Open AccessPrivatization and the Efficiency of Selected Enterprises in Nigeria
Author(s) -
Sunday Ojochenemi Yusufu,
Arome Isaac Yusufu,
Mohammed Habeeb Abdullahi
Publication year - 2022
Publication title -
journal of social sciences advancement
Language(s) - English
Resource type - Journals
eISSN - 2788-6182
pISSN - 2788-6174
DOI - 10.52223/jssa22-030102-28
Subject(s) - shareholder , business , incentive , questionnaire , process (computing) , industrial organization , marketing , finance , market economy , economics , corporate governance , social science , sociology , computer science , operating system
The privatization of state companies has grown into a global trend with its origin traced to developed countries. This study investigated privatization and the efficiency of some selected enterprises in Nigeria. The study adopted primary data in which questionnaire were given out to elicit responses in other to achieve the research objective. 74 questionnaire were giving to the head of operations of selected privatized hospitality industries in Nigeria. Multiple linear regression was used in analyzing the data gathered from respondents. Findings from the result of this study indicates that privatization is significant and positively related to efficiency of firms. The study concludes that privatization has significantly influenced the efficiencies of privatized enterprises in Nigeria. The study concluded that privatization enhances the efficiency of privatized enterprises in Nigeria. The study recommends that ownership structure should be structured to provide good incentive process that is beneficial to shareholders. The study further recommends that Privatized firms should be encouraged to allow for more management involvement in decision making process, this will go a long by providing cross fertilization of ideas.