經(jīng)濟(jì)增長(zhǎng)值指標(biāo)及其應(yīng)用.pdf

1、復(fù)旦大學(xué)碩士學(xué)位論文經(jīng)濟(jì)增長(zhǎng)值指標(biāo)及其應(yīng)用姓名：姚鍵翔申請(qǐng)學(xué)位級(jí)別：碩士專業(yè)：理財(cái)專業(yè)指導(dǎo)教師：王龍寶2000.5.1AbstractThefundamentalaimsoftheenterprise’managementistomaximizethefortuneoftheshareholdersButthetraditionalperformancemeasurements，suchasProfits，EPSandROEetc，do

2、notaccuratelyreflecttherealincreasesordecreasesofshareholders’investmentsbecausetheydonottakethecostofequityintoaccount，andbecausesomeprincipleofaccountingmaymisestimatetheperformanceoftheenterpriseEconomicValueAdded(EVA

3、)，whichhasbeenpopularinbothacademicandbusinessfieldsinwesterncountriessince1990s，isatechniquetodeterminewhetheracompanyiscreatingeconomicvalueoverandabovethecostofcapitalforassetsemployed，andwhetheritcreateswealthforthes

4、hareholdersEVAovercomestheshortcomingofthetraditionalperformancemeasurements，andCallbeeffectivelyappliedtoperformancemeasuring，decision—makingofinvestment，assessmentofthevalueofstocksharesorenterprises，andincentivesofman

5、agersEVAprovidesmanagementofenterprisesausefult001ThisarticledevotesfivechapterstointroduceandmakediscussionsofEVA：inChapter1，weanalyzethebackgroundofthebirthofEVAconceptandintroduceitsdevelopmentsandadoptionsinwesternco

6、untries；inChapter2，weintroducetheconceptandcalculationofEVA，andcompareitwithotherrelevantperformancemeasurementindicators；inChapter3，weillustratetheuseofEVAinthemanagementofenterprises；inChapter4，weuseEVAtomakeananalysis

7、oftheperformanceofthecomponentialstocksofShanghai30Indexin1999；inthelastChapterwediscusstheprospectsoftheadoptionofEVAinChinaTheresearchofEVAhasjuststartedinChinabuthardlyhaveenterprisesadoptedEVAinthemanagementIhopethis