionado, sea éste Conservador, Moderado o Agresivo.<span style="mso-spacerun:yes"> </span>Un perfil Conservador<span style="mso-spacerun:yes"> </span>denota características de preferencia al resignar rendimientos superiores por condiciones de mayor seguridad, mientras que un perfil Agresivo optará en elegir algún porcentaje de títulos que cuenten con altos rendimientos a los efectos de obtener<span style="mso-spacerun:yes"> </span>mayores beneficios por el capital invertido. Un perfil Moderado, buscará balancear su Portafolio de inversión entre las dos tipologías anteriormente descritas.</p> <p class="MsoNormal"><span style="mso-spacerun:yes"> </span><span class="TtuloCar"><span style="font-size:26.0pt;line-height:115%">Oportunidad</span></span></p> <p class="MsoNormal">La Bolsa de Valores cuenta con numerosas alternativas de inversión que son presentados en dos mercados, Mercado Primario (títulos ofertados directamente desde el emisor) y Mercado Secundario (títulos ofertados entre inversionistas).<span style="mso-spacerun:yes"> </span>Más allá de que las tasas ofertadas en Bolsa resulten atractivas en el Mercado Primario (incluso superiores al del sistema bancario) y financiero, las oportunidades que brinda el contar con un Mercado Secundario en donde uno mismo pueda ofertar nuevamente un titulo previamente adquirido, resulta altamente positivo en cuanto a recuperar el capital en cualquier momento, y por sobre todo, otorgar a otro interesado, condiciones también ideales para aprovechar algún título que no se encuentre disponible en ese momento, pero que sea de su agrado. El dinamismo del Mercado Secundario resulta para muchos inversionistas un elemento a escudriñar, ya que las condiciones de rendimiento suelen mantenerse por encima de la media y los plazos se reducen al plazo remanente de vencimiento del título.</p> <p class="MsoNormal"><span style="mso-spacerun:yes"> </span><span class="TtuloCar"><span style="font-size:26.0pt;line-height:115%">Usted</span></span></p> <p class="MsoNormal">La persona que toma las decisiones de inversión, es Usted. Una buena estrategia de inversión sólo usted la puede diseñar en base a su estilo de vida, capacidad de ahorro, aversión al riesgo, avidez de rendimiento, situación familiar o particular en un momento dado. No obstante, usted no se encuentra sólo. La elección de un Asesor que lo ayude a evaluar las alternativas, y le facilite la información requerida, le será de gran utilidad.<span style="mso-spacerun:yes"> </span></p> <p class="MsoNormal"> </p> <p class="MsoNormal">” Si quieres ser rico no aprendas solamente a saber cómo se gana, sino también cómo se invierte”, Benjamin Franklin.</p> <p class="MsoNormal"> </p> <p class="MsoNormal" style="text-align:right" align="right">Lic. Malvina Rojas Arteta<span style="mso-spacerun:yes"> </span>-</p> <p class="MsoNormal" style="text-align:right" align="right"><span style="mso-spacerun:yes"> </span>malvinarojas@valores.com.py</p>Lic. Malvina Rojas Artetahttp://www.blogger.com/profile/17538580823005001777noreply@blogger.com0tag:blogger.com,1999:blog-5623633468098250384.post-26425238841208191622007-11-01T07:26:00.000-07:002007-11-01T07:30:04.659-07:00Qué es el Mercado de Valores?Este mercado es aquel en el cual se comercializan los títulos valores, conocidos también como valores negociables o activos financieros simplemente.<br /><br />En este mercado se cuenta básicamente con los siguientes componentes:<br />1. <strong>Empresas Emisoras:</strong> son todas aquellas personas jurídicas que emiten títulos valores al mercado para la captación de recursos financieros que le permitan efectuar sus inversiones en activos fijos o en activos circulantes; <br />2. <strong>Inversionistas:</strong> son todas aquellas personas físicas o jurídicas que compran y venden títulos valores con el objeto de obtener mejores rendimientos financieros.