Abstract

Value-based management is a modern management approach that increases the company's value, Thereby increasing shareholder value, the current research aims to demonstrate the impact of management decisions on increasing shareholders' value and their impact on the company's sustainable growth. The conceptual and conceptual model of research has been developed through a broad and in-depth review of literature related to the research axes, the independent variable value-based management measured by economic profit, which is the true criterion of shareholder value, And a sustainable growth variable that represents the company's growth without resorting to new sources of funding. The field of study represented the sectors listed in the Iraqi market for securities Four sectors (insurance, industry, agriculture, hotels) were selected as a research community, Winning companies have been identified as a research sample The study time series was (5) five years (2012-2016) The data were subjected to financial and statistical analysis by employing a set of equations, financial ratios and statistical ready-made software (SPSS, V.23). The results have demonstrated an impact relationship between management based on the value and sustainable growth of the sectors of the induction sample. The research has reached a set of conclusions, the most important of which is that companies should focus on economic profit because it represents the true value of shareholders.