<?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>2306-9155</journal-id>
<journal-title><![CDATA[Retos de la Dirección]]></journal-title>
<abbrev-journal-title><![CDATA[Rev retos]]></abbrev-journal-title>
<issn>2306-9155</issn>
<publisher>
<publisher-name><![CDATA[Centro de Estudios de Dirección Empresarial Territorial de la Universidad de Camagüey Ignacio Agramonte Loynaz]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S2306-91552024000100006</article-id>
<title-group>
<article-title xml:lang="es"><![CDATA[El costo promedio ponderado de capital en las decisiones de inversión y financiamiento empresarial]]></article-title>
<article-title xml:lang="en"><![CDATA[The weighted average cost of capital in business investment and financing decisions]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Alarcón Armenteros]]></surname>
<given-names><![CDATA[Adelfa Dignora]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Lall Boodhoo]]></surname>
<given-names><![CDATA[Surendra]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Universidad de Ciego de Ávila Máximo Gómez Báez Facultad Ciencias Económicas y Empresariales ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Cuba</country>
</aff>
<aff id="Af2">
<institution><![CDATA[,Ministerio de Finanzas Unidad de Inteligencia Financiera ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Guyana</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>04</month>
<year>2024</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>04</month>
<year>2024</year>
</pub-date>
<volume>18</volume>
<numero>1</numero>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://scielo.sld.cu/scielo.php?script=sci_arttext&amp;pid=S2306-91552024000100006&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://scielo.sld.cu/scielo.php?script=sci_abstract&amp;pid=S2306-91552024000100006&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://scielo.sld.cu/scielo.php?script=sci_pdf&amp;pid=S2306-91552024000100006&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="es"><p><![CDATA[RESUMEN  Objetivo:  Sistematizar los fundamentos teóricos sobre la necesaria interrelación de las decisiones de inversión y financiamiento para la evaluación del proceso inversionista a través del criterio del costo promedio ponderado de capital.  Materiales y métodos:  Se utilizó de forma integrada la metodología de revisión sistemática descriptiva y revisión narrativa con la técnica de análisis bibliométrico; lo que permitió la identificación, selección, evaluación de las fuentes y análisis de los datos, abstracciones, descomposiciones y generalidades del tema de forma objetiva, a criterio de los autores del presente artículo y de las fuentes consultadas.  Resultados:  Se demostró que la interrelación de las decisiones de inversión y de financiamiento, como parte de las decisiones estratégicas de la empresa, permiten obtener un presupuesto que constituye el financiamiento necesario para la ejecución de las mejores inversiones con el mínimo de costo de las fuentes de financiamiento utilizadas.  Conclusiones:  Las premisas teóricas internacionales referentes al costo promedio ponderado de capital se sustentaron en la necesidad de interrelacionar las oportunidades de inversión y financiamiento, pues permite tomar la decisión de aceptar el proyecto más rentable para la empresa a aquellos que su tasa interna de rendimiento sea mayor al costo promedio ponderado de capital.]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[ABSTRACT  Objective: Systematize the theoretical foundations on the necessary interrelation of investment and financing decisions for the evaluation of the investment process through the criterion of the weighted average cost of capital.  Materials and methods: The methodology of systematic descriptive review and narrative review was used in an integrated manner, with the bibliometric analysis technique, which allowed the identification, selection, evaluation of the source and analysis of the data, abstractions, decomposition and generalities of the topic objectively, according to the criteria of the authors of the sources and of this article.  Results: It was demonstrated that the interrelation of investment and financing decisions, as part of the company's strategic decisions, allows obtaining a budget that constitutes the financing necessary for the execution of the best investments with the minimum cost of the operations financing sources used.  Conclusions: The international theoretical premises regarding the weighted average cost of capital were based on the need to interrelate investment and financing opportunities, since it allows the decision to be made to accept the most profitable project for the company, those whose internal rate of return is greater than the weighted average cost of capital.]]></p></abstract>
<kwd-group>
<kwd lng="es"><![CDATA[decisiones de inversión y financiamiento]]></kwd>
<kwd lng="es"><![CDATA[costo de capital]]></kwd>
<kwd lng="es"><![CDATA[costo promedio ponderado de capital]]></kwd>
<kwd lng="en"><![CDATA[investment and financing decisions]]></kwd>
<kwd lng="en"><![CDATA[cost of capital]]></kwd>
<kwd lng="en"><![CDATA[weighted average cost of capital]]></kwd>
</kwd-group>
</article-meta>
</front><back>
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