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An Assessment Of Cost Performance And Accountability In Privatized Public Enterprises In Nigeria.
[A CASE STUDY OF OANDO (UNIPETROL) PLC IN ENUGU STATE]
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Public enterprise before their recent privatization where perceived to
be bedeviled by numerous challenges ranging from political interference,
inefficiency in the management of resources, conflict of objectives,
overdependence on subvention for survival etc. these over the years have
been the main source of criticism of public enterprises and the reason
why they are poorly managed . is this issue the same after the
privatization o these enterprises? This study is intended to establish
it. 1.3 Research question:
Based on the problem statement and the objective of the study stated above the study will answer the following questions;
i) Has privatization improved the cost performance and accountability of this firm as anticipated?
ii) To what extent are privatized firms accountable to shareholders and other relevant stake holders?
iii) To what level has there been effective checks and balances in privatized enterprises in Nigeria.
1.4
Objectives of the Study. The overriding objective of this study is to
evaluate the second wave of the Nigerian privatization programme
spanning 2008-2012. The specific objectives are as follows: (i) To
examine whether privatization has improved the cost performance and
accountability of privatized firm. (ii) To assess the extent to which
privatized firms are accountable to shareholders and other relevant
stakeholders. (iii) To determine if there are effective checks and
balances in privatized enterprises in Nigeria. 1.5 Statement of
Hypothesis
Ho: Privatization has not led to efficient and improved cost
Performance.
Hi: Privatization has led to efficient and improved cost
Performance.
Ho: There have been no effective accountability to share holders and other relevant stake holders.
HI: There have been effective accountability to shareholders and other relevant stakeholders.
Ho: privatization has not led to effective checks and balances in privatized enterprises in Nigeria.
Hi: privatization has led to effective checks and balances in privatized enterprises in Nigeria.
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ABSRACT - [ Total Page(s): 1 ]AbstractDespite an impressive level of privatization activity across Africa and the upsurge in search of the operating performance of privatized firms in both develop and developing economies, our empirical knowledge of the privatization program in Africa is limited. The purpose of this study is to appraise the post privatization cost and operating performance as well as accountability of some privatized public enterprises in Nigeria. A survey research design was adopted for the study, sixty fiv ... Continue reading---
