Valoración financiera de una empresa de movilidad urbana sostenible en España

  1. Félix Puime-Guillén 1
  2. Raquel Fernández-González 2
  3. Raisa Pérez-Vas 2
  4. Mireia Panait 3
  5. Alejandro Castro Varela 1
  1. 1 Universidad de A. Coruña, España
  2. 2 Universidad de Vigo, España
  3. 3 Universidad de Petróleo y Gas de Ploiesti, Rumanía
Revista:
Revista Estrategia Organizacional

ISSN: 2539-2786 2339-3866

Ano de publicación: 2021

Volume: 10

Número: 2

Páxinas: 1-15

Tipo: Artigo

DOI: 10.22490/25392786.4964 DIALNET GOOGLE SCHOLAR lock_openDialnet editor

Outras publicacións en: Revista Estrategia Organizacional

Resumo

La movilidad urbana es uno de los factores más importantes, no solo para la correcta planificación de las ciudades, sino también para la gestión sostenible del transporte doméstico. Se han puesto en marcha numerosas iniciativas para mejorar los niveles de congestión y contaminación urbana. En España se ha implantado un sistema de patinetas eléctricas de uso compartido, a través de una app móvil. En 2020, dados sus exitosos resultados, esta iniciativa se ha extendido hasta en 11 grandes ciudades españolas. El objetivo de este artículo es aplicar diferentes modelos de valoración de proyectos de inversión a una empresa de alquiler de motocicletas eléctricas urbanas, con el fin de evaluar cuál de estos modelos presenta el mejor escenario económico y financiero para la empresa. Palabras clave: movilidad urbana, valor actual neto, opciones reales, España

