The impact of performance measures, leverage and efficiency on market value added: Evidence from Iran

Mohammad Alipour, Mohammad Ebrahim Pejman
  • Global Economics and Management Review, January 2015, Elsevier
  • DOI: 10.1016/j.gemrev.2015.04.001

eva and mva

What is it about?

The purpose of this paper is to investigate economic value added (EVA), as a performance measurement model, as compared to six traditional accounting performance measures vis-à-vis the market value of firms listed on Tehran Stock Exchange (TSE). The paper also explores the effect of the degree of operating leverage, financial leverage, and efficiency on market value added.

Why is it important?

The purpose of this paper is to investigate economic value added (EVA), as a performance measurement model, as compared to six traditional accounting performance measures vis-à-vis the market value of firms listed on Tehran Stock Exchange (TSE). The paper also explores the effect of the degree of operating leverage, financial leverage, and efficiency on market value added.

Perspectives

Mohammad Alipour
khalkhal branch, islamic azad university

The purpose of this paper is to investigate economic value added (EVA), as a performance measurement model, as compared to six traditional accounting performance measures vis-à-vis the market value of firms listed on Tehran Stock Exchange (TSE). The paper also explores the effect of the degree of operating leverage, financial leverage, and efficiency on market value added.

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http://dx.doi.org/10.1016/j.gemrev.2015.04.001

The following have contributed to this page: Mohammad Alipour