The so-called 'external partners' in the groups of corporations: A model of presentation in the consolidated statements
This paper studies, on the one hand, theories set out around the consideration of the external partners in the consolidated information and on the other hand, financial models that discuss the convenience of the separation or not of the different elements that form part of the liabilities of the balance sheet of the companies. A Model is proposed, the External Partners Model, which financially argues a certain presentation and processing of such and that, in our opinion, facilitates the analysis of the consolidated financial statements. This model is based on two hypotheses: (1) the economic and financial variables are not independent and (2) the value of the company depends, among other factors, of the type of sources that constitute their capital. These two hypotheses will imply that a separation should be included in the consolidated balance sheet between equity and liabilities as they are different sources of capital and then its separation will give relevant information to its users.
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Miller, Merton H, 1977. "Debt and Taxes," Journal of Finance, American Finance Association, vol. 32(2), pages 261-275, May.
When requesting a correction, please mention this item's handle: RePEc:upf:upfgen:528. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ()
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.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with 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 profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.