摘要
传统的评估企业业绩的会计利润,没有扣除股权成本,由此计算的成本不完全,不能真实反映公司为股东创造财富的能力。以经济增加值(EVA)评估企业业绩,能弥补传统会计利润指标缺陷。通过对我国电子信息类76家上市公司连续三年的EVA计算分析,发现近半数以上样本公司的EVA为负值,实际业绩差强人意。表明这些公司管理者不但没有为股东创造财富,反而在损害股东财富。电子信息类上市公司有必要通过强化费用控制、减少闲置资产、优化资本结构、降低资本成本、加速资产周转等措施真心实意为股东创造EVA。
The traditional corporate performance assessment of accounting profit without deduction equity costs is not perfect. Because it can not truly reflect the company＇s profitability for shareholders. Index of economic value added （EVA） to assess enterprise performance can make up the deficiencies of traditional assessment. By analysis based on EVA of 76 telecom listed companies in China within three successive years, the essay shows the actual performance in almost half enterprisis unsatisfied, indicating the managers in these companies not only failed to produce wealth for shareholders, but hurt them. It is necessary for the listed telecom companies to take measures to control costs, reduce the idle assets, optimize capital structure, lower cost of capital, accelerate the turnover of assets and other measures to ensure the EVA for shareholders.
出处
《西安财经学院学报》
2010年第5期23-28,共6页
Journal of Xi’an University of Finance & Economics
