Performance Analysis of Companies, Transferred to Private Sector (through stock exchange) During the Third Development Plan

اقتصاد پولی مالی

Article 4, Volume 17, Issue 33, January 2011   

Document Type: پژوهشی

DOI: 10.22067/pm.v17i33.27304

Authors

Mahmood Hoshmand^* ; Mohammad Farmanbar; Mohammad Keivanfar

Abstract

Privatization is a process in which the ownership of governmental economic enterprises is transferred to private sector. According to other countries’ experiences and discussed economic theories over the past decades, privatization has improved the performance of companies and economic enterprises. In this study, financial ratios of companies were used as their performance indicators. This paper studies the function of companies that were assigned to private sector in Iran, before and after assignment. Results show that performance indicators of companies that transferred to private sector through stock exchange did not improve during the two following years after that.

Keywords

Privatization; Stock Exchange; Financial Ratio of Companies; Performance Indicators