The Role of the Economic Value Added Measure and Intellectual Capital in Financial Intermediations Market Value in Tehran Stock Exchange (TSE)

Firms' values are result in financial capital value and intellectual capital. Despite the importance of intellectual capital, by the principles of accounting but also, intellectual capital used in companies in the financial reporting of Iran are not presented. Goals research is review Evaluation of corporate valuation and study the effect of EVA, residual earning calculated by accounting standards and component of IC in market value of firms. The population of the financial intermediation industry with 25 companies in Iran, About 21 companies in the group Banks, credit institutions and other financial institutions, other financial intermediation, investment and monetary intermediation in Models were tested in the study, the results at the confidence level of 95%, indicate that: There is no significant difference between research models, for the capacities to explain variations in firms' market value, if the proxy variable of intellectual capital is not added. The capacity of residual income calculated by EVA to explain variations in a firm's market value will be significantly greater than residual income calculated by generally accepted accounting principle of Iran to explain variations in a firm's market value if the proxy variable of intellectual capital is added