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ARPN Journal of Science and Technology >> Volume 7, Issue 1, January 2017

ARPN Journal of Science and Technology


Comparison of information content value creation measures (EVA, REVA, MVA, SVA, CSV and CVA) and accounting measures (ROA, ROE, EPS, CFO) in predicting the Shareholder Return (SR) Evidence from Iran Stock Exchange

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Author Moreteza hajiabbasi, Meysam Kaviani, Navid Samadi Largani, Mahmoud Samadi Largani, Hamzeh montazeri
ISSN 2225-7217
On Pages 517-521
Volume No. 2
Issue No. 5
Issue Date June 01, 2012
Publishing Date June 01, 2012
Keywords Accounting measures, creation value measures, Shareholder Return



Abstract

The aim of this article is to use of the creation value measures and accounting measures in predicting shareholder return in the Tehran Stock Exchange. This research was conducted using secondary data sourced for the period 2007-2011. The sample included listed firms 76 Iran Stock Exchange. Also ten hypotheses have been provided for this study. Every hypothesis examined the relationship between accounting measures and creation value measures with SR. Spearman's correlation coefficient test has been used for examining research hypotheses and multiple regression techniques have been applied for testing significance of research hypotheses. The Research results indicate that there is not significant relationship between creation value measures of EVA, REVA, MVA, SVA and CVA and accounting measures of ROE, EPS and CFO with shareholder return (SR), while there is a significant relationship of positive between CSV with SR, also there is a significant relationship of negative between accounting measure of ROA with SR. Generally the results showed that CSV is more correlated.


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2012 ARPN Publishers