摘要
基于EVA模型对我国上市公司资金使用效率进行了实证分析。结果表明,中国上市公司的价值创造能力整体上是不足的,资金使用效率低下,但从趋势上看,上市公司资金使用效率已经进入上升的通道。这种上升的可持续性将有赖于上市公司治理结构的改善与金融市场资源配置功能的逐步增强。
Based on model of EVA, this article analyses the efficiency of capital raised by Chinese public companies. The result shows that the Chinese public companies' ability of creating value is poor and the efficiency of capital is low. But as a trend, the efficiency of capital raised by Chinese public companies is now entering the rising passage. The lasting of this rise will depending on improving of the companies' management structure and strengthening the finance market's function of installing resources.
出处
《郑州航空工业管理学院学报》
2006年第1期90-92,共3页
Journal of Zhengzhou University of Aeronautics
关键词
上市公司
资金使用效率
EVA模型
Chinese public companies
the efficiency of capital
EVA model