TY - JOUR T1 - Effect of Private Equity on Performance of Indian<br/>Companies: <em>A Comparative Study of Pre- and</em> <br/> <em>Post-Financial Crisis</em> JF - The Journal of Alternative Investments SP - 19 LP - 27 DO - 10.3905/jai.2016.19.2.019 VL - 19 IS - 2 AU - Raj S. Dhankar AU - Kunjana Malik Y1 - 2016/09/30 UR - https://pm-research.com/content/19/2/19.abstract N2 - 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 ER -