<?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>2448-6655</journal-id>
<journal-title><![CDATA[Análisis económico]]></journal-title>
<abbrev-journal-title><![CDATA[Anál. econ.]]></abbrev-journal-title>
<issn>2448-6655</issn>
<publisher>
<publisher-name><![CDATA[Universidad Autónoma Metropolitana, Unidad Azcapotzalco, División de Ciencias Sociales y Humanidades]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S2448-66552021000100063</article-id>
<title-group>
<article-title xml:lang="es"><![CDATA[Análisis de inversión y ganancias cambiarias en empresas mexicanas mediante regresión cuantílica: 1990-2018]]></article-title>
<article-title xml:lang="en"><![CDATA[Analysis of investment and exchange earnings in Mexican firms by quantile regression: 1990-2018]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Morales Castro]]></surname>
<given-names><![CDATA[José Antonio]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[López-Herrera]]></surname>
<given-names><![CDATA[Francisco]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Instituto Politécnico Nacional  ]]></institution>
<addr-line><![CDATA[CDMX ]]></addr-line>
<country>Mexico</country>
</aff>
<aff id="Af2">
<institution><![CDATA[,Universidad Nacional Autónoma de México  ]]></institution>
<addr-line><![CDATA[CDMX ]]></addr-line>
<country>Mexico</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>04</month>
<year>2021</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>04</month>
<year>2021</year>
</pub-date>
<volume>36</volume>
<numero>91</numero>
<fpage>63</fpage>
<lpage>84</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S2448-66552021000100063&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S2448-66552021000100063&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S2448-66552021000100063&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen Mediante una regresión cuantílica se demuestra que de 1990 a 2018 los impactos de las inversiones empresariales, la deuda en dólares y el tipo de cambio son diferenciados para los diversos niveles de ganancias cambiarias de un conjunto de empresas mexicanas. El valor del dólar y la deuda en moneda extranjera impactan negativamente las ganancias, y las inversiones en inmuebles, planta y equipo y el capital de trabajo neto tienen mayor influencia en la obtención de ganancias. La relación entre las ganancias cambiarias y las inversiones en activos recientes, intangibles y el capital del trabajo neto no se ha estudiado anteriormente. Estos resultados pueden ser útiles para la planeación de inversiones como un medio de administración del riesgo de pérdidas cambiarias.]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract Through a quantile regression, it is shown that from 1990 to 2018 the impacts of business investments, dollar debt and the exchange rate are differentiated for the various levels of exchange earnings of a group of Mexican companies. The value of the dollar and foreign currency debt negatively impact earnings, and investments in property, plant and equipment, and net working capital have a greater influence on such earnings. The relationship between foreign exchange earnings and investments in recent, intangible assets and net working capital has not been previously studied. These results can be useful for investment planning as a means of managing the risk of foreign exchange losses.]]></p></abstract>
<kwd-group>
<kwd lng="es"><![CDATA[ganancias cambiarias]]></kwd>
<kwd lng="es"><![CDATA[descalces monetarios]]></kwd>
<kwd lng="es"><![CDATA[inversión]]></kwd>
<kwd lng="es"><![CDATA[saldo cambiario]]></kwd>
<kwd lng="es"><![CDATA[F31]]></kwd>
<kwd lng="es"><![CDATA[F36]]></kwd>
<kwd lng="es"><![CDATA[F65]]></kwd>
<kwd lng="es"><![CDATA[G32]]></kwd>
<kwd lng="en"><![CDATA[exchange gains]]></kwd>
<kwd lng="en"><![CDATA[currency mismatches]]></kwd>
<kwd lng="en"><![CDATA[investment]]></kwd>
<kwd lng="en"><![CDATA[exchange balance]]></kwd>
<kwd lng="en"><![CDATA[F31]]></kwd>
<kwd lng="en"><![CDATA[F36]]></kwd>
<kwd lng="en"><![CDATA[F65]]></kwd>
<kwd lng="en"><![CDATA[G32]]></kwd>
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