| In December2009, the SASAC announced the latest revision of theheads of central enterprises operating performance appraisal InterimMeasures for the first time, the economic value added indicators into theevaluation system. Economic Value Added, EVA, is developed based on thetheory of surplus value theory of value management in the1980s byStern-Stewart Co., the register and promoter of the implementation in theUnited States, is favored by a number of large multinational companies.SASAC central enterprises appraisal system has always been referredto as " oriented baton of acts of state-owned enterprises". The revolution ofthe Performance Appraisal System of the country set off a craze of EVAmanagement. The growth of the enterprise performance characteristics ofthe EVA is net of capital cost considerations, and data derived fromaccounting data from the adjustment. The EVA concept can run throughout the corporate strategy, management, salary incentives and corporate culture,so that all decision-making criteria to unify.Due to the special nature of the Chinese market, Chinese enterprisesapplication of EVA management to a greater understanding of thephilosophy and approach, combined with the actual make the necessaryimprovements and innovations. Especially for military research institutes,how to adapt and make good use of the superior EVA appraisal system, thereis an urgent need to address the problem.This paper, the theory and application of EVA as the main line, mainlystudied the current situation and problems in the application of EVAmanagement of central enterprises, especially military research institutes.Further on, it built a method based of financial management system, contentand procedures on the the EVA assessment. On this basis, the limitations ofEVA application for the military research institutes and modified measureswere discussed in the final part, in order to benefit military researchinstitutes EVA management practices. |
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