Palka Chhillar's research while affiliated with O.P. Jindal Global University and other places

Publications (3)

Article
Full-text available
Globally, the unravelling of the corporate scandals leading to big multinational firms stumbling down to bankruptcy suits caused enormous loss of wealth to the investors. This study explores how the earnings management and capital structure can signal an early stage of the distressed financial condition of firms during the firm life cycle in Indian...
Article
This article is a field case on business valuation woven around the dilemma for a young EdTech firm to choose between the two opportunities that came out as collaterals to the nCOVID-19 pandemic in 2020. The selection would be based on the principle of firm value maximization, for which the opportunities needed to be valued. Students will learn the...
Article
Purpose – This review paper aims to compare the various dimensions in the finance literature pertaining to the Anglo-Saxon Model (Stockholder Model) prevalent in the USA and the UK with the German Model (Stakeholder Model) of corporate governance prevalent in Germany and continental Europe. The present study identifies different strands of research...

Citations

... This has highlighted the ugly fact of firms being involved in unethical practices by camouflaging the unpleasant reality in their annual accounts, thereby pointing out earnings management worldwide, making it a topic of great inquisitiveness among the researchers and practitioners. Several studies have addressed the different aspects of earnings management practices in companies concerning various events, one of which is the firms' financial health (Chhillar, 2016;Habib et al., 2013;Li et al., 2020;among others). ...
... With respect to capital, the Anglo-American model is marked by dispersed equity shareholding along with delegation of corporate responsibilities to the management, which is governed by the BoD (Cernat, 2004 to gauge firm performance is 'market value'. However, this focus on shareholder wealth leads to profit-oriented behaviour with a short-term perspective (Cernat, 2004;Chhillar & Lellapalli, 2015). ...