IDEAS home Printed from https://ideas.repec.org/a/ris/tecemp/2514.html
   My bibliography  Save this article

The impact of the balance sheet and the income statement on market value

Author

Listed:
  • Ayuso-Estellés, Javier

    (Universitat de València, Spain)

  • Gómez-Tello, Alicia

    (Universitat de València, Spain and Universidad Técnica Popular de Loja, Ecuador)

  • Villanueva-García, José

    (Universitat de València, Spain)

Abstract

The objective of this study is to analyse the relative importance of the balance sheet and the income statement on the market value of companies that are close to file for bankruptcy. To do this, we analyse 149 Latin American, listed, bankrupt companies. Our results show that when a company is close to its dissolution, the relative importance on the balance sheet increases whereas the relative importance of the income statement decreases. This result could be due to the investors ' behaviour. If investors foresee the possibility of a dissolution, they will show a higher interest for the liquidity value, strongly associated to the book value.

Suggested Citation

  • Ayuso-Estellés, Javier & Gómez-Tello, Alicia & Villanueva-García, José, 2025. "The impact of the balance sheet and the income statement on market value," TEC Empresarial, School of Business, Costa Rica Institute of Technology (ITCR), vol. 19(2), pages 112-124.
    • Handle: RePEc:ris:tecemp:2514
    as

    Download full text from publisher

    File URL: https://revistas.tec.ac.cr/index.php/tec_empresarial/article/view/7974
    File Function: Full text
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ris:tecemp:2514. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Esteban Lafuente (email available below). General contact details of provider: https://edirc.repec.org/data/eaitccr.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.