M.A. Thesis:

the relationship between management ownership with market value added and economic value added

The purpose of this study was to determine the relationship between managerial ownership with market value added and economic value added in listed companies in Tehran Stock Exchange. The independent variables in this study are managerial ownership and related variables, market value added and economic value added. To collect data, data of 132 companies listed in Tehran Stock Exchange during 2009-2010 were analyzed. The statistical technique used to test the hypotheses presented in this research is the panel data model of the fixed effects panel. Results showed a significant and positive relationship between managerial ownership with market value added but no relationship was found between managerial ownership with economic value added.

Keywords: Keywords: managerial ownership, market value added, economic value added