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inspected the impact of residual government ownership on performance and value creation. Study focus the period 1987-2009 and on the post privatization period (five years after privatization) of 31st financial and nonfinancial companies. In this study ownership variables and control variables was used. The result disclosed that high level of government ownership was associated with an increase in performance and value creation within the privatized company, while low level of ownership was associated with decrease in performance and value creation.
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