Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5089198 | Journal of Banking & Finance | 2014 | 8 Pages |
Abstract
This 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.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Pedro J. GarcÃa-Teruel, Pedro MartÃnez-Solano, Juan Pedro Sánchez-Ballesta,