PT  - JOURNAL ARTICLE
AU  - Raj S. Dhankar
AU  - Kunjana Malik
TI  - Effect of Private Equity on Performance of Indian<br/>Companies: <em>A Comparative Study of Pre- and</em>
               <br/>
               <em>Post-Financial Crisis</em>
AID  - 10.3905/jai.2016.19.2.019
DP  - 2016 Sep 30
TA  - The Journal of Alternative Investments
PG  - 19--27
VI  - 19
IP  - 2
4099  - https://pm-research.com/content/19/2/19.short
4100  - https://pm-research.com/content/19/2/19.full
AB  - Private equity investors provide a significant amount of funding, are actively involved in the company, and help earn high returns by taking risks. India has been open to private equity investment since 1998. During the financial crisis era, when many companies shifted their focus toward private equity financing, many investments were made in India during the period 2007–2008. This article studies the earnings quality of private equity-backed firms and non-private equity-backed firms. Measures of earnings are taken as a 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 [1979] correction procedure has been used to control endogeneity and sample selection bias.TOPICS: Private equity, emerging, performance measurement