The privatization effects on Iran insurance industry

Mohammad Karimi, Ali Cheshomi and Behzad Hassannezhad Kashani

MPRA Paper from University Library of Munich, Germany

Abstract: Two methods of privatization through ownership transfer and privatization from below are more proper than other ones. The privatization program in Iran insurance industry is performed through privatization from below initiated from 2000 and proceeded in recent years by ownership transfer according to general policies of Iran Law. This paper shows how privatization from below is effective more than ownership privatization in competition extension in insurance industry and spread of its supporting businesses. This method have had more effects on insurance industry by extending insurance industry practices, leading to differentiation in insurance products, improving public firms' performance and extending insurance relevant businesses.

Keywords: privatization from below; competition; business atmosphere; insurance industry performance (search for similar items in EconPapers)
JEL-codes: G22 G28 (search for similar items in EconPapers)
Date: 2010
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Published in International Journal of Economics and Finance Studies 2.2(2010): pp. 79-86

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