RT Journal Article
SR Electronic
T1 Earnings Quality of Private Equity-Backed and<br/>Non-Private Equity-Backed Firms in India
JF The Journal of Wealth Management
FD Institutional Investor Journals
SP 53
OP 61
DO 10.3905/jwm.2017.20.1.053
VO 20
IS 1
A1 Raj S. Dhankar
A1 Kunjana Malik
YR 2017
UL https://pm-research.com/content/20/1/53.abstract
AB 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