Are the cultural accounting values a relevant issue for the SMEs' financing options?
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| Formato: | Artículo científico |
| Lenguaje: | en |
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Universidad Nacional Autónoma de México
2017
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| _version_ | 1876481090362802176 |
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| author | Fabio Albuquerque |
| author_facet | Fabio Albuquerque |
| contents | Are the cultural accounting values a relevant issue for the SMEs' financing options? Fabio Albuquerque Joaquín Texeira Quirós Rosário Justino Administración y Contabilidad SMEs Secrecy Financing Conservatism JEL classification: G32 This paper aims to examine the financing options of the managers/owners of SMEs (small and medium-sized companies) from a point of view that incorporates cultural values, namely, conservatism and secrecy. Data were collected with the use of a questionnaire conducted for managers/owners of a sample of 1629 Portuguese SMEs, and with the use of accounting and financial information from the period 2009 to 2011. 438 managers/owners provided valid answers, corresponding to a response rate of 27%. Using multivariate regression techniques as a basis, the results showed that a significant number of managers/owners supported the negative relationship between conservatism/secrecy and the business financing options associated with a higher risk (debts with costs). The results also showed that a more significant number of managers/owners of national SMEs choose sources of financing in light of the pecking order theory. 2017 artículo científico 0186-1042 https://www.redalyc.org/articulo.oa?id=39554719015 https://www.redalyc.org/journal/395/39554719015/ https://www.redalyc.org/journal/395/39554719015/html/ https://www.redalyc.org/journal/395/39554719015/39554719015.epub https://www.redalyc.org/journal/395/39554719015/movil 10.1016/j.cya.2016.04.004 en http://www.redalyc.org/revista.oa?id=395 Contaduría y Administración application/pdf Universidad Nacional Autónoma de México Contaduría y Administración (México) Num.1 Vol.62 |
| format | Artículo científico |
| id | redalyc_39554719015 |
| institution | Redalyc |
| language | en |
| publishDate | 2017 |
| publisher | Universidad Nacional Autónoma de México |
| spellingShingle | Are the cultural accounting values a relevant issue for the SMEs' financing options? Fabio Albuquerque Administración y Contabilidad SMEs Secrecy Financing Conservatism JEL classification: G32 Are the cultural accounting values a relevant issue for the SMEs' financing options? Fabio Albuquerque Joaquín Texeira Quirós Rosário Justino Administración y Contabilidad SMEs Secrecy Financing Conservatism JEL classification: G32 This paper aims to examine the financing options of the managers/owners of SMEs (small and medium-sized companies) from a point of view that incorporates cultural values, namely, conservatism and secrecy. Data were collected with the use of a questionnaire conducted for managers/owners of a sample of 1629 Portuguese SMEs, and with the use of accounting and financial information from the period 2009 to 2011. 438 managers/owners provided valid answers, corresponding to a response rate of 27%. Using multivariate regression techniques as a basis, the results showed that a significant number of managers/owners supported the negative relationship between conservatism/secrecy and the business financing options associated with a higher risk (debts with costs). The results also showed that a more significant number of managers/owners of national SMEs choose sources of financing in light of the pecking order theory. 2017 artículo científico 0186-1042 https://www.redalyc.org/articulo.oa?id=39554719015 https://www.redalyc.org/journal/395/39554719015/ https://www.redalyc.org/journal/395/39554719015/html/ https://www.redalyc.org/journal/395/39554719015/39554719015.epub https://www.redalyc.org/journal/395/39554719015/movil 10.1016/j.cya.2016.04.004 en http://www.redalyc.org/revista.oa?id=395 Contaduría y Administración application/pdf Universidad Nacional Autónoma de México Contaduría y Administración (México) Num.1 Vol.62 |
| title | Are the cultural accounting values a relevant issue for the SMEs' financing options? |
| topic | Administración y Contabilidad SMEs Secrecy Financing Conservatism JEL classification: G32 |
| url | https://www.redalyc.org/articulo.oa?id=39554719015 https://www.redalyc.org/journal/395/39554719015/ https://www.redalyc.org/journal/395/39554719015/html/ https://www.redalyc.org/journal/395/39554719015/39554719015.epub https://www.redalyc.org/journal/395/39554719015/movil |