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The Relationship between Economic Value Added and Cash index of the Companies Listed Tehran Stock Exchange
| Content Provider | Semantic Scholar |
|---|---|
| Author | Samarian, Zohre Habibi Yaghobi, Mehdi Karimipoya, Mohamadreza |
| Copyright Year | 2016 |
| Abstract | Nowadays, investment in stock exchange plays a major role in allocation of capital in exchange and exchange largely contributes in development of economy. Increase of liquidity and profitability in stock exchange has been mentioned as the factor which measures economic development, so that this factor derives from liquidity and profitability of firms listed in stock exchange. Detection of the relationship between economic value added and cash index of the companies listed Tehran Stock Exchange is of great importance. The main purpose of this research is to examine the relationship between economic value added and cash index of the companies listed Tehran Stock Exchange. The sample group consists of 171 companies among the companies listed Tehran Stock Exchange during 2004-2013. In this research, three variables including the funds from operating activities, the funds from investment activities and the funds from financing activities as the components of liquidity indices(independent variables), the variable of economic value added(dependent variable) and two control variables of financial leverage and company size were used. To conduct this research, three hypotheses were designed. Multivariate regression model has been used to analyze data. Software Eviews8 has been used to test hypotheses. Findings of research indicate that it can state that there is a significant relationship between liquidity indices and economic value added at 95% confidence level. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | http://irjabs.com/files_site/paperlist/r_2832_160215112636.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |