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Ponte Academic Journal
Aug 2016, Volume 72, Issue 8

PRIVATIZATION AND CORPORATE PERFORMANCE

Author(s): Bassam Abu-Abbas

J. Ponte - Aug 2016 - Volume 72 - Issue 8
doi: 10.21506/j.ponte.2016.8.24



Abstract:
This study investigates the effect of privatization on corporate performance in the mining, financial and services sectors in Jordan as a case study of privatization experience of an emerging market. The study includes six Jordanian companies during the period 1995-2015. Two types of empirical tests are performed; Parametric Mean Differences and Non-parametric Wilcoxon Signed Ranks Sum Test. Empirical results conclude that there is a positive impact of privatization on output, operational efficiency measures, while a negative effect on level of leverage and level of employment.
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