The aim of this article is review the content of information AND to explain effects of  EVA, REVA in concerning market VALUE ADDED of companies in the Tehran stock exchange for guiding management, investors, government AND creditors a mechanism to review. Survey included manufacturing companies adopted in the Tehran Stock Exchange for a four-year period from the years 1383 to 1386, sample survey is based on the systematic elimination method includes 68 affiliated companies in Tehran Stock Exchange. Also, given that the type of data research is balanced panel for data analysis we used E_Views software AND we used tests of, f, Hasman, Watson Durbin, least squares AND the correlation coefficient AND coefficient of determination. Findings show there is no significant correlation between two variable economic VALUE ADDED AND market VALUE ADDED. In the other hAND between two variables refined economic VALUE ADDED AND market VALUE ADDED is significant correlation also with entering make both economic VALUE ADDED AND refined economic VALUE ADDED in model, the coefficient is lower than the case in the regression model, so refined economic VALUE alone can explain the VALUE changes ADDED more than economic VALUE ADDED.Book VALUE is not equal to market VALUE ADDED AND the book VALUE of capital cannot express market VALUEs AND expectations of investor for decisions, AND demonstrate the economic VALUE ADDED AND refined economic VALUE ADDED are not good substitute to each other considering rate of inflation.

VALUE creation as a new paradigm is a factor in investment criterion, so it can measure AND manage shareholder,s VALUE to maximize wealth AND return of shareholders. In this subject, management shareholder,s VALUE(MSV) suggests some tools such as economical VALUE ADDED (EVA), market VALUE ADDED (MVA) AND cash VALUE ADDED (CVA).In this paper we have examined management shareholder,s VALUE in capital stock exchange companies during the years 1380 to 1385, number of companies existed in metal industry group were about twenty six but only twenty four companies financial information (observations) were available for our sample test.We have examined VALUE based factors such as economical VALUE ADDED AND market VALUE ADDED with shareholders VALUE ADDED (SVA) by regression analysis AND according to the result, correlation between these variables (EVA & MVA) with (SVA) proved, there was a negative correlation between (EVA) AND (SVA) AND  positive correlation between (MVA) AND (SVA) so, the results indicate that they are appropriate predictors in managing investment VALUE ADDED for investors.

Assessment of potential VALUE-ADDED of agricultural subsectors AND the gap between the potential AND actual VALUE-ADDED plays a significant role in setting the policies related to the growth of agriculture sector. This study aimed mainly at estimating the potential VALUE-ADDED of agricultural subsectors in Iran. For this purpose, Hodrick-Prescott, Baxter-King, AND Christiano-Fitzgerald filters were applied on the annual statistical data for the period spanning from 1991 to 2014. Once finished with the assessment of the potential VALUE-ADDED AND the gap between potential AND actual VALUE-ADDED, the research went for an investigation on the effects of production level, price, facilities AND subsidies on the VALUE-ADDED gap across the subsectors. The results indicated a significant difference between potential AND actual VALUE-ADDED during the considered period, pointing out unused capacities across the agricultural sector. Regression analysis results also confirmed significant AND positive contributions of production level to the gap in livestock AND fishery subsectors. Accordingly, it was recommended to pay further attention to the provision of required infrastructures AND credits for using potential capacities in different subsectors.

The Economic VALUE ADDED (EVA) AND Free Cash Flow (FCF) are main measures of VALUE measurement that both don’t have other accounting measures inadequacy. If EVA AND FCF be used with Cash VALUE ADDED (CVA) AND Residual Income (RI) measures will cause symmetry between shareholders AND management interests. In addition to the mentioned measures apply to report firms of economic VALUEs. This research investigated the relation among CVA, EVA, FCF AND RI as independent variables with created shareholders VALUE (CSV) as dependent variable. To perform this research, the data for 74 publicly listed firms in Tehran Stock Exchange during 2005-2009 were used. For this purpose, sample firms were divided in two group. Group1 including the firms were created VALUE (the shareholder return exceeds the required return), group2 including the firms were destroyed VALUE (the shareholder return is less than the required return). For testing hypotheses regression analysis methods AND comparison of tow equation regressions with SPSS were used. Findings showed that model of EVA AND FCF with R2 0.317 is the best model AND model of EVA AND CVA with R2 0.163 is the weakest predicted model for created shareholders VALUE.The research showed to listed firms in Tehran Stock Exchange, EVA AND RI the best of index for estimate CSV, too if they be used with index such as CVA, FCF…, they will have better results.

The benefit conflicts between stockholders AND management is one of the arguments that has attracted the attention of researchers in recent decades. Based on the review of the related literature on Corporate Governance structure or the type of ownership can posed as an approach solving the problem. So this study investigates the effects of ownership type on operating performance of the listed companies in Tehran Stock Exchange. The statistical sample includes 68 companies over a period of five years (1383-1387). The statistical approach was a one-way AND a two-way ANOVA. The findings show that ownership type has a significant effect on the ROA, EPS, EVA AND P/E of the companies. The results of Toki test show that regarding EPS it can not be said which group of different type of ownership has the least or the most effect on this factor, but regarding ROA AND EVA it should be said that this is the managerial ownership which has the most effect on this factors. Furthermore, the institutional ownership has the most effect on P/E factor. But not on the criteria of ROE, ROI, RI, REVA, MVA, AND Q of the companies from the statistical points of view. Also, in the study of the simultaneous effects of the type of industry AND ownership on operating performance of companies, operating performance based on accounting approach is not effected by the industry factor whereas operating performance based on the three different APPROACHES of financial, VALUE ADDED AND INTEGRATIVE is affected by the industry factor.

According to literature, VALUE of an asset is equal to the net present VALUE of future cash flows expected from that asset. Therefore, it appears that historical data would not dictate to determine the VALUE of an asset. But, it is witnessed in the market that investors make their decisions based on the historical financial statements [2]. Meanwhile, Stewart [8] claims that economic VALUE ADDED, which is calculated using historical data, can precisely determine the market VALUE ADDED AND, therefore, we should cease using other yardsticks such as accounting net profit. On this basis, first it was attempted to test this claim in the Tehran Stock Exchange Secondly, determine what is the relative degree of workability of this measure with the accounting net profit, which is a simple AND traditional yardstick. The result indicates that in the Tehran Stock Exchange, both the economic VALUE ADDED, AND the accounting net profit are weak AND inefficient measures in determining the market VALUE ADDED.

Performance assessment in decision making process AND paying attention to the development AND increasing importance of capital market is one of the most important subjects in financial management Economic market ADDED VALUE is one of major criteria for assessment management well doing. So it is a necessity to test financial measures to assess companies economic performance, i. e ROI, RI, ROS, EVA AND MVA. In this article, we present, the results of our research based on active industries accepted in Exchange Market for the time period 1999-2001.