摘要
EVA是一个比较新的管理评价指标,它有其他传统指标无法比拟的优势所在:可以真实反映企业的经营业绩;尽量剔除会计失真的影响;从股东角度定义企业利润;将股东财富与企业决策联系在一起;有利于企业内部财务管理体系的协调和统一等,当然它也有不容忽视的缺点:在部门间或企业间存在规模差异时失去决断力;导致经理的短期行为;无法解释企业内在的成长性机会等。所以,我们必须对它有一个比较清醒的认识,以求在实践中更好的改进、提高与应用它。
EVA is a relatively new index about management evaluation, which has advantages that other traditional indices cannot compete. It will reflect enterprises'achievement, try its best to get rid of the influence of accounting distortion, and benefit for the coordination and unification of enterprises'inner financial management system. However, EVA also has its own disadvantages that we cannot ignore. It can lead to the mangers' short behavior, and will lose decisiveness when scale differences exist between departments and enterprises. As the result, we should have a clear understanding of EVA to improve and use it in practice.
出处
《经济与管理》
2005年第4期50-52,共3页
Economy and Management
关键词
经济增加值
投资回报率
市场价值增量
economic value added
investment return rate
market value added
