THE RELATIONSHIP BETWEEN THE ECONOMIC VALUE ADDED (EVA) AND REFIND ECONOMIC VALUE ADDED (REVA) TO STOCK RETURN

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MAHDAVI GHOLAMHOSSEIN; GOUYANDEH KAMAL

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Journal: The Financial Accounting and Auditing Researches Year:2009 | Volume:1 | Issue:2 Page(s): 61-86

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Title

THE RELATIONSHIP BETWEEN THE ECONOMIC VALUE ADDED (EVA) AND REFIND ECONOMIC VALUE ADDED (REVA) TO STOCK RETURN

Author(s)

MAHDAVI GHOLAMHOSSEIN | GOUYANDEH KAMAL | Issue Writer Certificate

Keywords

PERFORMANCE EVALUATION MEASURESQ2

ECONOMIC VALUE ADDEDQ2

REFINED ECONOMIC VALUE ADDEDQ3

STOCK RETURNQ2

Abstract

Performance evaluation is an activity that helps stockholders make a decision in an optimal investment. Copeland (2002) believes that none of the traditional performance evaluation benchmarks, such as income, earnings per share and income growth, have a correlation with total return for stockholders. Among other criteria for performance evaluation, which might have a correlation with created return for stockholders are ECONOMIC VALUE ADDED (EVA) and Refined ECONOMIC VALUE ADDED (REVA). The purpose of this paper is, therefore, to investigate the relationship between EVA and REVA to STOCK RETURN for Iranian companies accepted in the Tehran Stock Exchange (TSE). With that regard, using the combined data of company and year, 71 companies accepted in the TSE have been tested in 10 years. The research hypothesizes have been tested using the Pearson correlation coefficient.The research findings show that there is no significant relationship between the ECONOMIC VALUE ADDED and the Refined ECONOMIC VALUE ADDED to STOCK RETURN.

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APA: Copy

MAHDAVI, GHOLAMHOSSEIN, & GOUYANDEH, KAMAL. (2009). THE RELATIONSHIP BETWEEN THE ECONOMIC VALUE ADDED (EVA) AND REFIND ECONOMIC VALUE ADDED (REVA) TO STOCK RETURN. THE FINANCIAL ACCOUNTING AND AUDITING RESEARCHES, 1(2), 61-86. SID. https://sid.ir/paper/198006/en

Vancouver: Copy

MAHDAVI GHOLAMHOSSEIN, GOUYANDEH KAMAL. THE RELATIONSHIP BETWEEN THE ECONOMIC VALUE ADDED (EVA) AND REFIND ECONOMIC VALUE ADDED (REVA) TO STOCK RETURN. THE FINANCIAL ACCOUNTING AND AUDITING RESEARCHES[Internet]. 2009;1(2):61-86. Available from: https://sid.ir/paper/198006/en

IEEE: Copy

GHOLAMHOSSEIN MAHDAVI, and KAMAL GOUYANDEH, “THE RELATIONSHIP BETWEEN THE ECONOMIC VALUE ADDED (EVA) AND REFIND ECONOMIC VALUE ADDED (REVA) TO STOCK RETURN,” THE FINANCIAL ACCOUNTING AND AUDITING RESEARCHES, vol. 1, no. 2, pp. 61–86, 2009, [Online]. Available: https://sid.ir/paper/198006/en

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