A Comparative Analysis of Pre and Post Privatization Performances of State Owned Enterprises (SOEs): the Case of Chemical Industry
| dc.contributor.advisor | Berhanu, Elias (PhD) | |
| dc.contributor.author | Tesfaye, Binyam | |
| dc.date.accessioned | 2018-07-10T06:15:20Z | |
| dc.date.accessioned | 2023-11-04T10:20:57Z | |
| dc.date.available | 2018-07-10T06:15:20Z | |
| dc.date.available | 2023-11-04T10:20:57Z | |
| dc.date.issued | 2015-11 | |
| dc.description.abstract | This paper is intended to examine the pre and post privatization performance of privatized SOEs in the Chemical Industry of Ethiopia. The main concern is to see the financial and operational performances of the case enterprises. The study is based on literature review and used secondary data predominantly. Moreover, some primary data sources were used. Four case firms namely: Alkyd Resin S.C, Addis Ababa Foam and Plastic, Nefas Silk Paint and Addis Ababa Bottle and Glass Factories were taken as point of the study. Primary data were gathered from the respective firms through interview and Annual Audited Financial Reports were reviewed as secondary data source. The study summarizes the privatization performance of the case enterprises in terms of profitability and efficiency measures. The empirical evidence on the financial and operating performances of the privatized enterprises shows a mixed result. The result suggests that the profitability indicators ROS and ROA on average showed a better performance while ROE on average showed a decline. The efficiency measures both sales and income efficiency showed a better performance in all the case firms and the industry [case firms taken as industry] as a whole. While the efficiency measures in terms of the total and fixed asset turnover exhibited a declined performance. The performance indicators as measured by changes in output, change in employment has on average showed a positive increment. The leverage, as expected as in the literature, resulted in a decline at industry level. The current ratio has also improved after privatization. Moreover, the results indicated an increase in production per employee. The findings of this research showed a mixed impact of privatization over firms’ performance | en_US |
| dc.identifier.uri | http://etd.aau.edu.et/handle/123456789/7468 | |
| dc.language.iso | en_US | en_US |
| dc.publisher | Addis Ababa University | en_US |
| dc.subject | Chemical industry | en_US |
| dc.subject | SOEs | en_US |
| dc.subject | Owned enterprises | en_US |
| dc.title | A Comparative Analysis of Pre and Post Privatization Performances of State Owned Enterprises (SOEs): the Case of Chemical Industry | en_US |
| dc.type | Thesis | en_US |