The purpose of this study was to develop a new bankruptcy prediction framework that considers a wider range of factors beyond traditional financial ratios and improve the efficiency and accuracy of bankruptcy prediction models in the Indian ecosystem. The financial statements of three Indian...

I explore an unintended consequence of the recent Indian bankruptcy reform, the Insolvency and Bankruptcy Code, 2016 (IBC), on the sticky cost behaviour of firms. I find that while there exists stickiness among Indian firms, in general (i.e., costs increase by approximately 0.36% per 1% increase...

Purpose: Farmers have great importance in our country. They give us the stuff to consume, thus we are dependent on them. Since everyone requires healthy food to survive, farmers must be trusted. The agricultural industry is crucial to the country's economic development, food security, creation...

A sound audit practice is the backbone of any corporate governance system. It supports in making high-quality audit report which throws light on the true and fair view of accounts maintained by the companies. High-quality audit reports enhance the confidence in the minds of various stakeholders...

We examine the effect of related party transactions (RPTs) on audit fees in Indian public companies. RPTs can be used to manipulate financial statements as well as transfer wealth between firms and their related parties, and the presence of RPTs increases audit risk. We find that related party...