This paper examines the impact of privatization on the productivity, profitability and the other ... more This paper examines the impact of privatization on the productivity, profitability and the other major management issues of the privatized enterprises in Ethiopia. Data from 45 enterprises between 1990 and 2004 were collected in order to examine the performance of the ...
Abstract: This paper is an attempt to investigate the impact of eco-nomic reforms on the economic... more Abstract: This paper is an attempt to investigate the impact of eco-nomic reforms on the economic issues in Ethiopia. Different economic issues parameters determining the effectiveness of economic reforms are separately discussed to measure how far Ethiopia has benefited ...
Electronic copy available at: http://ssrn.com/abstract=985044 ... Title: Ethiopian Privatisation ... more Electronic copy available at: http://ssrn.com/abstract=985044 ... Title: Ethiopian Privatisation Paradigm and Investment: An Empirical Analysis ... Dr. Jesiah Selvam, Director, Indian Academy School of Management Studies(IASMS), Hennur Cross, Hennur Main Road, ...
Traditionally waste management in India is the responsibility of municipalities, later has been s... more Traditionally waste management in India is the responsibility of municipalities, later has been shared by corporate partially as a legal compliance and as part of social responsibility. Recent Waste handling laws in India also tried to keep consumers in comfort zone while the counterpart consumers in European countries are being charged Advanced Recycling Fee. Though NGO's are trying to do their bit about Consumer awareness concerning dark shades of grey market and recycling & reuse of e-Waste, efforts in isolation are proving to be futile. The paper tries to project the need for a public policy holding all the stakeholders responsible for the Greener Environment, not placing the onus selectively on few.
This paper examines the connectivity between privatisation and private capital accumulation. Many... more This paper examines the connectivity between privatisation and private capital accumulation. Many previous studies lzave proved tllat privatisatiorr lras had a direct and positive effect on capital ncc~murlation through aftrncting privnte investn~errt. Ethiopia, one of the least cleveloped corlrrtries (LDCs), and ltaving spent t~vo decades of conrmunisnr, 11as irnpletrrerzted privatisatiorr programme as a tneans of nttractirtg a sizable itzvestmer~t sr~clr as the foreign direct investrrrertt (FDI). We rrsed data over tert years, 1994195 to 2003/04, and applied correlation and regression analyses to establisl~ the effect of the Ethiopian privatisntion programme on capital accumulation. The empirical results show that privatisation is robustly negative to capital accumulation. We suggest that the corintry needs to improve economic and political stability as well as openness coupled ~vitlr revitnlising tlre priwtisntion progranvne to prevent the Ethiopian eco~ronry front further capital sabotage.
This paper examines the influence of privatization on deficits. Deficits, namely budget deficit, ... more This paper examines the influence of privatization on deficits. Deficits, namely budget deficit, current account deficit and trade balance deficit, are the determining, but haunting issues in all economies, particularly in the Least Developed Economies (LDCs). Ethiopia is one of the LDCs that strive to control these deficits while implementing all possible measures of economic reform. Privatization as one of the measures was implemented in 1994, which resulted in privatizing about 60 percent of State Owned Enterprises (SOEs) in the country. It is, therefore, expected that it has had direct and indirect influence on these deficit variables. The study used data over ten years, 1994/95-2003/04, and simple econometric models to test whether there is any bearing on deficit variables in connection to privatization. The empirical results show that the connectivity of privatization in relation to these variables in general is fragile and weak because of the small sized and slow paced privat...
This paper examines the connectivity between privatization and private capital accumulation. Many... more This paper examines the connectivity between privatization and private capital accumulation. Many previous studies have proved that privatization has had a direct and positive effect on capital accumulation through attracting private investment. Ethiopia, which is one of the least developed countries (LDCs), and having spent a two decades of communism, has implemented privatization programme as a means of attracting a sizable investment including the foreign direct investment (FDI). We used data over ten years, 1994/95-2003/04, and applied correlation and regression analyses to find out the effect of the Ethiopian privatization programme on capital accumulation. The empirical results show that privatization was insignificant to capital accumulation. We suggest that the country needs to improve economic and political stability and openness coupled with re-vitalizing the privatization programme to prevent the Ethiopian economy from the further capital sabotage.
