Artículo
Examining the effects of the quality of financial reports on SME trade credit: an innovative approach
Autor/es | Palacín Sánchez, María José
Canto Cuevas, Francisco Javier Di Pietro, Filippo |
Departamento | Universidad de Sevilla. Departamento de Economía Financiera y Dirección de Operaciones |
Fecha de publicación | 2021 |
Fecha de depósito | 2021-12-15 |
Publicado en |
|
Premios | Premio Mensual Publicación Científica Destacada de la US. Facultad de Turismo y Finanzas |
Resumen | 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 ... 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. |
Cita | Palacín Sánchez, M.J., Canto Cuevas, F.J. y Di Pietro, F. (2021). Examining the effects of the quality of financial reports on SME trade credit: an innovative approach. International Review of Finance |
Ficheros | Tamaño | Formato | Ver | Descripción |
---|---|---|---|---|
Examining_the_effects_of_the_q ... | 961.2Kb | [PDF] | Ver/ | |