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The privatization effects on Iran insurance industry

Author

Listed:
  • Karimi, Mohammad
  • Cheshomi, Ali
  • Hassannezhad Kashani, Behzad

Abstract

Two methods of privatization through ownership transfer and privatization from below are more proper than other ones. The privatization program in Iran insurance industry is performed through privatization from below initiated from 2000 and proceeded in recent years by ownership transfer according to general policies of Iran Law. This paper shows how privatization from below is effective more than ownership privatization in competition extension in insurance industry and spread of its supporting businesses. This method have had more effects on insurance industry by extending insurance industry practices, leading to differentiation in insurance products, improving public firms' performance and extending insurance relevant businesses.

Suggested Citation

  • Karimi, Mohammad & Cheshomi, Ali & Hassannezhad Kashani, Behzad, 2010. "The privatization effects on Iran insurance industry," MPRA Paper 45151, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:45151
    as

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    References listed on IDEAS

    as
    1. Josef C. Brada, 1996. "Privatization Is Transition--Or Is It?," Journal of Economic Perspectives, American Economic Association, vol. 10(2), pages 67-86, Spring.
    2. Megginson, William Leon, 2005. "The Financial Economics of Privatization," OUP Catalogue, Oxford University Press, number 9780195150629.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    privatization from below; competition; business atmosphere; insurance industry performance;
    All these keywords.

    JEL classification:

    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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