A study of value creation criteria: An Iranian scenario

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 shareholdersʹ 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.