Accounting Research on Private Firms: State of the Art and Future Directions

IF 2 Q2 BUSINESS, FINANCE
Sasson Bar-Yosef, Carlo D’Augusta, A. Prencipe
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引用次数: 17

Abstract

Private companies play a significant role and are the main growth engine of the global economy. Yet, until recently, empirical research in accounting has focused primarily on public companies. Over the last few years, we have observed a change in trend. Accounting scholars have started researching private firms and have contributed to a better understanding of their accounting decisions. This growing attention is likely due to a better availability of public data and to the fact that several regulators issued specific regulations on private firms’ financial reporting. In this paper, we analyze the state of the art of accounting research in this area. We review 95 papers published in 21 accounting journals over the period 1986–2018. After looking into the definition of private firms, we highlight the role of the private firm status in the research design, classify each paper into four main research areas (i.e., financial accounting, taxation, auditing, and valuation) and discuss the main contributions. We argue that the current state of accounting research on private firms — although quite rich — is still insufficient in light of the relevance of such a segment of the world economy. After soliciting additional research, we devise possible venues for future studies.
民营企业会计研究的现状与发展方向
私营企业发挥着重要作用,是全球经济的主要增长引擎。然而,直到最近,会计方面的实证研究主要集中在上市公司。在过去的几年里,我们观察到趋势发生了变化。会计学者已经开始研究私营企业,并有助于更好地理解它们的会计决策。这种日益增长的关注可能是由于公共数据的可用性更好,以及一些监管机构对私营公司的财务报告发布了具体规定。在本文中,我们分析了这一领域的会计研究现状。我们回顾了1986年至2018年期间发表在21种会计期刊上的95篇论文。在研究了私营企业的定义之后,我们强调了私营企业在研究设计中的作用,将每篇论文分为四个主要研究领域(即财务会计、税收、审计和估值),并讨论了主要贡献。我们认为,目前对私营公司的会计研究状况-尽管相当丰富-鉴于世界经济中这样一个部分的相关性仍然不足。在征求更多的研究后,我们为未来的研究设计可能的场所。
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来源期刊
CiteScore
1.20
自引率
0.00%
发文量
19
期刊介绍: The aim of The International Journal of Accounting is to advance the academic and professional understanding of accounting theory, policies and practice from the international perspective and viewpoint. The Journal editorial recognizes that international accounting is influenced by a variety of forces, e.g., governmental, political and economic. Thus, the primary criterion for manuscript evaluation is the incremental contribution to international accounting literature and the forces that impact the field. The Journal aims at understanding the present and potential ability of accounting to aid in analyzing and interpreting international economic transactions and the economic consequences of such reporting. These transactions may be within a profit or non-profit environment. The Journal encourages a broad view of the origins and development of accounting with an emphasis on its functions in an increasingly interdependent global economy. The Journal also welcomes manuscripts that help explain current international accounting practices, with related theoretical justifications, and identify criticisms of current policies and practice. Other than occasional commissioned papers or special issues, all the manuscripts published in the Journal are selected by the editors after the normal double-blind refereeing process.
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