Survey of Governmental Effect on Financial Function (Profitability)

Subject Areas : Futurology

P. Saidi ¹ , J. Ghezelsefloo ²

1 - نویسنده مسئول یا طرف مکاتبه
2 - ندارد

Received: 2008-06-01 Accepted : 2008-12-20 Published : 2011-03-21

Keywords: Privatization, Profitability, return on assets, return on equity, Return on Sale,

Abstract :

This paper investigates privatization including Return on Assets (ROA), Return on Equity (ROE) andReturn on Sale (ROS) in the Tehran stock exchange. From 1996 to 2004, 29 companies receivedgovernmental share in the private sector. This first sectorincludes two level cession using a Wilcoxonsinged rank test and regression in the OLS method and second sector three level cession using theFriedman test. The results shows that first sector financial function companies increase, and secondsector do not.