<?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>1665-5346</journal-id>
<journal-title><![CDATA[Revista mexicana de economía y finanzas]]></journal-title>
<abbrev-journal-title><![CDATA[Rev. mex. econ. finanz]]></abbrev-journal-title>
<issn>1665-5346</issn>
<publisher>
<publisher-name><![CDATA[Instituto Mexicano de Ejecutivos de Finanzas A.C.]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S1665-53462022000100005</article-id>
<article-id pub-id-type="doi">10.21919/remef.v17i1.550</article-id>
<title-group>
<article-title xml:lang="en"><![CDATA[The Relationship Between Share Prices and DUPONT Model Components: Evidence from Mexican Stock Market]]></article-title>
<article-title xml:lang="es"><![CDATA[La relación entre los precios de las acciones y los componentes del modelo DUPONT: evidencia del mercado de valores mexicano]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Tovar Rocha]]></surname>
<given-names><![CDATA[Luis Manuel]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Téllez Pérez]]></surname>
<given-names><![CDATA[Julio]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Agudelo Torres]]></surname>
<given-names><![CDATA[Gabriel Alberto]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Universidad Anáhuac México Norte  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Mexico</country>
</aff>
<aff id="Af2">
<institution><![CDATA[,Instituto Tecnológico Metropolitano Medellín  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Colombia</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>03</month>
<year>2022</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>03</month>
<year>2022</year>
</pub-date>
<volume>17</volume>
<numero>1</numero>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S1665-53462022000100005&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S1665-53462022000100005&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S1665-53462022000100005&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract This article presents the possible association between the three components (profit generation, asset efficiency and financial leverage) of the DUPONT ratio and share prices. The generalized method of moments (GMM) estimation was used with a sample of 23 companies traded on the Mexican stock exchange between 2008 and 2016, considering a period of three days before and three days after the presentation of the quarterly results. It is noted that the generation of profit and efficiency are the components of the DUPONT model that are strongly associated with stock prices, while the leverage effect is the component with the least impact. This empirical work is intended to help understand the relationship between accounting information and stock prices. The study identifies variables that influence decision-making and does not seek to be a predictive model of the value of actions in the future. This research differs from previous studies because it considers the volatility index (VIMEX) as a control variable.]]></p></abstract>
<abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen En este artículo se presenta la posible asociación entre los tres componentes (generación de beneficios, eficiencia de activos y apalancamiento financiero) de la razón DUPONT y los precios de las acciones. Se utilizó la estimación del Método Generalizado de Momentos (GMM) con una muestra de 23 empresas cotizadas en la Bolsa Mexicana entre 2008 y 2016, considerando un período de tres días antes y tres días después de la presentación de los resultados trimestrales. Se observa que la generación de beneficios y eficiencia son los componentes del modelo DUPONT que están fuertemente asociados con los precios de las acciones, mientras que el efecto de apalancamiento es el componente con menor impacto. Este trabajo empírico pretende ayudar a comprender la relación entre la información contable y los precios de las acciones. El estudio identifica variables que influyen en la toma de decisiones y no busca ser un modelo predictivo del valor de las acciones en el futuro. Esta investigación difiere de estudios anteriores porque considera el índice de volatilidad (VIMEX) como una variable de control.]]></p></abstract>
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<kwd lng="en"><![CDATA[C23]]></kwd>
<kwd lng="en"><![CDATA[D53]]></kwd>
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<kwd lng="en"><![CDATA[E44]]></kwd>
<kwd lng="en"><![CDATA[G12]]></kwd>
<kwd lng="en"><![CDATA[Valuation]]></kwd>
<kwd lng="en"><![CDATA[financial analysis]]></kwd>
<kwd lng="en"><![CDATA[multiples]]></kwd>
<kwd lng="en"><![CDATA[financial ratios]]></kwd>
<kwd lng="en"><![CDATA[volatility]]></kwd>
<kwd lng="es"><![CDATA[C23]]></kwd>
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<kwd lng="es"><![CDATA[G12]]></kwd>
<kwd lng="es"><![CDATA[valoración]]></kwd>
<kwd lng="es"><![CDATA[análisis financiero]]></kwd>
<kwd lng="es"><![CDATA[múltiplos]]></kwd>
<kwd lng="es"><![CDATA[razones financieros]]></kwd>
<kwd lng="es"><![CDATA[volatilidad]]></kwd>
</kwd-group>
</article-meta>
</front><back>
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