The role of accruals quality in the access to bank debt

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• 作者：Pedro J. Garc铆a-Teruel ; Pedro Mart铆nez-Solano ; Juan Pedro S谩nchez-Ballesta
• 关键词：G31 ; G32
• 刊名：Journal of Banking and Finance
• 出版年：January, 2014
• 年：2014
• 卷：38
• 期：Complete
• 页码：186-193
• 全文大小：348 K

文摘

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.