| After SASAC(State-owned Assets Supervision and Administration Commission)introduced the assessment indexes of EVA(Economic Value Added), achieving the increase of EVA has been an important goal of enterprises in terms of pursuing of value maximization. Many companies take the EVA as a critical index of their internal performance evaluation. As an important basic industry related to national economy and people’s livelihood, power generation enterprises mainly serve for the national product and residents living electricity demand, and it’s development is related to the smooth running of national economy and social continuous improvement. Owning to the forming of competitive mechanism and the maturing of clean energy technology, the thermal power enterprises are now faced with fierce market competition environment.Based on the above analysis, this paper redefined the connotation of corporation value, which devided the corporation value into current operation value and future growth value, of thermal power enterprises and its driving factor. Simultaneously, in consideration of the former mature research results in value assessment theory, the characteristics of thermal power enterprises and the basic theory of EVA, this paper builds a proper EVA valuation model of thermal power enterprises. Managers can make correct decisions by means of instance verification based on EVA valuation model of thermal power enterprises. |
