نوع مقاله : مقاله پژوهشی
عنوان مقاله English
نویسنده English
The investment is one of the key factors on economic development in every society, but the investors’ need the criteria for evaluation of companies. The traditional criteria such as EPS, rate of profit, rate of return, cost of capital, and the other criteria’s that only based on present value of stock holders future income can not be used as a credible criteria for evaluation of the performance.
One of the criteria which can be helpful in the investors’ decision making is (E.V.A). E.V.A is a value which has been created by operational activities and applies for evaluation of companies’ performance and the managers’ motivation plans. This research has paid attention to the survey of E.V.A during 2002-2003 in (N.I.C.I.Co).
The results show that E.V.A in 2003 decreased 47 percent relative to 2002, because of the low rate of return on assets. Low investment rate and the decline of copper price which caused 65 percent decline in profit earned by stockholders
کلیدواژهها English
