Özet:

n recent years, developments occurring in the financial markets have led to the increasing importance of value-based management approach and the derivation of new performance measures about evaluation. One of these performance measures is Wealth Added Index (WAI) which was developed by the Stern Stewart consulting firm in 2002. WAI performance measure is used to determine which companies provide their shareholders more wealth and this measure is becoming increasingly popular in financial markets. The aim of this study is to determine whether or not shareholder value is created according to Wealth Added Index criteria in BIST 30 Index firms for the year of 2012. The results show that twenty four of the firms create value for shareholders.

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