EVA模型在石油企业中的应用分析

ANALYSIS OF APPLICATION OF EVA TO OIL ENTERPRISES

EVA(经济增加值)作为一种有效的业绩评价和管理方法已经广泛应用于国外,目前国内尚未建立起一套完善的评价企业经营业绩的指标体系。针对部分石油企业面临的治理结构不完善、管理者与股东利益分歧较大、缺乏合理的监督激励机制等诸多问题,指出了单纯应用会计绩效指标评价失真、偏差和"代理问题"等弊端;在分析EVA模型的一般原理和方法的基础上,用实证分析法,将此模型应用于石油企业经营业绩评价,从而将有助于改善企业"贱用"资本的现状,有利于引导各利益相关者做出正确的投资决策,使石油企业达到利润最大化的目标。

EVA(Economic Value Added) has been widely used as an effective method of performance assessment and management in foreign countries while an effective set of assessment index of enterprise performance has yet to be established in China.Aiming at problems in some oil enterprises like imperfect management structure,wide interest gap between the management and share holders,and lack of effective and sound encouragement system,this paper studies the problems of distortion and bias in accounting performance index.And after discussing the general principles and method of EVA,the authors suggest,on the basis of empirical analysis,applying EVA to oil enterprise performance evaluation so that correct investment decisions can be made and profits maximized.