Examining the effects of the quality of financial reports on SME trade credit: an innovative approach
Following an innovative approach, the effects of finan-cial report quality on the use of trade credit in small andmedium-sized enterprises (SMEs) are examined. Thiseffect is considered in a direct and indirect way. Firstly,we analyze whether SMEs with low-quality informationare more likely to use tr...
| Autores: | , , |
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| Tipo de documento: | artigo |
| Estado: | Versão publicada |
| Data de publicação: | 2021 |
| País: | España |
| Recursos: | Universidad de Sevilla (US) |
| Repositório: | idUS. Depósito de Investigación de la Universidad de Sevilla |
| OAI Identifier: | oai:idus.us.es:11441/128268 |
| Acesso em linha: | https://hdl.handle.net/11441/128268 https://doi.org/10.1111/irfi.12363 |
| Access Level: | Acceso aberto |
| Palavra-chave: | Bank credit Financial report quality SME Trade credit |
| Resumo: | Following an innovative approach, the effects of finan-cial report quality on the use of trade credit in small andmedium-sized enterprises (SMEs) are examined. Thiseffect is considered in a direct and indirect way. Firstly,we analyze whether SMEs with low-quality informationare more likely to use trade credit as a financialresource. Secondly, we investigate whether the rela-tionship between trade credit and bank credit in SMEsis moderated by the quality of financial reports. For theempirical analysis, we use a sample of Spanish SMEsover the period 2004 to 2011, and apply a panel datamodel with fixed effects. The findings suggest thatfirms with low-quality financial reporting use moretrade credit. Furthermore, the influence of bank crediton trade credit is found to be partially moderated byaudit opinion. |
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