The role of accruals quality in the access to bank debt |
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| Affiliation: | 1. University of North Texas, G. Brint Ryan College of Business, Department of Accounting, 1155 Union Circle #305219, Denton, TX 76203-5017, USA;2. University of Texas at San Antonio, Alvarez College of Business, Department of Accounting, One UTSA Way, San Antonio, TX 78249, USA |
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| 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. |
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| Keywords: | Accruals quality Bank debt Information asymmetry |
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