摘要
经济增加值(EVA)源于剩余收益(RI)模型。EVA实际上是资本效率与资本额之积,是投资、并购的决策依据。市场增加值MVA,PGV和EVA的结合,可以为投资决策提供全面的方向性指导。杜邦分析法和EVA的结合为传统的经营决策提供了必要的补充。在我国资本市场不完善和企业本身财务数据不真实的情况下,用EVA作为财务决策的方向标具有现实意义。
Economic Value Added originated from Residual Income Model.In fact, EVA is capital efficiency multiplying capital amount. It can be used to make M＆A decisions. The combination of MVA, PGV and EVA can provide the perfect direction of investment decision. The combination of Du Pont System and EVA can also provide the traditional operation decision with the necessary supplements. On the condition of the ineffective capital market and the false financial data, it is significant to take EVA for the direction of the financial decision.
出处
《商业研究》
北大核心
2005年第21期174-176,共3页
Commercial Research
