Sajad Khosravirad - Department of Accounting, Qeshm Branch, Islamic Azad University, Qeshm, Iran
Zadeleh Fathi - Department of Accounting, Qeshm Branch, Islamic Azad University, Qeshm, Iran
Sayed Nima Valinia - Department of Accounting, Qeshm Branch, Islamic Azad University, Qeshm, Iran

Abstract: In the stock market, investors are always seeking high profits. They purchase whatthey regard as the best stocks with the highest amount of return. To what extent managers’activities and objectives are in line with shareholders’ expectations, or to what extent their goalsconform to stockholders’ profits, or how much managers were successful in creating value andwealth for shareholders are determined through performance evaluation. The present studyaims to investigate the correlation between economic and market value added and dividendyield of the companies listed on Tehran Stock Exchange. For this purpose, 87 companies amongthem were examined as research samples. The results showed no significant correlationbetween economic value-added and dividend yield. In addition, there is a positive and significantcorrelation between market value-added and dividend yield.

Economic Value-added, Dividend Yield, Stock Exchange