Investigating the Effect of Privatization on Accepted State-owned Corporate Performance in Tehran Stock Exchange

Privatization is excutive, financial and legal process that governments in many countries implement for reforming the economy and administrative system. According to privatization literature, purpose of privatization in three domains of financial, economics and socio-political contain increase institutions efficency, accurate income distribution, government downsizing, private sector empowerment, capital market development, increasing competition, ensuring consumer interests and etc by transterring ownership and government corporates management to nongovernment sector. The major goal of this research is investigating the effect of privatization on state-owned corporate performance(financial, economics and socio-political performance). In fact, this research tries to assess privatization effect on transferred corporate performance to private sector. In this research, total privatized corporations by Tehran Stock Exchang during 1375-1383 were selected as a statistical community and then 46 corporate among them investigated as a sample. For investigating privatization effect on corporate performance, in respect to considered measures, performance of three years before privatization and performance of three years after privatization by Couple T-Test are investigated. Result of hypothesises test indicate that there was not significant difference between corporate performance before and after privatization and in fact, privatization did not lead to corporate performance improvement and even in some Abstracts 5 cases lead to reducing corporate profatibility. The reason for this result is mistaken policies in privatization programs.