{"id":58871,"date":"2025-12-28T19:03:44","date_gmt":"2025-12-28T18:03:44","guid":{"rendered":"https:\/\/www.carolinacampalans.com\/glossary\/inversion-en-crecimiento\/"},"modified":"2026-05-26T15:07:35","modified_gmt":"2026-05-26T13:07:35","slug":"inversion-en-crecimiento","status":"publish","type":"glosario","link":"https:\/\/www.carolinacampalans.com\/?glosario=inversion-en-crecimiento","title":{"rendered":"inversi\u00f3n en crecimiento"},"content":{"rendered":"<div class=\"ttr_start\"><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1248px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-1\"><p>Una estrategia de inversi\u00f3n que se centra en empresas que tienen un potencial de crecimiento muy superior a la media del mercado.<\/p>\n<\/div><div class=\"fusion-text fusion-text-2\">\n<\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-2 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1248px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-1 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-title title fusion-title-1 fusion-sep-none fusion-title-text fusion-title-size-two\"><h2 class=\"fusion-title-heading title-heading-left fusion-responsive-typography-calculated\" style=\"margin:0;--fontSize:36;line-height:1.5;\">Descripci\u00f3n<\/h2><\/div><div class=\"fusion-text fusion-text-3\"><p data-path-to-node=\"4\">Las compa\u00f1\u00edas que atraen inversi\u00f3n de crecimiento suelen compartir ciertos rasgos:<\/p>\n<ul data-path-to-node=\"5\">\n<li>\n<p data-path-to-node=\"5,0,0\"><b data-path-to-node=\"5,0,0\" data-index-in-node=\"0\">Reinversi\u00f3n total:<\/b> No suelen pagar dividendos. Prefieren utilizar cada unidad monetaria de beneficio para investigar nuevos productos, expandirse a otros pa\u00edses o mejorar su tecnolog\u00eda.<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"5,1,0\"><b data-path-to-node=\"5,1,0\" data-index-in-node=\"0\">Altas expectativas:<\/b> El mercado suele tener mucha fe en ellas, por lo que sus acciones cotizan a m\u00faltiplos muy altos (PER elevado). Se paga por los beneficios de dentro de 5 o 10 a\u00f1os, no por los de hoy.<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"5,2,0\"><b data-path-to-node=\"5,2,0\" data-index-in-node=\"0\">Sectores innovadores:<\/b> Es muy com\u00fan encontrarlas en tecnolog\u00eda, biotecnolog\u00eda, energ\u00edas renovables o servicios digitales.<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"5,3,0\"><b data-path-to-node=\"5,3,0\" data-index-in-node=\"0\">Crecimiento de ingresos (<em>revenue<\/em>):<\/b> A veces, los inversores <i data-path-to-node=\"5,3,0\" data-index-in-node=\"56\">growth<\/i> aceptan que la empresa tenga p\u00e9rdidas en la actualidad (como ocurri\u00f3 con Amazon o Tesla durante a\u00f1os), siempre que sus ventas y su cuota de mercado crezcan de forma explosiva.<\/p>\n<\/li>\n<\/ul>\n<\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-2 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-title title fusion-title-2 fusion-sep-none fusion-title-text fusion-title-size-three\"><h3 class=\"fusion-title-heading title-heading-left fusion-responsive-typography-calculated\" style=\"margin:0;--fontSize:24;--minFontSize:24;line-height:1.5;\">Indicadores<\/h3><\/div><div class=\"fusion-text fusion-text-4\"><p data-path-to-node=\"7\">A diferencia de la inversi\u00f3n de valor, que se enfoca en el balance y los activos actuales, la inversi\u00f3n de crecimiento considera el potencial futuro.<\/p>\n<h4 data-path-to-node=\"8,0,0\"><span class=\"ez-toc-section\" id=\"TAM_Total_Addressable_Market\"><\/span>TAM (Total Addressable Market)<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p data-path-to-node=\"8,0,0\">El TAM analiza el tama\u00f1o potencial del mercado que la empresa podr\u00e1 llegar a dominar.<\/p>\n<h4 data-path-to-node=\"8,1,0\"><span class=\"ez-toc-section\" id=\"Margenes_crecientes\"><\/span>M\u00e1rgenes crecientes<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p data-path-to-node=\"8,1,0\">Aqu\u00ed se trata de analizar las posibles econom\u00edas de escala. La pregunta b\u00e1sica es: \u00bfSer\u00e1 la empresa m\u00e1s eficiente a medida que se haga m\u00e1s grande?<\/p>\n<h4 data-path-to-node=\"8,2,0\"><span class=\"ez-toc-section\" id=\"PEG_ratio\"><\/span>PEG ratio<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p data-path-to-node=\"8,2,0\">El PEG es un ratio que divide el PER por la tasa de crecimiento. Un PER de 40 puede parecer caro, pero si la empresa crece al 40% anual, el PEG es 1, lo cual es muy atractivo.<\/p>\n<h4 data-path-to-node=\"8,3,0\"><span class=\"ez-toc-section\" id=\"Ventaja_competitiva\"><\/span>Ventaja competitiva<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p data-path-to-node=\"8,3,0\">Las empresas con un producto tan superior que ser\u00eda dif\u00edcil de copiar son las que presentan una ventaja competitiva y, por lo tanto, pueden atraer la inversi\u00f3n de crecimiento.