基于EVA视角的企业薪酬激励机制运用

On the Application of Enterprise Emolument Incentive Mechanism from the Perspective of EVA

由于忽视了股东资本的机会成本,采取传统的会计利润等指标来评价企业经营业绩是有缺陷的,企业获得的利润只有高于全部资本成本才能为股东创造价值。文章在讨论了EVA内涵的基础上,以能够弥补这一缺陷的EVA理念为核心,设置了一套规范经营者行为、维护所有者和股东合法权益的激励机制,并探讨了比传统激励机制的优越性。

Due to the ignorance of the opportunity cost of shareholders＇ capital,adapting to the index such as traditional accounting profit to asses enterprise operation achievement is deficient.Only when enterprises＇ profit is higher than the overall capital cost,can they create value for stockholders.Based on a discussion of the connotation of EVA,using EVA concept as a core to make up this deficiency,this paper sets up a incentive mechanism to regulate operators＇ behaviors,maintain owners and stockholders＇ legal right,discusses the advantages of this mechanism compared to the traditional incentive mechanism.