This paper examines various causes for privatisation in India. Five major dimensions, which are c... more This paper examines various causes for privatisation in India. Five major dimensions, which are changes in International and domestic politics, Performance of Public Sector Undertakings, Magnitude of fiscal compulsion and external debt, External pressure of the donors and Inherent efficiency of private sector companies, were taken for the study to find out whether or not there have been sufficient existence of reasons to substantiate the privatisation programme in the country. The analyses and discussion prove that there are viable reasons for the government why they implemented the privatisation and why they want to continue the same in the country. The paper calls for further research on comparative performance of enterprises in their pre-privatisation and post privatisation era in order to significantly substantiate the reasons for privatisation in the country.
International Journal of Regulation and Governance, 2008
This article examines the transformative issues involved in privatizing public sector undertaking... more This article examines the transformative issues involved in privatizing public sector undertakings in Ethiopia. The transformative issues comprise of pre-privatization issues, that is, business environment and legal framework for the country in general and for the privatization agency in particular, and implementation issues, that is, identification and sequencing, restructuring and valuation, bidding and tendering, and buyer's response and modalities. The study covers a period of 10 years, ranging between 1990/91 and 2003/04, and analyses the data with simple statistical tools. It reveals that the privatization programme was a small-scale programme with lots of ups and downs, and there were multiple flaws in the transformative procedures. The dominant modality in privatizing was the direct asset sale since the choice of public offerings of shares cannot be exercised in the context of having a weak capital and zero stock market. The mixed result shown by the analysis of performa...
This paper critically examines the major inputs that are vital to evolve equilibrium between supp... more This paper critically examines the major inputs that are vital to evolve equilibrium between supply and demand of management graduates. The selected major inputs are physical and mental requirements, admission and induction standards, teaching and learning processes, quality of human resources, institute and industry interfaces, and examination patterns. The paper reveals that there needs to be a complete re-thinking of management education, as most of management institutes fail to deliver quality education and training to the admitted students, and lack preparing them to meet the global business needs. The reasons are multitudes, as there are in-built problems manifested in many ways confronted by various stakeholders involved in management education. The paper also finds that the major inputs suffer from a lack of systematic approach in their use and unclear vision on the part of those who deploy them. It may be suggested that the government and largely private players rethink and...
Fundamental analysis is carried out with the past data collected for the Bajaj Auto. It helps to ... more Fundamental analysis is carried out with the past data collected for the Bajaj Auto. It helps to understand the factors which contribute more for the fluctuation of the share prices. The fundamental analysis is done on the economy, market and company point of view. The analysis has specifically identified the fluctuations in the share price. It has also identified the reasons and the debt of the reason by the share price movement. The study will give an idea to an investor about the various reasons and its impact on the share prices.
After 2014, India relationship with Scandinavian countries and Nordic countries has been improvin... more After 2014, India relationship with Scandinavian countries and Nordic countries has been improving. During Indo Nordic summit held in April 2018 in Stockholm, all prime ministers of the Nordic Countries vowed to strengthen ties between India and Nordic Countries. Annual India-Nordic trade is about $5.3 billion and the cumulative Nordic FDI into India is $2.5 billion and it comes more than 5% of the total FDI received by India. So it becomes vital to study whether any impact exists because of any movement in stock index of these countries on Indian Stock market. So this paper does the same. It uses Johansen co integration test, Granger Causality test, ADF unit root test. It concludes with the findings.
This paper examines the relation between privatisation and investment. Many previous studies have... more This paper examines the relation between privatisation and investment. Many previous studies have proved that privatisation has had a direct and positive effect on investment, triggering the economic growth and development which has significantly been observed particularly in the economies of transition. Ethiopia - can also be considered an economy of transition - having spent a two decades of communism, has implemented privatisation programme as a means of attracting a sizable investment including the foreign direct investment. We used data over nine years, 1994/95-2002/03, and applied correlation and regression analysis to find out the effect of the Ethiopian privatisation programme on investment. Our study reveals that the effect of privatisation on investment is robustly negative, owing to the lack of in-depth insight not only into privatisation programme itself, but also into overall reform and structural adjustment programmes. Moreover, the economic and political instability c...
This paper examines the causes for privatization in Ethiopia. As believed strongly, the decline t... more This paper examines the causes for privatization in Ethiopia. As believed strongly, the decline trend of industrial output and capacity utilization of SOEs were the major causes at micro level behind the privatisation of SOEs in the country. Budget deficit and external debt coupled with the external pressure from the International donors were considered as the strong factors to justify why the government of Ethiopia implemented privatization in the country.
