Abstract

GROWTH PROFIT MARGIN PERFORMANCE OF PRIVATIZED SOES: A MEAN COMPARISON APPROACH

MAGAJI ABUBAKAR MUHAMMAD

Volume: 6 Issue: 2 2016

Abstract:

Privatization as a reform policy package has been adopted by both developed and developing countries’ economies. Nigeria as a developing country has large public enterprises. These enterprises performed below expectation due to multiple problems. Technical committee was set up to privatize these enterprises. The paper used secondary data sourced from the companies’ financial reports. The data has been analyzed by using mean comparison technique. The gross profit margin (GPM) model 45 percent out of the sampled privatized SOEs had their mean difference increased after privatization and six companies had their mean difference increase above the average. .

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