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The role of accruals quality in the access to bank debt

Pedro J. García-Teruel, Pedro Martínez-Solano and Juan Pedro Sánchez-Ballesta

Journal of Banking & Finance, 2014, vol. 38, issue C, 186-193

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.

Keywords: Accruals quality; Bank debt; Information asymmetry (search for similar items in EconPapers)
JEL-codes: G31 G32 (search for similar items in EconPapers)
Date: 2014
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Handle: RePEc:eee:jbfina:v:38:y:2014:i:c:p:186-193