Pedro Juan García Teruel, Pedro Martínez Solano, Juan Pedro Sánchez Ballesta
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.
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