EVA思想与企业财务管理目标-华东经济管理.PDFVIP

2004 年 10 月 华 　东 　经 　济 　管 　理 Oct. , 2004 　　　　　　　　　　　　East China Economic Management 　　　　　　　　　　　　 第 18 卷第 5 期 Vol. 18 ,No. 5 EVA 思想与企业财务管理目标 茅瀛怀 ( 宁波职业技术学院 , 浙江 　宁波 　315800) [摘要] 与传统的财务管理目标相比 , 企业价值最大化目标具有很明显的优点 , 但由于企业价值的难以衡量 使该目标在实际推广应用中遇到了困难。EVA 指标反映的是企业价值的增值 , 是衡量企业价值增值的一项 具有可操作性的科学指标。笔者认为 : 以 EVA 作为评价指标 , 企业价值最大化目标将会被更多的企业应用 于财务管理实践。 [ 关键词] 财务管理目标 ; 企业价值最大化 ; 经济增加值 ( EVA) [ 中图分类号] F239 　　　 [文献标识码] A 　　　 [文章编号] 1007 —5097 (2004) 05 —0187 —04 EVA Thought and the Financial Management Target of Enterprises MAO Yinghuai ( ) Technological Institute of the Job of Ningbo , Ningbo 315800 , China Abstract : Compared with the traditional financial management target , the target of the maximization of enterprise value takes on very obvious strong points , however , the application of this target into real practice meets with difficulties as the enterprise value is hard to measure. As a reflection of the increment of the enterprise value , the index of EVA is a scientific one , which is used to measure the in crement of the enterprise value and has the characteristic of being easy to handle. The author of this paper reckons that if EVA is em ployed as the assessment index , the target of the maximization of enterprise value will be put into financial management practices by more and more enterprises. Key words : financial management target ; the maximization of enterprise value ; economic value added ( EVA)