The relationship between the effects of implementation of EFQM and Market Value Added(MVA) of Accepted Companies in the Exchange

Subject Areas : Management Accounting

Ahmad  Yaghoobnezhad ¹ (نویسنده اول و مسئول مکاتبات)
Sephora  Ahmadi ² (ندارد)

Received: 2009-06-07 Accepted : 2009-08-10 Published : 2009-07-23

Keywords: Market Value Added- European Q,

Abstract :

Few years the use of excellence models organization or ascendancy business as a steady tools that evaluate success rate of organizations is common in Iran. The main problem is whether the application of these models, including European quality management to create value in organizations is. To answer this question, the relationship between market value added(MVA)and advantage of organizations after the run of EFQM and to periodic auditing, is being studied.  For this reason financial lists of 14 companies were being during the year 1999 to 2007. After gathering information, the three variables, return income and return on investment and return on selling were evaluated along with the operating factor. The results shew the existancye of a linear relation between MVA, EFQM and RI. Also Regression Modeling on the basis of the main variable of the problem explain 32% of changes made in the Market Value Added on the basis of the achieved score in evaluating the performance of National Productivity Organisation. The 32% determining coefficient show this fact that one third part of the changes made in Market Value Added can be represent by this variable.