RT Journal Article SR Electronic T1 Effect of Private Equity on Performance of Indian
Companies: A Comparative Study of Pre- and
Post-Financial Crisis JF The Journal of Alternative Investments FD Institutional Investor Journals SP 19 OP 27 DO 10.3905/jai.2016.19.2.019 VO 19 IS 2 A1 Raj S. Dhankar A1 Kunjana Malik YR 2016 UL https://pm-research.com/content/19/2/19.abstract 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