Financial and Operating Performance of the Privatized Firms in the Justice Stake Scheme

According to the importance of justice stake scheme as the high volume firms was divested by this method, and as regard to one of the important aim of this scheme is to improve of the efficiency and to increase the yield of them. This paper examines the change in operating and financial performance of said companies that were divested in the justice stake scheme. Profitability and operating efficiency rates were used to measure the performance that collected before and after the implementation of justice stake by 5 repeated measurements during 10 years and the repeated measure variance analysis were used to examine the data. The results indicate that significant decrease in return on equity and significant increase in net income efficiency. Possible reasons for these results are the accumulation of the profit and capital increase in 1389- 1390. No doubt the real consequences of the implementation of the justice stake scheme will appear in the years following the delivery of stake to the peoples.