本文關鍵詞：基于EVA的我國上市核電關聯(lián)企業(yè)業(yè)績評價研究　出處：《南華大學》2014年碩士論文　論文類型：學位論文

  更多相關文章： 核電關聯(lián)企業(yè) 經濟增加值 業(yè)績評價

【摘要】：國家核電發(fā)展中長期規(guī)劃在客觀上為核電關聯(lián)企業(yè)的崛起創(chuàng)造了一個歷史性的機遇。然而，隨著社會的前進和經濟的發(fā)展，以利潤為核心的傳統(tǒng)業(yè)績評價指標體系現已不能滿足我國核電關聯(lián)企業(yè)績效評價的需求，缺乏戰(zhàn)略性全面績效評價，核電關聯(lián)企業(yè)的股東資本投入利用率及資本的預期合理收益不能有效反映。是否能夠成功抓住這次機遇，需要提高目前核電關聯(lián)企業(yè)的績效評價體系效用。近年來，EVA作為一種新型業(yè)績評價指標，在西方企業(yè)業(yè)績評價體系中已成功得到運用，如IBM、可口可樂、通用和西門子公司等。我國自引入EVA概念以來，國內企業(yè)也逐漸運用EVA作為其業(yè)績考核的重要方法，到2010年，國資委正式頒布了以EVA為核心的中央企業(yè)負責人經營業(yè)績考核暫行辦法。 本文首先通過文獻研究法，對EVA業(yè)績評價方法進行文獻回顧，界定核電關聯(lián)企業(yè)和業(yè)績評價的定義，闡述業(yè)績評價方法的歷史演進、對三種主要業(yè)績評價方法運用比較方法分析，并對經濟增加值（EVA）的涵義、本質、優(yōu)缺性及EVA指標的計算方法進行分析，為本文研究提供理論依據。其次，采用實證分析方法，分析我國上市核電關聯(lián)企業(yè)的業(yè)績評價狀況及運用EVA的必要性，以48家我國上市核電關聯(lián)企業(yè)2010-2012年的數據為樣本，通過實證，檢驗上市核電關聯(lián)企業(yè)的EVA指標相比于傳統(tǒng)業(yè)績評價指標，是否與代表企業(yè)價值的MVA指標有更強的相關性，是否對企業(yè)價值有更優(yōu)的解釋能力；得出在我國上市核電關聯(lián)企業(yè)中，EVA比以利潤為核心的業(yè)績評價指標體系更有效，但它對企業(yè)價值的解釋力度不是很高，才43%，可能是未考慮非財務因素對企業(yè)績效的影響。最后，在實證研究結論的基礎上，，設計一種將EVA、杜邦分析法和BSC三者相互融合的綜合企業(yè)業(yè)績評價體系的構建方法，以期更為完善我國核電關聯(lián)企業(yè)業(yè)績評價效果。 EVA反映的是企業(yè)的經濟利潤，是真正的企業(yè)利潤，相對于傳統(tǒng)業(yè)績評價指標，具有一定優(yōu)勢。在核電業(yè)積極發(fā)展的今天，研究基于EVA的我國上市核電關聯(lián)企業(yè)績效評價體系，具有理論和實踐意義，不僅有利于完善、發(fā)展EVA理論體系和企業(yè)業(yè)績評價體系，又有利于正確認識我國核電關聯(lián)企業(yè)的經營業(yè)績及內在價值，引導我國核電關聯(lián)企業(yè)科學發(fā)展。
[Abstract]:The national nuclear power development medium- and long-term planning objectively creates a historic opportunity for the rise of nuclear power associated enterprises. However, with the progress of society and economic development. The traditional performance evaluation index system with profit as the core has been unable to meet the needs of performance evaluation of nuclear power associated enterprises in China and lacks of strategic comprehensive performance evaluation. The utilization rate of shareholders' capital input and the expected reasonable return of capital in nuclear power affiliated enterprises can not be effectively reflected. Whether or not they can seize this opportunity successfully. In recent years, as a new performance evaluation index, it has been successfully used in western enterprise performance evaluation system, such as IBM. Since the introduction of the concept of EVA in China, domestic enterprises have gradually used EVA as an important method of performance evaluation, until 2010. SASAC formally promulgated the EVA as the core of the central enterprise management performance assessment measures. This paper firstly reviews the EVA performance evaluation method through literature research, defines the definition of nuclear associated enterprises and performance evaluation, and expounds the historical evolution of performance evaluation method. The comparison method is used to analyze the three main performance evaluation methods, and the meaning, essence, advantages and disadvantages and the calculation method of EVA index of economic added value are analyzed. Secondly, the empirical analysis method is used to analyze the performance evaluation of listed nuclear power related enterprises in China and the necessity of using EVA. Taking the data of 48 listed nuclear power associated enterprises from 2010 to 2012 as a sample, this paper tests the EVA index of listed nuclear power associated enterprises compared with the traditional performance evaluation index. Whether there is a stronger correlation with the MVA index which represents the enterprise value, and whether it has better explanation ability to the enterprise value; It is concluded that EVA is more effective than the performance evaluation index system with profit as the core in listed nuclear power associated enterprises in our country, but its explanation of enterprise value is not very high, only 43%. It may be that the impact of non-financial factors on corporate performance is not considered. Finally, on the basis of empirical research conclusions, we design a kind of EVA. In order to perfect the performance evaluation effect of China's nuclear power associated enterprises, a comprehensive enterprise performance evaluation system based on DuPont analysis and BSC is constructed. EVA reflects the economic profit of the enterprise, is the real enterprise profit, compared with the traditional performance evaluation index, has certain advantages, in the nuclear power industry positive development today. It is of theoretical and practical significance to study the performance evaluation system of listed nuclear power associated enterprises in China based on EVA. It is not only beneficial to perfect and develop the EVA theory system and enterprise performance evaluation system. It is also helpful to correctly understand the business performance and intrinsic value of our country's nuclear power associated enterprises and guide the scientific development of our country's nuclear power associated enterprises.
【學位授予單位】：南華大學
【學位級別】：碩士
【學位授予年份】：2014
【分類號】：F426.23;F426.61;F224

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