Explanation of the importance of innovation and government support on profit of Food industry companies listed on the Tehran Stock Exchange

Maryam Fosouli, Jamal KhaniJazani, Arash Hajikarimi

Abstract


Development of food industry and paying more attention to the quality of the productionsopens up also new possibilities for the issuance of additional products and all evidences suggest that with developmentof food industries, we can gain more Rial and foreign exchange revenue. Since profitability is an important indicator of performance evaluation of companies, therefore identifying factors that increase the profitability of companies is of great importance. In this study to assess factors affecting the profitability of companies that are active at food industry, we reviewed important factors such as innovation in companies, Service Supporting the supplier's Product (SSP), Service supporting the client's action in relation with the supplier's product (SSC),state economic and social support. During the study after identifying the dimensions of the issue some hypotheses were formulated and survey research and statistical methods were used to test the hypotheses. Quintet whole Likert questionnaire was setted out to collect the information and was given to the members of sample tio be completed. To determine the justifiability of research questionnaire content validity test was used according to opinions of experts and using SPSS software reliability of questionnaire was attained 0.825.The statistical population of this research was food industry companies listed in Tehran stock exchange and sampling method in this research has been as possible (random) simple and the sample size due to unlimited statistical population using the Cochrane formula for unlimited community was considered 196.The research hypotheses were tested through correlation and regression and for analyzing data and testing hypotheses, SPSS statistical software was used.The results indicated that all the factors in the study that were considered as influencing factors on profitability of companies on hypothesis, had significant effect on profitability of food industry companies. . 

Keywords


Innovation, Service Supporting the supplier's Product (SSP), Service supporting the client's action in relation with the supplier's product (SSC), State Economic Support, State Social support and profitability.

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