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The Relationship Between Business Environment and Happiness with Corporate Profitability

Received: 19 February 2021     Accepted: 16 April 2021     Published: 29 April 2021
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Abstract

Business and investment in any area requires the provision of an appropriate and secure institutional environment. One of the factors that helps to expand businesses and increase corporate profits is the right business environment. Avoiding complicated administrative bureaucracy, lending and credit, proper international trade, and the ease of obtaining the necessary permits will be helpful in this regard. On the other hand, businesses can perform better in a happy and stress-free environment. Happiness is an emotional state characterized by feelings of joy, satisfaction, contentment, and fulfillment. While happiness has many different definitions, it is often described as involving positive emotions and life satisfaction. The purpose of the present study is to investigate the relationship between the business environment and happiness indicators with corporate profitability. For this purpose, 175 top companies in the world from 2013 to 2018 that were profitable among the top 500 companies each year were selected as the statistical population. World Happiness annual report, Doing Business annual reports, and Fortune site were used to collect the data. Also the data analysis was done according to the panel data method using Stata software. The results shows that in general, there is a positive relationship between business environment and happiness indicators corporate profitability.

Published in International Journal of Engineering Management (Volume 5, Issue 1)
DOI 10.11648/j.ijem.20210501.12
Page(s) 12-20
Creative Commons

This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.

Copyright

Copyright © The Author(s), 2021. Published by Science Publishing Group

Keywords

Business Environment, Profitability, Happiness

References
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Cite This Article
  • APA Style

    Mehdi Khazaei. (2021). The Relationship Between Business Environment and Happiness with Corporate Profitability. International Journal of Engineering Management, 5(1), 12-20. https://doi.org/10.11648/j.ijem.20210501.12

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    ACS Style

    Mehdi Khazaei. The Relationship Between Business Environment and Happiness with Corporate Profitability. Int. J. Eng. Manag. 2021, 5(1), 12-20. doi: 10.11648/j.ijem.20210501.12

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    AMA Style

    Mehdi Khazaei. The Relationship Between Business Environment and Happiness with Corporate Profitability. Int J Eng Manag. 2021;5(1):12-20. doi: 10.11648/j.ijem.20210501.12

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  • @article{10.11648/j.ijem.20210501.12,
      author = {Mehdi Khazaei},
      title = {The Relationship Between Business Environment and Happiness with Corporate Profitability},
      journal = {International Journal of Engineering Management},
      volume = {5},
      number = {1},
      pages = {12-20},
      doi = {10.11648/j.ijem.20210501.12},
      url = {https://doi.org/10.11648/j.ijem.20210501.12},
      eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijem.20210501.12},
      abstract = {Business and investment in any area requires the provision of an appropriate and secure institutional environment. One of the factors that helps to expand businesses and increase corporate profits is the right business environment. Avoiding complicated administrative bureaucracy, lending and credit, proper international trade, and the ease of obtaining the necessary permits will be helpful in this regard. On the other hand, businesses can perform better in a happy and stress-free environment. Happiness is an emotional state characterized by feelings of joy, satisfaction, contentment, and fulfillment. While happiness has many different definitions, it is often described as involving positive emotions and life satisfaction. The purpose of the present study is to investigate the relationship between the business environment and happiness indicators with corporate profitability. For this purpose, 175 top companies in the world from 2013 to 2018 that were profitable among the top 500 companies each year were selected as the statistical population. World Happiness annual report, Doing Business annual reports, and Fortune site were used to collect the data. Also the data analysis was done according to the panel data method using Stata software. The results shows that in general, there is a positive relationship between business environment and happiness indicators corporate profitability.},
     year = {2021}
    }
    

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  • TY  - JOUR
    T1  - The Relationship Between Business Environment and Happiness with Corporate Profitability
    AU  - Mehdi Khazaei
    Y1  - 2021/04/29
    PY  - 2021
    N1  - https://doi.org/10.11648/j.ijem.20210501.12
    DO  - 10.11648/j.ijem.20210501.12
    T2  - International Journal of Engineering Management
    JF  - International Journal of Engineering Management
    JO  - International Journal of Engineering Management
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    EP  - 20
    PB  - Science Publishing Group
    SN  - 2640-1568
    UR  - https://doi.org/10.11648/j.ijem.20210501.12
    AB  - Business and investment in any area requires the provision of an appropriate and secure institutional environment. One of the factors that helps to expand businesses and increase corporate profits is the right business environment. Avoiding complicated administrative bureaucracy, lending and credit, proper international trade, and the ease of obtaining the necessary permits will be helpful in this regard. On the other hand, businesses can perform better in a happy and stress-free environment. Happiness is an emotional state characterized by feelings of joy, satisfaction, contentment, and fulfillment. While happiness has many different definitions, it is often described as involving positive emotions and life satisfaction. The purpose of the present study is to investigate the relationship between the business environment and happiness indicators with corporate profitability. For this purpose, 175 top companies in the world from 2013 to 2018 that were profitable among the top 500 companies each year were selected as the statistical population. World Happiness annual report, Doing Business annual reports, and Fortune site were used to collect the data. Also the data analysis was done according to the panel data method using Stata software. The results shows that in general, there is a positive relationship between business environment and happiness indicators corporate profitability.
    VL  - 5
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    ER  - 

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Author Information
  • Faculty of Entrepreneurship, University of Tehran, Tehran, Iran

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