<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>0186-1042</journal-id>
<journal-title><![CDATA[Contaduría y administración]]></journal-title>
<abbrev-journal-title><![CDATA[Contad. Adm]]></abbrev-journal-title>
<issn>0186-1042</issn>
<publisher>
<publisher-name><![CDATA[Universidad Nacional Autónoma de México, Facultad de Contaduría y Administración]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S0186-10422017000100279</article-id>
<article-id pub-id-type="doi">10.1016/j.cya.2016.04.004</article-id>
<title-group>
<article-title xml:lang="en"><![CDATA[Are the cultural accounting values a relevant issue for the SMEs' financing options?]]></article-title>
<article-title xml:lang="es"><![CDATA[¿Son los valores culturales de la contabilidade una cuestión relevante en las opciones de financiamiento de las pyme?]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Albuquerque]]></surname>
<given-names><![CDATA[Fabio]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Quirós]]></surname>
<given-names><![CDATA[Joaquín Texeira]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Justino]]></surname>
<given-names><![CDATA[Rosário]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Instituto Politécnico de Lisboa  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Portugal</country>
</aff>
<aff id="Af2">
<institution><![CDATA[,Universidade Autonoma de Lisboa  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Portugal</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>03</month>
<year>2017</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>03</month>
<year>2017</year>
</pub-date>
<volume>62</volume>
<numero>1</numero>
<fpage>279</fpage>
<lpage>298</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S0186-10422017000100279&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S0186-10422017000100279&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S0186-10422017000100279&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract: 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.]]></p></abstract>
<abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen: El presente artículo tiene como objetivo examinar las opciones de financiamiento de los administradores y propietarios de las Pymes incorporando en el análisis los valores culturales relacionados con el conservadurismo y el secreto. Los datos fueron recogidos mediante un cuestionario realizado a los administradores y propietarios de una muestra de 1,629 pymes líderes en Portugal. También se analizó la información contable y financiera entre los ejercicios 2009 a 2011, habiendo obtenido 438 respuestas, lo que supone un 27%, que valida la misma. Basado en técnicas de regresión multivariante, los resultados muestran una correlación negativa entre el conservadurismo y el secreto, analizados en conjunto, y las opciones de financiamiento de las empresas relacionadas con un mayor riesgo, o sea, una financiamiento con costos. También se verifica una correlación entre la selección de las fuentes de financiamiento de las Pymes a la luz de la teoría de jerarquía de las preferencias de capital.]]></p></abstract>
<kwd-group>
<kwd lng="en"><![CDATA[Conservatism]]></kwd>
<kwd lng="en"><![CDATA[Financing]]></kwd>
<kwd lng="en"><![CDATA[Secrecy]]></kwd>
<kwd lng="en"><![CDATA[SMEs]]></kwd>
<kwd lng="en"><![CDATA[G32]]></kwd>
<kwd lng="es"><![CDATA[Conservadurismo]]></kwd>
<kwd lng="es"><![CDATA[Financiación]]></kwd>
<kwd lng="es"><![CDATA[Pymes]]></kwd>
<kwd lng="es"><![CDATA[Secreto]]></kwd>
<kwd lng="es"><![CDATA[G32]]></kwd>
</kwd-group>
</article-meta>
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