The Relationship between Economic Value Added and Refined Economic Value Added with Stock Returns in the Companies Listed in Tehran Stock Exchange (to the Breakdown of Industries)

In this study entitled ʹʹThe survey of the relationship between economic value added and refined economic value added with stock returns in the companies listed in Tehran Stock Exchange (to the breakdown of industries)ʹʹ, is investigated 145 companies member in Tehran Stock Exchange between years 2005-2009. In order to analyze data has been used Eviews software and panel data regression model which has been received much attention in recent years. The research results indicated that among the studied financial measures of performance evaluation in this research, almost in all industries, the relationship between economic value added with stock returns is better than refined economic value added that this result is contrary to the first hypothesis test result about the whole industries which in that hypothesis the relationship between refined economic value added with stock returns is better than economic value added.