This paper examines the impact of privatization on the productivity, profitability and the other ... more This paper examines the impact of privatization on the productivity, profitability and the other major management issues of the privatized enterprises in Ethiopia. Data from 45 enterprises between 1990 and 2004 were collected in order to examine the performance of the ...
Abstract: This paper is an attempt to investigate the impact of eco-nomic reforms on the economic... more Abstract: This paper is an attempt to investigate the impact of eco-nomic reforms on the economic issues in Ethiopia. Different economic issues parameters determining the effectiveness of economic reforms are separately discussed to measure how far Ethiopia has benefited ...
Electronic copy available at: http://ssrn.com/abstract=985044 ... Title: Ethiopian Privatisation ... more Electronic copy available at: http://ssrn.com/abstract=985044 ... Title: Ethiopian Privatisation Paradigm and Investment: An Empirical Analysis ... Dr. Jesiah Selvam, Director, Indian Academy School of Management Studies(IASMS), Hennur Cross, Hennur Main Road, ...
Traditionally waste management in India is the responsibility of municipalities, later has been s... more Traditionally waste management in India is the responsibility of municipalities, later has been shared by corporate partially as a legal compliance and as part of social responsibility. Recent Waste handling laws in India also tried to keep consumers in comfort zone while the counterpart consumers in European countries are being charged Advanced Recycling Fee. Though NGO's are trying to do their bit about Consumer awareness concerning dark shades of grey market and recycling & reuse of e-Waste, efforts in isolation are proving to be futile. The paper tries to project the need for a public policy holding all the stakeholders responsible for the Greener Environment, not placing the onus selectively on few.
This paper examines the connectivity between privatisation and private capital accumulation. Many... more This paper examines the connectivity between privatisation and private capital accumulation. Many previous studies lzave proved tllat privatisatiorr lras had a direct and positive effect on capital ncc~murlation through aftrncting privnte investn~errt. Ethiopia, one of the least cleveloped corlrrtries (LDCs), and ltaving spent t~vo decades of conrmunisnr, 11as irnpletrrerzted privatisatiorr programme as a tneans of nttractirtg a sizable itzvestmer~t sr~clr as the foreign direct investrrrertt (FDI). We rrsed data over tert years, 1994195 to 2003/04, and applied correlation and regression analyses to establisl~ the effect of the Ethiopian privatisntion programme on capital accumulation. The empirical results show that privatisation is robustly negative to capital accumulation. We suggest that the corintry needs to improve economic and political stability as well as openness coupled ~vitlr revitnlising tlre priwtisntion progranvne to prevent the Ethiopian eco~ronry front further capital sabotage.
This paper examines the influence of privatization on deficits. Deficits, namely budget deficit, ... more This paper examines the influence of privatization on deficits. Deficits, namely budget deficit, current account deficit and trade balance deficit, are the determining, but haunting issues in all economies, particularly in the Least Developed Economies (LDCs). Ethiopia is one of the LDCs that strive to control these deficits while implementing all possible measures of economic reform. Privatization as one of the measures was implemented in 1994, which resulted in privatizing about 60 percent of State Owned Enterprises (SOEs) in the country. It is, therefore, expected that it has had direct and indirect influence on these deficit variables. The study used data over ten years, 1994/95-2003/04, and simple econometric models to test whether there is any bearing on deficit variables in connection to privatization. The empirical results show that the connectivity of privatization in relation to these variables in general is fragile and weak because of the small sized and slow paced privat...
This paper examines the connectivity between privatization and private capital accumulation. Many... more This paper examines the connectivity between privatization and private capital accumulation. Many previous studies have proved that privatization has had a direct and positive effect on capital accumulation through attracting private investment. Ethiopia, which is one of the least developed countries (LDCs), and having spent a two decades of communism, has implemented privatization programme as a means of attracting a sizable investment including the foreign direct investment (FDI). We used data over ten years, 1994/95-2003/04, and applied correlation and regression analyses to find out the effect of the Ethiopian privatization programme on capital accumulation. The empirical results show that privatization was insignificant to capital accumulation. We suggest that the country needs to improve economic and political stability and openness coupled with re-vitalizing the privatization programme to prevent the Ethiopian economy from the further capital sabotage.
