Investigating the Relation between Market Value Added (MVA) To Earning Ratio with Economic Value Added (EVA) To Earning Ratio (Tehran Stock Exchange)

Optimal Performance resulted in increase of company value and ultimately increase wealth Of shareholders .The main challenge of managing trade institutions is creating Value for institutions in particular and wealth crating for shareholders in particular. Today economic value added is considered as the highest index from wealth for shareholders. This index has a close relation ship with market value added as external index of wealth creation. This research is a comparative review between relative market value added (MVA) favor accounting profit and economic value added in favor of accounting in companies accepted at Tehran stock Bond Bourse from the year 1382 until 1386 . So that on this basis one can have access to internal performance assessment criteria ,a representative market value that is considered achieved. Statistical methods This study , along with linear regression together with determination ratio and E views software is used to test hypotheses. The results show a positive relationship-though a weak one- as variable Dependent to (EVA/Earning) as independent variable in all companies under study regardless to their industry . There for in accepted companies in Tehran Stock Bond Bourse (EVA/Earning) as an internal performance alone can not measure criteria , predict values market . In the Group companies and industries being reviewed except pharmaceutical and automobile manuactur- ing industries which showed a meaningful relationship between variables, in other remaining industries there was no significant relationship between variables .