Present the Value Creation Model in SMEs Listed on Tehran Stock Exchange: Strategic Factors in the Internal and External Environment

Today, due to the increase in global competition and environmental uncertainty, the success of companies depends on creating value for stakeholders, especially shareholders, and creating wealth for them, and this issue is only possible in the shadow of the analyzing of strategic factors in the internal and external environment; On the other hand, the importance of value creation for small and medium-sized companies is twofold with regard to their long-term sustainability goals. The present study is applied research in terms of the type of use and descriptive-correlational research based on structural equation modeling in terms of data collection. The statistical population of the research includes experts and managers of small and medium enterprises. Experts' Cronbach's alpha coefficient was used to confirm the validity of the questionnaire and to determine its reliability. Data analysis was performed with SPSS software and Smart PLS. The results of data analysis showed that the 5 hypotheses of the present study are confirmed and significant at the 95% level. The highest path coefficient is related to the effect of value creation on the maximum wealth of shareholders with 0.981.