EVA’s and REVA’s relative and growing information on benefit predictions in Tehran stock exchange market accepted companies

Abstract

The current research tries to introduce economic evaluation standards to the users and to increase the EVA’s and REVA’s relative and growing information content on benefit predictions. To reach this goal, the present research was done by testing 6 hypotheses in Tehran Stock Exchange Market during 1996 to 2008. Pearson correlation coefficient, determination coefficient and simple linear and multi-variable regression analyses were used for the data statistical analysis and testing the research hypothesis tests. Results from research hypothesis tests show that there is a significant relation between EVA and REVA on one hand and operating profit on the other. Also, EVA and REVA have increased information content.