The Relationship Between EVA and EPS and DPS Of Listed Companies in Tehran Stock Exchange

Publish Year: 1395
نوع سند: مقاله ژورنالی
زبان: English
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شناسه ملی سند علمی:

JR_JARA-1-3_002

تاریخ نمایه سازی: 12 دی 1395

Abstract:

Maximizing the profit from investment firms are major shareholders in the target .. now the leading indicator of economic value added as internal performance measurement (measure for estimating the value of the company) are mentioned. The most fundamental decision-making criteria that may be involved as investors and Eps) Dps dividends) of the shareholders. Since the company's EVA economic value can be measured properly, therefore, we decided to study the relationship between EPS and DPS and EVA, a way to achieve the main goal of maximizing the wealth of the investors through investments made to increase the profits earned.For the purposes of this study suggest hypotheses are formulated as follows:First hypothesis: the EVA EVA as a measure of firm valuation and earnings per share EPS growth, there is a significant relationship.Second hypothesis: the EVA EVA as a measure of firm valuation and dividend per share DPS, there is a significant relationship.This article EPS and DPS data of 21 companies from 50 leading companies in Tehran Stock Exchange for the years 1388 to 1391 were collected according to available information, the Company has a total of 149 years using SPSS software and Pearson correlation test has been evaluated.The results of the study showed a significant relationship between EPS and DPS with no economic value

Authors

Hossein Asadi

Department of Accounting, University of Mashhad, Islamic Azad University