Given the role and importance of Global Entrepreneurship Monitor (GEM) indicators for businesses' performance and profitability, the question arises why no research has been undertaken internationally in this regard. Therefore, the main purpose of the present study is to investigate the impact of GEM indicators on the financial performance of top companies in the world. 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, GEM reports and Fortune reports were used to collect the data. Also the data analysis was done according to the panel data method using Eviews software. The results show that in general, there is a positive relationship between GEM index and 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 shows that the per capita income has a positive and significant relationship with the financial performance of the top companies in the world.
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Journal of Global Economics received 1931 citations as per Google Scholar report
