Studying the Relationship between the Refined Economical Value Added and Earning Per Share and Price /Earning Ratio in Tehran Stock Exchange
Journal Title: International Research Journal of Applied and Basic Sciences - Year 2012, Vol 3, Issue 5
Abstract
The research is aimed at studying the relationship between the refined economical value added (REVA) and earning per share (EPS) price/earning ratio (P/E). In the current research, the relationship between the refined economical value added and performance ordinary criteria including EPS and P/E has evaluated using data obtained from 50 firms in stock exchange bourse during 2006-2010. The obtained results suggested that there isn’t any significant relationship between refined economical value added and EPS and P/E. Although the correlation wasn’t confirmed by the statistical analysis, but this doesn’t mean that there isn’t any significant relationship between the research variables. The correlation and determinant coefficients percentages suggest that there is only a weak relationship between the refined economical value added performance ordinary criteria including EPS and P/E. however, the correlation between REVA and P/E is stronger than the correlation between REVA and EPS.
Authors and Affiliations
Mansour Garkaz*| Department of Accounting, Aliabad Katoul Branch, Islamic Azad University, Aliabad Katoul, Iran,iran8878@yahoo.com, Mahmoud Hematfar| Department of Accounting, Borujerd Branch, Islamic Azad University, Borujerd, Iran, Daryoush Javid| Department of Accounting, Borujerd Branch, Islamic Azad University, Borujerd, Iran, Hassan Farajpoori| Department of Accounting, Borujerd Branch, Islamic Azad University, Borujerd, Iran
Keywords
Related Articles
- EP ID EP5017
- DOI -
- Views 427
- Downloads 23
Economic policies of Alavi government
Economy' policy is final stage of a government authorities thinks and measures to solve socio-economic problems. In a Islamic government action plans are taken by some approaches to highlight public roles and the governm...
Rainfall-Runoff Simulation Using WMS/NFF Model in Kameh Representative Watershed (Case Study: Razavi Khorasan Province, IRAN)
Flood studies for the purpose of planning, optimal utilization and management of this natural phenomenon, such as issues with the country. The main objective of this study was to estimate the peak discharges and obtain r...
A new approach for management risk in financial markets
Behavioral finance has become one of the most active areas in financial economics. This paper presents a new approach to overcome this problem, by proposing a general framework based on stylized facts of human behavior (...
Evaluation of Bank Market Share and its Affective Determinants: Sepah Bank
Banking activities play a crucial role on economic growth along with initiation and continuation of manufacturing and service. This matter is done by suitable collection of liquidity (especially stranded assets) and corr...
An Investigation on the Relationship between Debt ratio and product market competition: Evidence from Iran
This study investigates the relationship between debt and product competitiveness in firms listed in Tehran stock exchange. Debt ratio as the dependent variable and the characteristics of a product competitiveness abilit...