This study, conducted with a sample of Vietnam non-financial listed firms during the period from 2008 to 2015, investigates the impact of accruals quality in the access to bank debt. The result illustrate a positive association between accruals quality and bank debt, even when controlling for other determinants of bank debt and for possible endogeneity between bank debt and accruals quality, which suggests that higher precision of earnings reduces information asymmetries with banks and favors the access of firms to bank loans. |
