African Journal of
Business Management

  • Abbreviation: Afr. J. Bus. Manage.
  • Language: English
  • ISSN: 1993-8233
  • DOI: 10.5897/AJBM
  • Start Year: 2007
  • Published Articles: 4199

Full Length Research Paper

A study of value creation criteria: An Iranian scenario

Mahdi Salehi1*, Hashem Valipour2 and Zahra Yousefi3
  1Department of Accounting, Islamic Azad University, Takestan Branch, Iran. 2Department of Accounting, Islamic Azad University, Firooz Abad Branch, Iran. 3Islamic Azad University, Daryon Branch, Iran.
Email: [email protected]

  •  Accepted: 20 January 2011
  •  Published: 18 May 2011

Abstract

 

Measuring shareholder value creation has been the subject of discussion all around the world. It has become crucial since companies are increasingly committed to creating shareholders’ value. The aim of this study is to induce voluble measures to users and increase their understanding. In this study, these measures are obtained by using informative contexts comprising accounting and economic measures for this purpose. The main hypothesis and the sub-hypotheses are tested and 92 companies listed in Tehran Stock Exchange are selected in the four year period (2005 to 2009). The results of the study reveal that according to the findings, there is meaningful relationship between economic measures and value creation.

 

Key words: Value creation, performance analyzes, economic measures, accounting measures.