The Analysis Of High-tech Enterprises’ Achievement Appraisal With EVA

Compared with the traditional enterprise, considering the features of higher-invest, higher-risk, higher–yield and higher-intelligence of high-tech enterprises, achievement appraisal makinguse of the traditional financial evaluation method may hardly accurately reflect these features.The article aims to identify a new financial evaluation method that reflects the particularity of thehigh-tech enterprises, using a combination of quantitative methods and qualitative methods. Itmakes pertinent improvement to the traditional EVA formula, integrating with high-techenterprises’ features, and establishes the EVA computational and adjustive model applicable tothe achievement appraisal of high-tech enterprises. On the basis of this model, this article makesuse of new performance appraisal method based on EVA to analyze performance of111Information Technology Industry listed companies. Then, it makes relevant empirical study bythe quantitative method to analyze the main influencing factors of high-tech enterprises’economic value added (EVA) performance. The conclusion of this empirical study provides anecessary lesson for high-tech enterprises to improve their EVA performance. The empiricalstudy indicates that: High-tech enterprises’ EVA performance has positive correlation with thenet profit after tax; It has negative correlation with the floating assets; Furthermore, it hasnonlinear correlation with the fixed assets, when the input amount of fixed assets is small, theyhave positive correlation; After achieving a certain value, they will have negative correlation.This paper considers that there are three effective ways to improve high-tech enterprises’ EVAperformance: One way is to improve the net profit after tax of high-tech enterprises; The secondway is to improve the service efficiency of floating assets, on the premise of high-techenterprises’ normal operation; The last way is to pay more attention to invest fixed assetsreasonably.