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...

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Authors: Palacín Sánchez, María José, Canto Cuevas, Francisco Javier, Di Pietro, Filippo
Format: article
Status:Published version
Publication Date:2021
Country:España
Institution:Universidad de Sevilla (US)
Repository:idUS. Depósito de Investigación de la Universidad de Sevilla
OAI Identifier:oai:idus.us.es:11441/128268
Online Access:https://hdl.handle.net/11441/128268
https://doi.org/10.1111/irfi.12363
Access Level:Open access
Keyword:Bank credit
Financial report quality
SME
Trade credit
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spelling Examining the effects of the quality of financial reports on SME trade credit: an innovative approachPalacín Sánchez, María JoséCanto Cuevas, Francisco JavierDi Pietro, FilippoBank creditFinancial report qualitySMETrade creditFollowing 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.Premio Mensual Publicación Científica Destacada de la US. Facultad de Turismo y FinanzasWileyEconomía Financiera y Dirección de Operaciones2021info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfapplication/pdfhttps://hdl.handle.net/11441/128268https://doi.org/10.1111/irfi.12363reponame:idUS. Depósito de Investigación de la Universidad de Sevillainstname:Universidad de Sevilla (US)InglésInternational Review of Financehttps://doi.org/10.1111/irfi.12363info:eu-repo/semantics/openAccessoai:idus.us.es:11441/1282682026-06-17T12:51:07Z
dc.title.none.fl_str_mv Examining the effects of the quality of financial reports on SME trade credit: an innovative approach
title Examining the effects of the quality of financial reports on SME trade credit: an innovative approach
spellingShingle Examining the effects of the quality of financial reports on SME trade credit: an innovative approach
Palacín Sánchez, María José
Bank credit
Financial report quality
SME
Trade credit
title_short Examining the effects of the quality of financial reports on SME trade credit: an innovative approach
title_full Examining the effects of the quality of financial reports on SME trade credit: an innovative approach
title_fullStr Examining the effects of the quality of financial reports on SME trade credit: an innovative approach
title_full_unstemmed Examining the effects of the quality of financial reports on SME trade credit: an innovative approach
title_sort Examining the effects of the quality of financial reports on SME trade credit: an innovative approach
dc.creator.none.fl_str_mv Palacín Sánchez, María José
Canto Cuevas, Francisco Javier
Di Pietro, Filippo
author Palacín Sánchez, María José
author_facet Palacín Sánchez, María José
Canto Cuevas, Francisco Javier
Di Pietro, Filippo
author_role author
author2 Canto Cuevas, Francisco Javier
Di Pietro, Filippo
author2_role author
author
dc.contributor.none.fl_str_mv Economía Financiera y Dirección de Operaciones
dc.subject.none.fl_str_mv Bank credit
Financial report quality
SME
Trade credit
topic Bank credit
Financial report quality
SME
Trade credit
description 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.
publishDate 2021
dc.date.none.fl_str_mv 2021
dc.type.none.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.none.fl_str_mv https://hdl.handle.net/11441/128268
https://doi.org/10.1111/irfi.12363
url https://hdl.handle.net/11441/128268
https://doi.org/10.1111/irfi.12363
dc.language.none.fl_str_mv Inglés
language_invalid_str_mv Inglés
dc.relation.none.fl_str_mv International Review of Finance
https://doi.org/10.1111/irfi.12363
dc.rights.none.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
application/pdf
dc.publisher.none.fl_str_mv Wiley
publisher.none.fl_str_mv Wiley
dc.source.none.fl_str_mv reponame:idUS. Depósito de Investigación de la Universidad de Sevilla
instname:Universidad de Sevilla (US)
instname_str Universidad de Sevilla (US)
reponame_str idUS. Depósito de Investigación de la Universidad de Sevilla
collection idUS. Depósito de Investigación de la Universidad de Sevilla
repository.name.fl_str_mv
repository.mail.fl_str_mv
_version_ 1869403133635985408
score 15,301603

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