This Finance survey examines (a) The large increase in the market for private credit as a substitute for bank finance substantially reduces systemic risk; (b) The growth in private credit is substantially higher because of regulations that disincentivize banks from lending to below investment grade private businesses
Keyword: private firms
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This Finance survey examines (a) The lower willingness of private firms to go public, combined with the increased number of publicly traded firms being taken private over the last 25 years, is measurably net negative for economic growth; (b) All else equal, reducing regulatory barriers (including reporting requirements such as Sarbanes Oxley 404) to public listing would substantially increase the share of publicly traded firms in the economy; (c) The lack of transparency about unlisted private firms' financial performance substantially hinders the efficiency of the allocation of capital
This US survey examines (a) The lower willingness of private firms to go public, combined with the increased number of publicly traded firms being taken private over the last 25 years, is measurably net negative for economic growth; (b) All else equal, reducing regulatory barriers (including reporting requirements such as Sarbanes Oxley 404) to public listing would substantially increase the share of publicly traded firms in the economy; (c) The lack of transparency about unlisted private firms' financial performance substantially hinders the efficiency of the allocation of capital
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