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The Effects of Privatization on the Financial Position and Performance of Firms in Emerging Markets: Evidence from Vietnam
| Content Provider | Semantic Scholar |
|---|---|
| Author | Pham, Cuong Duc |
| Copyright Year | 2017 |
| Abstract | This paper assesses financial results of public sector reform in Vietnam. This study uses audited financial statements of former SOEs which had been privatized and are currently listing in stock market of Vietnam. The paper makes comparison financial indicators at two research points: post-privatization and prior-privatization. The analysis found that privatization leads to universal increase in profitability, lower debt and leverage, lower asset usage efficiency, and potential risk of paying short-term liabilities appearing in research firms. Our lesson for governments is that privatization program should be continued. However, the government should focus on decision making process and management skills in SOEs, in addition to other changes. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | http://ijbel.com/wp-content/uploads/2017/09/ACC-224.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
