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Capital simulation tools in educational and financial institutions

Author

Listed:
  • Cruz Páez, Fabio Orlando

    (Universidad de Cundinamarca)

  • Triana Calderón, Odair

    (Universidad de Cundinamarca)

Abstract

Introduction: This research article explores the perception of the need to manage a simulation software or tool that allows for the improvement of skills in planning and decision-making from a financial management perspective. Objective: The main goal is to analyze the importance of financial simulation applications that professionals learn to use to improve personal and business finances. Methodology: The research was of a mixed type and approach, with a quasi-experimental design, a descriptive, cross-sectional, and field study scope, and the Delphi method was used. Results: The findings were established through the applied instrument, which was a structured interview with 25 financial experts based on two theoretical variables: the first is software application, and the second is management. Although some applications are used, experts tend to create their own tools to contribute to effective decision-making from basic to advanced levels. Conclusions: Based on this, it is concluded that decision-making by professionals, with or without postgraduate studies, is deeply influenced by their expertise and the effective handling and analysis of results obtained from free software, Excel add-ons, and paid applications, both at the personal and business levels.

Suggested Citation

  • Cruz Páez, Fabio Orlando & Triana Calderón, Odair, 2025. "Capital simulation tools in educational and financial institutions," Revista Tendencias, Universidad de Narino, vol. 26(1), pages 165-190, January.
    • Handle: RePEc:col:000520:021339
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    References listed on IDEAS

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    More about this item

    Keywords

    software application; credit; financing; management; investment;
    All these keywords.

    JEL classification:

    • D25 - Microeconomics - - Production and Organizations - - - Intertemporal Firm Choice: Investment, Capacity, and Financing
    • H81 - Public Economics - - Miscellaneous Issues - - - Governmental Loans; Loan Guarantees; Credits; Grants; Bailouts
    • L86 - Industrial Organization - - Industry Studies: Services - - - Information and Internet Services; Computer Software
    • M11 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Production Management
    • P33 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - International Trade, Finance, Investment, Relations, and Aid

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