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