Financial innovation seeks to reduce risk for investors through the creation of new products. Internationally, innovation processes have resulted in better structured financial instruments. These instruments allow people from other countries to invest in shares of companies in developing markets, such as Mexico. This paper analyzes the performance of the returns granted by the iShares MCSI Mexico, an Exchange-Traded Fund (ETF), whose portfolio is made up of forty-four Mexican stocks. It is compared to the performance of the Mexican market through the IPyC and the exchange rate. Using the EGARCH methodology, the ETF was found to be much riskier than the other two instruments over a three-year period, especially during the period when the Mexican economy was shut down due to the pandemic. [ABSTRACT FROM AUTHOR]
Mazzotti Pabello, Giovanna Maddalena and Magdalena Torres-Castañeda, Aída
Subjects
*SOCIAL responsibility of business, *SMALL business, *COVID-19 pandemic, *QUALITY of work life, *SUSTAINABLE development, *BUSINESS ethics, *INDUSTRIAL safety
Abstract
This paper questions the actions originated from Corporate Social Responsibility, implemented by companies carrying the ESR Badge during the National Day of Healthy Distance by Covid-19 in Mexico. The objective is to contribute to the theoretical discussion and studies developed around CSR based on its analysis in the light of the dominant paradigm and the emerging paradigm, that in a context of maximum crisis allow to evaluate the exercise of the CSR through the actions carried out to manage the relations with the workers. The research was based on qualitative methodology, through an instrumental case study. It is concluded that the exercise of CSR during the National Day of Healthy Distance in the company studied responds to the interest of the organization to generate a positive impact on its workers through social responsibility initiatives. [ABSTRACT FROM AUTHOR]