This paper examines various causes for privatisation in India. Five major dimensions, which are c... more This paper examines various causes for privatisation in India. Five major dimensions, which are changes in International and domestic politics, Performance of Public Sector Undertakings, Magnitude of fiscal compulsion and external debt, External pressure of the donors and Inherent efficiency of private sector companies, were taken for the study to find out whether or not there have been sufficient existence of reasons to substantiate the privatisation programme in the country. The analyses and discussion prove that there are viable reasons for the government why they implemented the privatisation and why they want to continue the same in the country. The paper calls for further research on comparative performance of enterprises in their pre-privatisation and post privatisation era in order to significantly substantiate the reasons for privatisation in the country.
International Journal of Regulation and Governance, 2008
This article examines the transformative issues involved in privatizing public sector undertaking... more This article examines the transformative issues involved in privatizing public sector undertakings in Ethiopia. The transformative issues comprise of pre-privatization issues, that is, business environment and legal framework for the country in general and for the privatization agency in particular, and implementation issues, that is, identification and sequencing, restructuring and valuation, bidding and tendering, and buyer's response and modalities. The study covers a period of 10 years, ranging between 1990/91 and 2003/04, and analyses the data with simple statistical tools. It reveals that the privatization programme was a small-scale programme with lots of ups and downs, and there were multiple flaws in the transformative procedures. The dominant modality in privatizing was the direct asset sale since the choice of public offerings of shares cannot be exercised in the context of having a weak capital and zero stock market. The mixed result shown by the analysis of performa...
This paper critically examines the major inputs that are vital to evolve equilibrium between supp... more This paper critically examines the major inputs that are vital to evolve equilibrium between supply and demand of management graduates. The selected major inputs are physical and mental requirements, admission and induction standards, teaching and learning processes, quality of human resources, institute and industry interfaces, and examination patterns. The paper reveals that there needs to be a complete re-thinking of management education, as most of management institutes fail to deliver quality education and training to the admitted students, and lack preparing them to meet the global business needs. The reasons are multitudes, as there are in-built problems manifested in many ways confronted by various stakeholders involved in management education. The paper also finds that the major inputs suffer from a lack of systematic approach in their use and unclear vision on the part of those who deploy them. It may be suggested that the government and largely private players rethink and...
Fundamental analysis is carried out with the past data collected for the Bajaj Auto. It helps to ... more Fundamental analysis is carried out with the past data collected for the Bajaj Auto. It helps to understand the factors which contribute more for the fluctuation of the share prices. The fundamental analysis is done on the economy, market and company point of view. The analysis has specifically identified the fluctuations in the share price. It has also identified the reasons and the debt of the reason by the share price movement. The study will give an idea to an investor about the various reasons and its impact on the share prices.
After 2014, India relationship with Scandinavian countries and Nordic countries has been improvin... more After 2014, India relationship with Scandinavian countries and Nordic countries has been improving. During Indo Nordic summit held in April 2018 in Stockholm, all prime ministers of the Nordic Countries vowed to strengthen ties between India and Nordic Countries. Annual India-Nordic trade is about $5.3 billion and the cumulative Nordic FDI into India is $2.5 billion and it comes more than 5% of the total FDI received by India. So it becomes vital to study whether any impact exists because of any movement in stock index of these countries on Indian Stock market. So this paper does the same. It uses Johansen co integration test, Granger Causality test, ADF unit root test. It concludes with the findings.
This paper examines the relation between privatisation and investment. Many previous studies have... more This paper examines the relation between privatisation and investment. Many previous studies have proved that privatisation has had a direct and positive effect on investment, triggering the economic growth and development which has significantly been observed particularly in the economies of transition. Ethiopia - can also be considered an economy of transition - having spent a two decades of communism, has implemented privatisation programme as a means of attracting a sizable investment including the foreign direct investment. We used data over nine years, 1994/95-2002/03, and applied correlation and regression analysis to find out the effect of the Ethiopian privatisation programme on investment. Our study reveals that the effect of privatisation on investment is robustly negative, owing to the lack of in-depth insight not only into privatisation programme itself, but also into overall reform and structural adjustment programmes. Moreover, the economic and political instability c...
This paper examines the causes for privatization in Ethiopia. As believed strongly, the decline t... more This paper examines the causes for privatization in Ethiopia. As believed strongly, the decline trend of industrial output and capacity utilization of SOEs were the major causes at micro level behind the privatisation of SOEs in the country. Budget deficit and external debt coupled with the external pressure from the International donors were considered as the strong factors to justify why the government of Ethiopia implemented privatization in the country.
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