Business, Management and Accounting
6 years ago

Study reveals link between company performance and shareholder wealth in Tehran Stock Exchange.

JOURNAL OF ADVANCES IN HUMANITIES
The comparison between the market value (MVA) the net profit after tax by economic value added (EVA) to net profit after tax of the companies listed on the in Tehran Stock Exchange.
Amir Rahimi Ashtiani, Saleh Payande Ashtiani

Paper Summary

The study compared market value and net profit after tax using Economic Value Added (EVA) for companies on the Tehran Stock Exchange from 2007 to 2014. The goal was to see if EVA alone can predict a company's market value. The researchers found a positive correlation between market value and EVA in all companies, but EVA alone is not enough to predict market value. Only the automotive and pharmaceutical industries showed a significant relationship between the variables, while other industries did not.

Related papers

Business, Management and Accounting
a year ago

Interest Expenses Drive Record Net Profits, Income Impact Weak

Financial Management
Corporate Governance
Leadership Impact
2 views
Economics, Econometrics and Finance
2 years ago

COVID-19 Pandemic Impacts Nepalese Banks' Profits, Urges Cost-Cutting and E-Banking.

COVID-19 Impacts
2 views
Business, Management and Accounting
2 years ago

Operating Costs Impact Net Income: Lower Expenses Lead to Higher Profits.

Financial Management
Production Management
Multimedia Learning