Accounting and Auditing Research

Accounting and Auditing Research

Evaluating Governmental Corporations Financial Performance after Privatization in Tehran Stock Exchange

Document Type : Original Article

Authors
Saeid Mirzamohammadi
Seyed Ali Seyed Khosroshahi
Alireza Deliri
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.
Keywords
governmental corporations
privatization
initial offering
financial performance
Accounting and Auditing Research
Volume 6, Issue 22
Summer 2014
Pages 140-155