The impact of performance measures, leverage and efficiency on market value added: Evidence from Iran

摘要: Abstract The purpose of this paper is to investigate economic value added (EVA), as a performance measurement model, compared six traditional accounting measures vis-a-vis the market firms listed on Tehran Stock Exchange (TSE). also explores effect degree operating leverage, financial and efficiency added. uses sample 450 firm-year observations from Iranian applies pooled ordinary least square panel data regression. results indicate that EVA has no superiority over other measures, return sales assets are more powerful than in explaining firm value. Due EVA's lack correlation with value, investors cannot use it an internal creation measure along measures. This one first studies relevance value-based TSE values. extend role values, address its investors’ decisions continental Asian characteristics similar Iran.