Private Company Finance and Financial Reporting

2016 ICAEW Information for Better Markets Conference

Rotman School of Management Working Paper No. 2871542

53 Pages Posted: 19 Nov 2016 Last revised: 14 Apr 2017

See all articles by Ole-Kristian Hope

Ole-Kristian Hope

University of Toronto - Rotman School of Management

Dushyantkumar Vyas

University of Toronto - Rotman School of Management; University of Toronto at Mississauga

Multiple version iconThere are 2 versions of this paper

Date Written: February 18, 2017

Abstract

This article provides a comprehensive assessment of private firms’ financing sources and their relation with financial reporting practices. We consider debt financing (bank financing, leasing, and government guarantees), equity financing (family ownership, government ownership, employee ownership, and private-equity financing,), and trade credit (supplier credit and factoring). Our primary conclusions are that there is significant heterogeneity in the way in which private companies are financed that is influenced by their specific business contexts, and that this heterogeneity in financing is associated with differential demand for and supply of financial reporting.

Keywords: Private firms, financing, financial reporting quality, demand and supply factors

JEL Classification: G30, G32, G34, J54, L33, M40, M41

Suggested Citation

Hope, Ole-Kristian and Vyas, Dushyantkumar, Private Company Finance and Financial Reporting (February 18, 2017). 2016 ICAEW Information for Better Markets Conference, Rotman School of Management Working Paper No. 2871542, Available at SSRN: https://ssrn.com/abstract=2871542 or http://dx.doi.org/10.2139/ssrn.2871542

Ole-Kristian Hope (Contact Author)

University of Toronto - Rotman School of Management ( email )

105 St. George Street
Toronto, Ontario M5S 3E6 M5S1S4
Canada

HOME PAGE: http://www.rotman.utoronto.ca/FacultyAndResearch/Faculty/FacultyBios/Hope.aspx

Dushyantkumar Vyas

University of Toronto - Rotman School of Management ( email )

105 St. George Street
Toronto, Ontario M5S 3E6 M5S1S4
Canada

University of Toronto at Mississauga ( email )

3359 Mississauga Rd N.
3205 William Davis Building
Mississauga, Ontario L5L 1C6
Canada

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
272
Abstract Views
1,349
rank
58,279
PlumX Metrics