Analysis of the relationship between Corporate Governance and Economic Value Added (EVA) in Tehran Stock Exchange

The present study is based on experimental of the relationship between corporate governance and economic value added With a sample of n = 122 firms listed in Tehran StockExchange during the period 1388 to 1385.The present study is descriptive - analytical study based on panel data. In analyzing the data stepwise and multiple regression methods were used and to estimate regression fixed effects, random effects and ordinary least squares methods were used. The results indicate that among the five elements of corporategovernance only institutional investor ownership variable have significant and positive impacts on economic value added. Moreover, causality of this variable with economic value added is confirmed by Granger causality test. Iran Khodro investment in mining and metals and Saipa, respectively, have the highest impact on corporate governance on economic value added.