Referencias bibliográficas

  • Acuna, M., Navarro, R., Ruiz, F., Lara, M., Pérez, J., Varo, M. y Palacios, G. (2021). How does carbon pricing impact optimal thinning schedules and net present value in Mediterranean pine plantations? Forest Ecology and Management, 482. https://doi.org/10.1016/j.foreco.2020.118847
  • Aguilera-García, Á., Gómez, J. y Sobrino, N. (2020). Exploring the adoption of moped scooter-sharing systems in Spanish urban areas. Cities, 96, 102424. https://doi.org/10.1016/j.cities.2019.102424
  • Arsenio, E., Martens, K. y Di Ciommo, F. (2016). Sustainable urban mobility plans: Bridging climate change and equity targets? Research in Transportation Economics, 55, 30-39. https://doi.org/10.1016/j.retrec.2016.04.008
  • Calastri, C., Borghesi, S. y Fagiolo, G. (2019). How do people choose their commuting mode? An evolutionary approach to travel choices. Economia Politica, 36(3), 887-912. https://doi.org/10.1007/s40888-018-0099-1
  • Christiansen, B. y Shuwaikh, F. (Eds.). (2020). Theoretical and applied mathematics in international business. IGI Global, Business Science Reference.
  • Cohen, A. y Shaheen, S. (2018). Planning for shared mobility. California Digital Library. https://doi.org/10.7922/G2NV9GDD
  • Fernandes, B., Cunha, J. y Ferreira, P. (2011). The use of real options approach in energy sector investments. Renewable and Sustainable Energy Reviews, 15(9), 4491-4497. https://doi.org/10.1016/j.rser.2011.07.102
  • Gazheli, A. y van den Bergh, J. (2018). Real options analysis of investment in solar vs. wind energy: Diversification strategies under uncertain prices and costs. Renewable and Sustainable Energy Reviews, 82, 2693-2704. https://doi.org/10.1016/j.rser.2017.09.096
  • Godil, D., Yu, Z., Sharif, A., Usman, R. y Khan, S. (2021). Investigate the role of technology innovation and renewable energy in reducing transport sector CO2 emission in China: A path toward sustainable development. Sustainable Development. https://doi.org/10.1002/sd.2167
  • Howe, E. y Bock, B. (2018). Global scootersharing market report 2018. InnoZ-Innovation Centre for Mobility and Societal Change (InnoZ) GmbH: Berlin, Germany.
  • Juan, A., Méndez, C., Faulin, J., de Armas, J. y Grasman, S. (2016). Electric vehicles in logistics and transportation: A survey on emerging environmental, strategic and operational challenges. Energies, 9(2), 86. https://doi.org/10.3390/en9020086
  • Ke, W., Zhang, S., He, X., Wu, Y. y Hao, J. (2017). Well-to-wheels energy consumption and emissions of electric vehicles: Mid-term implications from real-world features and air pollution control progress. Applied Energy, 188, 367-377. https://doi.org/10.1016/j.apenergy.2016.12.011
  • Kopelias, P., Demiridi, E., Vogiatzis, K., Skabardonis, A. y Zafiropoulou, V. (2020). Connected & autonomous vehicles – Environmental impacts – A review. Science of The Total Environment, 712, 135237. https://doi.org/10.1016/j.scitotenv.2019.135237
  • Kent, J. y Dowling, R. (2016). “Over 1000 cars and no Garage”: How urban planning supports car(park) sharing. Urban Policy and Research, 34(3), 256-268. https://doi.org/10.1080/08111146.2015.1077806
  • Knoke, T., Gosling, E. y Paul, C. (2020). Use and misuse of the net present value in environmental studies. Ecological Economics, 174(July 2019), 106664. https://doi.org/10.1016/j.ecolecon.2020.106664
  • Loncar, D., Milovanovic, I., Rakic, B. y Radjenovic, T. (2017). Compound real options valuation of renewable energy projects: The case of a wind farm in Serbia. Renewable and Sustainable Energy Reviews, 75, 354-367. https://doi.org/10.1016/j.rser.2016.11.001
  • Millard‐Ball, A. y Schipper, L. (2011). Are we reaching peak travel? Trends in passenger transport in eight industrialized countries. Transport Reviews, 31(3), 357-378. https://doi.org/10.1080/01441647.2010.518291
  • Paszkiewicz, A., Bolanowski, M., Budzik, G., Przeszłowski, Ł. y Oleksy, M. (2020). Process of creating an integrated design and manufacturing environment as part of the structure of industry 4.0. Processes, 8(9), 1019. https://doi.org/10.3390/pr8091019
  • Pérez-Vas, R., Puime-Guillén, F. y Enríquez-Díaz, J. (2021). Valuation of a company producing and trading seaweed for human consumption: classical methods vs. real options. International Journal of Environmental Research and Public Health, 18(10), 5262. https://doi.org/10.3390/ijerph18105262
  • Peymankar, M., Davari, M. y Ranjbar, M. (2021). Maximizing the expected net present value in a project with uncertain cash flows. European Journal of Operational Research, 294(2), 442–452. https://doi.org/10.1016/j.ejor.2021.01.039
  • Philp, J. (2018). The bioeconomy, the challenge of the century for policy makers. New Biotechnology, 40, 11-19. https://doi.org/10.1016/j.nbt.2017.04.004
  • Pralle, S. B. (2009). Agenda-setting and climate change. Environmental Politics, 18(5), 781-799. https://doi.org/10.1080/09644010903157115
  • Odugbesan, J. y Rjoub, H. (2020). Relationship among economic growth, energy consumption, CO2 emission, and urbanization: evidence from MINT countries. Sage Open, 10(2), 2158244020914648.
  • Popescu, G., Lăzăroiu, G., Kovacova, M., Valaskova, K. y Majerova, J. (2020). Urban sustainability analytics. Theoretical and Empirical Researches in Urban Management, 15(2), 39-48.
  • Ross, S., Rubinstein, M. y Cox, J. (1979). Option pricing: A simplified approach. Journal of Financial Economics, 7(3), 229–263.
  • Santos, A., Gilio, L., Halmenschlager, V., Diniz, T. y Almeida, A. (2018). Flexible-fuel automobiles and CO2 emissions in Brazil: Parametric and semiparametric analysis using panel data. Habitat International, 71, 147-155. https://doi.org/10.1016/j.habitatint.2017.11.014
  • Shaheen, S. y Chan, N. (2016). Mobility and the sharing economy: potential to facilitate the first- and last-mile public transit connections. Built Environment, 42(4), 573-588. https://doi.org/10.2148/benv.42.4.573
  • Shaheen, S., Cohen, A. y Zohdy, I. (2016). Shared mobility: current practices and guiding principles (No. FHWA-HOP-16-022). Federal Highway Administration.
  • Shaheen, S., Stocker, A. y Mundler, M. (2017). Online and app-based carpooling in France: Analyzing users and practices. A study of BlaBlaCar. En G. Meyer y S. Shaheen (Eds.). Disrupting Mobility: Impacts of Sharing Economy and Innovative Transportation on Cities (pp. 181-196). Springer International Publishing. https://doi.org/10.1007/978-3-319-51602-8_12
  • Shaheen, S., Cohen, A., Chan, N. y Bansal, A. (2020). Sharing strategies: Carsharing, shared micromobility (bikesharing and scooter sharing), transportation network companies, microtransit, and other innovative mobility modes. En Transportation, Land Use, and Environmental Planning (pp. 237-262). Elsevier. https://doi.org/10.1016/B978-0-12-815167-9.00013-X
  • Singh, A., Gurtu, A. y Singh, R. (2020). Selection of sustainable transport system: a case study. Management of Environmental Quality: An International Journal.
  • Sobrino, N. y Monzon, A. (2013). Management of Urban Mobility to Control Climate Change in Cities in Spain. Transportation Research Record: Journal of the Transportation Research Board, 2375(1), 55-61. https://doi.org/10.3141/2375-07
  • Tarifa-Fernández, J., Sánchez-Pérez, A. y Cruz-Rambaud, S. (2019). Internet of Things and Their Coming Perspectives: A Real Options Approach. Sustainability, 11(11), 3178. https://doi.org/10.3390/su11113178
  • Vecchiato, R. (2012). Environmental uncertainty, foresight and strategic decision making: An integrated study. Technological Forecasting and Social Change, 79(3), 436-447. https://doi.org/10.1016/j.techfore.2011.07.010
  • Vogt-Schilb, A. y Hallegatte, S. (2017). Climate policies and nationally determined contributions: Reconciling the needed ambition with the political economy. WIREs Energy and Environment, 6(6), e256. https://doi.org/10.1002/wene.256
  • Wu, G. (2018). An investigation into the role of information and communication technologies on travel behaviour of working adults and youth [PhD, University of Glasgow]. https://eleanor.lib.gla.ac.uk/record=b3301414