Influences on Frequency of Preparation of Financial Statements Among SMEs
This paper examines factors that impact the frequency of financial statement preparation among a sample of 312 SMEs. Specifically, the study examines the relationship between how often financial statements are prepared and (1) whether the financial statements are used to make decisions and (2) owne...
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| Format: | Article |
| Language: | English |
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Universidade do Porto, Faculdade de Engenharia (FEUP)
2013-09-01
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| Series: | Journal of Innovation Management |
| Subjects: | |
| Online Access: | https://journalsojs3.fe.up.pt/index.php/jim/article/view/211 |
| _version_ | 1818951574428319744 |
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| author | Howard Van Auken |
| author_facet | Howard Van Auken |
| author_sort | Howard Van Auken |
| collection | DOAJ |
| description | This paper examines factors that impact the frequency of financial statement preparation among a sample of 312 SMEs. Specifically, the study examines the relationship between how often financial statements are prepared and (1) whether the financial statements are used to make decisions and (2) owners’ confidence in the reliability of their financial statements. Financial statements provide important information that should be used to help guide decisions. The findings showed that the frequency of financial statement preparation was directly associated with whether the financial statements were used to make decisions and inversely associated with owners’ confidence in the reliability of their financial statements. Additionally, the results showed that the frequency of financial statement preparation was directly associated with gender and size of community in which the firm was located. The results should be useful for owners of SMEs and providers of services to SMEs to better understand which factors affect how often financial statements are prepared and to provide business development assistance. |
| first_indexed | 2024-12-20T09:36:38Z |
| format | Article |
| id | doaj.art-11157e73d4ec45ff97867a6fa1df63fc |
| institution | Directory Open Access Journal |
| issn | 2183-0606 |
| language | English |
| last_indexed | 2024-12-20T09:36:38Z |
| publishDate | 2013-09-01 |
| publisher | Universidade do Porto, Faculdade de Engenharia (FEUP) |
| record_format | Article |
| series | Journal of Innovation Management |
| spelling | doaj.art-11157e73d4ec45ff97867a6fa1df63fc2022-12-21T19:44:59ZengUniversidade do Porto, Faculdade de Engenharia (FEUP)Journal of Innovation Management2183-06062013-09-011114315710.24840/2183-0606_001.001_0010211Influences on Frequency of Preparation of Financial Statements Among SMEsHoward Van Auken0Iowa State UniversityThis paper examines factors that impact the frequency of financial statement preparation among a sample of 312 SMEs. Specifically, the study examines the relationship between how often financial statements are prepared and (1) whether the financial statements are used to make decisions and (2) owners’ confidence in the reliability of their financial statements. Financial statements provide important information that should be used to help guide decisions. The findings showed that the frequency of financial statement preparation was directly associated with whether the financial statements were used to make decisions and inversely associated with owners’ confidence in the reliability of their financial statements. Additionally, the results showed that the frequency of financial statement preparation was directly associated with gender and size of community in which the firm was located. The results should be useful for owners of SMEs and providers of services to SMEs to better understand which factors affect how often financial statements are prepared and to provide business development assistance.https://journalsojs3.fe.up.pt/index.php/jim/article/view/211financingfinancial statementsdecision-making |
| spellingShingle | Howard Van Auken Influences on Frequency of Preparation of Financial Statements Among SMEs Journal of Innovation Management financing financial statements decision-making |
| title | Influences on Frequency of Preparation of Financial Statements Among SMEs |
| title_full | Influences on Frequency of Preparation of Financial Statements Among SMEs |
| title_fullStr | Influences on Frequency of Preparation of Financial Statements Among SMEs |
| title_full_unstemmed | Influences on Frequency of Preparation of Financial Statements Among SMEs |
| title_short | Influences on Frequency of Preparation of Financial Statements Among SMEs |
| title_sort | influences on frequency of preparation of financial statements among smes |
| topic | financing financial statements decision-making |
| url | https://journalsojs3.fe.up.pt/index.php/jim/article/view/211 |
| work_keys_str_mv | AT howardvanauken influencesonfrequencyofpreparationoffinancialstatementsamongsmes |