数学角度的经济增加值(EVA)分析

An EVA Analysis from the View of Mathematics

EVA是当今经济学论文中出现较多的新词之一,作为新的公司价值评价标准,它有许多的优点。然而,它与NPV等一些我们惯用的经济指标相比究竟有何不同,本文试图从数学角度入手,全面介绍了EVA的计算,并通过与NPV,MVA的比较,从理论上说明了EVA的优势与局限。

As a new evaluating standard of company value, EVA is one of the latest words more often appears in economic essays, which has a lot of advantages. However, what are the differences on earth between EVA and other usual economic indexes we use？ In this paper, the writer trys to give an overall introduction of EVA＇s calculation from the view of mathematics and theoretically illustrate its advantages and limitations by comparing with NPA and MVA.