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

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...

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Main Authors: Nakhaei, Habibollah, Abdul Hamid, Nik Intan Norhan
Format: Article
Published: IDOSI Publications 2013
Subjects:
HD28 Management. Industrial Management
Online Access:http://eprints.utm.my/id/eprint/50563/
http://idosi.org/
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id my.utm.50563
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spelling my.utm.505632018-10-31T12:39:04Z http://eprints.utm.my/id/eprint/50563/ Analyzing the relationship between economic value added (EVA) and accounting variables with share market value in Tehran stock exchange (TSE) Nakhaei, Habibollah Abdul Hamid, Nik Intan Norhan HD28 Management. Industrial Management 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 IDOSI Publications 2013 Article PeerReviewed 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 http://idosi.org/ DOI: 10.5829/idosi.mejsr.2013.16.11.12053
institution Universiti Teknologi Malaysia
building UTM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Teknologi Malaysia
content_source UTM Institutional Repository
url_provider http://eprints.utm.my/
topic HD28 Management. Industrial Management
spellingShingle HD28 Management. Industrial Management
Nakhaei, Habibollah
Abdul Hamid, Nik Intan Norhan
Analyzing the relationship between economic value added (EVA) and accounting variables with share market value in Tehran stock exchange (TSE)
description 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
format Article
author Nakhaei, Habibollah
Abdul Hamid, Nik Intan Norhan
author_facet Nakhaei, Habibollah
Abdul Hamid, Nik Intan Norhan
author_sort Nakhaei, Habibollah
title Analyzing the relationship between economic value added (EVA) and accounting variables with share market value in Tehran stock exchange (TSE)
title_short Analyzing the relationship between economic value added (EVA) and accounting variables with share market value in Tehran stock exchange (TSE)
title_full Analyzing the relationship between economic value added (EVA) and accounting variables with share market value in Tehran stock exchange (TSE)
title_fullStr Analyzing the relationship between economic value added (EVA) and accounting variables with share market value in Tehran stock exchange (TSE)
title_full_unstemmed Analyzing the relationship between economic value added (EVA) and accounting variables with share market value in Tehran stock exchange (TSE)
title_sort analyzing the relationship between economic value added (eva) and accounting variables with share market value in tehran stock exchange (tse)
publisher IDOSI Publications
publishDate 2013
url http://eprints.utm.my/id/eprint/50563/
http://idosi.org/
_version_ 1643652808581316608
score 13.211869

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