Business, Management and Accounting
6 years ago

Audited financial statements increase access to credit in developing economies.

SSRN Electronic Journal
The Role of Financial Reporting Quality in Worldwide Access to Credit
Rebel A. Cole, Tracie Frost

Paper Summary

Related papers

Economics, Econometrics and Finance
3 years ago

Corporate credit management revolutionizes banking industry, reduces financial risks significantly.

Economic Recovery
Development Assessment
Innovation Security
2 views
Economics, Econometrics and Finance
4 years ago

Credit Reporting Crucial for COVID-19 Recovery, Governments Urged to Act

COVID-19 Impacts
1 view
Theme background image
Computer Science
7 years ago

Improved credit information boosts small firms' access to finance worldwide.

Financial Access
1 view

Firms with better financial reporting are more likely to get credit, especially in developing countries. Audited financial statements help reduce information gaps between lenders and firms, making it easier for businesses to access credit. This means that having audited financial statements can increase a company's chances of getting a loan, especially in countries with weaker financial systems.