Exploratory Analysis of Privatization

Ghulam Samad () and Naseem Faraz ()
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Ghulam Samad: CAREC Institute
Naseem Faraz: Pakistan Institute of Development Economics

Chapter Chapter 4 in The Face of Privatization in Pakistan, 2024, pp 47-61 from Springer

Abstract: Abstract While privatization has led to improved rates of return on assets, but in general, non-profitability persisted, raising concerns about its effectiveness in enhancing efficiency, particularly in under-developed nations like Pakistan. Therefore, Chap. 4 provides an exploratory analysis of privatization in Pakistan, focusing on the performance, efficiency, competitiveness, and fiscal burden of SOEs before and after privatization. This chapter also evaluates various indicators such as rate of returns, net profit-to-asset ratio, and concentration ratios to assess the impact of privatization. Marginal gains in competitiveness post-privatization were observed, but market power still existed for the privatized firms. The chapter also discusses the fiscal impact and notes partial relief following privatization. Overall, it emphasizes the need for a clear approach to address the issues faced by SOEs, while emphasizing that further empirical analysis is required due to complexities surrounding privatization efforts.

Keywords: Privatization program; Deregulation; Disinvestment; Economic reforms; Efficiency (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-97-8385-4_4

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DOI: 10.1007/978-981-97-8385-4_4

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