IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this article

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

Listed author(s):
  • 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)

Registered author(s):

    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.

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL:
    Download Restriction: no

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

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

    in new window

    Handle: RePEc:bap:journl:120404
    Contact details of provider: Postal:
    17 Alton Towers Circle, Unit 101 Toronto, ON, M1V3L8, Canada

    Phone: +1-647-728-3961
    Web page:

    Order Information: Postal: 17 Alton Towers Circle, Unit 101 Toronto, ON, M1V3L8, Canada

    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:bap:journl:120404. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Carlson)

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.