TY - JOUR T1 - Earnings Quality of Private Equity-Backed and<br/>Non-Private Equity-Backed Firms in India JF - The Journal of Wealth Management SP - 53 LP - 61 DO - 10.3905/jwm.2017.20.1.053 VL - 20 IS - 1 AU - Raj S. Dhankar AU - Kunjana Malik Y1 - 2017/04/30 UR - https://pm-research.com/content/20/1/53.abstract N2 - Private equity (PE) investors provide a lot of funding, are actively involved in a company, and help earn high returns by taking a large amount of risk. India has been open to PE investment since 1998. During the financial crisis era, many companies shifted their focus toward PE financing, and many investments were made in India during 2007–2008. This article studies the earnings quality of PE-backed firms and non-PE-backed firms. The measures of earnings have been taken as the persistence effect of accruals and cash flows. The dataset has been arranged in a panel data form for a time period of 10 years, and the Heckman correction procedure was used to control endogeneity and sample selection bias.TOPICS: Private equity, emerging, statistical methods, performance measurement ER -