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dc.contributor.author
Georganou, Anna
en
dc.date.accessioned
2015-06-20T13:26:13Z
dc.date.available
2015-09-27T05:56:57Z
dc.date.issued
2015-06-20
dc.identifier.uri
https://repository.ihu.edu.gr//xmlui/handle/11544/473
dc.rights
Default License
dc.title
Firms’ Performance Pre and Post Privatization
en
heal.type
masterThesis
heal.keyword
Privatization--Europe--Case studies
en
heal.keyword
Privatization--Accounting
en
heal.keyword
Privatization--Finance
en
heal.keyword
Dissertations, Academic
en
heal.language
en
heal.access
free
el
heal.license
http://creativecommons.org/licenses/by-nc/4.0
heal.recordProvider
School of Economics, Business Administration and Legal Studies, MSc in Banking and Finance
heal.publicationDate
2013
heal.bibliographicCitation
Anna Georganou , 2013, Firms’ Performance Pre and Post Privatization, Master's Dissertation, International Hellenic University
en
heal.abstract
This thesis presents an analysis on 54 public European companies privatized between 1985 and 2009. The main purpose of the current dissertation is to examine whether privatizations by public companies led to a substantial improvement in their financial position. For our purpose, we use equality testing by comparing financial ratios surrounding the privatization year. Specifically, we utilize the t-student test and the Wilcoxon test for the total of the sample, in order to determine how the privatization process affected the economic performance of the privatized companies. The sample is divided in two subsets, one for the companies that have been privatized up to 50%, and one for the companies which have been privatized more than 50%. The empirical results on privatization appear to conclude that privatization leads to a more efficient distribution of services.
en
heal.tableOfContents
Abstract ...................................................................................................................... 2 Acknowledgements ................................................................................................... 3 Table of Contents ....................................................................................................... 4 List of Tables .............................................................................................................. 5 List of Abbreviations .................................................................................................. 5 Section 1 ..................................................................................................................... 6 Introduction ............................................................................................................... 6 Section 2 ..................................................................................................................... 8 Literature Review ...................................................................................................... 8 I. Definition of Privatization .................................................................................. 8 II. Characteristics of Privatization .......................................................................... 8 III. The role of financial market .............................................................................. 9 IV. Political characteristics ...................................................................................... 9 V. Firm-Specific Characteristics ............................................................................ 10 VI. Privatization in transition economies ............................................................. 10 Section 3 ................................................................................................................... 11 Empirical Evidence regarding privatization process............................................... 11 I. Government ownership and firm performance .............................................. 11 II. Privatized firms’ performance ......................................................................... 12 III. Privatization methods ..................................................................................... 14 Section 4 ................................................................................................................... 16 Sample selection ...................................................................................................... 16 Section 5 ................................................................................................................... 19 Methodology and Variables Employed .................................................................. 19 Section 6 ................................................................................................................... 24 Results ...................................................................................................................... 24 Discussion of findings .............................................................................................. 35 References ............................................................................................................... 36
en
heal.advisorName
Dasilas, Apostolos
en
heal.committeeMemberName
Leventis, Stergios
en
heal.committeeMemberName
Livanis, Efstratios
en
heal.committeeMemberName
Dasilas, Apostolos
en
heal.academicPublisher
School of Science &Technology, Master of Science (MSc) in Information and Communication Systems
el
heal.academicPublisherID
ihu
heal.numberOfPages
38
heal.fullTextAvailability
true


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