عنوان مقاله [English]
In recent decades, the privatization program by many developed and developing countries with different political systems has been followed. Financial and economic performance of the firms after privatization as one of the criteria for evaluating the mentioned policy, always has been one of the central issues in economic research in developing countries. In this paper, stochastic frontier analysis (SFA) is used to obtain the technical efficiency of transferred firms in Tehran Stock Exchange before and after entering to stock market. Then, panel data methods are used to measure financial performance on the technical efficiency. The sample consists of a panel data of 29 firms transferred during 1381 to 1388. The results indicate that technical efficiency for 28 firms decreased after entering the stock market and liquidity and return on equity ratios have a significant negative impact on the firmsâ technical inefficiency component.