disinvested and non-disinvested central public sector enterprises (PSEs) based on 19 ratios
(pertaining to the profitability, efficiency, leverage, liquidity and productivity per manpower)
over a period of 16 years (1991-92 to 2006-07). The result shows that disinvestment has
played significant role in enhancing the financial performance of disinvested PSEs over a
period of time compared to non-disinvested PSEs in majority of parameters.