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Study of information content Equity Market Value in predicting Shareholder Value Added and Created Shareholder Value Evidence from Tehran Stock Exchange
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M. A. Kheyrkarkeshavarz   , M. Samadi Largani , M. R. Pourali lakelaye |
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Abstract: (8565 Views) |
| The aim of this paper is to investigate the relationship between Equity Market Value (EMV)
and measures of creation value of the performance evaluation (Shareholder Value Added (SVA) and
Created Shareholder Value (CSV)) in Tehran Stock Exchange. Thus this paper examined the creation
value in Iranian Companies by Alfred Rappaport model and to assess the relationship, liner regression
tests were used and the following hypotheses were tested: 1) There is a relationship between Equity
Market Value and SVA. 2) There is a relationship between Equity Market Value and CSV. The
Research results indicate that, there is not significant relationship between Shareholder Value Added
and EMV while there is a positive significant relationship between Created Shareholder Value and
EMV. It was found that an increase in EMV is a positively -to- impact on Created Shareholder Value.
Keywords: Equity Market Value, Value Creation Measures, Performance Evaluation. |
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Full-Text [PDF 629 kb]
(3300 Downloads)
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Type of Study: Research |
Subject:
Special
Received: 2013/03/18 | Published: 2013/03/15
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