TY  - JOUR
T1  - Valuation of Value by Using the Residual Income (RI) Approach of the
Listed Companies in Tehran Stock Exchange
AU - Sheikhmoradi, Saman AU - Sedaghat, Parastoo 
JO  - International Business Management
VL  - 10
IS  - 27
SP  - 6286
EP  - 6292
PY  - 2016
DA  - 2001/08/19
SN  - 1993-5250
DO  - ibm.2016.6286.6292
UR  - https://makhillpublications.co/view-article.php?doi=ibm.2016.6286.6292
KW  - Tehran Stock Exchange
KW  -residual income
KW  -economic value of firm
KW  -companies
KW  -cash flow
AB  - The objective of the present study is to determine the economic value by using residual income
formula of listed companies in Tehran Stock Exchange, so residual income is the measure of performance. The
results of the hypothesis testing indicate that a significant difference between residual income and value of the
firm is observed. In this study, the market value added changes criterion has been used to measure the value
of the company. For this purpose, 121 companies have been selected from Tehran Stock Exchange through
screening technique during a 7 years period from 1386-1392. The data has been collected through the
companies’ financial statements published on the Tehran Stock Exchange site. For data analysis, multivariate
regression analysis has been used. The results obtained from hypothesis test indicate that no significant
difference has been observed between free cash flow and the company’s value. The results show that residual
income can be used to determine the value of listed companies in Tehran Stock Exchange.
ER  -