Evaluating Governmental Corporations Financial Performance after Privatization in Tehran Stock Exchange

Document Type : Original Article

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10.22034/iaar.2014.104394

Abstract

Privatization as a economic policy bases on private ownership and control is more efficient than public ownership. According to rapid growth of large scale governmental corporations (norm44), evaluating their IPO can explain importance of this paper.
The Fama and French regression model shows the intercept has no significant different from zero. So we can conclude IPO return equals to market index return.

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Accounting and Auditing Research
Volume 6, Issue 22
July 2014
Pages 140-155

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