基于EVA-BSC的上市公司业绩评价研究

发布时间：2018-01-24 22:53

本文关键词： 业绩评价经济增加值平衡计分卡上市公司　出处：《山东财经大学》2012年硕士论文　论文类型：学位论文

【摘要】：随着经济的不断发展，企业面临的竞争环境日益激烈。为了使企业在挑战中实现长久发展，股东和管理者在管理过程中，逐步意识到业绩评价对于企业发展的重要作用。一个合理有效的业绩评价体系，能够监督并激励管理者的行为，使其在实现股东价值最大化的同时，以企业战略目标为基础，为企业的长期发展作出努力。经过了几十年的不断发展与完善，企业业绩评价体系和方法都得到了长足的发展，由最初的根据财务报表分析，到现在考虑资本成本的经济增加值（EVA）评价方法；从单一的财务指标评价，到现在综合非财务指标的平衡计分卡（BSC）对企业进行全面业绩评价。我国上市公司作为经济发展的中坚力量，其业绩评价依然使用传统的财务指标分析方法，在一定程度上阻碍的上市公司的发展。同时自2010年起对中央企业负责人采取EVA绩效评价，都为上市公司业绩评价提供了新的思考方向。本文通过分析业绩评价体系的发展过程，重点总结了国内外对EVA和BSC相关研究，在前人的研究基础上提出了构建EVA-BSC评价体系的设想。本文的创新点体现在对EVA-BSC评价体系在我国上市公司应用的必要性与可行性进行了分析，同时运用层次分析法（AHP）计算了各指标权重，，最后运用模糊综合评价模型对上市公司经济业绩进行综合评价。并以某上市公司为例，对该方法的具体运用进行说明，评价该企业业绩的同时对其管理中的不足之处提出了改进意见。
[Abstract]:With the development of economy, the competition environment of enterprises is becoming more and more fierce. In order to make enterprises achieve long-term development in the challenge, shareholders and managers are in the process of management. Gradually realize the important role of performance evaluation for the development of enterprises. A reasonable and effective performance evaluation system can monitor and motivate the behavior of managers to maximize shareholder value at the same time. Based on the strategic objectives of enterprises, the long-term development of enterprises has made efforts. After decades of continuous development and improvement, enterprise performance evaluation system and methods have been greatly developed. From the original analysis according to the financial statements, to now consider the capital cost of economic added value (EVA) evaluation method; From the single evaluation of financial indicators to the current comprehensive non-financial indicators of balanced scorecard BSCC to evaluate the overall performance of enterprises. China's listed companies as the backbone of economic development. Its performance evaluation still uses the traditional financial index analysis method, to some extent hinders the development of listed companies. At the same time, since 2010, it has adopted EVA performance evaluation to the central enterprise leaders. For listed companies performance evaluation provides a new direction of thinking. By analyzing the development process of performance evaluation system, this paper summarizes the research on EVA and BSC at home and abroad. On the basis of previous research, this paper puts forward the idea of constructing EVA-BSC evaluation system. The innovation of this paper lies in the necessity and feasibility of the application of EVA-BSC evaluation system in listed companies in China. Analysis. At the same time, the weight of each index is calculated by using AHP (Analytic hierarchy process). Finally, the fuzzy comprehensive evaluation model is used to evaluate the economic performance of listed companies. A listed company is taken as an example. The concrete application of this method is explained, and the improvement suggestions are put forward while evaluating the performance of the enterprise.
【学位授予单位】：山东财经大学
【学位级别】：硕士
【学位授予年份】：2012
【分类号】：F275;F832.51

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