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      • Open Access Article

        1 - The Effect of Value-Based Management on the Market Performance of Companies Listed on the Tehran Stock Exchange
        nemat rostami mazouei zahra shircavand
        Purpose: During the last few decades, various studies have investigated the performance implications of value-based management. While many studies indicate that firms that implement a value-based metric within their control and reporting systems can outperform their pee More
        Purpose: During the last few decades, various studies have investigated the performance implications of value-based management. While many studies indicate that firms that implement a value-based metric within their control and reporting systems can outperform their peers who opt against implementing such a metric. In this regard, the present study examines the impact of value-based management on the market performance of companies listed on the Tehran Stock Exchange to assess the accuracy of this claim in the Iranian stock market as a developing country.Method: In order to measure the company's market performance, two criteria of stock market value and abnormal cumulative stock returns in the period of 1 day before and after the publication of financial statements were used. Also, in order to measure value-based management, the difference between the rate of return on investment and the rate of cost of capital was used to include the main feature of value-based management in measuring it. The research method was descriptive-correlational and the statistical population of the study included all companies listed on the Tehran Stock Exchange during the period 2014 to 2020 that 154 companies were analyzed as the final sample. Research data were extracted using Rahavard Novin software and through the annual financial statements of companies and were analyzed using panel data regression.Findings:The results of fitting the research models showed that value-based management had a direct and significant effect on the value of the company's stock market, while its effect on the company's accumulated abnormal returns was obtained in the opposite and significant direction.Conclusion: According to these results, it seems that value-based management in the view of shareholders has been less important than other factors and financial characteristics of the company. Manuscript profile
      • Open Access Article

        2 - An Optimization Model for Designing a Supply Chain Network with a Value-Based Management Approach
        Nima Hamta Abbas Biglar Mahdi Molana
      • Open Access Article

        3 - Identifying and influencing factors affecting value -Based management
        Mashallah khorshidi Mohammad Hosseinpour Yadolah Mehralizadeh Gholam Hossein Barkat
        Today, theories of IT management, knowledge management, development management and value management are known as modern management schools. The foundation and foundation of each organization's culture is the values of that organization The value management system define More
        Today, theories of IT management, knowledge management, development management and value management are known as modern management schools. The foundation and foundation of each organization's culture is the values of that organization The value management system defines the value in three specific steps, defines the core values of the organization, communicates the values set and grasp the values of the organization's activities and activities. The main objective of the present study is to identify the factors affecting value management in which the researcher seeks how to create value management at the Office of the Directorate General for Voice and Television Education. The research has been done from the point of view of applied and descriptive-correlation method.The statistical population of the study is all managers and experts in the training of educational centers of the country's broadcast (121 persons). Data gathering tool was a researcher made questionnaire. The validity of the questionnaire was confirmed by experts and its reliability was confirmed by the Cronbach's alpha method of 0.96. The final sub-questions of the research were tested by T-test. According to the results of research, moral, social, economic, political, religious and cosmetic values have an impact on the effectiveness of the value management system. Considering the results of Friedman's ranking, the most important factors of moral, social, economic and beauty values and the factors of political value And religious beliefs have the least impact on the management of value at the General Directorate of Sound Education Management. Manuscript profile