Abstract:An analysis of Indian CNX Nifty 100 companies uncovers the perils of opportunistic earnings management as crises affect balance sheets in FY2007 and FY2012, recession years around the Global Financial crisis. Only a small portion of the companies engage in sophisticated earnings management commensurate with performance.Operating accruals of the firm are synonymous with its Working Capital investment. These accruals measure Working Capital dependencies in financing growth and should instantiate on PPE investmen… Show more
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