The aim of this paper is to determine the impacts of control privatization on financial situation and performance of the firms transferred to private sector in IRAN. Using data pertinent to 140 public firms privatized during 2001 to 2012, it was examined whether control privatization had any positive impacts on the selected measures. To this end, multivariate regression models were used. Research findings showed that: 1. Privatization do not lead to decreased large shareholder expropriation; 2. Privatization do not lead to decreased government debt; 3. Privatization leads to increased productivity of employees; and 4. Privatization leads to improved firms performance. These results can describe how public policy makers improve poor performance of firms by control privatization.
Maham, K., & Tanha, F. (2014). Control Privatization, Corporate Governance and Firm Performance. Accounting and Auditing Review, 21(3), 349-370. doi: 10.22059/acctgrev.2014.52096
Maham, K., Tanha, F. (2014). 'Control Privatization, Corporate Governance and Firm Performance', Accounting and Auditing Review, 21(3), pp. 349-370. doi: 10.22059/acctgrev.2014.52096
VANCOUVER
Maham, K., Tanha, F. Control Privatization, Corporate Governance and Firm Performance. Accounting and Auditing Review, 2014; 21(3): 349-370. doi: 10.22059/acctgrev.2014.52096
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