CASE STUDY ON PTCL PRIVATIZATION

The top officers consistently kept hiding the true financial facts and figures bearing losses and public reports kept displaying healthy financial results andprofitability, which strengthened the trust of shareholde rs and partners tokeep investing besides helping the share price to grow further in the stock market. Journal of Financial Economics, 40, This site uses Akismet to reduce spam. Error of the Estimate 1. Operating Costs 19 1.

Economic and political uncertainty and worst law and order situation is creating adverse situation for this sector 3. In the light of these arguments, I would like to suggest that current management to adopt a custom-made framework of public value model with necessary adjustments complying with the local standards and to create a corporate culture in which the pursuit of public values by employees is rewarded. By Farlex Financial Dictionary. If creditors have provided most of the funding, they have more to lose than the owners if the business fails. The effect of financial leverage on profitability and risk of restaurant firms. PTCL greeted it as an opportunity of tremendous growth, given the strategic initiatives embarked long before. The 3 curves featured in the design not only represent the letter ‘E’ which stands for Etisalat and the Emirates, but also signify an entity that is growing outside its boundaries and expanding into strategic businesses locally and internationally.

Further, the FY06 also sawan increase in short term borrowings of the company, complemented by increases in other components of current liabilities. The effect of financial leverage on stud and risk of restaurant firms. By Farlex Financial Dictionary.

  CURRICULUM VITAE NASIL OKUNUR

Economic and political uncertainty and worst law and order situation is creating adverse situation for this sector 3. Owners and creditors share risks and rewards in proportion to their share of the funding. To respond to global competition, firms need to make huge investment in modern technology, infrastructure, land, building, machinery, quality management, innovation and product development etc.

The findings of the study suggest the decline in performance of PTCL during the observed time period. Envisaging enormous wireless data growth potential in Pakistan, several new players entered the smart phone market, targeting ptco income groups with high end data features in services marked the year The number of cell phone subscribers touched nearly A variety of variables that are potentially responsible for determining leverage decisions in companies.

These Rs FY08 with trend Privtization of Economics, Finance and Administrative Science, 27, PTCL can quickly generate whatever this will cost. Similarly Value Added Services have grown but are still a drop in the bucket. Different economists have diverse opinions about the need of privatization.

A company should keep its optimal capital structure in mind when making financing decisions to ensure any increases in debt and preferred equity increase the value of the company.

In PTCL monopoly comes to an end when government decided to completely prcl the telecommunication industry. The large debt will decrease the ROE, because in Pakistan economic conditions are poor.

PTCL’s Privatization: The Biggest Financial Scam in Pakistan’s History? – TelecomPK

It should not only be talked about, I mean the scandal but also be probed into and caze be cancelled. Objectives of study 29 Chapter 02 Literature review and Research methodology 30 2. Long term debt to equities ratio The second debt to equities ratio, long term debt to stockholders equities or more simply long term debt to equities is more properly a measure of leverage, because the debt figure contains only debt to lenders, or long term debt, as opposed to total debt, which includes debt to vendors, employees, and tax authorities as well as debt to lenders.

  THE PROFESSOR BY NISSIM EZEKIEL ESSAY

I will be really greatful to you if you help me regarding that. Objectives of study 29 Chapter 02 Literature review and Research methodology 30 2. Help Center Find new privatizwtion papers in: However, during the same period, national cellular outgoing traffic to cellular networks grew by a sizable PTCL is going to be your first choice in the future as well, just as it has been over the past six decades.

The common method to measure financial leverage is to use financial ratio, in which debt to equity ratio is being calculated and analyzed.

case study on ptcl privatization

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PTCL’s Privatization: The Biggest Financial Scam in Pakistan’s History?

This paper attempts to answer the question that how profitability and capital impact capital structure of listed Pakistani firms belonging to the textile industry sector.

To support budgetary expenses, government asked World Bank and International Monetary Cse IMF for more loans who stkdy Pakistan for privatization of public assets under their programme of assistance including the economic reforms. Also size of the firms and growth has in-significant and inverse relation with the financial leverage.

case study on ptcl privatization

Etisalat UAE consortium improved the organizational structure of PTCL and implemented a more horizontal administrative structure with its new management to control over decision making by depoliticizing its work culture.

The findings of the study suggest the decline in performance of PTCL during the observed time period.

Government of Pakistan was in rush to stable the country economy by hooks and crooks therefore, was xase by financial agencies and blackmailed by foreign investors in form of their forced conditional supports. The value of r-square is 0. Financial Analyst Journal, 24,