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Does privatisation improve financial performance? Evidence from Jordan

Author

Listed:
  • Ashraf Bataineh
  • Ashraf Alrjoub
  • Ziyad Mustafa Shwiyat

Abstract

The study aims to measure the effect of privatisation on improving the financial performance at the Jordanian companies. The study sample consists of six Jordanian companies listed in Amman Stock Exchange (ASE) in 2017, and to achieve the objectives of the study, a model has been developed by using T-test for paired samples, which included many variables and the issuing time of annual financial reports as the dependent variable. The results showed that privatisation programs did help to improve the performance of Jordanian companies, and in its adoption to privatisation policies, the Jordanian companies listed on the ASE need more time to issue public reports, in order to be compared with other sectors. The results of multiple regression analysis showed statistically positive significant effects between the companies profitability, financial companies leverage, and liquidity of companies annual financial reports. The study recommended that Jordanian companies should keep pace with the rapid changes taking place in the companies' environment and encourage innovations for their companies.

Suggested Citation

  • Ashraf Bataineh & Ashraf Alrjoub & Ziyad Mustafa Shwiyat, 2021. "Does privatisation improve financial performance? Evidence from Jordan," Global Business and Economics Review, Inderscience Enterprises Ltd, vol. 24(1), pages 1-20.
    • Handle: RePEc:ids:gbusec:v:24:y:2021:i:1:p:1-20
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