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Analyzing the relationship between economic value added (EVA) and accounting variables with share market value in Tehran stock exchange (TSE)

Nakhaei, Habibollah and Abdul Hamid, Nik Intan Norhan (2013) Analyzing the relationship between economic value added (EVA) and accounting variables with share market value in Tehran stock exchange (TSE). Middle East Journal of Scientific Research, 16 (11). pp. 1589-1598. ISSN 1990-9233

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Abstract

The purpose of this study is to examine the relative explanatory power of the economic value added (EVA) model with respect to share market value (MV) compared to recognized accounting variables (net profit and operational profit) in the context of Tehran Stock Exchange (TSE). The sample involves 87 non-financial companies listed in Tehran Stock Exchange (TSE) over the period 2004-2008. Pearson correlation coefficient and regression method was employed to analysis the scondary data. The results show there are more relationship among accounting variables (NP and OP) and share market value (MV) than economic value added (EVA). Although, the relationship between EVA and share market value is significant

Item Type:Article
Uncontrolled Keywords:cost of capital, economic value added, net profit, opertional profit, share market value
Subjects:H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Divisions:Management
ID Code:50563
Deposited By: Siti Nor Hashidah Zakaria
Deposited On:02 Dec 2015 10:09
Last Modified:31 Oct 2018 20:39

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