Privatisation as Proxy of Distribution: Is it possible? (The Justice Shares Mass Privatisation Case of Iran)

<p>Through a privatisation scheme called the "Justice Shares Plan," the Iranian government has privatised many state-owned companies via dividing and distributing shares among low-income families. This study explains and evaluates the government’s plan from different aspects. The findings show that the share-based mass privatisation initiative hasn’t achieved its performance-enhancing goals in privatised companies. The study also finds that the plan has slightly reduced the income inequality. The plan eventually could not continue to disburse dividends to stock holders due to financial and legislative difficulties.</p>