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Conflict of Interest in the Process of Privatization in Iran

Baghmirani, Mehdi | 2019

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  1. Type of Document: M.Sc. Thesis
  2. Language: Farsi
  3. Document No: 55647 (44)
  4. University: Sharif University of Technology
  5. Department: Management and Economics
  6. Advisor(s): Talebian, Masoud; Mohajerani, Amir Ali
  7. Abstract:
  8. this research aims to identify interests, goals, and structures which involve privatization. The importance of this research is that the root of numerous firms' inefficiency after privatization lies in the privatization process. The goals of privatizing firms are to improve the efficiency of privatized firms, maintain employment levels, and finally raise funds from privatizing public firms. It could be some conflicts between these goals. On the other hand, managers of public firms will resist privatizing these firms, because they will see their job situation and future in danger. Also, the privatization organization is one of the economic ministry’s subsets which has not enough power and independence to conduct privatization goals. Moreover, monitoring systems lack sufficient independence and agility to monitor the privatization process and have a passive approach to monitoring. These problems can be examined from the three aspects of conflict of interest, problems in the organization's corporate governance, and agency theory, which are addressed in this research.The research method is to conduct interviews with several managers and theorists in the field of privatization, and the resulting concepts are extracted using the thematic analysis technique, and appropriate solutions are proposed by matching these concepts with the existing literature. results show the weakness of the legislative system and control institutions, the resistance of managers against privatization, the problem of unfair pricing of companies, the weakness of the performance evaluation system of managers, and the inappropriateness of the qualification evaluation criteria. Buyers' and managers' efforts to advance political goals through the privatization process are obstacles to the desired implementation of privatization.
  9. Keywords:
  10. Incentive System ; Corporate Governance ; Private Sector ; Transfer ; Privatization ; Agency Theory ; Risk

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