基于EVA的华夏幸福基业股份有限公司绩效评价体系研究

发布时间：2018-03-09 08:04

本文选题：绩效评价　切入点：房地产企业　出处：《江苏大学》2017年硕士论文　论文类型：学位论文

【摘要】：随着我国市场经济环境的不断发展,提高企业竞争力的关键是一个企业是否运用合理的绩效评价体系。然而在当前日趋激烈的市场竞争中,企业的绩效评价方法的缺陷日益突显。现有绩效评价考核标准主要以会计利润为主,而且在计算评价指标时常常忽略权益资本成本对绩效评价的影响。同时,仅考虑财务报表中的利润,却不考虑如何通过绩效评价指标全面真实反映企业创造的价值,因此也容易造成企业难以准确地反映自身真实的状况。所以现有企业绩效评价体系会存在因过分追求利润而盲目扩张,却不考虑因资金占用造成资本利用率下降的问题。经济增加值的概念是在上世纪80年代由美国提出的,该理论为企业绩效评价提供了另一种选择。后来,随着国内对绩效考核的逐渐重视,该理论引入国内后得到广泛关注,国资委在相关文件中提出将经济增加值理论引入中央企业绩效考核中,该绩效评价体系在我国得到了大量的运用和关注,然而也发现了不少缺陷。本文以房地产上市公司为研究对象,首先梳理国内外关于EVA绩效评价的相关研究,在介绍相关概念与理论的基础上,对华夏幸福基业股份有限公司绩效评价体系的现状与缺陷进行分析,指出该体系存在的缺陷;其次,针对上述分析得出的缺陷,结合房地产行业的特点,构建房地产上市公司EVA绩效评价体系。然后,选取华夏幸福基业股份有限公司为对象,计算出其2012—2016年绩效综合分值。最后,根据计算结果总结本文主要结论,提出相应建议并展望未来可能的研究方向和内容。
[Abstract]:With the continuous development of the market economy environment in China, the key to improve the competitiveness of enterprises is whether an enterprise applies a reasonable performance evaluation system. However, in the current increasingly fierce market competition, the key to improve the competitiveness of enterprises is whether to use a reasonable performance evaluation system. The shortcomings of the performance evaluation methods of enterprises are increasingly obvious. The existing performance evaluation standards are mainly based on accounting profits, and the impact of the cost of equity capital on performance evaluation is often ignored in the calculation of evaluation indicators. At the same time, the impact of the cost of equity capital on performance evaluation is often ignored. Only consider the profit in the financial statements, but not consider how to reflect the value created by the enterprise through the performance evaluation index. Therefore, it is easy for enterprises to reflect their real situation accurately. Therefore, the existing enterprise performance evaluation system will be blindly expanded because of excessive pursuit of profits. The concept of economic added value was put forward by the United States in -20s. The theory provides another choice for enterprise performance evaluation. With the gradual attention paid to the performance appraisal in China, the theory has been paid more and more attention after it was introduced into the country. The SASAC has proposed to introduce the theory of economic added value into the performance appraisal of the central enterprises in the relevant documents. The performance evaluation system has got a lot of application and attention in our country, but also found a lot of defects. This paper takes the listed real estate companies as the research object, firstly combing the domestic and foreign related research on EVA performance evaluation. Based on the introduction of related concepts and theories, the paper analyzes the present situation and defects of the performance evaluation system of Huaxia Happiness Foundation Co., Ltd., and points out the defects of the system. According to the characteristics of real estate industry, this paper constructs the EVA performance evaluation system of listed real estate companies. Then, selecting Huaxia Happiness Foundation Industry Co., Ltd. as the object, the comprehensive performance score for 2012-2016 is calculated. Finally, According to the calculation results, this paper summarizes the main conclusions, puts forward the corresponding suggestions and looks forward to the possible research direction and content in the future.
【学位授予单位】：江苏大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F832.39;F830.42

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