基于EVA的Q公司绩效评价研究

发布时间：2018-03-19 21:06

本文选题：经济增加值　切入点：绩效评价　出处：《天津商业大学》2017年硕士论文　论文类型：学位论文

【摘要】：EVA(经济增加值)是指税后营业净利润减去投入的全部资本成本后的值,是以价值管理为导向,能最全面、真实、客观的评价管理层的经营成果,是评价企业绩效的方法之一。相比之下,传统绩效评价是在会计利润的基础上构建起来的,权益资本成本没有计入核算当中,所以难以客观、完整、准确地评价企业所创造出的价值。在越来越激烈的竞争市场中,以最快的速度建立、完善可以行之有效的绩效评价方法势在必行。所以,本论文研究讨论煤炭企业EVA绩效评价具有非常重要的实用价值和研究意义。本文首先以山西当地的Q公司作为研究核心轴,以案例分析和对比分析为辅助方法,发现现行绩效评价中,忽略了对权益资本成本的计量、对净利润过度依赖、评价方法相对单一等问题,提出了引入EVA的必要性;接着选取Q公司2011年至2015年的财务报表数据,确定其具体会计调整项目以及资本成本率,计算出该公司五年来的EVA指标,而且详细的与传统绩效评价指标进行分析和对比,从而得出EVA优于传统的绩效评价指标,能够更加准确的反映Q公司的经营成果;最后提出了全面贯彻EVA理念、结合平衡计分卡、构建以EVA为落脚点的绩效评价模式。
[Abstract]:EVA (Economic value added) refers to the value of net operating profit after tax minus the total capital cost of the input, which is guided by value management and can evaluate the management management results in a comprehensive, true and objective manner. By contrast, the traditional performance evaluation is constructed on the basis of accounting profits, and the cost of equity capital is not included in the accounting, so it is difficult to be objective and complete. It is imperative to accurately evaluate the value created by the enterprise. In the increasingly competitive market, it is imperative to establish and perfect the effective performance evaluation method with the fastest speed. This paper studies and discusses the EVA performance evaluation of coal enterprises has very important practical value and research significance. Firstly, this paper takes the local Q company in Shanxi as the core axis of the research, and takes the case analysis and comparative analysis as the auxiliary method. It is found that the measurement of equity capital cost, excessive reliance on net profit and relatively single evaluation method are neglected in the current performance evaluation, and the necessity of introducing EVA is put forward, and then the financial statement data of Q Company from 2011 to 2015 are selected. Determine its specific accounting adjustment items and capital cost rate, calculate the EVA index of the company in the past five years, and analyze and compare with the traditional performance evaluation index in detail, so that EVA is superior to the traditional performance evaluation index. It can reflect Q company's business results more accurately. Finally, it puts forward the idea of implementing EVA in an all-round way, combining with balanced scorecard, and constructs the performance evaluation model with EVA as its foothold.
【学位授予单位】：天津商业大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F426.21;F406.7

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