Privatization,Profitability and operating efficiency - Haile, Muluken Alemu
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Although privatization has turned in to world phenomena, it is only recently that Ethiopia has launched privatization programs. This book compares the financial and operating performance of Tikur Abay Shoe Share Company before and after privatization so as to check whether there is increment or decline following privatization. The data used in this study was obtained from the audited financial statement of the company. Ten financial performance indicators are calculated as average of three years before and three years after privatization. Furthermore T-test statistics is employed to examine…mehr

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Produktbeschreibung
Although privatization has turned in to world phenomena, it is only recently that Ethiopia has launched privatization programs. This book compares the financial and operating performance of Tikur Abay Shoe Share Company before and after privatization so as to check whether there is increment or decline following privatization. The data used in this study was obtained from the audited financial statement of the company. Ten financial performance indicators are calculated as average of three years before and three years after privatization. Furthermore T-test statistics is employed to examine mean differences of each variable before and after privatization. Contrary to the expectation of the government; the study documented decline in profitability, net income efficiency, capital investment, liquidity and insignificant increment in sales efficiency, leverage and number of employment following privatization
Autorenporträt
Muluken Alemu Haile is a lecturer in MadaWalabu university,Ethiopia and head,marketing management department.He received his BA degree from JiMma university in Marketing management and MBA(masters of business adminstration )from Mekelle university, Ethiopia.currently he is a PHD scholar in Andhra university,India.