<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>0186-1042</journal-id>
<journal-title><![CDATA[Contaduría y administración]]></journal-title>
<abbrev-journal-title><![CDATA[Contad. Adm]]></abbrev-journal-title>
<issn>0186-1042</issn>
<publisher>
<publisher-name><![CDATA[Universidad Nacional Autónoma de México, Facultad de Contaduría y Administración]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S0186-10422021000200009</article-id>
<article-id pub-id-type="doi">10.22201/fca.24488410e.2021.2491</article-id>
<title-group>
<article-title xml:lang="es"><![CDATA[Valuación de opciones con ajustes a distribuciones &#945;-estables y contabilidad bajo la norma internacional de información financiera]]></article-title>
<article-title xml:lang="en"><![CDATA[Options pricing with &#945;-stable distributions fits andaccounting under international financial reporting standard]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Climent Hernández]]></surname>
<given-names><![CDATA[José Antonio]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Gómez Pinto]]></surname>
<given-names><![CDATA[Itzel]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Universidad Autónoma Metropolitana  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Mexico</country>
</aff>
<aff id="Af2">
<institution><![CDATA[,Universidad Juárez Autónoma de Tabasco  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Mexico</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>06</month>
<year>2021</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>06</month>
<year>2021</year>
</pub-date>
<volume>66</volume>
<numero>2</numero>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S0186-10422021000200009&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S0186-10422021000200009&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S0186-10422021000200009&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen En este trabajo se pretende analizar los rendimientos del dólar estadounidense, euro, libra esterlina y yen, con el peso mexicano, son estimados los estadísticos descriptivos y los parámetros &#945;-estables, las pruebas de bondad de ajuste justifican estadísticamente la idoneidad de las distribuciones &#945;-estables para modelar el comportamiento de los rendimientos, también son estimados los exponentes de autosimilitud y los índices de memoria, la valuación de las opciones europeas de compra y de venta es realizada con el modelo gaussiano y con el modelo &#945;-estable, y la contabilización es presentada bajo la norma internacional de información financiera concluyendo que las opciones &#945;-estables cuantifican más adecuadamente el riesgo de tipo de cambio que las opciones gaussianas, recomendando realizar un análisis para minimizar las pérdidas potenciales derivadas de las obligaciones económicas adquiridas por la emisión de opciones y que la norma internacional de información financiera alinea los objetivos de gestión de riesgos para reflejar las actividades transmitiendo el objetivo y el efecto de las opciones.]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract This paper pretends to analyze the returns of US dollar, euro, sterling and yen, with the Mexican peso, descriptive statistics and &#945;-stable parameters are estimated, goodness of fit tests statistically justify the suitability of &#945;-stable distributions to model the returns of currencies, the self-similarity exponents and memory indices are also estimated, the European call and put option&#8217;s pricing is done with the Gaussian model and with the &#945;-stable model, and the accounting is presented under international financial reporting standard, concluding that the &#945;-stable model quantify more adequately the exchange rate risk than the Gaussian model, recommending an analysis to minimize the potential losses arising from the economic obligations acquired for issuing options and that international financial reporting standard is aligning the risk management objectives to reflects the risk management activities and transmitting the goal and effect of the options.]]></p></abstract>
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<kwd lng="es"><![CDATA[D81]]></kwd>
<kwd lng="es"><![CDATA[G12]]></kwd>
<kwd lng="es"><![CDATA[G13]]></kwd>
<kwd lng="es"><![CDATA[Procesos estocásticos &#945;-estables]]></kwd>
<kwd lng="es"><![CDATA[Ingeniería financiera]]></kwd>
<kwd lng="es"><![CDATA[Normas internacionales de información financiera]]></kwd>
<kwd lng="en"><![CDATA[C16]]></kwd>
<kwd lng="en"><![CDATA[C46]]></kwd>
<kwd lng="en"><![CDATA[C14]]></kwd>
<kwd lng="en"><![CDATA[D81]]></kwd>
<kwd lng="en"><![CDATA[G12]]></kwd>
<kwd lng="en"><![CDATA[G13]]></kwd>
<kwd lng="en"><![CDATA[Stochastic processes &#945;-stables]]></kwd>
<kwd lng="en"><![CDATA[Finance engineering]]></kwd>
<kwd lng="en"><![CDATA[International financial reporting standard]]></kwd>
</kwd-group>
</article-meta>
</front><back>
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