Using IFRS to understand the impact of the privatization on the firm’s performance: evidence from Europe

Hassan Obeid and Patrick Piget
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Patrick Piget: UP1 - Université Paris 1 Panthéon-Sorbonne, PRISM Sorbonne - Pôle de recherche interdisciplinaire en sciences du management - UP1 - Université Paris 1 Panthéon-Sorbonne

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Abstract: The aim of this paper is to assess the impact of privatization on the performance of privatized firms. The sample included 56 European firms over the period of 1996-2005. The methodology involved (1) comparing the ratios of privatized firms three years before and after privatization (Megginson et al., 1994) and (2) comparing the ratios of privatized firms with a sample of similar private firms three years before and after privatization (Albouy & Obeid, 2007). The ratios used in the study were consistent with the International Financial Reporting Standards. The results indicate that privatization had a positive impact on the ratios, although the effect was not statistically significant.

Keywords: European privatization; financial performance; IFRS (search for similar items in EconPapers)
Date: 2012
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Published in Investment Management and Financial Innovations, 2012, 9 (2), pp.136-145

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-03968877

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