Wei, Zuobao; Varela, Oscar; Hassan, M. Kabir; D'Souza, … - 2010
This study examines the pre- and post-privatization financial and operating performance of 208 firms privatized in … sales efficiency, and significant declines in leverage following privatization, but no significant change in profitability … privatization experience significantly greater improvements in profitability, employment, and sales efficiency compared to those …