Based on a panel of Italian SMEs over the period 2004–2012, we investigate the relationship between earnings quality and the cost of debt . We find a negative association between accruals quality and the cost of debt for SMEs . The results hold even when controlling for different measures of accruals quality, alternative determinants of bank debt and the potential endogeneity between leverage and earnings quality.
Autori: | ||
Data di pubblicazione: | 2017 | |
Titolo: | Earnings Quality and the Cost of Debt of SMEs | |
Titolo del libro: | Financial Markets, SME Financing and Emerging Economies | |
Digital Object Identifier (DOI): | http://dx.doi.org/10.1007/978-3-319-54891-3 | |
Appare nelle tipologie: | 3.1 Articolo su libro |
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Beltrame et al. (2017) capitolo.pdf | Versione dell'editore | Accesso chiuso-personale | Riservato |
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