ISSN 2394-5125
 

Research Article 


A STUDY ON THE FINANCIAL PERFORMANCE OF DISINVESTED PUBLIC SECTOR ENTERPRISES

Isha chhabra, Seema Gupta, V.K gupta.

Abstract
The study determines the financial performance of 31 disinvested public sector enterprises which were disinvested during the period 2000-2018. The main purpose of the study is to investigate whether disinvestment has improved the firmís performance. Further the present study analyses the factors that affect the financial performance of the firms. Wilcoxon signed rank has been employed to test to study the pre and post disinvestment performance and the non -parametric test reports insignificant improvement in ROA,ROS,ROE, decline in leverage, employment. On the other hand, improvement in output and dividend pay-out ratio. For this purpose, various accounting performance measures have been employed as proxies of performance and the mean performance is computed for both after and before disinvestment periods. The author further examines the factors affecting the financial performance of firms using panel regression. It is reported that three factors have a positive impact on the financial performance of the companies and the factors are GDP, Privatization and risk. On the other hand, firm size has a negative impact on the performance of the firms . There is a need to bring vigorous change in the disinvestment policy, with a focus on reduction of state ownership in government enterprises.

Key words: financial performance, disinvestment, public sector enterprises


 
ARTICLE TOOLS
Abstract
PDF Fulltext
How to cite this articleHow to cite this article
Citation Tools
Related Records
 Articles by Isha chhabra
Articles by Seema Gupta
Articles by V.K gupta
on Google
on Google Scholar


How to Cite this Article
Pubmed Style

Isha chhabra, Seema Gupta, V.K gupta. A STUDY ON THE FINANCIAL PERFORMANCE OF DISINVESTED PUBLIC SECTOR ENTERPRISES. JCR. 2020; 7(10): 260-265. doi:10.31838/jcr.07.10.56


Web Style

Isha chhabra, Seema Gupta, V.K gupta. A STUDY ON THE FINANCIAL PERFORMANCE OF DISINVESTED PUBLIC SECTOR ENTERPRISES. http://www.jcreview.com/?mno=114473 [Access: August 18, 2021]. doi:10.31838/jcr.07.10.56


AMA (American Medical Association) Style

Isha chhabra, Seema Gupta, V.K gupta. A STUDY ON THE FINANCIAL PERFORMANCE OF DISINVESTED PUBLIC SECTOR ENTERPRISES. JCR. 2020; 7(10): 260-265. doi:10.31838/jcr.07.10.56



Vancouver/ICMJE Style

Isha chhabra, Seema Gupta, V.K gupta. A STUDY ON THE FINANCIAL PERFORMANCE OF DISINVESTED PUBLIC SECTOR ENTERPRISES. JCR. (2020), [cited August 18, 2021]; 7(10): 260-265. doi:10.31838/jcr.07.10.56



Harvard Style

Isha chhabra, Seema Gupta, V.K gupta (2020) A STUDY ON THE FINANCIAL PERFORMANCE OF DISINVESTED PUBLIC SECTOR ENTERPRISES. JCR, 7 (10), 260-265. doi:10.31838/jcr.07.10.56



Turabian Style

Isha chhabra, Seema Gupta, V.K gupta. 2020. A STUDY ON THE FINANCIAL PERFORMANCE OF DISINVESTED PUBLIC SECTOR ENTERPRISES. Journal of Critical Reviews, 7 (10), 260-265. doi:10.31838/jcr.07.10.56



Chicago Style

Isha chhabra, Seema Gupta, V.K gupta. "A STUDY ON THE FINANCIAL PERFORMANCE OF DISINVESTED PUBLIC SECTOR ENTERPRISES." Journal of Critical Reviews 7 (2020), 260-265. doi:10.31838/jcr.07.10.56



MLA (The Modern Language Association) Style

Isha chhabra, Seema Gupta, V.K gupta. "A STUDY ON THE FINANCIAL PERFORMANCE OF DISINVESTED PUBLIC SECTOR ENTERPRISES." Journal of Critical Reviews 7.10 (2020), 260-265. Print. doi:10.31838/jcr.07.10.56



APA (American Psychological Association) Style

Isha chhabra, Seema Gupta, V.K gupta (2020) A STUDY ON THE FINANCIAL PERFORMANCE OF DISINVESTED PUBLIC SECTOR ENTERPRISES. Journal of Critical Reviews, 7 (10), 260-265. doi:10.31838/jcr.07.10.56