平衡计分卡对中国企业财务绩效影响的研究(英文)

An investigation of the effect of using Balanced Scorecard on financial performances in Chinese companies

平衡计分卡(BSC)对中国企业财务绩效起什么作用,文献没有实证报导。本研究假设,使用平衡计分卡的企业获得更好的财务绩效,挑选25对中国大型企业,比对2008、2009年度的财务绩效数据,结果发现使用BSC的企业并不比未使用BSC的企业有更好的表现,也未发现BSC变量与企业财务绩效具有明显相关性。结论推翻了假设。

What is the effect of implementing Balanced Scorecard on Financial performances in Chinese companies？ Existing literature provides no empirical evidence. Here I hypothesize that firms using BSC have higher net profit margin,return on asset and inventory turnover than that of firms not using BSC. As control variables,I include prior year＇s financial performances,sales revenue and leverage ratio（total debt/total assets） . I compare the financial performances of 25 firms which use BSC with that of 25 firms which don’t use BSC in 2009.Using T-tests and Wilcoxon Rank Tests,I can’t find that the financial performances of firms using BSC are significantly higher than the financial performances of firms not using BSC. Besides,through correlation and regression analyses,it can be found that variable of BSC doesn’t have a significant relationship with financial performance. So,all the hypotheses are rejected.