上市企业经营业绩评价EVA方法的实证研究——以我国煤炭上市企业为例

Empirical Study on Performance Evaluation of Listed Enterprises Based on EVA——Take China's Coal Listed Companies as Example

将经济增加值(EVA)引入煤炭上市企业的绩效评价体系,并选取20家有代表意义的深沪煤炭上市企业计算其2008年的EVA值,对其进行业绩评价,并用SPSS进行回归分析,得出了用EVA评价我国煤炭上市企业经营业绩比净利润更有说服力的结论,克服了传统指标评价缺失资本成本,形成净利润为正就是赢利的缺陷与误区,从而将为利益相关者进行决策提供更有意义的风向标。

The paper brought EVA into the Performance Evaluation System of the listed coal enterprises, and selected twenty typical coal enterprises in the list of Shanghai and Shenzhen stock exchange. Then it worked out every enterprise＇ s EVA in 2008 and evaluated the performances of the selected samples. Based on the above caculation, by making a regression analysis with SPSS, it drew a conclusion that EVA was more reasonable than NET PROFIT for the performance evaluation of the listed coal enterprises. It overcomes the defect of the traditional view ＂the more profit, the better performance＂ without considering the capital cost of equity capital. Thereby it will offer a more significant vane to the shareholders for decision - making.