Evaluating the Relation between Relative Efficiency and Equity Returns of Industrial Companies in the Privatization Process

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Zaghian Mohammad

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Journal: Journal of Industrial Economic Research Year:2020 | Volume:4 | Issue:11 Page(s): 39-48

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Title

Evaluating the Relation between Relative Efficiency and Equity Returns of Industrial Companies in the Privatization Process

Author(s)

Zaghian Mohammad | Issue Writer Certificate

Keywords

Efficiency

Stock Return

Stochastic Frontier Function

Abstract

The Fourth Plan for Economic and Social Development, as well as the Privatization Plan for Iran, emphasizes the promotion of relative Efficiency. The purpose of this paper is to evaluate the effect of relative Efficiency on the Stock Returns of private companies operating in the industrial sector. For this purpose, while using the quarterly data of 165 companies for the period of 1390-1381 (privatization program implementation period), the panel vector autoregressive method (Panel VAR) was used to evaluate the effect of relative Efficiency on Stock Returns. In addition, the dynamics of the relationships between relative Efficiency and Stock Returns were tested. By controlling other factors and variables affecting the rate of return, the result shows that Efficiency has a significant explanatory power on the Stock Returns of industrial companies and is in line with theoretical foundations and empirical evidence.

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APA: Copy

Zaghian, Mohammad. (2020). Evaluating the Relation between Relative Efficiency and Equity Returns of Industrial Companies in the Privatization Process. JOURNAL OF INDUSTRIAL ECONOMIC RESEARCHES, 4(11 ), 39-48. SID. https://sid.ir/paper/382552/en

Vancouver: Copy

Zaghian Mohammad. Evaluating the Relation between Relative Efficiency and Equity Returns of Industrial Companies in the Privatization Process. JOURNAL OF INDUSTRIAL ECONOMIC RESEARCHES[Internet]. 2020;4(11 ):39-48. Available from: https://sid.ir/paper/382552/en

IEEE: Copy

Mohammad Zaghian, “Evaluating the Relation between Relative Efficiency and Equity Returns of Industrial Companies in the Privatization Process,” JOURNAL OF INDUSTRIAL ECONOMIC RESEARCHES, vol. 4, no. 11 , pp. 39–48, 2020, [Online]. Available: https://sid.ir/paper/382552/en

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