Estimation of the Product Profitability Index Based on the Product Complexity Index

Document Type : Research Paper

Authors

1 Department of Accounting, Sanandaj Branch, Islamic Azad University, Sanandaj, Iran

2 National Research Institute for Science Policy(NRISP), Tehran, Iran

Abstract

Profit, as presented in financial statements, is one of the most important performance metrics and a key determinant of an economic entity's value. The primary objective of this research is to assess product profitability based on a Product Complexity Index (PCI), considering the product's diversity and market reach across different markets. The study analyzes a sample of 500 profitable companies listed in the Fortune, spanning the financial years from 2014 to 2018. The analysis employs both panel and pooled data methods. The study aims to estimate the profitability of each product to help investors identify the most profitable products for investment, based on their profitability as determined by the PCI. The findings suggest that adopting a new approach focused on producing high-complexity products, rather than merely selecting product types or business activities, along with measuring the profitability index of each product, can enhance decision-making. By examining the relationship between product complexity and profitability, and introducing an index to forecast product profitability, investors who are key users of financial information can make more informed decisions. These decisions, based on the optimal combination and selection of products, can foster economic growth and contribute to the development of society. The results show a positive and significant relationship between operating profit and the Product Complexity Index, as well as the estimation of profitability based on product diversity and market reach.

Keywords

Main Subjects

Article Title [Persian]

تخمین شاخص سود محصول مبتنی بر شاخص پیچیدگی محصول

Authors [Persian]

  • ثریا جلوزان 1
  • عطااله محمدی ملقرنی 1
  • بهروز شاهمرادی 2
1 گروه حسابداری، واحد سنندج، دانشگاه آزاد اسلامی، سنندج، ایران
2 گروه تامین مالی و اقتصاد علم، فناوری و نوآوری، موسسه تحقیقات سیاست علمی کشور، تهران، ایران
Abstract [Persian]

سود در صورت‌های مالی به عنوان یکی از مهمترین معیارهای ارزیابی عملکرد و تعیین کننده ارزش بنگاه اقتصادی تلقی میگردد. هدف اصلی پژوهش تعیین میزان سود یک محصول بر پایه شاخص پیچیدگی محصول با توجه به تنوع و فراگیری محصول در بازارهای مختلف برای جامعه آماری 500 شرکت سودده موجود در لیست فورچون از سال مالی 2014 تا پایان سال 2018 با استفاده از داده‌های تابلویی و تلفیقی انتخاب گشتند. در این مطالعه سعی شده تا با برآورد سود هر محصول به سرمایه‌گذاران این اختیار را ‌دهد که بهترین محصول با سودآوری بیشتر را جهت سرمایه‌گذاری با توجه به سودآوری آن مبتنی بر شاخص پیچیدگی محصول انتخاب کنند. یافته‏ها نشان می‌دهد در نظر گرفتن رویکرد جدید تولید محصولات با پیچیدگی بالا نسبت به انتخاب نوع محصول و فعالیت واحد اقتصادی و اندازه‌گیری شاخص سودآوری محصول تولیدی، با بررسی رابطه پیچیدگی محصولات و سودآوری آنها با معرفی شاخصی جهت تخمین سود محصول برای سرمایه‌گذاران که مهم‌ترین استفاده‌کنندگان اطلاعات مالی می‌باشند با تصمیم‌گیری بهینه با توجه به ترکیب محصولات و انتخاب نوع محصول جهت تولید در شرکت‌های که سود بالاتری دارند، احتمالاً منابع را به‌طور مؤثرتری تخصیص می‌دهند، که این امر می‌تواند به رشد اقتصادی کلی کمک کند. نتایج مبین رابطه مثبت و معنی‌داری بین متغیرهای سود عملیاتی و شاخص پیچیدگی محصول و تخمین سود بر پایه تنوع و فراگیری محصول است.

Keywords [Persian]

  • پیچیدگی اقتصادی
  • شاخص سودآوری محصول
  • شاخص پیچیدگی محصول
  • کد سیستم هماهنگ

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History

  • Receive Date: 16 December 2023
  • Revise Date: 30 December 2024
  • Accept Date: 04 January 2025

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