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-3 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-title title fusion-title-3 fusion-sep-none fusion-title-text fusion-title-size-three\"><h3 class=\"fusion-title-heading title-heading-left fusion-responsive-typography-calculated\" style=\"margin:0;--fontSize:24;--minFontSize:24;line-height:1.5;\">Riesgos<\/h3><\/div><div class=\"fusion-text fusion-text-5\"><p data-path-to-node=\"10\">Es una estrategia que puede generar rentabilidades espectaculares, pero tiene peligros claros:<\/p>\n<ul data-path-to-node=\"11\">\n<li>\n<p data-path-to-node=\"11,0,0\"><b data-path-to-node=\"11,0,0\" data-index-in-node=\"0\">Sensibilidad a los tipos de inter\u00e9s:<\/b> Cuando los tipos suben, las acciones <i data-path-to-node=\"11,0,0\" data-index-in-node=\"74\">growth<\/i> suelen caer m\u00e1s, porque el valor de sus beneficios futuros se \u00abdescuenta\u00bb a una tasa mayor.<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"11,1,0\"><b data-path-to-node=\"11,1,0\" data-index-in-node=\"0\">Volatilidad extrema:<\/b> Si la empresa presenta unos resultados ligeramente peores de lo esperado, el mercado suele castigar la acci\u00f3n con ca\u00eddas fuertes, porque la valoraci\u00f3n era muy exigente.<\/p>\n<\/li>\n<\/ul>\n<\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-4 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-title title fusion-title-4 fusion-sep-none fusion-title-text fusion-title-size-three\"><h3 class=\"fusion-title-heading title-heading-left fusion-responsive-typography-calculated\" style=\"margin:0;--fontSize:24;--minFontSize:24;line-height:1.5;\">Comparaci\u00f3n con la inversi\u00f3n de valor<\/h3><\/div><div class=\"fusion-text fusion-text-6\"><table style=\"height: 140px;\" width=\"998\" data-path-to-node=\"16\">\n<thead>\n<tr>\n<td><strong>Aspecto<\/strong><\/td>\n<td><strong>Value investing<\/strong><\/td>\n<td><strong>Growth investing<\/strong><\/td>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><span data-path-to-node=\"16,1,0,0\"><b data-path-to-node=\"16,1,0,0\" data-index-in-node=\"0\">Meta<\/b><\/span><\/td>\n<td><span data-path-to-node=\"16,1,1,0\">Comprar barato (gangas).<\/span><\/td>\n<td><span data-path-to-node=\"16,1,2,0\">Comprar futuro (potencial).<\/span><\/td>\n<\/tr>\n<tr>\n<td><span data-path-to-node=\"16,2,0,0\"><b data-path-to-node=\"16,2,0,0\" data-index-in-node=\"0\">M\u00e9tricas<\/b><\/span><\/td>\n<td><span data-path-to-node=\"16,2,1,0\">PER bajo, dividendos altos.<\/span><\/td>\n<td><span data-path-to-node=\"16,2,2,0\">PER alto, crecimiento de ventas alto.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span data-path-to-node=\"16,3,0,0\"><b data-path-to-node=\"16,3,0,0\" data-index-in-node=\"0\">Estado de la empresa<\/b><\/span><\/td>\n<td><span data-path-to-node=\"16,3,1,0\">Madura o con problemas temporales.<\/span><\/td>\n<td><span data-path-to-node=\"16,3,2,0\">Joven o l\u00edder en sector expansivo.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span data-path-to-node=\"16,4,0,0\"><b data-path-to-node=\"16,4,0,0\" data-index-in-node=\"0\">Psicolog\u00eda<\/b><\/span><\/td>\n<td><span data-path-to-node=\"16,4,1,0\">Paciencia y contracorriente.<\/span><\/td>\n<td><span data-path-to-node=\"16,4,2,0\">Visi\u00f3n y tolerancia al riesgo.<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-5 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-title title fusion-title-5 fusion-sep-none fusion-title-text fusion-title-size-three\"><h3 class=\"fusion-title-heading title-heading-left fusion-responsive-typography-calculated\" style=\"margin:0;--fontSize:24;--minFontSize:24;line-height:1.5;\">Exponentes<\/h3><\/div><div class=\"fusion-text fusion-text-7\"><h4 data-path-to-node=\"13,0,0\"><span class=\"ez-toc-section\" id=\"Thomas_Rowe_Price_Jr\"><\/span>Thomas Rowe Price Jr.<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p data-path-to-node=\"13,0,0\">Es considerado el padre del <i data-path-to-node=\"13,0,0\" data-index-in-node=\"48\">growth investing<\/i>.<\/p>\n<h4 data-path-to-node=\"13,1,0\"><span class=\"ez-toc-section\" id=\"Cathie_Wood\"><\/span>Cathie Wood<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p data-path-to-node=\"13,1,0\">Conocida por apostar por la innovaci\u00f3n disruptiva.<\/p>\n<h4 data-path-to-node=\"13,2,0\"><span class=\"ez-toc-section\" id=\"Peter_Lynch\"><\/span>Peter Lynch<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p data-path-to-node=\"13,2,0\">Aunque su filosof\u00eda de inversi\u00f3n es m\u00e1s bien un h\u00edbrido entre <em>value investing <\/em>y<em> growth investing<\/em>, su \u00e9xito en el fondo <i data-path-to-node=\"13,2,0\" data-index-in-node=\"56\">Magellan<\/i> se bas\u00f3 en gran medida en encontrar empresas con crecimientos explosivos antes que los dem\u00e1s. Tambi\u00e9n es conocido por promover el concepto de conocimiento local (<em>local knowledge<\/em>), aplicado a las inversiones financieras.