Abstract

CANDELO-VIAFARA, Juan Manuel  and  GONZALES-CAMPO, Carlos Hernán. Effect of uncertainty in stock market organizations: a tool for decision-making and organizational intelligence. estud.gerenc. [online]. 2022, vol.38, n.162, pp.57-68.  Epub Mar 24, 2022. ISSN 0123-5923.  https://doi.org/10.18046/j.estger.2022.162.4689.

This article aims to measure the effect of uncertainty in Colombian stock market organizations, using financial information such as the prices of energy raw materials and the exchange rate to increase organizational intelligence for decision-making. The FAVAR model and the financial spillover measurement are used to analyze the impacts and directional volatility of the IMIFE index, which is a proxy for uncertainty. It is found that uncertainty negatively affects the growth of the value of Colombian shares, generating significant impacts of more than 90% in times of high uncertainty, which allows both strategic and financial management decisions.

Keywords : uncertainty; decision making; organizational intelligence; rationality; energy raw materials.

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