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Private company finance and financial reporting

Author

Listed:
  • Ole-Kristian Hope
  • Dushyantkumar Vyas

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.

Suggested Citation

  • Ole-Kristian Hope & Dushyantkumar Vyas, 2017. "Private company finance and financial reporting," Accounting and Business Research, Taylor & Francis Journals, vol. 47(5), pages 506-537, July.
    • Handle: RePEc:taf:acctbr:v:47:y:2017:i:5:p:506-537
    DOI: 10.1080/00014788.2017.1303963
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    References listed on IDEAS

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    1. Oecd, 2006. "The SME Financing Gap: Theory and Evidence," Financial Market Trends, OECD Publishing, vol. 2006(2), pages 89-97.
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