due to the inefficiency emerging from the public owned enterprises activities, privatization was implemented as an instrument to improve the economic performance of the public enterprises in iran. the policies designed in the first five year plan and its 32 note have been considered as first legal, lawful, policy orientation guidances to examine the financial and operational profile of the publ...

We extend the current empirical literature on privatization by exploring the effect of ultimate privatization on the performance of Chinese listed companies. Ultimate privatization is defined as the incidence of transferring the ultimate control of a state-owned company from the government to private owners. Using a sample of 127 Chinese listed companies that have had controlling blocks transfe...

This paper seeks to contribute to the ongoing controversy on the distributional effects of structural reforms in developing countries. We set-up a small-scale macroeconomic model of a dual economy to capture the transmission mechanisms through which the deregulation of product and factor markets, opening up to international trade and foreign direct investment, and the privatization of public co...

In many countries, particularly developing countries, economic reforms, especially privatization, are considered as a strategic approach. The growth of the government decreases the competition in the market, and so, some fields should be privatized in order to create the competition.  By moving towards privatization and the changes in competition methods and the presentation of the World Trade,...

Different from the typical findings in the privatization literature, this study of 31 Singapore government-linked companies (GLCs) covering a period from 1975 to1998 shows no significant changes in performance upon share issue privatization. Also, there is no evidence that the GLCs are less profitable than a selected group of non-GLCs that match by size and industry. Taking a buy-andhold strate...

in many countries, particularly developing countries, economic reforms, especially privatization, are considered as a strategic approach. the growth of the government decreases the competition in the market, and so, some fields should be privatized in order to create the competition.  by moving towards privatization and the changes in competition methods and the presentation of the world trade,...

While most technical assessments classify privatization as a success, it remains widely and increasingly unpopular, largely because of the perception that it is fundamentally unfair, both in conception and execution. We review the increasing (but still uneven) literature and conclude that most privatization programs appear to have worsened the distribution of assets and income, at least in the ...

• issuance of 147,000,000 privatization checks (vouchers) as freely transferable bearer securities, accepted by the State as payment for shares of privatized enterprises (huge educational effect, redistribution of ownership and creation of the securities market); • massive transformation of state-owned enterprises into joint-stock companies and issue of shares of privatized enterprises; • vouch...

This report is part of a series of working papers published under the ILO's Action Programme on Privatization, Restructuring and Economic Democracy for use by governments, workers' organizations, employers' organizations, development agencies, consultants, academics and managers. The ILO is particularly interested in the social aspects of privatization, structural adjustment and economic transf...