Information disclosure and SME financing: A study of firms in the ASEAN region
Ei Ei Thein,
Atsushi Niigata,
Kazuo Inaba
Abstract:This study investigates the impact of information and communication technology (ICT) and audited financial statements on small and medium enterprise (SME) financing, as well as their influence on SMEs’ collateral issues in acquiring bank loans, based on the information asymmetry theory. The study applies the ordinary least squares (OLS) test, the two-stage least squares test, and the probit regression model for the analysis. The sample consists of 12,165 firms in eight ASEAN countries between 2009 and 2018. Th… Show more
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