بررسي رابطه بين رشد ارزش افزوده اقتصادي و اهرم عملياتي و ارزش شركت

Examination of the relationship between Economic Value Added and Operational Leverage, for companies at Tehran Stock Exchange (TSE)

This study examines the relationship between Economic Value Added and Degree of Operating Leverage. The main target of this study is introducing Economic Value Added as a performance appraisal and value assessment index, thus the relationship between EVA and DOL , saleʹs growth and profitʹs growth , for companies at Tehran Stock Exchange, was examined , for the period 2002 through 2007 ,in order to find the most suitable index. For testing the hypothesises of this research , Multiple Regression Method was used for cross - sectional data. The results show that EVA has meaningful relationship with both DOL and profitʹs growth .But EVA has no meaningful relationship with saleʹgrowth. The results also indicate most powerful relationship between EVA and profitʹs growth compare to relationship between EVA and DOL.