An Investigation on the Performance of Operating Profit Margin of Privatized SOEs
Journal Title: International Journal of Academic Research in Business and Social Sciences - Year 2016, Vol 6, Issue 6
Abstract
The economic crisis facing Nigeria has been blamed on mismanagement, inappropriate economic policies and public enterprises had been identified as one of such inappropriate policies. Market mechanism and private ownership are now the dominant development strategy. The economic and physical problems at the time of impendence necessitate the expansion of state owned enterprises. The technical committee on privatization and commercialization valued the state owned enterprises at ₦500 billion in 1993. The paper uses mean comparison method of analysis. The method measures the differences between the samples. Secondary data collected from the thirty five sampled companies is used. The financial data for the period of ten years is used for the analysis. The analysis is done to evaluate where the sampled companies have experience operative profit margin change in the mean difference after privatization. The companies in the oil marketing industry have generally indicated increase in the mean difference. Similarly, companies in the manufacturing sector recorded operative profit margin increase after privatization. The trend is recorded in the insurance and banking sectors.
Authors and Affiliations
Magaji Abubakar Muhammad
Keywords
Related Articles
- EP ID EP463400
- DOI 10.6007/IJARBSS/v6-i6/2194
- Views 121
- Downloads 0
Constructing Validity and Reliability of Suicide Tendency Inventory
This study is conducted to construct, develop and determine the validity and reliability of the Suicide Tendency Inventory which consist of five subscale namely; a) Subscale 1: Interpersonal, b) Subscale 2: Hope, c) Subs...
Can Drought be considered a Case of Force Majeure That Can Due to Exemption from Liability for the Debtor?
Provided that the prejudice is determined by a case of force majeure, the liability of debtor arising from the unfulfilled obligations is exempted. Force majeure has always an external nature and is defined as an unpredi...
Web-Based Investor Relations Practices in Malaysian Listed Companies
The purpose of this study is to provide a detailed descriptive account of web-based investor relations (WIR) practices amongst non-financial companies listed on the Main Market of Bursa Malaysia. The extent of WIR was me...
Exploring Contributing Factors on Holistic Well-being among Malaysian Youth
The Global Youth Wellbeing index includes 35 indicators across seven domains that is gender equality, economic opportunity, education, health, safety and security, citizen participation and information and communication...
Evaluation of Children’s Rehabilitation Program by Using the CIPP Model
Children’s rehabilitation program (CRP) is for reforming the negative behaviour of children who have committed crimes or offences, and should have a positive effect on child offenders. Therefore, evaluation of the progra...