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<p>This study explores the relationship between competitive advantage, ownership structure, and real earnings management (REM) in the Indian business context. Using a panel dataset spanning sixteen years (2004–2019), we find that firms affiliated with business groups engage in higher levels of REM compared to standalone firms. The analysis reveals that within business group-owned firms, REM is higher when competitive advantage is low but decreases as competitive advantage increases. Additionally, our study introduces an industry dominance index and demonstrates that business group dominance moderates the relationship between competitive rivalry and REM. Specifically, industries dominated by business groups exhibit increased REM when competitive rivalry is low and reduced REM when rivalry is high. These findings highlight the complex interplay between firm-level characteristics, industry dynamics, and ownership structure in influencing real earnings management practices in emerging markets.</p>

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Competitive advantage, ownership structure, and real earnings management: the role of business group dominance in emerging markets

  • 期刊论文

  • 发表日期：

    2026年2月13日

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  • Ranjitha Ajay,
  • Suresh Srinivasan,
  • Surendranath Rakesh

摘要

This study explores the relationship between competitive advantage, ownership structure, and real earnings management (REM) in the Indian business context. Using a panel dataset spanning sixteen years (2004–2019), we find that firms affiliated with business groups engage in higher levels of REM compared to standalone firms. The analysis reveals that within business group-owned firms, REM is higher when competitive advantage is low but decreases as competitive advantage increases. Additionally, our study introduces an industry dominance index and demonstrates that business group dominance moderates the relationship between competitive rivalry and REM. Specifically, industries dominated by business groups exhibit increased REM when competitive rivalry is low and reduced REM when rivalry is high. These findings highlight the complex interplay between firm-level characteristics, industry dynamics, and ownership structure in influencing real earnings management practices in emerging markets.