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Research Article Open access CC BY 4.0

The Investment Process in the Mexican Industry: The Case of Mexican Chemical Petrochemical Complex

Leticia Armenta, Edgar Nuñez

Journal of Economics, Management and Trade · pp. 270–286 · Published 11 Jun 2015

10.9734/BJEMT/2015/17916

Abstract

Abstract: The aim of this paper is to analyze the investment process of the mexican chemical petrochemical industry (CQP). In order to do it we take the defined complex following Lifschitz and Zottele [1] methodology and we apply a tobin’s q model with uncertainty following bo [2] proposal. the main conclusions of the study are: q theory model behaves pretty good to explain investment process in the mexican CQP; tobin’s q is a very important factor of the investment process; every percent change of q increases investment between 2% to 5%; uncertainty negatively affects CQP investment from -0.6% to -2% for one percent change in gross profit. One of the contributions of the paper is the application of q model at industry level.

Petrochemical industry investment q model mexican economy

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