April 26, 2024
Ebrahim Heidari

Ebrahim Heidari

Academic Rank: Associate professor
Address:
Degree: Ph.D in Economics
Phone: 09173712463
Faculty: School of Business and Economics

Research

Title
Investigating The Relationship Between Economic Value Added and Market Value Added in Energy Intensive Industries Listed in Tehran Stock Exchange
Type Thesis
Keywords
: ارزش افزوده بازار، ارزش افزوده اقتصادي، ارزيابي عملكرد، صنايع انرژي بر، بورس اوراق بهادار تهران
Researchers Samira Hojat kho (Student) , Mohammad Rezaei (Primary advisor) , Ebrahim Heidari (Advisor)

Abstract

Background: here Evaluating the performance of each economic unit in the decision-making process with regard to the development and importance of the role of the capital market is one of the most important issues in the financial and economic field. Aim: testing the performance of evaluation indicators in order to evaluate the performance of organizations is a necessity. On the other hand, because calculating the economic value added of a company is a difficult and time consuming task Have you ever studied a society that calculates it and examines its relationship with the market value added variable Especially in the energy industry, it has not been done on the Tehran Stock Exchange Therefore, in this study, the relationship between economic value added index (EVA) and market value added (MVA) in energy industry companies listed on the stock exchange has been investigated. Methodology: In order to conduct this research from the annual composite data (panel) of 38 companies active in the energy industry has been used in the period from 1390 to 1398 and They were tested using multivariate regression model. Conclusions: The results showed that there is a significant relationship between the evaluation criterion of economic value added performance and the rate of return on investment with the criterion of market value added in the energy industry on the stock exchange and Shareholders and investors should pay special attention to their economic value added in order to make more favorable and rational decisions for their investment and evaluate the performance of companies, while considering the accounting information of companies. Because economic value added is closely related to the real economic profit of the company and is a very appropriate measure to create value for shareholders, and in fact this measure is a way to measure the effectiveness of the operation of the organization or company.