Exploring the asymmetric relationship between macroeconomic factors and corporate profitability in the MSCI Colombia index
Abstract Purpose. This study aims to explore the asymmetric effects of macroeconomic factors on the profitability of large-cap companies in an emerging country like Colombia, using the Morgan Stanley Capital International (MSCI) Colombia index as the basis. Design/methodology/approach. We employ a combination of singular spectrum analysis (SSA) and principal component analysis (PCA) to identify and […]
