چکیده (انگلیسی):

Maximization of wealth is the major purpose of a business unit. Nowadays, economic value added is
considered to be the most important criterion for evaluation of internal performance. On the other hand, as discussed in
capital structure, capital is the first fundamental necessity for establishing a company and is needed for further
developments. Thus, the present study aims at evaluating the relationship between economic value added and capital
structure of companies listed at Tehran Stock Exchange from 2004 to 2010. The samples are chosen by the use of
systematic elimination method and include 70 companies. In the present study, value added as the dependent variable
is a measure used for of assessing value-making in companies. Capital structure is the independent variable comprising
rate of short-term liability, rate of long-term liability, and return on equity. Thus, three hypotheses are proposed for
explaining the relationship between value added and elements of capital structure. Excel and SPSS 17 are used for data
analysis. Statistical methods include the correlation coefficient, determination coefficient, significant t- and f-statistics.
Results of testing the hypothesis with linear regression method indicate a significant and positive relationship between
economic Value Added and stock return.