Document Type : Research Paper
Assistant Prof. Accounting, Islamic Azad University of Qazvin, Iran
Master of Accounting, Faculty of Management, University of Science and Research Campus, Qazvin, Iran
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.