Examining the Relation of EVA (Economic Additional Value) and ROE (Return on Equity) and ROA (Return of Assets) in Cement and Construction Industries in Tehran Stock Exchange Companies

Present study is to examine relation of EVA with ROA and ROE in the companies registered in Tehran stock exchange so 42 companies whose data were available for five years (From 2008 to 2012)by virtue of the defined limits were selected as samples. The variables to be examined in the study included EVA, ROA and ROE. The findings from data analysis and testing the hypotheses indicate there is no significant relation between EVA and ROE in cement industry, but there is a significant and negative relation in 90 percent level in construction industry. There is a significant and negative relation between EVA and ROE in cement industry in 95 percent level and in construction industry in 90 percent level, respectively.