The role of accruals quality in the access to bank debt
2013; Elsevier BV; Volume: 38; Linguagem: Inglês
10.1016/j.jbankfin.2013.10.003
ISSN1872-6372
AutoresPedro J. García‐Teruel, Pedro Martínez Solano, Juan Pedro Sánchez‐Ballesta,
Tópico(s)Financial Reporting and Valuation Research
ResumoThis work analyses the effect of accruals quality in the access of firms to bank debt in a panel data of SME Spanish firms. The results show a positive association between accruals quality and bank debt, even when controlling for other determinants of bank debt and for possible endogeneity between bank debt and accruals quality, which suggests that higher precision of earnings reduces information asymmetries with banks and favors the access of firms to bank loans.
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