TY  - BOOK
AU  - Borysoff, Maria Nykyforovych
AU  - Mason, Paul
AU  - Utke, Steven
TI  - Understanding private equity funds: A gudie to private equity research in accounting 
SN  - 2380-2451
KW  - Private equity
KW  - Financial reporting
KW  - Disclosure
KW  - Fair value
KW  - Organizational structure
N1  - ABSTRACT: 

Private equity (PE) funds are increasingly important to the economy and now serve as the primary vehicle for raising new capital. However, a limited understanding of the unique PE fund setting among accounting academics inhibits accounting research in this area. In this paper, we first describe the PE fund setting and explain how fundamental differences between PE and previously studied settings make it difficult to infer PE fund behavior from research performed using other settings. We then discuss how PE funds provide researchers with the ability to explore fundamental questions related to agency costs, governance, compensation, disclosure, and fair value accounting. Finally, we provide guidance on PE data sources available for use in future research. Because of the volume of economic activity currently funneled through PE and the unique aspects of the PE setting, it is important for researchers to explore when, why, and how accounting matters for PE funds
ER  -