State-owned Enterprises Performance Evaluation System

Performance Evaluation is an important aspect of the modern enterprise financial management research. The features of Modern enterprises are clear property rights and responsibilities clear separation of government from enterprises, and scientific management, which is the more important theoretical and practical significance to the research of performance evaluation. the correct or complete of State-owned enterprises Performance Evaluation System directly related to whether or not to fully reflect the true operating performance of state-owned enterprises, directly affecting preserve and the value-added the of capital. China's state-owned enterprises are trying to place on the international market competition, enterprise management level are equally facing challenges. A scientific and rational system of performance evaluation have played an important role on the development of business strategies, assessment of business and the realization of the objectives identified enterprise management remuneration plans.This paper, make the analysis of China's state-owned enterprises existing the limitation of performance evaluation system ,summed up the theory of the enterprise performance evaluation system, review the of research results of at home and abroad related to, based on this, in view of the existing performance evaluation of state-owned enterprises System limitations, their corresponding evaluation index has been amended: The total rate of return on assets, the value's Maintaining and increasing ratios:, the surplus cash protection multiples of the cost of profit margins, quick ratio: total assets were amended to pretax profit margins, Economic Value Added (EVA), cash operating profit guarantee multiples of the cost of business margin, ultra-Sudongbilu, On the rate of assets and liabilities, accounts receivable turnover ratio, the average growth rate of capital three years, the growth rate of assessment 2003 sales of the company also been amended.This article select August 1steel companies as empirical object, comparison and analysis the difference the performance of evaluation system of state-owned enterprises before and after which has been revised, Performance of amended the evaluation system is more scientific and rational in reflecting the performance of the real situation of state-owned enterprises.Combining empirical research findings, this paper made countermeasures on improving system performance evaluation of the recommendations to China's state-owned enterprises, At the last of this paper the shortage and the need for further research was introduced.