PRIVATIZATION AND CORPORATE PERFORMANCE

Abstract

This study investigates the effect of privatization on corporate performance in the mining, financial and services sectors in Jordan as a case study of privatization experience of an emerging market. The study includes six Jordanian companies during the period 1995-2015. Two types of empirical tests are performed; Parametric Mean Differences and Non-parametric Wilcoxon Signed Ranks Sum Test. Empirical results conclude that there is a positive impact of privatization on output, operational efficiency measures, while a negative effect on level of leverage and level of employment.