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An Empirical Study of Value Creation Criteria: Case of Iran

Author

Listed:
  • Godratallah TALEBNYA

    (Islamic Azad University, Science and Research Branch, Tehran, Iran)

  • Mahdi SALEHI

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

  • Hashem VALIPOUR

    (Faculty Member of Islamic Azad University, Firooz Abad Branch, Iran)

  • Zahra YOUSEFI

    (Islamic Azad University, Daryon Branch, Iran)

Abstract

Today’s investors, creditors, and managers are look for an on-time and reliable index, with the goal of evaluating value creation amount. The aim of this study is inducing of voluble measures to users and increasing their understanding yielded these measures by comprise informative contexts accounting and economic measures for this purpose, present study by testing hypotheses and selecting 92 companies listed in Tehran’s Stock Exchange, from 2004 to 2008 is performed. The results of the study reveal that there is meaningful relation between accounting measures, just ROI and EPS with value creation.

Suggested Citation

  • Godratallah TALEBNYA & Mahdi SALEHI & Hashem VALIPOUR & Zahra YOUSEFI, 2009. "An Empirical Study of Value Creation Criteria: Case of Iran," Timisoara Journal of Economics, West University of Timisoara, Romania, Faculty of Economics and Business Administration, vol. 2(4(8)), pages 169-180.
    • Handle: RePEc:wun:journl:tje:v02:y2009:i4(8):a02
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    References listed on IDEAS

    as
    1. Bartram, S.M., 2000. "Corporate Risk Management as a Lever for Shareholder Value Creation," Papers 00-58, Southern California - School of Business Administration.
    2. Harmsen, Hanne & Jensen, Bjarne, 2004. "Identifying the determinants of value creation in the market: A competence-based approach," Journal of Business Research, Elsevier, vol. 57(5), pages 533-547, May.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    value creation; performance analysis; economic measures; and accounting measures;
    All these keywords.

    JEL classification:

    • C12 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Hypothesis Testing: General
    • C81 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Microeconomic Data; Data Access
    • D46 - Microeconomics - - Market Structure, Pricing, and Design - - - Value Theory
    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General

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