基于EVA的企业绩效评价毕业论文.docVIP

本 科 毕 业 论 文 题 目 基于EVA的企业绩效评价 学 院 专 业 财 务 管 理 班 级 学 号 学生姓名 指导教师  摘 要 随着中国资本市场的不断发展和完善，上市公司的经营业绩越来越受到其不同利益相关者的关注，企业绩效评价变得越来越重要。因此，如何准确、合理地评价浙江省上市公司的业绩，已经成为当前企业发展的一个重要课题。本文采用实证研究方法，以浙江省175家上市公司作为研究样本，探讨一种新的绩效评价体系。通过对EVA与公司价值在市场中的相关性进行探析，并与其他绩效评价进行比较，得出的结论是：传统的绩效评价指标NP和NOCF对其解释能力分别为50.9%和0.6%，EVA6.6%，相对于净利润来说，EVA在解释公司价值能力方面仍不是很高，但强于NOCF；通过改进EVA指标，即采用单位资本经济增加值与每股未分配利润的相关性进行探析，并与其他传统选股指标进行比较，得出的结论是：EPS对其解释能力达到了3.7%，EVAPC虽然对其解释能力只有1.1%，但稍高于传统选股指标指标ROE。虽然以EVA衡量上市公司的绩效是有限可行的，但，值得我国上市公司采用。 关键词：经济增加值EVA)；绩效评价；单位资本经济增加值Abstract With the continuous development and complete of China’s capital markets, the operating performance of listed companies has more and more concerned by the different stakeholders, the performance evaluation of corporate has become increasingly important. So how to evaluate the performance of listed companies exactly and rationally in Zhejiang Province has become an important issue for enterprise development. In this paper, adopting empirical research methods, 175 listed companies in Zhejiang Province as the study sample, explore a new performance evaluation system. Through economic value added and the company by market value of the correlation and compared to other performance evaluation systems, the conclusion is: the traditional performance evaluation net operating cash flow and net profit of its explanatory power is 50.9% and 0.6% respectively, The economic value added has reached 6.6%, compared to net income is, economic value added capabilities in explaining firm value is still not high, but stronger than net operating cash flow; By improving economic value added performance indicators, namely, used economic value added per unit of capital and earni