<?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>0123-5923</journal-id>
<journal-title><![CDATA[Estudios Gerenciales]]></journal-title>
<abbrev-journal-title><![CDATA[estud.gerenc.]]></abbrev-journal-title>
<issn>0123-5923</issn>
<publisher>
<publisher-name><![CDATA[Universidad Icesi]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S0123-59232022000100057</article-id>
<article-id pub-id-type="doi">10.18046/j.estger.2022.162.4689</article-id>
<title-group>
<article-title xml:lang="es"><![CDATA[Efecto de la incertidumbre en las organizaciones del mercado accionario: una herramienta para la toma de decisiones y la inteligencia organizacional]]></article-title>
<article-title xml:lang="en"><![CDATA[Effect of uncertainty in stock market organizations: a tool for decision-making and organizational intelligence]]></article-title>
<article-title xml:lang="pt"><![CDATA[Efeito da incerteza nas organizações do mercado de ações: uma ferramenta para tomada de decisão e inteligência organizacional]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Candelo-Viáfara]]></surname>
<given-names><![CDATA[Juan Manuel]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Gonzáles-Campo]]></surname>
<given-names><![CDATA[Carlos Hernán]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Universidad del Valle  ]]></institution>
<addr-line><![CDATA[Guadalajara de Buga ]]></addr-line>
<country>Colombia</country>
</aff>
<aff id="Af2">
<institution><![CDATA[,Universidad del Valle Departamento de Administración y Organizaciones ]]></institution>
<addr-line><![CDATA[Cali ]]></addr-line>
<country>Colombia</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>03</month>
<year>2022</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>03</month>
<year>2022</year>
</pub-date>
<volume>38</volume>
<numero>162</numero>
<fpage>57</fpage>
<lpage>68</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_arttext&amp;pid=S0123-59232022000100057&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_abstract&amp;pid=S0123-59232022000100057&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_pdf&amp;pid=S0123-59232022000100057&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen Este artículo tiene como objetivo medir el efecto de la incertidumbre en las organizaciones del mercado accionario colombiano, usando información financiera como los precios de las materias primas energéticas y la tasa de cambio, con el fin de aumentar la inteligencia organizacional para la toma de decisiones. Se utilizan el modelo FAVAR y la medición de derrame financiero para analizar los impactos y la volatilidad direccional del índice IMIFE, el cual es proxy de incertidumbre. Se encuentra que la incertidumbre afecta negativamente el crecimiento del valor de las acciones colombianas, generando impactos significativos de más del 90 % en momentos de alta incertidumbre, lo que permite tomar decisiones de gestión, tanto estratégica como financiera. Clasificación JEL: D21, D52, D52, D83.]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract 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.]]></p></abstract>
<abstract abstract-type="short" xml:lang="pt"><p><![CDATA[Resumo Este artigo tem como objetivo medir o efeito da incerteza nas organizações do mercado de ações colombiano, usando informação financeira como os preços das matérias-primas energéticas e a taxa de câmbio, a fim de aumentar a inteligência organizacional para a tomada de decisões. O modelo FAVAR e a mensuração de transbordamento financeiro utilizaram-se para analisar os impactos e a volatilidade direcional do índice IMIFE, que é uma proxy de incerteza. Verifica-se que a incerteza afeta negativamente o crescimento do valor das ações colombianas, gerando impactos significativos de mais de 90% em tempos de alta incerteza, o que permite decisões de gestão, tanto estratégicas quanto financeiras.]]></p></abstract>
<kwd-group>
<kwd lng="es"><![CDATA[incertidumbre]]></kwd>
<kwd lng="es"><![CDATA[toma de decisiones]]></kwd>
<kwd lng="es"><![CDATA[inteligencia organizacional]]></kwd>
<kwd lng="es"><![CDATA[racionalidad]]></kwd>
<kwd lng="es"><![CDATA[materias primas energéticas]]></kwd>
<kwd lng="en"><![CDATA[uncertainty]]></kwd>
<kwd lng="en"><![CDATA[decision making]]></kwd>
<kwd lng="en"><![CDATA[organizational intelligence]]></kwd>
<kwd lng="en"><![CDATA[rationality]]></kwd>
<kwd lng="en"><![CDATA[energy raw materials]]></kwd>
<kwd lng="pt"><![CDATA[incerteza]]></kwd>
<kwd lng="pt"><![CDATA[tomada de decisão]]></kwd>
<kwd lng="pt"><![CDATA[inteligência organizacional]]></kwd>
<kwd lng="pt"><![CDATA[racionalidade]]></kwd>
<kwd lng="pt"><![CDATA[matérias-primas energéticas]]></kwd>
</kwd-group>
</article-meta>
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