Inderscience Publishers

From state to private ownership: performance of small listed Tunisian firms

0
- By:

Courtesy of Inderscience Publishers

In this work, we address the financial and operating performance of a sample of seven Tunisian firms which capital was open to the private sector. As many countries, developed or in development, Tunisia initiates privatisation programme from 1987 to 2009. The results indicate that profitability and capital investment spending ratios decline significantly, but efficiency ratios increase. Furthermore, theses enterprises knew an increase in their debt levels. For the dividend payout, the effect is not determiner.

Keywords: privatisation, state ownership, Tunisia, private ownership, listed companies, stock markets, small and medium–sized enterprises, SMEs, financial performance, operating performance, profitability, capital investment, spending ratios, efficiency ratios, debt levels, dividend payouts, Arab culture, management

Customer comments

No comments were found for From state to private ownership: performance of small listed Tunisian firms. Be the first to comment!