The Milwaukee Journal Sentinel featured Kristian D. Allee, assistant professor of accounting and information systems, in an article about the benefits for companies that remain privately held in an age where many large enterprises choose to go public.
In the piece, titled “Companies that avoid Wall Street often reap bigger profits,” Allee explains that one key advantage private companies hold over public companies is that they can withhold information that competitors could use against them. Private companies also face less stringent requirements for financial reporting and more relaxed taxation, and these lax reporting requirements lead to higher profits.
“That’s what we find,” Allee said. “It’s pretty interesting stuff.”
To read the full article, visit the Journal Sentinel