Comparison of the Applications of EVA and Traditional Performance Evaluation Indices

Journal of Liaoning Petrochemical University ›› 2007, Vol. 27 ›› Issue (2): 87-90.

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Comparison of the Applications of EVA and Traditional Performance Evaluation Indices

School of Economics and Management , Liaoning University of Petroleum &Chemical Technology ,
Fushun Liaoning 113001, P .R .China

Received:2007-01-05 Published:2007-06-20 Online:2017-07-05

EVA 与传统业绩评价指标应用性的比较

田育新, 王莉华^＊

辽宁石油化工大学经济管理学院, 辽宁抚顺113001

作者简介:田育新(1981 -), 女, 河南洛阳市, 在读硕士。

Abstract

Abstract:

　 Taking the listed companies in northeast of China as a sample , the principal components analysis and multivariate linear regression analysis were carried out to study the relationships of market value and some indices namely economic value added (EVA)and traditional performance evaluation indices .The results show that EVA has lower relativity with market value than traditional performance evaluation indices , so EVA is not highly appreciated by Chinese enterprises , it is not possible for us to desert traditional performance evaluation indices and adopt EVA solely .

Key words: Economic value added, , Traditional performance evaluation indices, , Profit , , Net cash flow

摘要： 　以我国东北三省上市公司为研究对象, 运用主成分分析和多元线性回归分析法分析了EVA 和传统业绩评价指标与公司市场价值的相关关系。研究结果表明, EVA 与M VA 的相关性远小于传统业绩评价指标, 因而我国企业对EVA 的潜在接受程度不高, 其摒弃传统业绩评价指标而单独应用EVA 的可能性也不大。

关键词: 经济增加值, 　传统业绩评价指标, 　利润, 　净现金流量

TIAN Yu -xin,WANG Li -hua. Comparison of the Applications of EVA and Traditional Performance Evaluation Indices[J]. Journal of Liaoning Petrochemical University, 2007, 27(2): 87-90.

田育新, 王莉华. EVA 与传统业绩评价指标应用性的比较[J]. 辽宁石油化工大学学报, 2007, 27(2): 87-90.

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Comparison of the Applications of EVA and Traditional Performance Evaluation Indices

EVA 与传统业绩评价指标应用性的比较

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