EVA Influencing Factor Research Based On HLM

The ultimate goal of Listed companies is to maximize shareholder value, which requires the measure value must accurately reflect the company's ultimate value for our shareholders.The economic value added into account not only the cost of debt capital of enterprises, but also take into account the cost of equity capital of enterprises, is now considered more truly reflect the company's operating results and the value of listed companies.This study explored the context of the financial crisis in 2007 and 2008, China's electronic information industry companies ability to record and analyze the impact of the value of listed companies in the traditional indicators of economic value added. Firstly, the concept of the EVA targets, methods, and study at home and abroad to conduct a simple introduction and review. Then select electronic information on samples of listed companies in 2007 and 2008 EVA, before and after the financial crisis, a comparative analysis of the data. Hierarchical model to explain the phenomenon by constructing the background level factors on the economic value added per unit of capital influencing factors. Finally the general multiple linear regression model, nonparametric model and hierarchical linear models were compared.The results show that the electronic information in 2007 and in 2008 the company's EVA Listed overall difference between the more obvious, but with the core competitiveness of listed companies in the compression of the financial crisis, strong; in terms of traditional accounting indicators explained EVA, multivariate linear model good fit, semi-parametric model for forecasting has obvious advantages, hierarchical linear model to explain the background layer on the impact of individual level variables to explain better effect.