Год выпуска: 2012 Автор: Ayele Mamo Tesfaye and Aregawi G/Michael Издательство: LAP Lambert Academic Publishing Страниц: 152 ISBN: 9783659171475
Описание
According to the study privatization has significant negative impact on firms profitability but positive impact on firms’ efficiency in terms of net income, sales and cost efficiency. Liquidity and capital spending are show an increase but not significantly. Total debts and employment show reduction after privatization. From post-privatization ownership identities, foreign ownership has large negative impact on firms’ profitability but large positive impact on efficiency and liquidity than domestic ownership. And also foreign ownership largely increase capital spending and largely reduce financial leverage and employment than domestic ownership. Finally, the study suggested that the privatized enterprises further focus on employee training, cost control and employ relevant technology to improve their financial and operating performance and further reform measures should be initiated to import new machinery,equipments’ and raw materials for companies their machines’ and equipments...
