Conformity assessment of performance measurement results of investment companies listed in Tehran Stock Exchange (Rely on EVA and EPS)

One of the basic tenets of capitalism is committed for creating and enhancing shareholders’ wealth. Nowadays, Economic Value Added as the best indicator of internal performance evaluation is mentioned. In this paper, superiority of Economic Value Added compare to the Earning per Share with Shareholdersʹ Wealth in investment companies listed in Tehran Stock Exchange and proximity of these two criteria in investment companies and non-investment companies due to lower beta coefficient in investment companies will be reviewed. Financial data of a number of investment and non-investment companies listed in Tehran Stock Exchange has been collected and through statistical tests the correlation between Economic Value Added and Shareholdersʹ wealth, Earning Per Share and Shareholdersʹ Wealth in investment companies and also amount of difference between these two criteria in investment and non-investment companies due to their beta coefficient has been reviewed. The results showed that in sample companies Economic Value Added has significant correlation with Shareholdersʹ Wealth, while Earning per Share has no significant correlation with Shareholdersʹ Wealth, Also the Economic Value Added and Earning per Share in investment companies are closer to each other than in non-investment companies.