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An Analysis of Pre-Privatization and Post-Privatization Financial Performance and Activities of Privatized Cement Companies

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  • Osman Karamustafa

Abstract

The main purpose of this paper is to explore changes in pre-privatization financial performance and activities of 24 cement companies. It is found that changes in net period profits and capacity utilization ratios have not been statistically significant, whereas changes in investments and production levels have partially been significant in the pre-privatization and post- privatization periods. We have also found that decrease in the number of employees and increase in productivity levels have been statistically significant in the aforementioned periods.

Suggested Citation

  • Osman Karamustafa, 2000. "An Analysis of Pre-Privatization and Post-Privatization Financial Performance and Activities of Privatized Cement Companies," Istanbul Stock Exchange Review, Research and Business Development Department, Borsa Istanbul, vol. 4(16), pages 1-12.
    • Handle: RePEc:bor:iserev:v:4:y:2000:i:16:p:1-12
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    File URL: http://www.borsaistanbul.com/datum/imkbdergi/EN/ISE_Review_16.pdf
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    References listed on IDEAS

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    2. Cuddington, John T. & Liang, Hong, 2000. "Purchasing power parity over two centuries?," Journal of International Money and Finance, Elsevier, vol. 19(5), pages 753-757, October.
    3. Cheung, Yin-Wong & Lai, Kon S., 1998. "Parity reversion in real exchange rates during the post-Bretton Woods period," Journal of International Money and Finance, Elsevier, vol. 17(4), pages 597-614, August.
    4. Eric J. Pentecost, 1993. "Exchange Rate Dynamics," Books, Edward Elgar Publishing, number 355.
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    Cited by:

    1. Bilal Ahmed & Sadaf Alam, 2018. "Impact Of Privatisation On Financial Performance And Efficiency Of State Owned Enterprises," IBT Journal of Business Studies (JBS), Ilma University, Faculty of Management Science, vol. 14(2), pages 158-173.
    2. Bilal Ahmed & Sadaf Alam, 2018. "Impact Of Privatisation On Financial Performance And Efficiency Of State Owned Enterprises," IBT Journal of Business Studies (JBS), Ilma University, Faculty of Management Science, vol. 14(2), pages 14-13.

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