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The Relationship between Managers' Compensation and Market Value Added (MVA) in Iranian Listed Firms: Panel Data Technique

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Author Info

  • Meysam Doaei

    ()
    (Faculty of Management and Human Resource Development, Universiti Teknologi Malaysia)

  • Mohammad Hossein Vadiee

    ()
    (Faculty of Economics and Administrative Sciences, Ferdowsi University of Mashhad)

  • Hasan Bari

    ()
    (Board of Director Iranian Accounting Association in Khorasan Razavi Province)

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    Abstract

    Nowadays, manager compensation is considered as one of the motivation factors in many communities. Other researchers have been done in scientific and professional associations about what variable should be the subject of compensation. Many firms and economic organizations determine the manager compensation based on profitability rates; however, it has been criticized due to formulating some failures on modification and computation of it. So, this research has intended to investigate the relationship between manager¡¯s compensation and market value added (MVA). In this paper, it is applied panel data technique for 46 listed firms in five years. Finally, it is concluded that there is a relationship between manager¡¯s compensation and market value added in Tehran Stock Exchange (TSE) and the 47% of fluctuations is explained by the defined regression model.

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    Bibliographic Info

    Article provided by Better Advances Press, Canada in its journal Review of Economics & Finance.

    Volume (Year): 2 (2012)
    Issue (Month): (November)
    Pages: 37-42

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    Handle: RePEc:bap:journl:120404

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    Related research

    Keywords: Compensation; Market value added; Panel data technique; Tehran Stock Exchange;

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