The Effect Of EVA Evaluation On The Listed State-owned Enterprises And Its Innuencing Factors

Since the foundation of the state-owned assets supervision and administration commission of the state council, it committed to the deepening reform of state-owned enterprise, on the one hand, establish the supervision and administration of state-owned assets mechanism, the introduction of central enterprises head of the appraisal system and constantly improve the governance structure of the state; On the other hand through continuous merger and reorganization in order to realize the integration of state-owned assets, today state-owned business reached an unprecedented scale, due to the huge volume, allowing cash-rich state-owned enterprises, management level, investment, merger and acquisition strong desire.So at this point is very need an assessment method to measure whether the expansion behavior of state-owned enterprises create the value for the investor, whether caused the loss of state-owned assets.This article selects33listed state-owned enterprises in China in2010and after three years of data, using data envelopment analysis (DEA) method of the BCC model for state-owned enterprise effectiveness analysis, input redundancy and output deficiency, the analysis of the efficiency improvement, respectively calculates the technical efficiency, pure technical efficiency and scale efficiency. On this basis, this paper further influence State-owned enterprise efficiency factors of the regression analysis. The measurement of technical efficiency, pure technical efficiency and scale efficiency as dependent variable, the profitability of the listed state-owned enterprises, asset-liability ratio, proportion of state-owned holding company, state-owned assets supervision and control levels, innovation ability as independent variables, selection of indicators to measure from different angles of its impact on implementation effect. Through the analysis found that the profitability of state-owned enterprises, asset-liability ratio, proportion of state-owned and innovation ability of its effect is obvious. Based on the above research, this paper puts forward specific suggestions to improve the efficiency of state-owned enterprises.On the basis of the above research, this paper puts forward specific suggestions on the state-owned enterprise efficiency.