دانلود رایگان مقاله انگلیسی تأثیر ریسک پیش فرض و کیفیت اطلاعات حسابداری بر تصمیم برای اعطای اعتبار به SMEs - اشپرینگر 2017

Abstract

The present study analyses the influence that perceived default risk and accounting information quality have on the process of credit granting to small- and medium-sized enterprises (SMEs). Empirical evidence was obtained from a survey of 471 bank loan officers in Spain, in which they were asked to answer questions relating to audited and not-audited firms. Through a structural equations modeling (SEM) approach, the results confirm that the likelihood that the loan officers are more willing to provide access to credit to SMEs, and to do so in more favourable conditions, is negatively influenced by perceived default risk and positively influenced by the general perception about accounting information quality. Besides, we find that information quality is an antecedent of perceived risk, so that the latter becomes the central element of the research model. Additionally, the perceptions of the decision-makers regarding all the analysed variables are better for the audited SMEs than for the unaudited ones.

Conclusions

This study analyses the effect of perceived default risk and accounting information quality on bank loan officers’ decision to grant credit to SMEs. Additionally, this study takes into account the possible effect of external audit, given that an external auditor is expected to provide different stakeholders of the firm with independent assurance concerning the accuracy of the financial statements, the non-existence of financial statements fraud, and the going concern status, thus improving accounting information quality and lessening perceived default risk.