<\/p>\n<\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-3 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1248px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-6 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-title title fusion-title-6 fusion-sep-none fusion-title-text fusion-title-size-two\"><h2 class=\"fusion-title-heading title-heading-left fusion-responsive-typography-calculated\" style=\"margin:0;--fontSize:36;line-height:1.5;\">Enlaces<\/h2><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-7 fusion_builder_column_1_3 1_3 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:33.333333333333%;--awb-margin-top-large:0px;--awb-spacing-right-large:5.76%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:5.76%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div ><a class=\"fusion-button button-flat fusion-button-default-size button-default fusion-button-default button-1 fusion-button-span-yes fusion-button-default-type\" target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/en.wikipedia.org\/wiki\/Thomas_Rowe_Price_Jr.\"><i class=\"fa-wikipedia-w fab awb-button__icon awb-button__icon--default button-icon-left\" aria-hidden=\"true\"><\/i><span class=\"fusion-button-text awb-button__text awb-button__text--default\">Thomas Rowe Price Jr.<\/span><\/a><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-8 fusion_builder_column_1_3 1_3 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:33.333333333333%;--awb-margin-top-large:0px;--awb-spacing-right-large:5.76%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:5.76%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div ><a class=\"fusion-button button-flat fusion-button-default-size button-default fusion-button-default button-2 fusion-button-span-yes fusion-button-default-type\" target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/en.wikipedia.org\/wiki\/https:\/\/en.wikipedia.org\/wiki\/Cathie_Wood\"><i class=\"fa-wikipedia-w fab awb-button__icon awb-button__icon--default button-icon-left\" aria-hidden=\"true\"><\/i><span class=\"fusion-button-text awb-button__text awb-button__text--default\">Cathie Wood<\/span><\/a><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-9 fusion_builder_column_1_3 1_3 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:33.333333333333%;--awb-margin-top-large:0px;--awb-spacing-right-large:5.76%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:5.76%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div ><a class=\"fusion-button button-flat fusion-button-default-size button-default fusion-button-default button-3 fusion-button-span-yes fusion-button-default-type\" target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/en.wikipedia.org\/wiki\/Peter_Lynch\"><i class=\"fa-wikipedia-w fab awb-button__icon awb-button__icon--default button-icon-left\" aria-hidden=\"true\"><\/i><span class=\"fusion-button-text awb-button__text awb-button__text--default\">Peter Lynch<\/span><\/a><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-4 fusion-flex-container has-pattern-background has-mask-background nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1248px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-10 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-separator fusion-full-width-sep\" style=\"align-self: center;margin-left: auto;margin-right: auto;margin-top:60px;width:100%;\"><div class=\"fusion-separator-border sep-single sep-dotted\" style=\"--awb-height:20px;--awb-amount:20px;border-color:#000000;border-top-width:1px;\"><\/div><\/div><\/div><\/div><\/div><\/div>\n<div class=\"ttr_end\"><\/div>","protected":false},"excerpt":{"rendered":"","protected":false},"template":"","meta":{"inline_featured_image":false,"_vp_format_video_url":"","_vp_image_focal_point":[]},"glosario_categoria":[7001],"glosario_tag":[7045,7095,7096],"class_list":["post-58871","glosario","type-glosario","status-publish","hentry","glosario_categoria-organizaciones-negocios","glosario_tag-analisis-economico","glosario_tag-finanzas","glosario_tag-inversiones"],"_links":{"self":[{"href":"https:\/\/www.carolinacampalans.com\/index.php?rest_route=\/wp\/v2\/glosario\/58871","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.carolinacampalans.com\/index.php?rest_route=\/wp\/v2\/glosario"}],"about":[{"href":"https:\/\/www.carolinacampalans.com\/index.php?rest_route=\/wp\/v2\/types\/glosario"}],"wp:attachment":[{"href":"https:\/\/www.carolinacampalans.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=58871"}],"wp:term":[{"taxonomy":"glosario_categoria","embeddable":true,"href":"https:\/\/www.carolinacampalans.com\/index.php?rest_route=%2Fwp%2Fv2%2Fglosario_categoria&post=58871"},{"taxonomy":"glosario_tag","embeddable":true,"href":"https:\/\/www.carolinacampalans.com\/index.php?rest_route=%2Fwp%2Fv2%2Fglosario_tag&post=58871"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}