Eva Performance Evaluation Methods Applied Research In The Private Enterprises In China

Since reform and opening, our economy maintained strong growth momentum, a large number of private enterprises have listed, management strength and management level continues to increase.Business performance evaluation system in the entire enterprise value evaluation system highlights the importance of increasing scientific performance evaluation method can not only help to optimize corporate governance structure and capital management, but also contribute to the growth of the value of listed companies.Enterprise Performance Evaluation System is the core of the entire enterprise management system, the relationship between the management and development of the entire enterprise. China's private enterprises to adopt a series of performance evaluation methods, the current performance evaluation system used primarily on the basis of traditional accounting profit, including net income, net operating cash flow. As the actual results of operations and businesses seriously out of line, private enterprises on the existing performance appraisal system, there are some problems, leading to the formulation and implementation of development strategies, subject to a certain degree of obstruction, such as the cost of capital measurement is inaccurate, prone to manipulation and so on, therefore can not objectively reflect the real operating performance enterprise is not conducive to long-term development of private enterprises. EVA evaluation method derived from the developed market economy conditions, with some applicability. Learn from the advanced experience of foreign countries, the introduction of EVA performance evaluation system and that the method has been successfully applied to our existing market economy conditions, it is necessary according to the actual situation of China's private enterprises to conduct appropriate adjustments. Based on this, we need to build out a new line with the actual situation of private enterprise performance evaluation method.Based on enterprise performance evaluation of the relevant theory, introduced the report on the origins of economic value added, definitions and basic knowledge of the general method of calculation based on the traditional private enterprise performance evaluation method and EVA evaluation methods are analyzed and compared to our 2009 has been listed 57 private companies listed on the chemical industry positive samples, and to private enterprises in which a typical listed company as a case analysis, presentation EVA value of the adjustment process, followed by use of theoretical and empirical combined with the traditional performance Evaluation of the comparative study came to the conclusion EVA-based performance evaluation index system of the feasibility and effectiveness of the conclusions. Enterprise Performance evaluation of the traditional indicators (such as net profit, etc.) than, EVA method is more effective evaluation of listed companies, private enterprises and create value.At present, the domestic scholars although private enterprise performance evaluation system for the study has a certain amount of attention, but according to the actual situation of private enterprises into private enterprises will be EVA targets the issue of performance evaluation system, but there is no related research. Innovations of this article lies not only with a new, scientific methods of performance evaluation results of operations of private enterprises to conduct evaluation and analysis, more importantly, the research results for private business operators and related stakeholders to provide a new concept of performance evaluation. This article from the current China's private enterprises the performance of commonly used evaluation methods and related theory, based on the calculation of the original value of the introduction of EVA and in accordance with company specific circumstances and appropriate adjustment made to build a scientific and rational model for the calculation of adjustments, and then the specific An Empirical Analysis of China in 2009 has been listed on listed companies, private chemical industry EVA value of three-year period to examine its performance evaluation system used in the feasibility and effectiveness.