فهرست نشریات علمی دسترسی آزاد ایران

This study examines how regulated feedstock pricing and managed exchange rate policies influence the production and profitability of Iran's public petrochemical companies from 2012 to 2023. Our panel data DOLS and FMOLS analyses of 10 natural gas-based petrochemical firms revealed that the policy variables exert a moderately negative impact on company production. The results showed that increases in the feedstock prices would not affect the nominal net profit significantly. However, one percent rise in exchange rates leads to a 3.4 percent increase in corporate profits, possibly due to cheaper petrochemical products for international buyers. As the main policy recommendation, we propose that the Iranian government set the exchange rate with caveats to prevent high production costs of the petrochemical companies. We also recommend that, in the long run, the government improve the competitive advantage of the Iranian petrochemical companies in the global markets by improving productivity and reducing production costs rather than devaluing the national currency.