Survey the Effect of Privatization on Financial and Operating Performance of Privatized Governmental Entities that Listed in Tehran Stock Exchange
Author(s):
Abstract:
We study the effect of privatization on financial and operating performance of Iranian governmental entities that privatized during 2007-2013. The purpose of this study is investigation the success of privatization program in reaching performance improvements. In this study the performance of firms that privatized by share offering tested by earnings quality, profitability, liquidity, operating efficiency, capital investment and employment indexes. The innovation of this study was initial use of earnings quality index in Iranian privatization researches. Dechow and Dichev (2002) model used to measure of earnings quality. The compare means for paired samples test used for each hypothesis. The earnings quality index and sales to employment ratio were significantly lower than before privatization period. The net income to employment ratio as other operating efficiency factor was significantly upper than before privatization period. Other indexes dont show significant differences. The general result of this research is that the privatizing of Iranian governmental entities by public offering method has not been successful.
Keywords:
Language:
Persian
Published:
Journal of Governmental Accounting, Volume:2 Issue: 1, 2016
Pages:
31 to 40
magiran.com/p1509556
دانلود و مطالعه متن این مقاله با یکی از روشهای زیر امکان پذیر است:
اشتراک شخصی
با عضویت و پرداخت آنلاین حق اشتراک یکساله به مبلغ 1,390,000ريال میتوانید 70 عنوان مطلب دانلود کنید!
اشتراک سازمانی
به کتابخانه دانشگاه یا محل کار خود پیشنهاد کنید تا اشتراک سازمانی این پایگاه را برای دسترسی نامحدود همه کاربران به متن مطالب تهیه نمایند!
توجه!
- حق عضویت دریافتی صرف حمایت از نشریات عضو و نگهداری، تکمیل و توسعه مگیران میشود.
- پرداخت حق اشتراک و دانلود مقالات اجازه بازنشر آن در سایر رسانههای چاپی و دیجیتال را به کاربر نمیدهد.
In order to view content subscription is required
Personal subscription
Subscribe magiran.com for 70 € euros via PayPal and download 70 articles during a year.
Organization subscription
Please contact us to subscribe your university or library for unlimited access!