The role of accruals quality in the access to bank debt
ISSN: 1988-8767
Año de publicación: 2012
Número: 656
Tipo: Documento de Trabajo
Otras publicaciones en: Notas técnicas: [continuación de Documentos de Trabajo FUNCAS]
Resumen
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, even when we control for other determinants of bank debt and for the possible endogeneity between bank debt and accruals quality, a positive effect of accruals quality on bank debt, which suggests that higher precision of earnings reduces information asymmetries with banks and favours the access of firms to bank loans.