基于平衡记分卡的环保企业价值评估体系构建

Construction of Environmental Protection Enterprise Value Evaluation System Based on Balanced Scorecard

近年来,环保企业在经济中的地位愈发重要。然而,现有的价值评估体系未能充分反映其独特的经营特征和需求,过于注重财务指标。为了对环保企业的价值评估更加全面、清晰,从平衡计分卡的视角出发,初步选取110家A股上市环保公司的价值评估指标,并在其财务维度补充经济增加值(EVA)指标,随后进行灰色关联分析及平均影响值(MIV)分析做指标约简处理,构建了4个层次共17个指标的环保企业价值评估体系。分析结果表明:非财务指标的相对贡献率达33.23%,反映了非财务因素在环保企业价值评估的重要性。侧面验证了平衡记分卡视角下构建的环保企业价值评估体系,能够提供比传统方法更全面和科学的评价。

In recent years,the position of environmental protection enterprises in the economy has become increasingly important.However,the existing value evaluation system fails to fully reflect its unique business characteristics and needs,and places too much emphasis on financial indicators.In order to make a more comprehensive and clear assessment of the value of environmental protection enterprises,this paper will initially select the value assessment indicators of 110 A-share listed environmental protection companies from the perspective of balanced scorecard,supplement Economic Value Added(EVA)indicators in their financial dimension,and subsequently carry out gray correlation analysis and Mean Impact Value(MIV)analysis to reduce the indicators.Therefore,the value evaluation index system of environmental protection enterprises with 17 indexes in 4 levels is constructed.The analysis results indicate that the relative contribution rate of non-financial indicators reached 33.23%,reflecting the importance of non-financial factors in the value evaluation of environmental protection enterprises.This indirectly validates the value evaluation system of environmental protection enterprises constructed from the perspective of the balanced scorecard,which can provide a more comprehensive and scientific evaluation than traditional methods.