中国电信EVA指标实施效果评价体系研究

发布时间：2018-01-09 11:08

本文关键词：中国电信EVA指标实施效果评价体系研究　出处：《南京理工大学》2013年硕士论文　论文类型：学位论文

【摘要】：我国中央企业一直在国民经济中占主导地位并起着重要带头作用,而随着央企的逐步发展,简单的目标管理已经不能满足企业对于价值管理的急切需求,企业缺乏创新意识、只大不强、资本使用率低下等等问题逐渐暴露。经济增加值(EVA)能够从企业价值的角度衡量绩效,帮助企业实现规模和效率的均衡增长,对于央企解决积累已久的问题有明显的引导作用。2009年12月,我国颁布新《中央企业负责人经营业绩考核暂行办法》,将EVA正式引入央企的绩效考核,这意味着央企从战略管理进入价值管理的新阶段。 EVA产生于国外完善的资本市场,将其运用于极具中国特色的中央企业是否能够发挥理想的引导作用值得探究,由于实施的时间较短,我国对于EVA的效果研究现今还处于初级阶段。中国电信作为国内特大型的上市央企,存在资产使用效率低下、投资回报和资本结构不佳等等问题,因此本文在前人的研究成果下,选择以中国电信为研究对象,从EVA指标实施目的入手分解EVA的价值驱动因素,基于对中国电信的状况分析构建EVA的实施效果评价体系,同时探讨了EVA实施效果的综合评价方法,并利用层次分析法对指标赋权打分、确定评分标准,以此评价EVA实施两年对中国电信发挥的效用。本文评价体系的建立对于其他行业企业判断EVA的实施效果具有一定的参考价值。
[Abstract]:China's central enterprises have been playing a leading role in the national economy, but with the gradual development of central enterprises, simple objective management can no longer meet the urgent needs of value management. Lack of innovation awareness, only a large, low capital use rate and other problems gradually exposed. Economic value added (EVA) can measure performance from the point of view of enterprise value. To help enterprises achieve a balanced growth in scale and efficiency, for central enterprises to solve the accumulated problem has a clear guiding role. December 2009. Our country promulgates the new "Central Enterprise responsible person in charge of Management performance Appraisal", formally introduces the EVA to the central enterprise's performance appraisal, which means that the central enterprise moves from the strategic management to the new stage of the value management. EVA emerged from the foreign perfect capital market, whether the central enterprise with Chinese characteristics can play an ideal guiding role is worth exploring, because of the short time of implementation. The research on the effect of EVA in China is still in its infancy. As a large listed central enterprise, China Telecom has some problems, such as inefficient use of assets, poor return on investment and poor capital structure. Therefore, under the previous research results, this paper chooses China Telecom as the research object, starting with the implementation purpose of EVA index to decompose the value driving factors of EVA. Based on the analysis of the status of China Telecom, the implementation effect evaluation system of EVA is constructed. At the same time, the comprehensive evaluation method of the implementation effect of EVA is discussed. This paper evaluates the effectiveness of EVA to China Telecom for two years. The establishment of evaluation system in this paper has certain reference value for other industry enterprises to judge the effect of EVA implementation.
【学位授予单位】：南京理工大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：F626.115

【参考文献】