Entrepreneurial Finance and Economic Growth

Although the Canadian financial industry cannot be held responsible for all the shortcomings in Canada’s performance, there is no escaping that a disconnect seems to exist between the generally favourable assessment of the effectiveness and strength of the Canadian financial industry and the overall competitiveness of the Canadian economy in the short and long run. [...] The analysis in this Commentary is based, in part, on the information concerning Canadian private The CVCA database of private capital deals equity deals provided the Canadian Venture identifies the investor firm and its location, and Private Equity Association (CVCA) by the investors, the dates of announcement and Participating Data Contributors for the 2013–June conclusion of the deal, the type [...] The provisions of the Québec Civil Code governing the priorities, rights and obligations of secured or hypothecary creditors, including the right of a secured creditor following a default by the debtor, are not so different in their effect as those applicable in other provinces to explain the wide difference in the type of private equity financing. [...] The work phases by other means than equity because blame for the evanescing number of IPOs in the of the lack of collateral, Canadian companies in United States was first attributed to the substantial the mining and oil and gas sectors accounted for costs arising from the mandated regulations of the close to 41.0 percent of TSX Canadian-listed Sarbanes-Oxley Act of 2002, which imposed a heavy oper [...] It is noteworthy that of the private company by issuing to the private almost 20 percent of the S&P/TSX Composite company’s shareholders a significant number of Index and over 10 percent of TSX-listed companies shares in the public company equivalent in value to with a market capitalization greater than $1 billion the assets or operations of the private company.