Examining the effects of the quality of financial reports on SME trade credit: An innovative approach

IF 16.4 1区化学 Q1 CHEMISTRY, MULTIDISCIPLINARY

Accounts of Chemical Research Pub Date : 2021-08-09 DOI:10.1111/irfi.12363

María J. Palacín-Sánchez, Francisco J. Canto-Cuevas, Filippo di Pietro

引用次数: 1

Abstract

Following an innovative approach, the effects of financial report quality on the use of trade credit in small and medium-sized enterprises (SMEs) are examined. This effect is considered in a direct and indirect way. Firstly, we analyze whether SMEs with low-quality information are more likely to use trade credit as a financial resource. Secondly, we investigate whether the relationship between trade credit and bank credit in SMEs is moderated by the quality of financial reports. For the empirical analysis, we use a sample of Spanish SMEs over the period 2004 to 2011, and apply a panel data model with fixed effects. The findings suggest that firms with low-quality financial reporting use more trade credit. Furthermore, the influence of bank credit on trade credit is found to be partially moderated by audit opinion.

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检验财务报告质量对中小企业贸易信贷的影响:一种创新方法

遵循创新的方法，财务报告质量对中小企业(SMEs)使用贸易信贷的影响进行了审查。这种影响可以从直接和间接两方面来考虑。首先，我们分析了信息质量低的中小企业是否更倾向于使用贸易信贷作为融资资源。其次，我们考察了中小企业贸易信贷和银行信贷之间的关系是否受到财务报告质量的调节。在实证分析中，我们以2004 - 2011年的西班牙中小企业为样本，采用固定效应面板数据模型。研究结果表明，低质量财务报告的公司使用更多的贸易信贷。此外，审计意见对银行信贷对贸易信贷的影响有部分调节作用。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Accounts of Chemical Research 化学-化学综合

CiteScore

31.40

自引率

1.10%

发文量

312

审稿时长

2 months

期刊介绍： Accounts of Chemical Research presents short, concise and critical articles offering easy-to-read overviews of basic research and applications in all areas of chemistry and biochemistry. These short reviews focus on research from the author’s own laboratory and are designed to teach the reader about a research project. In addition, Accounts of Chemical Research publishes commentaries that give an informed opinion on a current research problem. Special Issues online are devoted to a single topic of unusual activity and significance. Accounts of Chemical Research replaces the traditional article abstract with an article "Conspectus." These entries synopsize the research affording the reader a closer look at the content and significance of an article. Through this provision of a more detailed description of the article contents, the Conspectus enhances the article's discoverability by search engines and the exposure for the research.