A study of the relationship between the share and criterion of companiesʹ performance using profit and cash flows: Some Iranian evidence

The aim of the current study is to present a relationship between share yield and criterion of companiesʹ performance using profit and cash flows and items of listed companies on Tehran Stock Exchange during 2004 to 2009. Results show that, there is no meaningful relationship between independent variables such as gross profit, operational profit, profit before tax, net profit and operational cash flow, while cash flow does not exist for free items in the independent variable known as share yield.