IDEAS home Printed from https://ideas.repec.org/a/xpe/journl/v3y2019i5p37-54.html
   My bibliography  Save this article

Influencia del mercado de valores en las empresas emisoras: Caso Ecuador

Author

Listed:
  • Israel Fernández,

Abstract

The stock market is an alternative financing (non-traditional) in emerging or developing countries for companies and investors in their environment. However, in Ecuador this financing mechanism is not developed formany reasons, including the low insertion of companies as issuers of securities. The objective of this research is to analyze the economic and financial performance of the companies issuing securities from 2013 to 2017 and determine what has been the level of influence of entering the stock market. This paper is totally new for the Ecuadorian economy since there is no previous research that determines the effect of having made a securities issue, additionally econometric techniques are used to demonstrate the robustness of the results and determine the influence of the stock market in companies. The results show that companies that are in the stock market have better levels of total assets, stock of capital and gross profit than when they were not in the stock market, however the results do not find evidence in favor of obtaining better levels of sales, rates of profitability and profit.

Suggested Citation

  • Israel Fernández,, 2019. "Influencia del mercado de valores en las empresas emisoras: Caso Ecuador," X-pedientes_Economicos, X-pedientes Económicos, vol. 3(5), pages 37-54.
    • Handle: RePEc:xpe:journl:v:3:y:2019:i:5:p:37-54
    as

    Download full text from publisher

    File URL: https://ojs.supercias.gob.ec/index.php/X-pedientes_Economicos/article/view/30/28.pdf
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    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:xpe:journl:v:3:y:2019:i:5:p:37-54. 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: Jose Guerra Cedillo (email available below). General contact details of provider: .

    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.