The Role of government ownership on the financial and economic measures of firm performance -using fuzzy regression

Undoubtedly one of the best ways to analyze the impact of government ownership of the company's performance is compare the performance of government agencies and private companies. The aim of this study was to evaluate the effect of government ownership of the economic and financial performance of the company.
The samples included 150 companies during 2010 to 2014 and fuzzy regression was used to test the hypotheses. In this study, return on assets as a measure of financial performance and economic value added as a measure of economic performance is considered. In addition, the firm size and the financial leverage as control variables in the statistical model is intended.
The results showed no significant relationship between state ownership and economic and financial performance of the company. The test results also show that the positive relationship between firm size with the financial and economic performance and negative relationship between financial leverage with the financial and economic performance.