<br />3. <strong>Las Casas de Bolsa:</strong> son los intermediarios financieros del Mercado de Valores, son las únicas sociedades autorizadas a operar en el mismo por cuenta, orden y riesgo de sus clientes;<br /><br />Además, las todas las negociaciones se realizan físicamente en La Bolsa de Valores y Productos de Asunción S.A (BVPASA) que es una entidad sin fines de lucro que pone a disposición de los intermediarios su infraestructura organizacional y tecnológica para hacer viables las operaciones de compra venta de valores negociables, que a su vez se halla regulada a través de La Comisión Nacional de Valores (CNV), ente regulador del mercado, relacionado con el Poder Ejecutivo por medio del Ministerio de Industria y Comercio.<br /><br /><strong>¿Qué valores negociables se compran y venden el Mercado de Valores?</strong><br />Las principales negociaciones se realizan sobre los Instrumentos de Renta Fija, los bonos corporativos (Títulos de deuda), los pagarés y los cupones principalmente, y en menor medida, las acciones.Lic. Malvina Rojas Artetahttp://www.blogger.com/profile/17538580823005001777noreply@blogger.com0tag:blogger.com,1999:blog-5623633468098250384.post-62994015531403277352007-11-01T07:01:00.000-07:002012-02-08T09:48:05.813-08:00Influencia de la Bolsa en la Economía Paraguaya<strong>Contribuye al desarrollo del sector empresarial.</strong><br />Uno de los objetivos principales del Mercado de Valores consiste en proveer a las empresas de recursos de capital indispensables para la concreción de sus proyectos de negocio. Esas empresas, sin importar a que sector de la economía pertenezcan, realizan sus proyecciones financieras, planifican sus flujos de capital y acuden a la Bolsa buscando captar estos recursos, en forma de operaciones bursátiles. El volumen de oferta y demanda de instrumentos bursátiles que se concretan, representa una posibilidad real de crecimiento para las empresas, y a su vez el volumen de empresas operantes, promueve el desarrollo del mercado de Valores.<br /><br /><strong>Una alternativa de financiación a mediano y largo plazo</strong><br />El mercado de Valores cuenta con plazos de financiación, casi exclusivamente, pensado para el mediano y largo plazo, con periodos a partir del año hasta 5 años y más.<br /><br /><strong>Permite la reestructuración de pasivos<br /></strong>Es una manera alternativa de transformar deudas u obligaciones de corto plazo con entidades financieras bancarias o no bancarias, por obligaciones a mediano y largo plazo a través de emisiones de bonos e inclusive abrir su capital (como en el caso de las saecas), a fin de realizar una posible inyección de capital.<br /><br /><strong>Redistribución de la riqueza</strong><br />Quien tiene liquidez financia a quien precisa de liquidez. Se propicia una redistribución de la riqueza, debido a que, aquellos que colocan sus excedentes de ingresos, van ganando rentabilidad en función a las tasas de interés; mientras que la empresa depositaria de este excedente, hace “trabajar ese dinero” en la concreción de proyectos, que representarán utilidades o beneficios para la misma. <br /><br /><strong>Es una forma de ahorro</strong><br />En el mercado de valores, el inversionista “congela” por un plazo establecido por el emisor, un capital, con la condición de que éste pague, en el tiempo también establecido, una rentabilidad.<br />El mantenimiento de este capital sin utilizar, en un tiempo dado, representa un ahorro.<br /><br /><strong>Distribuye y desconcentra el poder económico </strong><br />El mercado de valores constituye un medio que promueve una mayor participación de en la propiedad de las empresas , lo que permite afirmar que por su intermedio puede estimularse la desconcentración del poder económico, traduciendose en un factor de revitalización del mercado.<br />Del mismo modo, la existencia de un mercado de valores activo hace posible que las unidades deficitarias de la economía obtengan los recursos necesarios para la adquisición de bienes de capital, sin que tengan que recurrir finalmente al mercado monetario para tal fin, lo cual alienta la desconcentración del poder económico.<br /><br />En efecto, al facilitarse la capitalización de las empresas, estas no se ven constreñidas a rebasar los límites de endeudamiento que indica la lógica y la prudencia.Lic. Malvina Rojas Artetahttp://www.blogger.com/profile/17538580823005001777noreply@blogger.com1