Relationship of profitability of world's top companies with entrepreneurship, competitiveness, and business environment indicators.

Identifying the factors affecting profitability is important from the perspective of market players. One of the most important benchmarks of firm performance is accounting profit and effective factors analysis so that users of accounting information analyse the factors affecting profit, firm performance and various aspects of its performance and according to estimates Done, make your own decision on how to allocate resources. The main purpose of this study is to investigate the impact of some factors of competitiveness, entrepreneurship and business environment indicators on the profitability of the world's top companies. For this purpose, 176 top companies in the world from 2013 to 2018 that were profitable among the top 200 companies each year were selected as the statistical population. World Bank annual reports, Global Competitiveness Index, Global Entrepreneurship Monitor, and Fortune site were used to collect the data. Also the data analysis was done according to the data panel method using Eviews10 software. The results show that in general, there is a positive relationship between competitiveness, entrepreneurship and business environment indicators with financial performance of top companies in the world. On the other hand, the per capita income of the countries in which the top companies belonged was considered as a control variable and the results show that the per capita income has a positive and significant relationship with the financial performance of the top companies in the world. [ABSTRACT FROM AUTHOR]