Firms in Transition: A Review of the Venture Capital, IPO, and M&A Literature

A key area of research focuses on firms in transition, particularly those going public via initial public offerings, those growing via venture capital infusions, and acquirers and targets in merger and acquisition deals. In this article, we provide a review of research regarding firms in transition, with a primary focus on accounting-related research. As part of our review we include key contributions both in the Canadian context and internationally, and discuss areas to be considered for future research.