نوع مقاله : مقاله علمی پژوهشی
نویسندگان
1 استاد گروه حسابداری، دانشگاه آزاد اسلامی، واحد علوم و تحقیقات، تهران، ایران
2 عضو هیأت علمی، گروه حسابداری، دانشگاه آزاد اسلامی، واحد خوراسگان، اصفهان، ایران
چکیده
کلیدواژهها
عنوان مقاله [English]
نویسندگان [English]
In this paper the ability of economic and accounting performance measures in explaining values of companies have been evaluated. Economic value added, refined economic value added and market value added are as economic performance measures and net income, operating income and operating cash flows is considered as accounting performance measures. In order to data analyzing and testing the search hypothesis, we use multiple regression analysis and financial information of 70 sample companies for the period of 2000 to 2008. The results indicate that the net income, operating income, operating cash flows and market value added have explanatory power for company value. But the economic value added and refined economic value added do not have such ability. Furthermore, market value added has the most explanatory power, but because of the variety in results, we cannot have a decisive opinion about the priority of accounting performance measures in relation to each other.
کلیدواژهها [English]
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