基于会计利润与经济利润的绩效指标的一致性

Consistency of Firm's Performance Indexes Based on Accounting Profit and Economic Profit

从排序和线性关系两方面考察了2001年化工行业36家上市公司的绩效数据。结果表明:净资产收益率、经济增加值和基于因子分析的综合财务绩效排序两两正相关,且均与市场增加值排序没有关联。基于因子分析的综合财务绩效与净资产收益率,经济增加值与净资产收益率、市场增加值存在显著的线性关系;没有发现基于因子分析的综合财务绩效与经济增加值、市场增加值,市场增加值与净资产收益率存在线性关系的明显证据。

Performance data in 2001 of 36 listed companies of chemical industry are observed.The results show: On the sort orders, there are significantly positive relationships among return onnet assets, economic value added and the integrated financial performance based on factor analysis(IFPFA); There is no relationship between market value added and other three indexes. On linearrelationships, IFPFA is significantly positively related with return on net assets, economic valueadded is significantly positively related with return on net assets and market value added, no otherlinear relationships are found.